News

Market Track compared retail circular advertising in March 2016 vs. March 2015 and noted trends occurring across top retail chains.

Lowe’s Home Improvement had denser March print circulars with twice the ads per page and nearly 80 additional ads per drop. Lowe’s shifted the Spring Black Friday sale to the 3/31 drop; up from first week of May 2015.

Home depot did not counter this shift through print, but promoted Spring Black Friday on their website.

Oracle is releasing latest version of its Micros Workstation POS hardware suite with an eye toward supporting a seamless customer experience.

Oracle Micros Workstation 6 hardware solutions are designed to serve as an aggregation point to deliver digital content to store associates and customers. As a result, the POS applications can help retailers provide in-store omnichannel features such as personalized promotions and transactions, clienteling, and “endless aisle” access to a full range of inventory.

By now, everyone has heard the adage “the store is the center of omnichannel” and seen the statistics showing that physical stores account for about 90% of retail sales. So clearly brick-and-mortar stores are as relevant as ever.

Well, yes and no. Brick-and-mortar stores can be relevant as ever, but only if they offer modern technological amenities expected by today’s customers. Here are three ways to make sure consumers see your stores as central to their omnichannel shopping activities.

Many retailers’ long-held assumptions about consumer loyalty programs are no longer accurate, according to a new study.

Maritz Motivation Solutions surveyed more than 2,000 consumers regarding their feelings about brand loyalty and engagement. The data showed that there are at least five myths when it comes to consumers and loyalty programs. “When evaluating your brand, consumers also are evaluating your loyalty program,” said Barry Kirk, VP Customer Loyalty Strategy for Maritz.

Kirk detailed the myths in a webinar this week:

Arby’s Restaurant Group has exceeded its own goal for energy reduction, and also cut its water consumption, for a combined energy-related savings of $20.4 million from 2011-2015.

The company announced that as of Dec. 31, 2015, it reached 15.2% total energy reduction per company-owned restaurant from a 2011 baseline, exceeding the “15 Percent By 2015” energy savings goal the company set for itself in 2012.

In addition, Arby’s achieved an 8.6% reduction in water consumption per company-owned restaurant from 2011-2015.

In what has been described as an historic rate reduction, the U.S. Postal Service (USPS) will roll back postage rates on April 10.

The reduction – the first stamp prices have fallen since 1919 – is prompted by the removal of the 4.3% exigent surcharge. It will apply to several mail classifications, including letters, large envelopes, flats, and postcards.

RCS Real Estate Advisors has begun the process of selling Hancock Fabrics' 185 leases to generate value for the estate.

The move, which comes following Hancocks' February bankruptcy announcement represents the next step in the recent retention of RCS by Hancock Fabrics, debtor-in-possession (DIP) that has been approved by the United States Bankruptcy Court for the District of Delaware.

By now, everyone has heard the adage “the store is the center of omnichannel” and seen the statistics showing that physical stores account for about 90% of retail sales. So clearly brick-and-mortar stores are as relevant as ever.
 
Well, yes and no. Brick-and-mortar stores can be relevant as ever, but only if they offer modern technological amenities expected by today’s customers. Here are three ways to make sure consumers see your stores as central to their omnichannel shopping activities.