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Bill Bittner's RetailWire Blog
March 8, 2010
There are a lot of things to consider here, everything from the different seasonal and demographic issues to in-store execution, and of course there is the consumer. With all manufacturers trying to hit the same time window, you are only going to increase the paranoia the other manufacturers have ...
March 5, 2010
There are a bunch of areas retailers must evaluate in this slow economy. As "would be" consumers walk the store aisles, there is no doubt that some are going to be motivated to attempt to steal something. Staff members are pushed to try their own methods of stealing. ...
March 3, 2010
I have to agree with the retail analyst who regards the Macy's decision as short sighted. Retail stores have to do all they can to differentiate themselves from their Internet competitors. Even Amazon offers gift wrapping, although not for large screen TVs. The more service they give ...
March 2, 2010
There is an interesting irony in all this; as consumers become more able to reach manufacturers directly, there are fewer people needed to maintain the pipeline. This leads to fewer people earning money which then leads to fewer people able to afford the goods produced by the manufacturers. It ...
March 1, 2010
Forecasting applications can be put into three categories: the historical simulation method uses past performance, the variance-covariance method attaches the series of interest to some other variable, and the Monte Carlo or stochastic simulation method uses probabilities and random number generators to generate a range of possible outcomes. All ...
February 19, 2010
This makes sense from a lot of perspectives. Next thing Sears will do is make the Auto Centers "order online and pickup in-store" locations.As more retail moves to the Internet, retail businesses need to do more to emphasize their customer service. You can't (yet) have your car serviced ...
February 11, 2010
There is an interesting dynamic going on that Brick and Mortar retailers must face up to or they're going to lose out completely. More often, the Brick and Mortar retailer is being bypassed by the Internet. Amazon's results have shown this clearly and other online merchants are doing ...
February 5, 2010
At the same time Dollar General is looking forward to a strong 2010, JP Morgan has downgraded their expectations for Dollar Tree sighting the loss of momentum from macro economic factors. Two factors have made the dollar store format successful recently. On one hand, manufacturers were caught with ...
February 4, 2010
The Internet offers businesses a huge opportunity to cut their overhead by cooperating with one another. Take the maintenance of a product master for point of sale. If a group of businesses collaborated to share item descriptions, sales tax and deposit codes, product dimensions and weights, etc, it ...
February 3, 2010
After reviewing their 10Q for the period ending December 31, 2009 verses 2008, it appears that most of the improvement came from cost reductions. I don't know how many customers may have suggested ways for them to save money. The largest savings appears to have come from reducing ...
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