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  • Retail Forecast 2016

    How will retailers fare in 2016? Very well, according to experienced market watchers.

    “We expect core retail sales to grow 5.3% in 2016,” says Scott Hoyt, senior director of consumer economics for Moody’s Analytics, a research firm based in West Chester, Pennsylvania. (Core retail sales exclude volatile revenues from auto sales and gas stations.)

    That is notably faster than the 4.2% rate anticipated when 2015 sales are finally tallied. The 2015 experience was, again, slightly better than that the 3.9% growth of 2014.

  • Future-ready retail and the role of technology, data and analytics

    I left Walmart to pursue what I saw as the future of retail. In my exit interview with Mike Duke (at that time president and CEO of Walmart International) he asked me what I meant by the future of retail. Having worked in the international division, Sam’s Club and Costco prior to that, the future I saw at the time revolved around leveraging data and managing technology to understand customers in a granular fashion and speaking to them directly as individuals with highly lifestyle relevant products and services.

  • Walmart keeps online payment options open

    Walmart may be planning to release its proprietary Walmart Pay mobile wallet application this year, but at least online is preparing for a varied digital payment landscape.

    Walmart will accept the MasterPass by MasterCard digital payments platform in 2016 for online purchases, including mobile commerce. The platform securely stores payment and shipping information, which is accessible when a consumer checks out using the “Buy with MasterPass” button and logs into their account from any connected device.

  • Drug store chain names CEO

    Pharmaca Integrative Pharmacy on Monday named Richard Willis as the company's president and CEO. He will also serve as a director of the company.

  • Consumer confidence ends year on high note

    Consumer confidence rose in December amid lower gas prices and a stronger job market.

    The index of consumer confidence rose to 96.5 in December from a revised 92.6 in November, the Conference Board said Tuesday. (The November reading originally was put at 90.4, the lowest level in more than a year.) Economists expected a rise to 93.6, according to Bloomberg.

  • Staples new digital tool to help small biz

    Staples is condensing its 30 years of business knowledge into a new performance tracking mobile app to help customers grow their business.

    Staples launched a new mobile app branded as Quick Wins to offer business-specific ideas, metrics and community support in one easy-to-access place. The retailer said its research showed that nearly three-fourths of small businesses want assistance getting their business metrics on track, yet 41% are not sure what business metrics they should focus on in order to ensure their success.

  • Casey’s app meets modern customer needs

    If you’re going to invest in the emerging area of mobile retail apps, you might as well build it around the latest consumer trends.

    Ankeny, Iowa-based convenience chain Casey’s General Stores Inc., which operates more than 1,900 stores in 14 Midwestern states, is releasing a new app that includes functionality for the growing consumer preference for prepared meals. The app allows Casey’s customers to order pizza, made-to-order sub sandwiches and appetizers.

  • C-store company adds 62 stores

    Circle K Stores Inc., a division of Alimentation Couche-Tard, has purchased 62 convenience stores in nine states from Dallas-based Greatstone Equities Inc., according to the Greater Baton Rouge Business Report.

    The deal includes locations in Arizona, California, Florida, Louisiana, Nevada, New Mexico, North Carolina, Texas and Washington, the report said.

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