Art Petty

OCTOBER 17, 2024

For the management of business-to-consumer (B2C) organizations, the retail or service location is, of course, the ultimate proving ground. The experience for the consumer—good or bad, reflects the organization's management systems from values, commitment to hiring, leadership development, and operations effectiveness.

System 52

System B2C Airlines Management 52

N2Growth Blog

JUNE 6, 2024

The Current Digital Landscape Today’s digital landscape is constantly changing, revolutionizing how businesses and industries operate. Extensive networks, data streams, and state-of-the-art digital technologies are increasingly becoming the foundation of modern operational strategies.

Disruptive Innovation 259

Disruptive Innovation Strategic Planning Supply Chain Contingency Plans 259

Strategy Driven

JULY 5, 2024

In today’s fast-paced world of apparel retail, fulfilling customer orders quickly and accurately is more crucial than ever. Challenges in Apparel Fulfillment Demand Variability: Apparel retailers often face unpredictable changes in demand due to fashion trends, seasons, and promotions.

Apparel 104

Apparel Supply Chain Innovation Retail 104

Strategy Driven

JUNE 7, 2021

If you have chosen to open a retail unit, you need to think about some of the following things. With a retail unit, location can be everything. Nowadays, there are many pieces of tech that every business needs to make sure that they have as part of their retail unit, even if it is a simple shop. Technology.

Retail 74

Retail Media Merchandising Technology 74

Harvard Business Review

JUNE 17, 2024

Major retailers are today, most notably Amazon, are creating and operating their own advertising platforms — and they’re making millions doing it. McKinsey estimates that by 2026, retail media will add $1.3 trillion to enterprise values in the U.S. alone, with profit margins between 50% and 70%.

Retail 27

Retail McKinsey Advertising Media 27

Strategy Driven

DECEMBER 28, 2022

To achieve perpetual growth and increase revenues, businesses need to work closely with all parties involved in fulfilling core business operations. This includes a business’s suppliers, logistics partners, warehousing, distribution, retailers, and end-users or customers. Understanding Supply Chain Management.

Supply Chain 99

Supply Chain Agility Management Operations 99

Let's Grow Leaders

SEPTEMBER 29, 2021

” I’m thinking about the handful of managers I had over the years who were the epitome of a jerk at work — the bullies who crush courage with their toxic leadership behaviors or who seem to be lacking a moral compass. In Courageous Cultures , I share a story of a well-intentioned manager who was coming across as a bully.

Video 439

Video Team Retail Influence 439

Strategy Driven

SEPTEMBER 9, 2024

Effective temperature management is essential for ensuring food safety, extending product shelf life, and maintaining high quality. Why Temperature Control Matters for Food Safety Temperature management is a cornerstone of food safety. Longer product shelf life means better quality for consumers and increased efficiency for businesses.

Industry 116

Industry Supply Chain Efficiency Energy 116

Rich Gee Group

NOVEMBER 11, 2024

In an era where brand loyalty was sacred, he made the seemingly crazy decision to open Amazon’s platform to competitors, allowing other retailers to sell directly on Amazon’s site. Still, Bezos saw what others didn’t: that the future of retail wasn’t in owning the product but in owning the customer relationship.

Leadership 195

Leadership Short-term Long-term Loyalty 195

Let's Grow Leaders

AUGUST 23, 2021

” I’m thinking about the handful of managers I had over the years who were the epitome of a jerk at work — the bullies who crush courage with their toxic leadership behaviors or who seem to be lacking a moral compass. In Courageous Cultures , I share a story of a well-intentioned manager who was coming across as a bully.

Team 601

Team Influence Retail Course 601

N2Growth Blog

MAY 16, 2024

Understanding the Concept of Succession Planning Succession planning is a critical aspect of organizational management. The first step is to identify the key roles within the organization that are essential for its smooth operation and determine the necessary competencies and skills for each role.

Planning 243

Planning Succession Morale Strategy 243

Mike Cardus

NOVEMBER 27, 2010

Design by 12GrainStudio Team Building & Leadership Process for a Retail Operation; New Product Launch Saturday, November 27th, 2010 Posted by: mike Team Building & Leadership process that was created for a retail organization that was preparing for a new product launch. All rights reserved. Powered by WordPress.

