Unified Grocers is "bullish" about mining sales data from its members to help it drive the top line, according to Sue Klug, executive vice president and chief marketing officer.
Retailers worldwide lose a staggering $1.75tr annually due to the cost of overstocks, out-of-stocks and needless returns, according to research released from retail analyst firm IHL Group, commissioned by OrderDynamics, a Big Data prescriptive analytics software company.
Through 2020, consumers in the interior regions of Brazil are expected to account for more than 45 percent of growth in the retail sector, or $60bn in new purchases. Yet few of the country's retailers are prepared to capitalize on this growth opportunity, largely because they've focused their efforts almost exclusively on Brazil's highly populated coastal cities, according to a report by The Boston Consulting Group and its Center for Consumer and Customer Insight entitled Capturing Retail Growth in Brazil's Rising Interior.
For the past decade, Mexico has been making quiet - but steady - economic progress. Overcoming a history of financial turbulence, the country has generated modest growth, maintained fiscal stability, and quickly recovered from the 2008-2009 global financial crisis. Mexico's gains, however, have yet to translate into the surge of consumer spending witnessed in several other big emerging markets. Indeed, despite an improving economy, roughly half of the Mexican households recently surveyed said that they plan to tighten their belts in the near future.
International trade supports millions of American jobs and is essential to the U.S. economy, the National Retail Federation says in a report that provides a state-by-state breakdown of the benefits of trade. According to NRF, trade supports nearly seven million retail jobs and benefits American businesses, families and workers.
While the economy recovered and retailers grew more optimistic, 2014 was "the year of the POS breach," with many highly publicized attacks compromising millions of personal records. As a result, some of the largest and most popular retail brands were severely damaged.
The 2014 retail landscape could be characterized as bipolar, according to the 5th Annual State of the Retail Supply Chain Report from Auburn University and the Retail Industry Leaders Association.
Retailers and consumer goods manufacturers are spending an enormous amount of money, energy and time to improve their omnichannel sales capabilities, yet a JDA report reveals an unexpected and disturbing fact: despite these significant investments, only 16 percent of companies say they can fulfill omnichannel demand profitably today. Retailers and consumer goods manufacturers are spending an enormous amount of money, energy and time to improve their omnichannel sales capabilities, yet a JDA report reveals an unexpected and disturbing fact: despite these significant investments, only 16 percent of companies say they can fulfill omnichannel demand profitably today.