Tag: retail

Anne-Lindsay Beall 0
What’s hot in retail for 2013?

According to a recent article from Forbes, the three hottest trends in retail for 2013 are: Mobile -- 93 percent of mobile developers anticipate that it is “likely to very likely” that most retail companies will have enabled mobile commerce in 2013, and 2/3 of developers believe that consumers will

Diana McHenry 0
Holiday heroes size right with size optimization

We all know the holiday shopping season is paramount to a retailer’s annual results.  As we enter the 2012 holiday shopping season, customers’ expectations of retailers have never been higher. One thing that can plague retailers, especially during the hectic holiday season, is out-of-stocks. Whether you are a fashion retailer

Steve Polilli 0
A strategic data plan pays off

Recent SAS-sponsored research by the Economist Intelligence Unit surveyed large enterprises on a number of questions about "big data" and its value. The most prominent finding was that companies with a strategic data plan were much more likely to be financially successful than those who treat data as a tactical

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 &