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CEOs exit: The Reject Shop, Best & Less leaders step down

Inside Retail

The CEOs of two discount retail chains — The Reject Shop and Best & Less Group — have stepped down with immediate effect today citing personal reasons. Steven Fisher, chairman of The Reject Shop, said the board and team have thanked Bishop for his work over the past six months and wish him well.

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Opinion: Consumers’ screen times gives shopping centres a headache

Inside Retail

Retail shopping centres face a major challenge rebuilding customer traffic and sales after the Covid-19 pandemic is controlled. The Covid-19 disruption has closed some businesses while accelerating a contraction of store networks many chains had started before the pandemic forced trading restrictions and lockdowns.

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“A big vote of confidence”: Why Walmart’s store upgrades are key

Inside Retail

The retailer also expanded its vision centres and pharmacies with private screening rooms, and placed digital touchpoints throughout the store to provide information of products and services. And it added new “dollar shops” for consumers to pick through seasonal, more affordably priced items.

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Retail appointments of the week

Inside Retail

Best and Less, The Reject Shop CEOs depart By Rakshnna Pattabiraman The CEOs of two discount retail chains — The Reject Shop and Best & Less Group — have stepped down with immediate effect today citing personal reasons.

Shopping 130
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Surveillance and Strobe Lights: Walmart, Target and Other Major Retailers Level Up Their Loss Prevention

VMS

Mass merchants and major retail chains are reaching deeper into their bag of tricks this year to prevent holiday shoplifting. People planning to shop in stores will not want to go in to these locked and over-secured stores. So overall retailers lose both the planned purchase and the impulse purchases.”

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Take That, Tired Narrative: Research Says Physical Stores Benefit When Customers Buy Online

VMS

Serkan Akturk say they found that buy online, pick up in-store (BOPIS) service can help retailers boost in-store sales. To better understand the impact of BOPIS, the doctors analyzed online and in-store sales of a national retail chain, before and after a competitor launched a BOPIS service. percent online and 1.8

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What is Omni-channel Retail?

Retail Bound

Although many new product companies are finding success selling on Shopify or Amazon, online sales still only represent 20% of all retail sales, whereas offline channels like brick-and-mortar locations, catalog, TV Shopping and Reward and Incentive markets represent 80%.