Sales & Marketing

Consumers are increasingly using their mobile phones for one specific retail-related purpose.

According to the Deloitte 2015 Global Mobile Consumer Survey, the use of mobile devices to make in-store payments has nearly quadrupled in the past year. In-store mobile payments have increased from 5% of total in-store payments 2014 to 18% in 2015.

What kinds of searches, ads and content are consumers interacting with before and after a tech purchase?

While same-store sales at Dollar General and Dollar Tree have decelerated of late, that is not the case with Canada’s largest dollar store operator which recently opened its 1,000th location.

The CEO of Ollie’s Bargain Outlet says the company’s recent IPO contributed to another strong quarter of merchandise margin and sales growth.

For the third quarter ended Oct. 31, the value retailer said same store sales increased 3.2%. Total net sales increased 16.4% to $174.6 million. Net income increased 39.4% to $6.8 million, or $0.11 per diluted share.

Executives from Staples and virtual reality firm Magic Leap have joined the strategic advisory board of leading online handbags, luggage and backpacks retailer eBags.

Mike Edwards, eBags president and CEO, said Faisal Masud, executive VP of global e-commerce at Staples, and Scott Henry, CFO at Magic Leap, would bring a wealth of wealth of entrepreneurial and operational experience and an understanding of what it takes to excel in a fast-paced technology to eBags as the newest members of the board.

In-store analytics solutions continue to gain momentum as retailers analyze a variety of store performance measures such as shopper activity maps, display effectiveness, and customer dwell time. These analytics have provided incredible insight for corporate and store management.

Women’s lifestyle brand and retailer Vera Bradley is the latest company to feel the negative sales effects of weaning shoppers off promotions, but the strategic shift has done wonders for the company’s bottom line.

When it comes to promoting high-end retail and product brands on social media, different platforms suit different companies.