Supply Chain

9 Things You Need to Know About Drone Delivery


Retail Technology

Without the help of technology, companies would not have access to the enormous amounts of data seen in today’s industry. Walmart has created a data analytics hub, Data Cafe, to aid in faster resolutions of slumping grocery sales. The system has proved to be beneficial and more time efficient because recent transactional data can be viewed instantly. Problems are being solved faster and store operations are seeing less human error in planning and executions phases, saving the company time and money.

Walmart Uses Big Data to Boost Grocery Sales


Store Experience

With a strong force pushing for more e-commerce, store experience is just as important. Retailer are seeking different strategies on how to create a in store experience that their customers still need.  Ulta Salon Cosmetics & Fragrance Inc. has quadrupled its annual revenue since going public ten years ago and has continued to capture market share form drug store retailer to high end department stores. No other retailer allow its customers to shop from a larger selection of beauty products, get salon, brow or other services done in one location.

Selfie Generation Turns Makeup Chain Ulta Into Rare Retail Star


Consumer Behavior

Gen Z – those individuals being born from the late 1990s to 2010 – will be an even larger generation than the often written and spoken about Millennial generation.  And, according to a NRF/IBM study, this generation still enjoys shopping in stores even given that they are the first truly digital native generation.  NRF President and CEO Matthew Shay said. “They appreciate the hands-on experience of shopping in a store. Technology is constantly evolving but some shopping habits remaining the same, retailers need to be agile enough to serve both needs.”

Surprise: Gen Zs still shop in-store


 

I am currently a senior majoring in Retailing and Consumer Sciences while minoring in e-commerce. I hold the position of Social Media Manager for the Terry J. Lundgren Center For Retailing at the University of Arizona, where I am responsible for creating social media platforms that not only enhance our brand but also educate the world about retail trends. I am what you call a Retail Enthusiast, I am intrigued by the way the retail industry is evolving and what it has to offer. In my free time, I enjoy the outdoors, yoga, good music, and good company.

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Updates of The Week


Supply Chain

Drone delivery is a hot topic in the retail supply chain world.  This "last mile" question has seen a large amount of interest from many companies including heavy weights like Amazon and Walmart.  Drone delivery startup Flirtey, as reported on TechCrunch, is making its own splash in this new area.  Flirtey's drones have already delivered pizzas in New Zealand and Slurpees for 7-11 in Nevada.  Now with a new round of financing, they are getting ready for their next leap.

Drone Delivery startup Flirtey


Retail Technology

Retailers, understanding the driving demand from consumers to make a truly seamless experience with their stores, are rapidly investing in unified commerce platforms for all their purchase points (e.g., store, mobile, web).  Boston Retail Partners recently released a survey that outlines what retailers will be doing in this effort.  A key finding is that 75% of retailers will use Wi-Fi to identify customers in their stores by the end of 2019.  Read the short summary and download the survey at:

Unified commerce and retailing


Marketing

2016 was a big year for the Retail Industry, a wide range of innovation and marketing strategies drove the change behind consumer's new expectations. Brick & mortar stores may be scrambling to stay relevant but still hold a key component to future success in 2017. Marketing strategies need to evolve with the consumer's expectations by reinventing their channel, service strategies and product mix. 

2017 Retail Trends


Consumer Behavior

The detail age of retailing is impacting bricks and mortar stores in ever challenging ways.  The mall - the location of many of these retailers - are facing equal challenges.  How do they evolve to remain relevant?  McKinsey and Company offers three specific strategies and investment priorities to help malls remain relevant for the new digital consumer.

The Future of the Shopping Mall


E-commerce

Durable purchases and services have dominated online purchases for years.  Fashion products have been bought by 58% of online buyers with travel products (55%) slightly behind.  But consumables have drastically tailed behind.  This wide gap is a place for innovation for retailers particularly given the advent of more flexible and cost-effective fulfillment options being developed.  So the 38% of respondents to a Nielsen "Connected Consumer Survey" who have bought health and beauty products online may just be the trailblazers for an expanding internet.  Read the full summary of the Nielsen survey.

