News

Havertys sees what’s coming
When you know what’s coming your way, it’s much easier to make successful plans.

For this reason, furniture retailer Havertys will deploy the GT Nexus collaborative supply chain management platform to improve supplier and inventory visibility. This, in turn, will allow Havertys to automate procurement processes, including purchase order management, three-way matching and invoice settlement.
Target outlines 8 new sustainability goals
Amid a slew of news from Target headquarters on Monday, the retailer also announced that, as part of the White House’s climate pledge, it would be working toward eight new sustainability commitments.

Study: The most likely time for online fraud is…

Online fraudsters apparently do not keep nine-to-five hours.

According to a new study from fraud detection technology provider Sift Science, “The United States of Fraud,” online transactions conducted at 3 a.m. are most likely to be fraudulent.

The high likelihood of fraud at 3 a.m. occurs across all time zones. Also, fraudsters are more likely to transact during the weekdays.
Report: Co-founder of Warby Parker has a new venture capital fund

Andrew Hunt, the co-founder of the hot eyewear retailer Warby Parker, has raised $138.3 million for a new venture capital firm, reports Boston Business Journal. The Boston-based firm is called Elephant Partners and is reportedly focused on consumer Internet, mobile and software. (Boston Business Journal)
Target plans social Halloween
Infographic: Mobile is everywhere

Mobile devices are becoming the norm for every facet of consumers’ lives, including shopping.

According to a new infographic from membership-based retailer DirectBuy, 29% of U.S. adults describe their smartphone as something they can’t live without, 44% sleep with a smartphone by their bed to avoid missing notifications, and 67% check smartphones for notifications even without receiving some type of notification.
Shoppers not spending, shifting online

Consumers’ intentions often differ materially from their behavior and retailers better hope that is the case this year or it won’t be a happy holiday, according to the latest consumer research from the National Retail Federation.
Amazon fulfillment network far ahead of other retailers

Keeping track of Amazon's constantly expanding network of facilities is tough, but one count puts the retailer at having 173 supply chain centers across the globe.
What it Takes to Build a Modern Retail Organization

Most retailers recognize the importance of combining the best of digital technologies and physical stores to profitably create a seamless and consistent customer experience across channels. There’s a good reason for this. Their most valuable customers are engaging with them across all channels: store, mobile, social and online. Some retailers find that these omnichannel customers spend two times to five times more than customers who buy in only one channel.
The hipster hardware store that has Home Depot scared

An Austin, Tex.-based hardware store has the big boxes taking notice.

Who else has a Container zStore founder, an exclusive deal with Tesla, and fans who like its earth-friendly mission to be the Whole Foods of the DIY set.

Read more about TreeHouse by clicking here.