I don’t believe there is an accurate figure out there that gives a good indication of the cost impact of money laundering on the global economy, but I have seen figures estimating hundreds of millions to trillions.
When planned, innovation is an essential part of the evolution of retail. But when retail innovation ideas are forced on an organization, they can be a toxic time burglar.
Today's cash handling solutions offer a maze of options, and at the risk of being distracted by cat videos, YouTube provides useful tutorials on the range of choices and a chance to watch units in action.
Some efforts that seem like a good idea don't work. Just ask Walmart.
The more retail e-newsletters and alerts you receive, the worse you may feel with the constant drumbeat of store closings, retailers filing bankruptcy, and elimination of jobs in our sector. Is this reality, or is it Chicken Little syndrome?
More retail industry employers are using pre-employment screening tests to find better employees.
Amazon Go, the company's first revolutionary store without a cashier, opened on January 22, 2018. It's been six months. So, how's it going?
Traffic and conversion analytics focus on what happens before the transaction is recorded in your POS or CRM system...if one is ever recorded at all. That's what makes traffic and conversion data especially useful. Together, they tell us about the sale we almost had.
In the aftermath of the dot-com bubble in the early 2000s, online marketers realized they couldn’t merely focus on generating website traffic; rather they needed to focus on their customer conversion rate—getting more visitors to buy. The same is true in brick-and-mortar retailing.
When I was growing up in retail, the word was that "department stores are dying. That was in the early 1980s. Then came the...