Dematic Group, a supplier of integrated automated technology, software and services to optimize the supply chain, has acquired FSU Investments Limited, which holds a majority stake in SDI Group, a supplier of garment-on-hanger and flat sorter technology in Europe. Dematic intends to make an offer for the remaining share capital. The purchase of SDI Group Europe will expand Dematic's global order fulfillment offerings in apparel, retail and e-commerce markets.
A cyber crime occurs every 18 seconds, but few companies are developing proactive plans to deal with a security event before it happens. Involving executives, including a company's board of directors, is imperative for retailers to mitigate the damage from a breach.
Today's consumers have the ability to purchase what they want whenever, however and wherever, putting them in total control of the market. Fulfilling those orders is key. What's the best way to do that?
As 2015 approached, rather than speculate what top retailers will focus on, Boston Retail Partners asked them about their priorities in a series of surveys over the past year. The overall theme concentrates on enhancing the customer experience by expanding store technology, improving assortments and offering unified commerce experience.
The shift to online retailing over the last five years finally caught up to and overran U.S.-wide delivery capacity during last year's holiday season. According to Forrester Research, online retail sales will grow by an additional 60 percent over the next five years. This kind of sea change has stretched the ability of physical networks to keep up and the shortage of drivers had further exacerbated this situation. Instead, technology has become more important to meeting retailers' holiday delivery challenges by helping to improve the productivity of existing resources and offer a greater array of delivery services being demanded by consumers.
Macy's is putting its money where its mouth is, promising to invest up to $1bn in technology and infrastructure to support online and omnichannel efforts.
Big-box electronics giant Best Buy reported sagging second-quarter sales Tuesday amid increasingly intense competition from rival retailers.
The company's comparable sales dipped 2 percent in the U.S., though it still managed to post $146m in profit, largely thanks to a long-term cost-cutting program. But with few new electronics products to capture consumers' attention, the rest of 2014 isn't looking any sunnier.
Macy's Inc. has reported a series of initiatives from 2002 through 2013 have resulted in a 38-percent reduction in the company's electricity usage and a 95-percent adoption rate of recycled or certified paper used in the company's marketing materials.
In almost every town in Mexico, you will find at least one garish La Michoacana ice-cream parlour, a Mexican business success story, possibly as well known as Dunkin' Donuts is in the United States. But it is not a corporation, nor a brand, nor a franchise. It is a confetti of independent, family-owned ice-cream parlours.