Team Building 103

Team Building Retail Process Operations 103

Jesse Lyn Stoner Blog

JUNE 6, 2017

As district manager of a large retail chain, she was responsible for ten stores. Her district was doing well, meeting sales goals and store operations were generally smooth. The problem was that her boss, the regional manager, was a micromanager. Marissa was frustrated.

Micromanagement 267

Micromanagement Retail Operations Goal 267

The Horizons Tracker

OCTOBER 17, 2024

based package delivery platform that handles last-mile deliveries between retailers and consumers. They discovered that when workers shifted from independent contractors to employees, their flexibility remained, while the company’s operational efficiency improved. The researchers examined the behavior of Deliv, a U.S.-based

Comparison 70

Comparison Operations Retail Business Model 70

Strategy Driven

JUNE 10, 2024

For small- and medium-sized enterprises (SMEs) that might be used to holding their operations from a brick-and-mortar store, adopting an omnichannel strategy may be particularly effective at propelling the business into the future by aligning with modern consumer expectations and using technology to strengthen competitive advantage.

Bottom-up 89

Bottom-up Operations Loyalty Retail 89

Strategy Driven

NOVEMBER 13, 2017

The retail industry is the practice of selling goods to the public for their direct use, not for resale. Many people dream of starting their own business in retail. Starting a successful retail business can be challenging, but like other challenges, it can also be very rewarding. What will you be selling? All rights reserved.

Retail 67

Retail Succession How To Audience 67

Strategy Driven

SEPTEMBER 20, 2024

Whether you are just starting or looking to expand your existing operations, understanding the core strategies for thriving in this competitive market is crucial. This can help you reach more areas without the extra cost of managing the delivery yourself. Negotiation is another important part of working with retailers.

Strategy 102

Strategy Succession Retail Marketing 102

Strategy Driven

AUGUST 12, 2024

Initial Franchise Fees Initial fees are the one-time upfront costs that a business owner pays to gain the rights to operate under an established brand. For example, a fast-food chain might charge between $10,000 and $50,000, while a retail business could be significantly higher.

Franchising 81

Franchising Cost Budgeting Advertising 81

Strategy Driven

JUNE 18, 2024

High-quality data is indispensable for informed decision-making, operational efficiency, customer satisfaction, regulatory compliance, and innovation. For example, a retail company basing its inventory decisions on erroneous sales data may either overstock or understock products, leading to financial losses and customer dissatisfaction.

Quality 95

Quality Supply Chain Compliance Strategic Planning 95

Leading Blog

JANUARY 27, 2020

T HE BIGGEST CHANGE being brought about by AI is not human replicas, but the emergence of digital operating models. The operating model is how that is accomplished. The goal of the operating model is to deliver value at scale, to achieve sufficient scope, and to respond to changes by engaging in sufficient learning.

Operations 322

Operations Industry Learning-by-Doing Automotive 322

N2Growth Blog

JULY 8, 2022

At the same time, they continue to appreciate the advantages of the shopping experience and the immediacy provided by the various retail environments. We see some of the best candidates coming from startups and thinking first about mobile technology, automated supply chain management, and data analytics. Agility is key. Why or why not?

Trends 368

Trends Agility CEO Chief Executive Officer 368

Strategy Driven

SEPTEMBER 12, 2017

If you own a retail business and you aren’t satisfied with just being part of the bunch, then you’re probably looking for some tips to go about out-selling the competition and really carving your mark in the industry. Most retailers are facing pretty strong competition these days, so the idea of outselling them all can be rather intimidating.

Retail 57

Retail How To System Reference 57

HR Digest

MAY 23, 2021

The Covid-19 pandemic has been a great wake-up call for companies and their ability to manage change in the workplace. Organizational change management is about bringing changes in a company’s management style by first identifying problems (or potential ones) and then implementing suitable changes. And some did.

Management 94

Management How To Retail Uncertainty 94

HR Digest

SEPTEMBER 6, 2024

The company also promoted career growth opportunities at their organization, explaining that 70% of assistant store managers and 30% of store managers had started as store associates. Understanding Aldi’s Hiring Surge The grocery chain currently employs 49,000 workers and operates almost 2,400 stores across the U.S.

Meyer 98

Meyer Retail Planning Career 98

HR Digest

JUNE 26, 2024

Instead of excessively relying on managers to help with clearing up some doubts about elements of the role, employees will soon be able to turn to the Target AI Store Companion instead. We know technology will continue to play an outsized role in the future of retail — for our team members, our guests, and our business.

