At RedShift this spring, RedPrairie company men Prashant Bhatia (VP of strategy) and Dave Bruno (director of strategic messaging) gave a general session presentation titled "Five Big Ideas That Will Transform Commerce." It was an informative and entertaining talk; the two certainly did their homework. To me though, their list, which included augmented reality, NFC, big data, the circular economy, and crowd sourcing, missed an opportunity to plug the very concept that RedPrairie hinted at in terms of its vision for retail systems architecture.
Click here to find out what the concept is and to access more great content from the July 2012 digital edition of Integrated Solutions For Retailers.
POS Renovation Sparks Vast Growth For Specialty Retailer
A new franchised business is opened every 8 minutes of every business day, as noted by Franchise Consultants, Inc. That’s a lot of revenue to manage, considering the average royalty fees range from 3% to 6% of monthly gross sales. Rocky Mountain Chocolate Factory (RMCF), a franchisor, recently made the decision to standardize POS hardware and software at all of its franchise locations. Submitted by Retail Anywhere
The Power Of POS Video Auditing
Much of retailers’ losses are due to internal theft or employee procedural error. That’s a significant portion of overall inventory shrink. According to the industry average, loss due to employee theft accounts for 40% to 45% of retail loss. Procedural errors, or operational shrink, can add 8% to 10% according to national studies. By Erin Harris, Integrated Solutions For Retailers
How $6.8 Billion Family Dollar Improved Enterprisewide Bandwidth Fivefold
Family Dollar has experienced explosive growth during the past five years, having opened 7,000 stores to date. To facilitate store growth, better serve its customers, and create a more efficient working environment for store-level associates, the retailer developed two major business initiatives — the expansion of its food assortment offering and an enhancement of its in-store operating environment. By Erin Harris, Integrated Solutions For Retailers
Improve Store Performance Metrics
As a retailer, you’re concerned about the number of people who enter your store and make a purchase. You should also be concerned about the number of people who enter your store but do not make a purchase, and the why behind that decision. By Erin Harris, Integrated Solutions For Retailers
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