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Communicating Shrink into Increased Same Store Sales
Every year, loss prevention conferences like NRF LP give retailers a chance to come together and share their thoughts on the latest Loss Prevention/Asset Protection (LP/AP) topics. The recent NRF LP,...
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In Retail Hindsight is 50/50, not 20/20
You can get so confused that you’ll start in to race down long wiggled roads at a break-necking pace and grind on for miles across weirdish wild space, headed, I fear, toward a most useless place. The...
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Can You Limit Your Company’s Exposure to Organized Retail Crime?
Organized Retail Crime (ORC) is part of both an internal and external assault on retailers. The power of ORC comes from being more aware of the retailers operational weaknesses. ORC doesn’t just...
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Tracking the Use of RFID – part 1: Where in the world is RFID?
Who’s heard anything about RFID lately? I know I haven’t. And it appears Google hasn’t either. A quick Google search turns up a dozen articles on all the promises and problems RFID brought with it on...
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Tracking the Use of RFID – part 2: Four common issues and what to do about them
Following our previous blog on RFID, we’ll dig a little deeper into four issues retailers may encounter once they’ve invested in RFID, and what they can do to resolve them. Tagging Process Issues...
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Retail is TEEMING with ‘Decision Makers’
Retail is a People Business both in terms of dealing with customers and the volume of people interacting with the business, internally and externally. Perhaps no other business has so many individuals...
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Scooter, Honda, BMW…Shopping for Profit Amplification (Part 1)
There’s nothing quite like shopping for your first car. Armed with a nominal budget and wits, you set about searching for the perfect automobile that would carry you into the future and unlock all the...
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Scooter, Honda, BMW… Shopping for Profit Amplification (Part 2)
Race-car performance or daily driver practicality So maybe the BMW is a faster, more reliable package…But what about user friendliness? Manageability? Is it a daily driver or just a race-car? Just as...
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Closing the Gap between Retail Store Manager Capabilities and Management...
As part of NRF Stores’ Knowledge Series they ran a webcast about seamless operations titled Closing the Gap between Retailer Capabilities and Customer Expectations, which made me think there is another...
View ArticleMissing a Sale Right Under Your Nose
It’s the Last Three Feet of the Supply Chain that Counts Most From the consumer’s perspective there are few things more irritating than making a trip to a store and finding the item is out of stock....
View ArticleRetail, Retold
Our company just came back from NRF 2014’s The Big Show. And it was everything you would imagine it to be. There were companies selling technology and services for literally every facet of retail,...
View ArticleKnow Your RRA (Revenue Reducing Activities)
Making sense of Big Data in Retail - Point of Sale Big Data is a good thing. Big Data in retail is a greater thing. And Big Data in retail POS is the greatest thing. Seriously, the data that can be...
View ArticleThe Retail Puzzle
Retail can be viewed as one giant puzzle, consisting of thousands of pieces, one for each entity that makes up the organization. When all of the pieces are in their correct location it forms a...
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Call Me ‘Confused’
Does anyone in retail today have ‘spare time’ on their hands? It seems that even supervisory positions are traveling more, covering larger territories, wearing more and more hats, and living on...
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Hey IT – Think you want to make your own Profitect? Lets Give it a shot
I love retail and I can’t live without technology! So when the time came to chose a career path, I decided to go for the best of both worlds. Over the years I built experience spanning IT, retail...
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How Well Does YOUR TEAM Execute?
If you’re on a sports team the way you execute your play is a major factor in winning or losing. Multiple variables must work together to create a smooth running, successful system. We see an...
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Identify, Resolve, Measure
What are the questions that retailers are asking when it comes to analyzing the vast amounts of data, and finding true insights from it? “What do I look for? What information do I gather, and where do...
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Delivering ROI with BI and EBR
Data analysis and reporting has become an important part of retail. Most retailers use some form of Business Intelligence (BI) or Exception Based Reporting (EBR) as their “go to” tools for analysis....
View ArticleUmbrella Retail
The Relationship of an ‘umbrella’ to today’s retail company… Have you ever stopped and looked up at your umbrella when it’s raining. All of the moving parts it takes to keep you dry. What would...
View ArticleBig Data is Ripe for Disruption
Big Data is seen as an asset, a weapon that can be wielded for disruptive advantage, and yet one of the biggest challenges to unlocking its potential is the lack of available tools, and even more...
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