Today on Total Retail

Wayfair Named ‘Fastest-Growing Retailer’
May 23, 2017 at 9:41 am

Total Retail recently released its seventh annual ranking of the 100 fastest-growing publicly traded retailers. This year’s list, as in years past, is based on companies’ year-over-year net sales growth, comparing the 2016 fiscal year to the 2015 fiscal year. A relative newcomer to the industry tops the list of fastest-growing retailers for the 2016 fiscal…

Report: Half of All Retail Jobs Could Be Lost to Automation in 10 Years
May 23, 2017 at 1:28 pm

Between 6 million and 7.5 million retail industry jobs are vulnerable to automation within 10 years, according to a report by Cornerstone Capital Group released this week. The report concluded that the jobs of 47 percent of the 16 million Americans currently working in retail could be made redundant by highly automated e-commerce and other innovations.…

Gordmans Moving to Off-Price Model After Bankruptcy
May 23, 2017 at 12:33 pm

Stage Stores, the company that purchased Gordmans out of bankruptcy in March, plans to turn the chain into an off-price retailer, comparable to TJ Maxx or Burlington Coat Factory. Gordmans’ current business model is a department store-off-pricer hybrid, with 80 percent of its merchandise being bought at full price. Stage Stores plans to shift this…

Is Facebook Worth it for Retailers?
May 23, 2017 at 12:02 pm

There are 5 million advertisers on Facebook right now. However, there are still many retailers that hesitate to advertise on the platform. At CPC Strategy, we believe some of this hesitation stems from uncertainty about what users want. Therefore, with our first "2017 Facebook Consumer Survey," we modeled our questions around two core thoughts: How do Facebook…

The 4 New Rules of Luxury Fashion E-Commerce: Amazon and Beyond
May 23, 2017 at 12:04 pm

In the not-so-distant past, high-end beauty and fashion brands had little reason to invest in their online presences, much less sell their product on Amazon.com. The unknowns of e-commerce, coupled with the commonplace perception of selling on Amazon, were feared to cheapen the very appeal that brought them to renown. That was then. Amazon’s growing retail orbit has…

How Brands Can Engage Customers Through the Corrugated Package
May 23, 2017 at 10:59 am

A major challenge for brands in the modern retail marketplace is to positively influence shopper behavior through fresh, relevant and dynamic messaging. Marketers constantly adjust promotional copy and offers through event, mobile and social marketing to break through to the buyer amid the noise of competitors. What’s new? Well, now the solution to this challenge…

Michigan Wal-Mart Stores Getting Upgrades
May 23, 2017 at 10:48 am

As part of a multimillion-dollar plan to update the chain's U.S. store portfolio, 12 Wal-Mart stores in Michigan will get new looks in 2017. The remodeled stores are capitalizing on building connections for consumers, taking them from traditional in-store shopping to online sales at Wal-Mart's e-commerce site, and finding in-between steps to blend the two. Wal-Mart…

J.C. Penney Targets Hospitality Industry for New Revenue
May 22, 2017 at 12:20 pm

Struggling department store chain J.C. Penney is taking aim at a potential new set of customers: other businesses. J.C. Penney, which last week reported a dismal first quarter and whose shares are trading near all-time lows, said on Thursday it planned to leverage its new home services business to try to win more sales from…

How to Compete in the Age of Free and Fast Shipping
May 22, 2017 at 10:15 am

Car service? Check. Dinner? Check. Beer and wine? Check. In today’s on-demand economy, consumers can order virtually anything with the simple touch of a finger and have it at their doorstep in a matter of hours, if not sooner. Not only do consumers want this, they expect it. And they don’t want to pay exorbitant,…

How DSW is Getting Omnichannel Right
May 22, 2017 at 9:35 am

In episode 93 of Total Retail Talks, Brian Seewald, vice president, digital, DSW, discusses the footwear retailer's top ranking in Total Retail's inaugural Top 100 Omnichannel Retailers report. Seewald discusses how DSW is bringing digital into its brick-and-mortar stores, as well as the technologies underpinning the retailer's omnichannel efforts, from inventory management to product returns and more.