Data & Analytics

It’s not just how much traffic a store gets. It’s what the store does with the traffic that matters. Chain Store Age will present a webinar on how retailers can increase sales even when challenged with lower store traffic.   Store traffic analytics expert Mark Ryski will draw on real-world, data-rich examples as he provides critical information on how retailers can drive significantly better retail performance for the holiday season and beyond—despite persistent ‘traffic trouble’.  

Staples has chosen a company veteran as its new CEO.   The retailer on Monday named Shira Goodman as its president and CEO and as a member of its board of directors, effective immediately.  Goodman, who has been been with Staples 24 years, has been serving as interim CEO since May when she took over for Ron Sargent, who resigned in the wake of the company’s failed attempt to acquire rival Office Deport.    

Half of all American households might have an Amazon Prime membership by the end of this year.

Cowen and Company analyst John Blackledge estimates that approximately 44% of U.S. households are Prime members, and that  penetration could accelerate to 50% by the end of the year, according to a report by CNBC.   

Prime has maintained healthy growth largely due to [its] increasing value proposition," Blackledge said. 

The nation’s premier luxury department store retailer posted declines in profit and revenue for fiscal 2016.   For the full year, Neiman Marcus Group posted a $406.11 million loss, compared to an income of $14.95 million in 2015.   For the fourth quarter, the retailer posted a loss of  $407.25, compared to a loss of $32.88 million in the year-ago period.   

Las Vegas’s first major sports franchise, the National Hockey League’s Black Knights, will build a practice facility in the Summerlin master-plan community west of the Strip.  

That was fast.   Jason Goldberger, the recently promoted chief digital officer of Target Corp., has left the company, effective immediatedly. No reason was given for his departure.    Goldberger's responsibilities will be split, with Target CIO Mike McNamara overseeing the website and digital operations, and chief merchandising officer Mike Tritton taking on pricing and promotions.  

Accruent, a leading global provider of real estate, facilities and asset management solutions, has acquired Verisae, a provider of cloud-based solutions that connect facilities and assets to the maintenance and service network through the Internet of Things (IoT).