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Tom Lombardo

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Recent Posts

Auto Aftermarket Entering Bull Territory

Posted by Tom Lombardo on Sun, Sep 27, 2015 @ 07:00 AM

Auto aftermarket owners and managers who focus on personal service, deep knowledge, and instant delivery have seen profits rise and market share expand, according to the Motor Equipment Manufacturers Association (MEMA).

And it's not just the big corporations winning.

AutoZone, Advance and O'Reilly control only 40% of the auto aftermarket. As a group their recent stock performance put them in the top ten in a field of 197 industries, and analysts expect them to continue enjoying 10% or better earnings growth through 2017.

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Tags: Auto Aftermarket

Criminals Make Auto Dealer Prioritize Check Acceptance Policies

Posted by Tom Lombardo on Sat, Sep 26, 2015 @ 07:00 AM

In 2012, a Chicago area man plead guilty to writing twenty-four worthless checks to auto dealerships, including ones in Illinois and Wisconsin that lost over $70,000. And he's at it again. 

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Tags: Check Fraud, Auto Dealerships, C.A.R.S.

Only One in Four Merchants Ready for EMV Credit Card Switch

Posted by Tom Lombardo on Fri, Sep 25, 2015 @ 07:00 AM

A survey of 2.42 million merchants found that only 27% of them expect to be EMV-ready on October 1.

That's not what regulators and the industry expected -- especially because, on October 1, merchants without the new technology will become liable for credit card fraud.

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As EMV Credit Card Processing Deadline Approaches, Fraud Explodes

Posted by Tom Lombardo on Thu, Sep 24, 2015 @ 07:00 AM

According to the latest fraud study done by LexisNexis, brick-and-mortar merchants have have seen a 25% spike in fraudulent credit card purchases in the past twelve months alone.

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EMV Deadline Fast Approaching - October 1, 2015

Posted by Tom Lombardo on Wed, Sep 23, 2015 @ 10:49 AM

On October 1 merchants who can't accept the new EMV chip-embedded credit cards will become liable for credit card fraud occurring at their business.

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Specialty Retailers Ramp Up Sales Psychology for Year's End

Posted by Tom Lombardo on Tue, Sep 22, 2015 @ 09:18 AM

It's possible that researchers at Carnegie Mellon have gotten a little carried away with their analysis of sales psychology. They took brain scans while people were shopping and found out that when they decide to buy, their "insular cortex" activates: 

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Tags: Retail

Dental Clinics Take the High Road

Posted by Tom Lombardo on Mon, Sep 21, 2015 @ 07:00 AM

Dentists may hold the key to a fundamental shift in American's perception of health care, and dental clinics that go out of their way to appeal to this new perspective stand to expand and increase their profitability.

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Tags: Dentists

Funeral Home Industry Finds Great New Ways to Expand

Posted by Tom Lombardo on Sun, Sep 20, 2015 @ 07:00 AM

Having a hard time charging $10,000 for a funeral? Try charging $30,000 instead -- but for a wedding.

According to Fortune many communities have too few wedding venues, and funeral directors that create a space for celebrating life and love meet this need comfortably.

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Tags: Funeral Homes

Four Strategies Retailers Must Know Before the Holidays

Posted by Tom Lombardo on Sat, Sep 19, 2015 @ 01:00 PM

Want outlandish success this holiday season?

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Tags: Retail

Heavy Equipment Dealers and the Federal Reserve

Posted by Tom Lombardo on Sat, Sep 19, 2015 @ 07:00 AM

When trying to polish their crystal ball to divine how the Federal Reserve's meeting next week might affect the heavy equipment industry, most pundits focus on the capitalization rate in real estate. Since it's a basic ratio measuring the yield on a real estate investment, it changes constantly with market forces.

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Tags: Heavy Equipment