It’s definitely a correction for retailers as well as restaurants, a direct result of consumers not having as much to spend on the extras. The strategy has to be to reduce your costs to offset less traffic. Usually that means less rent, shrinking retail and restaurants…
In 2010, Sainsbury’s efforts to support Fairtrade brought in over $3 million in investments to the Fairtrade Foundation. This money has been used to improve the quality of life for workers living in impoverish countries…
Watch for a wave of experimentation from brands seeking to tap new opportunities to extend their message and create a new channel for everything from coupons and loyalty rewards to education and entertainment.
Google Wallet; schemes led by the credit card giants such as Visa; and separate programs by PayPal and others. Now the retailers, too, want a say, and about 25 stores, including Walmart and Target, have formed a consortium to develop their own m-payment system.
Prepaid cards have become the latest retail tool to keep consumers hooked to brands. They offer convenience and safety, because customers don’t have to carry cash, and they often come with a variety of offers, including discounts….
Clothing retailers scored only 2.69 per cent, supermarkets polled 6.10 per cent, local convenience stores received 6.48 per cent backing from consumers, while department stores got the highest score of any retail business type with 9.72 per cent left satisfied.
The chain’s 2011 online sales amounted to less than 2 percent of its $264 billion in U.S. revenue…Wal-Mart is trying to improve links between its store inventory, website, and mobile phone apps so that more customers can order online and pick up their purchases at stores, which half of Web customers do already.
©2007-2022 Retail News Update | Powered by WordPress with Easel | Subscribe: RSS | Back to Top ↑
