Retail

Value priced teen retailer Five Below is making a big splash in the Sunshine State this month with the opening of nine stores there as the company continues to expand across the country.

Sacramento, Calif. - Raley’s Supermarkets is relaunching its e-commerce offering using technology from Unata. Raley’s will leverage Unata capabilities to deliver functionality including one-to-one experiences across all e-commerce elements from homepage to search.

In addition, product updates will enhance the click and collect functionality, which allows Raley’s customers to pick up items they ordered online in-store.  

Things are looking up for yogawear retailer Lululemon Athletica Inc., which reported a large increase in revenue from online sales in the first quarter.

Washington, D.C. - Import cargo volume at the nation’s major retail container ports has returned to normal levels following ratification of a new West Coast labor agreement, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.

Amazon.com is going big in Texas with the announcement of the construction of yet another fulfillment center in Dallas. 

The new 500,000 square-foot facility, which is currently under construction, will be located at the northeast corner of Interstate 45 and Interstate 20 in Dallas and will bring about 500 new jobs to the area when the facility opens early in 2016.

Employees at the Dallas fulfillment center will process smaller items, such as books, electronics and consumer goods, Amazon said Tuesday.

Franklin, Tenn. – Retailers lose $1.1 trillion worldwide due to inventory distortion. According to new research from IHL Group, by fixing problems such as out-of-stocks and excess inventory from overstocks, retailers could improve their revenues by 7.5%.

The combined cost of poor merchandise planning alone equals $452 billion. Inventory distortion costs retailers nearly $158 for every person on the planet, and $252.2 billion annually in North America. The Asia/Pacific region contributes 39% of all inventory distortion.

As newer and more improved technologies continue to create an overwhelming amount data, the ability to manage this data efficiently and cost effectively is no longer an option; it’s an absolute necessity. But big data is still causing major headaches for organizations that don’t have a plan in place.