A new trend in the retail business has owners wondering whether they should jump in: Group Coupons. The idea is an e-mail subscriber based system of offering deep discounts on a product to consumers only if enough people purchase the coupon. But according to a recent business blog, “The group coupon value to the consumer […]
Savvy retailers are finding ways to uncover and discourage bargain-hunting customers, and boosting their own bottom line in the process.
Local retailers in Texas and Connecticut saw a jump in activity as the states rolled out annual tax-free shopping events. In Texas, this past weekend was tax-free on numerous clothing, footwear and school supplies priced under $100. “We’ve had lots of sales and specials and reductions to go with the tax-free holiday,” one retailer said. […]
Battle lines are being drawn on both coasts as small mom-and-pop stores are trying to push state governments out of the liquor business. In Washington state, there are two initiatives on the November ballot, one of which will kill Prohibition-era regulations. “Both initiatives would make it more convenient to buy alcohol, and I think that’s […]
Retailers in Los Angeles received some welcome news this week, as the LAPD announced it had brought down a notorious ring known as the Hernandez Operation. The group is responsible for stealing at least $6 million worth of baby formula, diapers, health and beauty products and over-the-counter medications. The LAPD Major Crimes Division personnel obtained arrest […]
Increasing costs from China and other overseas apparel wholesalers are causing retailers in the U.S. to start sourcing locally or look to other avenues to save costs, a new report says. And according to Reuters, for larger brands that require the big volume that only China can supply, rising prices are quickly becoming a reality. […]
A new survey just released by Shop.com indicates that consumers are still shopping more by price than brands this year.
The U.S. Postal Service has requested the Postal Regulatory Commission to reclassify the way it identifies Standard Mail parcels. According to a story at MultiChannelMerchant.com, USPS officials said the strategy for the Standard Mail small parcels redesign “eliminates confusion for customers.” But the end result might well be higher mailing costs for independent retailers. The […]
Aggressive back-to-school promotions paid off for retailers in July with an unadjusted 3.1% boost in sales year-over-year, the National Retail Federation reports. But even that good news was tempered, according to an NRF spokesman. “Household spending remains tepid amid concerns about economic stability,” NRF Chief Economist Jack Kleinhenz said in a release. “Current data on […]
Retailers have yet another new weapon in their arsenal to get shoppers to spend more while browsing; a new smartphone application that tracks and offers promotions to customers as they move about the store, the New York Times reports. The app, called Shopkick, will be available shortly for the iPhone and in the fall for […]