Chief Information Officer 101

Chief Information Officer Retail Efficiency Resistance 101

Terry Starbucker

OCTOBER 30, 2011

In my last post I introduced Part 1 of my two-part series on the the topic of Managing Millennials (the generation born roughly between 1980 and the mid 90‘s) – Treat Them Like a Celebrity. To recap my two keys to Managing Millennials: 1) Treat Them Like a Celebrity. Front Line Leadership . Guest Post By Adam Tenenbaum.

Strategic Planning 288

Strategic Planning Management Retail Tactics 288

Strategy Driven

FEBRUARY 5, 2019

Online shopping has completely changed the face of retail and customers are increasingly buying products online and having them shipped directly to them. As well as speed, you also need to consider the cost of your shipping operation. That’s why you need to make an effort to improve the efficiency of your shipping operation.

Efficiency 57

Efficiency Operations Outsourcing Decentralization 57

Strategy Driven

MAY 4, 2017

Launching a company in the retail industry is harder today than ever before. So, all new retailers need to launch a website too. Larger companies will always manage to undercut you if you catch their attention. Nobody wants to fail at retail because you often have to invest a lot of money to get the operation off the ground.

Retail 50

Retail Price Article Brand 50

Strategy Driven

OCTOBER 28, 2021

The businesses that fail to manage cash flow effectively are often doomed to failure. Read on to find out why cash flow is so important and how you can manage it effectively. Cover debts and protect your business credit – Proper management of your cash receipts means you’ll always be able to pay your debts and suppliers on time.

Management 107

Management Banking Credit Scoring Discount 107

The Horizons Tracker

NOVEMBER 16, 2021

While automated payment comes with many benefits for travelers and operators alike, they nonetheless require passengers to have access to smartphones, banking services, and private internet, which is something that is far from universal. Scenario 1—No cash anywhere, adds retail network. Scenario 2—Cash on board, not at TVMs, no retail.

Transportation 119

Transportation Retail Cost Banking 119

The Horizons Tracker

AUGUST 3, 2023

Operating a retail business is a daunting task that requires a resilient character. These findings are especially relevant to retailers, particularly if the economy slows down and employers once again gain an advantage in hiring, following a wave of resignations, both quietly and openly, due to pandemic fatigue.

Absenteeism 97

Absenteeism Retail Sample Follow-up 97

The Horizons Tracker

OCTOBER 27, 2024

billion tons of annual food waste could be solved through better supply-chain management. This research focuses on food losses from post-harvest to retail, not on-farm or household waste. They estimate that about half of the 1.3 A major cause Food losses account for about 8% of human-caused greenhouse gas emissions.

Supply Chain 64

Supply Chain Metrics Globalization Retail 64

Strategy Driven

JULY 17, 2024

E-commerce has become the lifeblood of retail, offering unparalleled reach and convenience for both businesses and customers. Among the myriad of e-commerce platforms available, Shopify stands out as an excellent choice for those looking to set up, manage, and scale their online stores.

Globalization 98

Globalization Discount Tools Marketing 98

HR Digest

JANUARY 19, 2023

Fast Retailing, the parent company of Japanese fashion chain Uniqlo has announced that it will be raising the pay of its full-time employees in Japan by up to 40%. New store managers in their first or second year in the role will see their pay go up by about 35%. We hope to see more companies following their lead in the coming months.

Retail 64

Retail Price Policies Trends 64

N2Growth Blog

SEPTEMBER 28, 2020

Find HR’s hand (in a good way) in everything as an enabler and contributor to operations flowing all the way through to customer/client satisfaction. With a diverse background in human resources, information technology, and operations, his business and leadership acumen is only exceeded by his commitment to making others better.

Human Resources 476

Human Resources Globalization Resources Diversity 476

Jesse Lyn Stoner Blog

SEPTEMBER 24, 2012

It involved restructuring into wholesale and retail operations and providing an array of new retail services. . They did not understand and were not committed to the significant changes that would be needed in their attitude and behavior if the company were to become a competitive retail service provider.

Process 199

Process Telecommunications Tips Productivity 199

Strategy Driven

JANUARY 23, 2021

It’s important to note that when we own and operate a store, or a retail building, or our restaurant, we must learn how to defend it. Furthermore, most people know that retail businesses have had to temporarily close down, or that offices are vacant, and that means they could be targeted by the hands of those looking to do harm.

Retail 139

Retail Sharpe Advice Course 139