Housewares sales have dropped overall in the U.S., but home improvement stores have increased market share for the category. Annual U.S. housewares expenditures slowed to 2.3-percent growth between 2013 and 2014, down from 5.9-percent growth between 2012 and 2013, according …
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Tech Gets Bigger, Especially in Home Security
Home automation technology is an ever-growing retail segment, and products for home security and other house improvements are top sellers worldwide. Home security systems produced the most revenue –$1.51 billion–of all home automation products in a market that is growing rapidly, …
Read More »Focus on Average Transaction Size to Increase Sales
Working to increase your store’s average transaction size makes sense, especially considering that you have three primary ways to grow top-line sales. These methods are: Increase prices. Increase the number of customers who frequent your store. Increase average transaction size. All three strategies …
Read More »Who Really Has Price-Matching Policies?
“Price-match guarantee” and “We will beat any competitor’s advertised price by 10 percent” are common promises that pop up in retail advertising. These statements are used to tell consumers the stores are confident they have the lowest prices in that …
Read More »The Big Impact of Small Businesses
National data shows that small businesses account for most of the U.S. retail industry. Large chains, such as Walmart, Home Depot and Macy’s, compose only a small percentage of the retail sector. The numbers reveal that nearly 99 percent of all …
Read More »New Study Links Green Building Practices to Health
Green, or environmentally friendly building practices, aren’t just about the environment anymore; they’re about better health and more productive workers. A new study by Harvard’s Center for Health and the Global Environment found that those working in offices with below …
Read More »Making Technology Improvements in Retail
When it comes to technology, retailers are increasingly saying they plan to spend money on wireless networking, point-of-sale software, Wi-Fi, mobile POS devices, digital signage and other tech options. The information comes from Innovative Retail Technologies, which conducts an annual study asking a …
Read More »How Social Media Can Be a Powerful Recruitment Tool
Want another way to find job candidates or know more about current applicants? Search for them online. According to a recent report by the Society for Human Resource Management (SHRM), more than one-third (36 percent) of organizations disqualified a job …
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