Business Analytics

Tailored Brands, formerly Men’s Wearhouse, vowed more changes after its Jos. A Bank division logged a 31.9% decline in same-store sales.

When it comes to systems infrastructure, retailers are moving in a particular direction.

According to a new study from IHL Group, “Total Retail SaaS Market,” 26% of all retail spending on software in 2016 in North America will be cloud-based. This includes 60% of retailers’ e-commerce spend and 53% of their BI/analytics and sales/marketing software spend will be on cloud-based systems.

Toys“R”Us has promoted its senior vice president of store operations to a global leadership role.

More than 200 O’Reilly Automotive stores are expected to open in 2016 after the nation’s third largest auto parts retailer logged strong fourth quarter results and its 23rd consecutive year of same-store sales growth.

With its share price in free fall after badly missing analysts’ fourth quarter profit estimate, Amazon.com has decided to spend billions buying back its own shares.

Amazon.com disclosed in a filing with the Securities and Exchange Commission that it named a new board member and its board authorized the company to repurchase up to $5 billion worth of the company’s common stock. The new authorization replaces an existing $2 billion authorization that was approved in 2010, of which only $1.237 had been expended.

Surpassing $3 billion in annual sales last year was a big deal for Skechers and now CEO Robert Greenberg is banking on the addition of more than 300 new stores to help the company set another sales record in 2016.

Skechers plans to open between 330 and 340 stores this year, projecting it will have a year-end total of 1,650 locations, of which 575 will be company owned. The accelerated pace of expansion is easy to understand given the powerful contribution the company’s physical footprint had on its fourth quarter and full year sales and profit performance.

New York -- Brixmor Property Group announced today that it has named Daniel Hurwitz, former CEO of DDR Corp. and the founder and CEO of Raider Hill Advisors as Interim CEO, effective immediately. Hurwitz will also be appointed to serve on the company's board of directors.

The company also announced that CEO Michael Carroll, president and CFO Michael Pappagallo, and chief accounting officer Steven Splain, along with an accounting employee, have resigned, effective immediately. Carroll has also stepped down from the company's board of directors.

A high single digit decline in retail traffic in November and early December caused retailers to cut orders of HanesBrands products, but not enough to keep the leading apparel suppliers from posting impressive profit growth and its third consecutive year of record sales.

HanesBrand’s fourth quarter sales woes highlight the weather related difficulties experienced by retailers, the negative effect on traffic and the subsequent margin pressure that was created as retailers had to intensify promotional activity to move merchandise.

A digital consumer touch-point long thought to offer little in the way of “hard” ROI appears to be changing that trend.

According to a study of aggregated, anonymized U.S. traffic and revenue data from Kibo (the new company created from the merger of MarketLive, Shopatron and Fiverun), there was a 138% increase in total social revenue during 2015 compared to 2014.