As artificial intelligence (AI) continues to expand throughout all industries, the National Retail Federation (NRF) has published a series of guidelines called the Principles for Use of Artificial Intelligence in the Retail Sector. These guidelines strive to encourage governance of …
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Solidify Your Cash Flow Strategy With Upcoming Webinar and New Course
A key part of any operation, an effective cash flow strategy assures your business not only survives but thrives. Many business owners and managers find themselves stuck in a cycle where cash flow challenges feel like a never-ending struggle, impacting …
Read More »Industry Insights, Data Drive Decisions for Retailer
In an effort to help retailers become better and more profitable, the North American Hardware and Paint Association (NHPA) has surveyed home improvement operators throughout the U.S. to develop the benchmark report known as the Cost of Doing Business Study. …
Read More »Expert Column: Crafting The Right Product Assortment
By Tony Corsberg Principle Merchant5 Advisors Product assortment is the bedrock of retail. Assortment planning is the process of selecting the right items to be presented in a limited selling space that meet customers’ needs and are productive inventory within …
Read More »Untangling The Web: How 3 Retailers Approach Unique Online Strategies
The question is not will e-commerce and web-based businesses supplant brick-and-mortar retailing… but will it simply leave you behind if you don’t adopt the technology and integrate e-commerce into the core of your business. If you were to guess when …
Read More »Wholesaler Central: HDA Plans Executive Planning Conference
AFTER HOSTING a sold-out Group Merchandising Conference in May, Hardlines Distribution Alliance (HDA) is setting its sights on the Executive Planning Conference (EPC) scheduled for November 19-21 in Tucson, Arizona. This year, the EPC is brimming with opportunity for member …
Read More »Marketing Minute: Doing What You Say You’ll Do
The last mile of the customer experience is the part that makes or breaks marketing. At Curtis Lumber, we always put our best foot forward in our marketing. We use our cleanest stores with the most foot traffic and feature …
Read More »Wholesaler Central: Do it Best Launches Expanded Services and Product Offerings
DO IT BEST RECENTLY ANNOUNCED upgrades to its e-commerce platform, reinforcing its commitment to driving business growth for independent retailers. Using data-driven insights, the company has upgraded its e-commerce service, providing members access to a comprehensive catalog of products online. …
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