More than 150 million shoppers participated in Black Friday and Cyber Monday sales this year, increasing retail sales dramatically. Online sales alone were estimated at nearly 3.07 billion dollars, a 16% increase from last year's numbers and the season isn't over yet. With big money at stake, you may want to gamble big, but there are some risks you shouldn't take — like guaranteeing your check payments. How do you keep your assets secure and momentum going while wearing the many hats that your business requires?Read More
Walk down most aisles in a department store or retail outlet and you’re sure to find a variety of anti-shoplifting devices. Among others, these include ink-filled tags on clothing, alarm cords for high-ticket items and locked merchandise behind glass. But these security measures are only half of the equation if one of your goals as a retail manager is loss prevention. What’s the other half, you ask? Employee theft.
Think that thieves are targeting what’s sparkly and rare? Think again. Some of the hottest things flying illegitimately off the shelves are not exactly what you’d think of as cool. Don’t think that this puts you in the clear if your store sells the expensive or electronic stuff. Every retailer can benefit from some shoplifting reconnaissance, and your employees will benefit from these lookout trends.
"All you need is love, but a little chocolate doesn't hurt," said Peanuts' creator Charles Schulz. How about over 50 million pounds of it? That's how much chocolate is sold during Valentine's week leading up to the big day. And chocolate isn't the only thing bought to seal the deal on February 14. The top gifts for Valentine's Day, in addition to candy, are flowers, jewelry and a romantic night out. These are presented along with a card filled with romantic sentiments. Add it all up and total spending for the holiday this year is expected to reach $18.6 billion.
2012 is coming to an end. Black Friday and Cyber Monday have both come and gone. Retailers and auto dealerships alike can still capitalize on holiday and year-end sales. Concerns over the fiscal cliff loom, but not to worry, auto sales are still expecting to increase and be healthy for the industry.
Whether you promote special holiday sales or not, shoppers will be out in full force in the coming weeks and will be bringing their check books. This bodes well for hardware stores, contractors, painters and many others in the building supply industry.
With the holiday shopping season upon us, now is a good time to brush up on your online shopping safety. Statistics show that online shopping is on the rise and e-commerce sales are predicted to increase by 11 percent this year. Regardless of how much or how little online shopping you've done, it's always a good idea to review best practices for online security.
Home furnishing sales have seen a jump this year and are expected to stay strong during the holidays. Holiday spending overall is expected to increase by 4.1 percent according to the National Retail Federation. Better yet, IBM is predicting home stores will do more than that and see at least 7 percent growth during November and December. Yearly sales are expected to end up over 9 percent higher than last year. Seasonal shopping sprees and purchases of new holiday decor aren't the only things driving the increase, though. Hint: it has something to do with roommates and dragons.
Pet costumes are an age-old tradition for holidays. Even more so for Halloween, so it may come as no surprise that Halloween is big business for retailers. The National Retail Federation predicts a 4.1 percent increase to $586 billion in retail sales during the holidays. They also estimate we'll each spend an average of $80 on decorations, candy and costumes, including pet costumes. Remove decorations, food, greeting cards and flowers, there is still about $470 billion left for everything you sell!