Saying Walmart is the biggest IT investor in retail might raise a few eyebrows, but most people would likely shrug their shoulders and respond with "well that makes sense." But according to the latest research from IDC, Walmart is not only the biggest IT spender in retail but the biggest investor in IT across industries worldwide.
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.
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.
Several reports have confirmed that Amazon will shutter its Webstore service by July 2016. Amazon has notified its online retailers that are using the ecommerce platform on their own sites of the shutdown, according to SmartBusinessTrends.com.
Corporate America usually hasn't viewed hot-button social issues as any of its business. Then came Indiana. The controversy over the state's religious rights measure signed into law recently has been striking for the parade of well-known businesses that not only joined in the opposition to the law but took the lead in voicing their disapproval.
Best Buy Canada, a subsidiary of Best Buy Co., announced it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand and unveiled a plan to build a leading multichannel customer experience.
Retailers in the United States are taking a huge risk by underestimating the buying power of the over-50 generation, according to a report by the Fung Business Intelligence Centre.
Ripples of anxiety are likely to be coursing through internet retailers this month. That's because two events - the introduction of the Marketplace Fairness Act in the U.S. Senate and an opinion written by Supreme Court Justice Anthony Kennedy - made it more likely than it has been in 50 years that they will have to collect taxes in states where they don't have a physical presence. If that happens, out-of-state retailers would be compelled to collect sales and use taxes in almost 10,000 state tax jurisdictions that, according to the Tax Foundation, exist across the United States.