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Industry Insights
Macy's Store Closings Provides Opportunity For Burlington Coat Factory

Off-price retailers will get a bump from Macy’s' closure of some 100 stores, according to a note from BMO Capital Markets’ apparel and retail analyst John Morris. CNBC reports that Burlington Coat Factory, which has 47 stores within five miles of a Macy’s slated for closure will be a prime beneficiary of these closings. According to CNBC, Morris predicts that off-price stores run by Burlington, TJX Cos., and Ross could take advantage of as much as 40 percent of the $575 million in revenue that those closures will leave on the table.

Retailers Face Growing Complexity With App Rollouts

Consumers want mobile apps to help make their shopping experience faster, more efficient, and more flexible. But as retailers scramble to provide apps that will meet their customers’ needs, they are facing growing complexity in app rollouts that leave security wanting.

What IoT Really Means For Retail

At the NRF BIG Show this January, we guarantee you won’t be able to swing your show bag in a circle without hitting a vendor touting its IoT (Internet of Things)-enabled widget. The IoT has quickly moved from a futuristic concept to a worn-out buzzword in the retail industry — so quickly, in fact, many merchants haven’t had the time to fully grasp what the IoT is, much less why it’s important to the future of retail.

WFM Today: Cloud, Compliance, And Collaboration

Innovative Retail Technologies’ most recent survey of retail execs finds a market ripe for the adoption of cloud-based workforce management applications, tepid confidence in workforce compliance, and increasing collaboration among HR, store ops, and associates.

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