Nielsen Connected Consumer Survey

 

If you’ve ever been to New York City’s Herald Square, you’ve probably seen or taken a picture by the giant Macy’s Bag on the corner of the original Macy’s store. It’s an area that is known for attracting many tourists and a large audience in general. The Macy’s billboard bag has never featured anything other than the Macy’s logo. That has changed with a new collaboration with DreamWorks Animation.

harold-square-macys-bag  Throughout the month of October, the Herald Square Macy’s bag will feature the new movie DreamWorks’ Trolls, which debuts on November 4th. This is the first time Macy’s has supported an entertainment studio or promoted a theatrical film in such a massive way.

The Terry J. Lundgren Center for Retailing was able to hear all about Macy’s partnership with DreamWorks Animation through former RCSC student, Bryce Ortega. Bryce Ortega graduated from our program and has worked his way up in the DreamWorks Licensing department.

From an early age, Bryce Ortega participated in sports and when attending the University of Arizona that didn’t change. Bryce started at shortstop and 2nd base on the Wildcat’s baseball team from freshman through senior year. Finding himself with opportunities after athletics, he took a swing at the entertainment industry and landed on a new passion. Since then Bryce has worked in three different capacities at DreamWorks Animation.  He started out in international licensing where he managed agent relationships across markets such as Canada, Latin America and Australia. After mastering these territories, he was promoted into global new business development engaging with companies that have a worldwide scale. Partnering with companies that reach across the globe allows DreamWorks Animation to market and reach a larger audience across multiple regions. In Bryce’s current role as Hardlines’ Licensing Manager, he is now focused on partnerships within the United States across the categories of food, health, beauty, stationery and Party.

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I am currently a senior majoring in Retailing and Consumer Sciences while minoring in e-commerce. I hold the position of Social Media Manager for the Terry J. Lundgren Center For Retailing at the University of Arizona, where I am responsible for creating social media platforms that not only enhance our brand but also educate the world about retail trends. I am what you call a Retail Enthusiast, I am intrigued by the way the retail industry is evolving and what it has to offer. In my free time, I enjoy the outdoors, yoga, good music, and good company.

Career Fairs come and go throughout the year but how can one be certain they left a lasting impression with recruiters?  Being a young adult in search of a job or internship is a very exciting time, however it can also be very stressful. In order to make attending a career fair less stressful, it helps to be prepared. At the Emerging Talent Recruitment Conference hosted by the Terry J. Lundgren Center for Retailing, one of the keynote speakers, Rachel Mushahwar of Intel inspired the room of students with her adventurous life story and career advice. One piece of advice that resonated with the room was when she said, “You have to start before you’re ready, because you will never be 100% ready, so why wait?” This statement is absolutely right. In order to be successful you have to take a chance even if you are not 100% ready because you never know what may come of it. The same thing goes for attending a career fair. Committing yourself to attend a career fair is the first leap in the right direction when it comes to finding a job or internship. Continue reading

I am currently a senior majoring in Retailing and Consumer Sciences while minoring in e-commerce. I hold the position of Social Media Manager for the Terry J. Lundgren Center For Retailing at the University of Arizona, where I am responsible for creating social media platforms that not only enhance our brand but also educate the world about retail trends. I am what you call a Retail Enthusiast, I am intrigued by the way the retail industry is evolving and what it has to offer. In my free time, I enjoy the outdoors, yoga, good music, and good company.

By MIRIAM GOTTFRIED

Aug. 17, 2016 3:03 p.m. ET

“Fashion changes, but style endures,” or so the clothing designer Coco Chanel once said. As American Eagle Outfitters and Urban Outfitters reaffirm their place in the former category, investors should reconsider the value they assign to the teen retailers. Continue reading

I am currently a senior majoring in Retailing and Consumer Sciences while minoring in e-commerce. I hold the position of Social Media Manager for the Terry J. Lundgren Center For Retailing at the University of Arizona, where I am responsible for creating social media platforms that not only enhance our brand but also educate the world about retail trends. I am what you call a Retail Enthusiast, I am intrigued by the way the retail industry is evolving and what it has to offer. In my free time, I enjoy the outdoors, yoga, good music, and good company.