A new study from Market Force has found that certain retailers are attracting more first-time customers. The top five include Khol’s, Macy’s, H&M, Abercrombie & Fitch, and Forever 21, according to an article on Retail Customer Experience.
In his keynote session address, “A Job to Do: Retail’s Role in an American Renewal,” Simon will make the case that today more than ever, the industry’s leadership is needed on critical issues such as the U.S. (and by extension the global) economy and job creation.
The weekend before Christmas ranked as the busiest shopping period in December by in-store visits to top retailers, with Super Saturday ranking among the three busiest shopping days for Walmart, Target, Toys ‘R’ Us, Macy’s and Kohl’s, according to Placed.
Apple Inc. operates the most successful retail stores by a significant margin, according to RetailSails, a retail and consumer goods consulting firm. Apple stores averaged $6,050 per sq. ft. in the past 12 months, double those of Tiffany & Co., which ranked second, generating sales of $3,017 per sq. ft.
Over the last year, Walgreens has been innovating through its store formats, matching product and merchandising often unexpected from a drug store chain to local demographics and store locations.
Many retailers would rather hire a 50-year-old who they think has more of a work ethic than hire a 20-something Millennial. The Millennial Generation (those generally born 1981 through the mid-1990′s) were raised by Boomer parents who came down to school and fought their battles for them thus shielding them from the reality of consequences.
The second half of the year will be make-or-break for both ends of the retail spectrum. Can retailers in the bottom five rebuild for a dramatic turnaround to make 2012 a success? Can those in the top five maintain a lead? While several retailers have been missing expectations, others have been outperforming the market.
Survey results released Wednesday by CompTIA, the non-profit association for the IT industry, found that innovations in information technology continue to transform the retail sector, with digital signage, payment processing, customer engagement and other solutions playing increasingly important functions.
A report released Tuesday by commercial real estate firm C.B. Richard Ellis said that 59% of U.S. retailers plan to open more stores due to the attractive rental rates available in the current market environment.
So, summer is coming to an end on several levels for retailers. How did they perform and position themselves heading into the final quarter of 2010?