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3 Truths About Outsourced Manufacturing Every Business Should Know
March 21, 2019 at 11:53 am

Before manufacturing took over the world, businesses made every product by hand with an immaculate attention to detail. Today, companies blame their own manufacturers and suppliers for poor quality control, however, in many cases their own short-sightedness is the true culprit. The rise in entrepreneurship in the U.S. has led to the birth of some…

DSW Changes Name to Designer Brands, Plans to Increase Exclusive Product Line
March 20, 2019 at 12:23 pm

DSW Inc. announced at an investor event yesterday that it's changing its name to Designer Brands and will increase its own exclusive product lines, reports MarketWatch. Designer Brands will operate DSW Designer Shoe Warehouse, The Shoe Company and Shoe Warehouse brands, and will produce items under the Camuto Group, which it purchased in November. The announcement…

Returns Rise, Lead to Sales Opportunities
March 15, 2019 at 10:31 am

A survey by the National Retail Federation in 2018 showed that retailers reported a median return rate of 10 percent. This equates to $369 billion in sales that were made and then lost. Legitimate returns are expensive for retailers — labor, overhead, and opportunity costs all impact performance. Added to these necessary returns, return fraud…

Walmart to Release Private-Label Tablet
March 14, 2019 at 12:27 pm

Walmart is making its own tablet in a move that would pit it against other tech giants and retailers such as Apple and Amazon.com. The world’s largest retailer plans to introduce an inexpensive, kid-friendly tablet computer under its ONN store brand, part of a broader redesign of its electronics department, according to a report on Bloomberg.com. Walmart’s ONN…

Applying the Netflix Customer Experience to Retail
March 12, 2019 at 10:07 am

When historians look to this century, there will be quite a few companies that stand out. Tesla is one, as are Uber and Airbnb. However, the three consumer platforms that will truly be seen as forward thinking and disrupting “business as usual” are Spotify, Netflix and Instagram. All three of these platforms have dramatically changed…

Delayed Tariff Increase on Chinese Goods a Relief to Retailers
February 25, 2019 at 3:05 pm

The United States is planning to delay additional tariffs on Chinese goods that were scheduled to begin on March 1, President Donald Trump announced on Sunday. In a series of posts on Twitter, Trump cited "substantial progress" in bilateral talks between the U.S. and China. As a result, the president said he would suspend the…

Barneys New York to Launch Cannabis Store in California
February 13, 2019 at 2:29 pm

Barneys New York is launching a cannabis shop in California called The High End, reports Forbes. The "cannabis lifestyle" store will open in March inside an existing Barneys Beverly Hills location. More cannabis stores are expected to appear in Barneys locations across California. The Beverly Hills store will feature an exclusive partnership with luxury cannabis…

How Brands Can Weather the Heat of the Latest Trade War Developments
February 13, 2019 at 12:24 pm

The government may be back in session, but the trade war with China is continuing to disrupt the economy in 2019. Businesses that seek growth in times of turmoil will face steep challenges this year and beyond. Increased customs fees and longer processing times have thrust most companies into unfamiliar territory. Without experience in international…

How 7 NBA Teams Optimized Retail Sales of Their ‘City Edition’ Jerseys
February 1, 2019 at 11:58 am

Seven National Basketball Association (NBA) teams recently partnered with Rank + Rally, a company that has curated on-site pop-up fan experience shops and custom retail strategies for professional sports league teams, for the release of their City Edition jerseys. In this interview with Catherine Cronin, president of Rank + Rally, she discusses the the company's…

Help Your Product Stand Out Among the Crowd
February 1, 2019 at 10:00 am

It's not easy to stand out from the crowd. This is especially true in today’s retail environment. If you're selling a product that goes on the shelves of a store you do not own, how well that product stands out from the crowd will oftentimes determine how well it sells. Each time a person walks…

How the Postal Treaty Withdrawal Impacts Retailers
January 31, 2019 at 11:03 am

When shopping large online retailers, such as Amazon.com or eBay, it's impossible not to notice the seemingly impossible low cost of many China-sourced products. In fact, upon further inspection, it's often the case that all these extremely low-priced items even include free shipping. This begs the question: How can China afford to ship products to…

Walmart Partners With Fanatics to Sell Sports Merchandise on its Site
January 30, 2019 at 11:53 am

Walmart has partnered with sports apparel marketplace Fanatics to sell NFL jerseys, NBA T-shirts and other sports-related merchandise on Walmart.com. The long-term partnership will make thousands of items from Fanatics available on Walmart.com, including merchandise from brands like Nike and New Era. That includes licensed apparel, jerseys, hats and tailgating goods. Fanatics will now be the exclusive…

A 2019 Forecast for the CPG Industry
January 11, 2019 at 11:54 am

The start of a new year brings with it consumer packaged goods (CPG) industry trends, as well as the continuation of several 2018 developments. With e-commerce, we’ve started to see brands typically available exclusively online, like meal kit services, begin to move selectively into brick-and-mortar spaces or partner with established retailers to grow the reach…

J.C. Penney to Close More Stores Amidst Slowing Sales
January 10, 2019 at 2:53 pm

J. C. Penney announced  on Tuesday that it plans to close three stores by the spring as part of an ongoing evaluation of its performance. The retailer didn't report which stores it planned to close, but said it's currently assessing locations that "may not meet required financial targets or represent a market opportunity to capitalize…

5 Tips for Choosing the Right Promotions for Your Direct Mail Campaign
January 10, 2019 at 12:21 pm

Have you ever found yourself stuck when designing a direct mail campaign because you're not sure what offer or promotion to include? You're not alone; we've all been there. The promotion you choose should ultimately depend on what you're trying to achieve — e.g., increased sales, lead generation, awareness, etc. It should also reflect the…

5 Ways to Improve Your Inventory Management
January 8, 2019 at 10:42 am

Like most other retail leaders, I know that inventory management matters. I knew that even before I started my business or had any experience in the industry. It’s just an obvious necessity for managing a retail business. However, I didn’t truly understand the supreme importance of the practice and the ramifications it could have across…

Lowe's to Hire 65,000 New Employees in 2019
January 7, 2019 at 1:39 pm

Lowe's said last week that it plans to hire more than 65,000 associates this year to improve customer service and product availability. Roles are focused on enhancing customer service and include seasonal associate, merchandising support, store leadership and technology careers. According to a press release from the company, Lowe's hiring investments include: More than 50,000 seasonal…