Retail

Alison Bolen 0
Optimizing assortments with big data

Macy's Inc. is one of the nation’s largest and most well-known retailers, with a loyal base of customers who shop at its stores and online. The company’s e-commerce division, Macys.com, is relying on big data and high-performance analytics software from SAS to better understand its customers and help increase overall

Alison Bolen 0
Q&A: How big data will revolutionize retail

How can big data coupled with high-performance analytics (HPA) help retail companies tailor their offerings in a way that is beneficial to both the company’s bottom line – and the consumer? Eric Williams, recently retired Chief Information Officer at Catalina Marketing, explains in this interview. Alison Bolen: How do you define

Alison Bolen 0
Six benefits that big data can bring to retailers

In the last week, I have interviewed four retail executives about their predictions for big data and high-performance analytics in the retail industry. I hope to publish their thoughts here in the next few weeks, but in the meantime, here are six concrete benefits that big data can bring to retailers, if

Anne-Lindsay Beall 0
Good advice from Northern Tool

At the NRF BIG Show, I had the opportunity to sit down with Chuck Albrecht, President and COO, Northern Tool and Equipment Company to ask him the best advice he’s ever been given (more on that later), his thoughts on the craziest innovations he saw at the show, and Northern

Anne-Lindsay Beall 0
The art and science of pricing

A standing room only crowd gathered at the NRF BIG Show on Monday afternoon in New York to hear Winn-Dixie VP Chris Vukich share how this $7 billion regional grocer has achieved a successful pricing strategy that allows them to: See the impact of each price change. Create what-if scenarios. Model

Anne-Lindsay Beall 0
Markdowns: Don't lose your shirt

At the NRF BIG Show in NYC this week, one of the hottest topics is what retailers can do with high-performance analytics.  One major retailer has been able to determine optimal prices for as many as 270 million items each week, from 30 to two hours, run advanced markdown optimization

Anne-Lindsay Beall 0
BIG news from the NRF BIG Show

What brings more than 20,000 retailers to NYC in mid-January? I can promise you, it’s not the balmy 15 degree temperatures --  it’s the 101st NRF BIG SHOW, where SAS is a platinum sponsor. This is my first year attending this event – and it’s a bit overwhelming, so here’s a

Anne-Lindsay Beall 0
Do your holiday shopping early

I hope you saw my previous post on lessons learned in retail, which shared insights from industry leaders Terry Donofrio, President of Retail Systems & Services; Frank Andryauskas, former CIO and Executive VP of Supply Chain for KB Toys; and Val Trivisonno, VP of Commercial for The Body Shop Canada.

Anne-Lindsay Beall 0
Retail lessons learned …

Last week at the SAS Retail Executive Seminar held in Cary, NC, I was able to catch up with industry leaders and ask them a few questions about what’s going on in retail -- and their predictions for what’s coming next. Keynote speaker Terry Donofrio, President of Retail Systems &

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The green retail checklist, step 6

Welcome back to our green enterprise checklist for retailers. In my previous posts, I described how to create a vision for sustainability and how to evaluate your operations, merchandise, supplies, advertising and marketing. The final area on our checklist is to evaluate your people. Your People Employees must be trained

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The green retail checklist, step 5

Welcome back to our green enterprise checklist for retailers. In my previous posts, I described how to create a vision for sustainability, how to evaluate your operations, your merchandise and your supplies. The next area on our checklist is to evaluate your advertising and marketing. Your Advertising and Marketing Reduce

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The green retail checklist, step 3

Welcome back to our green enterprise checklist for retailers. In my previous posts, I described how to create a vision for sustainability and how to evaluate your operations. The next area on our checklist is evaluating your merchandise. Your Merchandise Successful businesses know they need the right product mix for

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The green retail checklist, step 2

Welcome back to our series of posts that provide a green enterprise checklist for retailers. In my previous post, I described how to create a vision for sustainability and introduced five areas of focus to help you begin implementing that vision. The first area on our checklist is to evaluate

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The green retail checklist, step 1

With increased customer awareness and consumer demand about the virtues of going green, getting your company to become more environmentally friendly is a winning strategy. But sustainable business practices are relatively new to many companies. The most common question I get is: “Where do I start?” There is no direct

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Big thoughts from "The Big Think"

I recently attended the National Retail Federation’s (NRF) “Big Think”. The Big Think is an annual invitation-only event hosted by Tracy Mullen, CEO of NRF, and her staff. NRF is the “voice” of retail and represents an industry with more than 1.6 million U.S. retail companies, more than 25 million

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