Management

Total Retail Releases its Top 50 Tips of 2023 Report
December 14, 2023 at 4:57 pm

Challenging economic and labor markets combined with evolving consumer behaviors have required many retailers and brands to adjust their ways of doing business. However, times of uncertainty and disruption present an opportunity for companies to rise above the competition, increase market share, and win their customers’ loyalty. To accomplish this goal, retail organizations need to…

Top 50 Tips of 2023
December 14, 2023

Insights That Will Help Your Business Maximize Sales and Profits

Creating Optimal Schedules for the Holiday Season
November 28, 2023 at 5:37 pm

Accurate demand forecasting is crucial for retailers year-round, but especially so during the holidays, when they experience significant surges in demand. These surges can potentially disrupt processes across the business, from inventory to labor operations. Without proper preparation, those disruptions can impact the customer experience, jeopardizing business results during one of the most critical periods…

Report: Black Friday Retail Sales Up Year-Over-Year
November 27, 2023 at 4:24 pm

According to the most recent Mastercard SpendingPulse report, which measures in-store and online retail sales across all forms of payment, U.S. retail sales on Black Friday (Nov. 24) were up more than 2.5 percent year-over-year (YoY) excluding automotive, not adjusted for inflation. Key trends included from the Black Friday shopping data include the following: E-commerce sales were strong: E-commerce…

Kohl's Won't Replace Exiting COO Dave Alves, Lowers Outlook
November 21, 2023 at 4:16 pm

Kohl's on Tuesday lowered the top end of its annual sales forecast and said it would be aggressive with promotions in the crucial holiday season as cost-conscious shoppers spend less at its department stores, reports Reuters. Kohl's now expects annual sales to fall between 2.8 percent and 4 percent, against its previous projection for a 2 percent…

Report: Thanksgiving Week Spending to Increase 13%
November 20, 2023 at 3:56 pm

Consumer holiday spending during the Thanksgiving week is expected to reach new highs as consumers look to make the most of festive deals, according to Deloitte's recently released 2023 Black Friday Cyber Monday Survey. Key findings from the annual survey include: Black Friday-Cyber Monday shopping is back. Spending during the Thanksgiving week period is expected to be…

The New Bed Bath & Beyond CEO Exits the Company
November 6, 2023 at 1:55 pm

The new Bed Bath & Beyond announced Monday its CEO, Jonathan Johnson, is immediately stepping down from his position just days after activist hedge fund JAT Capital called for his ouster. JAT Capital, which has a 9.6 percent stake in the company, sent a letter to the board dated Thursday that blamed Johnson for the company’s poor financial performance…

Retail CFOs: Do You Know Your True Technology Costs?
October 18, 2023 at 12:49 pm

Many CFOs don't have a firm grasp on how to budget for technology costs in a rapidly advancing ecosystem since, traditionally, finance and technology have operated in silos. This has got to change if CFOs are going to be able to budget for the true costs of technology. To glean some insights on how this…

Panel: Revenue Diversification and the Technology That's Driving it | Total Retail Tech 2023
October 11, 2023 at 1:27 pm

This video features a panel discussing revenue diversification from Total Retail Tech 2023 in Denver. Speakers include Sravanthi Muppidi, head of engineering, Albertsons Media Collective; Nada Shepherd, co-founder and CEO, ReSuit; Brendan Witcher, vice president, principal analyst, Forrester; and Christine Russo, founder, Retail Creative and Consulting Agency (RCCA). The challenges retailers have experienced in recent years have…

GameStop Names Ryan Cohen CEO, Won't Receive Salary
September 28, 2023 at 1:13 pm

GameStop announced Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman and president effective immediately — and he won’t be collecting a salary. GameStop’s board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as the retailer’s top executive on Wednesday. Cohen had previously held the title…