Data & Analytics

Establishing an Internet of Things (IoT) technology strategy may not be easy, but can offer substantial rewards to retailers who overcome the inevitable challenges.

“There is a vast opportunity to use IoT technology to connect retailers with their assets and consumers,” said Michael Colaneri, VP of sales for restaurant, retail and CPG, AT&T, during an interview with Chain Store Age. “But it requires business process re-engineering to connect multiple edgepoints.”

Whole Foods is trying to get its groove back, but after reporting weak fourth quarter results it is not clear when that will be as the company expressed concern about the competitive climate and the impact on its profit margins.

Apps currently dominate the mobile payment space, but that may not be a permanent situation.

According to a new infographic from mobile engagement provider Mobiquity Inc., the industry is on its way to a ‘no-app’ payment landscape. Mobiquity predicts that operating systems, rather than applications, will define the future of mobile payments.

The infographic lists several data points suggesting consumers and retailers do not find mobile payment convenient. These include:

Saks Fifth Avenue’s holiday windows are an annual tradition in Manhattan, and the retailer keeps upping the ante.

Saks will unveil its windows on Nov. 23, and the display promise to light up the night. The retailer will transform its windows with a “Winter Place” theme, complete with a state-of-the-art light show featuring three-dimensional elements on the front facade of the iconic store, including towering light icicles, crystal palace spires, and snowy magnolia arches.

For retailers, a diligent and detailed vetting of applicants — including employment verifications, thorough interviews and comprehensive background checks — should be a standard part of any responsible hiring and candidate review process. At the best of times, this process can be a complex and time-consuming endeavor. When retailers are looking to hire temporary or part-time seasonal help, especially for the holidays, the degree of difficulty goes up significantly.

Target is taking steps to right-size its portfolio by closing 13 money-losing stores on Jan. 30, according to a report from the Minneapolis St. Paul Business Journal. The decision to close a Target store is not made lightly,” spokesperson Kristy Welker told the publication. “We typically decide to close a store after careful consideration of the long-term financial performance of a particular location.

Amazon’s first permanent physical store has opened in its hometown of Seattle and guess what? It looks a lot like the bookstores whose demise it facilitated.

In a letter to customers, the retailer announced the opening of the store located at 4601 26th Avenue NE in Seattle’s University Village on Tuesday, Nov. 3.