Umbrella Retail

Umbrella 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 happen if you laid a cross section view of your retail company over that of an umbrella?  At the top…

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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.  EBR and BI has only been evolutionary for the retail industry, it has been less revolutionary.  I have found that there are 6…

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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 I gather it from? Who do I send responsibility to, if not myself? If I am the right…

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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 opportunity, engage with it, and direct ourselves on where to go from there. Sports teams encompass these techniques, while enduring…

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Are you really ready for OmniChannel?

If a retailer is only now taking steps to get on the OmniChannel train, they might feel a bit overwhelmed. Almost like being thrown into the pool without knowing how to swim. It seems as though even if you are already an OmniChannel retailer, you aren’t really ready to handle it and only joined the…

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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 voice-mail and email; usually behind on both of them. One of the many challenges faced by district and regional managers is not only do…

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The 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 beautiful image of profit.  But what happens when a piece falls out or gets lost?  Who notices it first?  How…

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Know 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 mined here goes above and beyond sales and customers.  Now for the sake of this…

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Thought Challenge

Today more than ever Loss Prevention is less about Loss Prevention and more about being fully integrated into the entire business. For example, how many times have you been involved in initiates that are not specific to driving down shrink but really about driving profitability to the organization? It is happening more than we realize…

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Retail, 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, and there were retailers there accounting for almost every type of retailer, and from just about every place on our globe….

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Missing 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. Whether you are in the grocery, apparel, hardware, auto parts, or any customer facing retail business, lost sales…

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