Reminders

Retail Omni-Channel Strategies

Archives for February 2011 « Recent Articles

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Forget The King's Speech, the Hollywood Stock Exchange was biggest winner at the 83rd Annual Academy Awards. It took home seven Oscars out of eight categories in which it competed. What's that you say? The Hollywood What? Hollywood Stock Exchange® (www.hsx.com) is the world's leading entertainment stock market. At HSX.com, visitors buy and sell virtual shares of celebrities and movies and other investment instruments with a currency called the Hollywood Dollar®.


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LASAR-Like Retailing: The Trailer

By Greg Girard – 2 Comments

I'm finishing up my first report on a concept I'm calling LASAR--localized assortments optimized for space, allocation, and replenishment. I've been previewing the concept with some smart retailers and their equals at leading software vendors. So far, no one has thrown up on the idea; truth be told, the concept is getting high marks.


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Last week I blogged about two miracle workers, merchandise lifecycle management and collective intelligence, and posited them as enablers of better design, buying, and assortment decisions. Having done so, I now realize that at least with respect to the latter, collective intelligence, that I put the cart before the horse. By that I mean, I asked you to commit what you might deem an unnatural act if you're in the fashion business. I asked you to assume that consumers, whose points of view collective intelli


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I recently fielded a call from a reporter at Fortune researching a story about how retailers can use collective intelligence, what some have taken to calling "crowd computing," to predict which new products will perform well and which ones will be dogs. A short while later I had the opportunity to post a comment on TradeStone Software's blog about retailers adopting Merchandise Lifecycle Management (MLM) technology to execute their private label programs better. No analyst worth his or her salt can resist m


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I squeezed one super session presentation into my agenda at NRF two weeks ago. The CIO of Groupe Casino laid out his company's transformational effort with SAP Retail, focusing on omnichannel precision retailing. Earlier today my colleague Leslie Hand invited me to a meeting with Modiv Media at the Stop & Shop around the corner from IDC. Here's my take on the contrasts and similarities of what I saw from across the pond and around the corner.


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At the risk of laboring too long in the shameful self-promotion department here at IDC Retail Insights, I have to draw your attention to the educational panel session on collective intelligence I'm moderating at NRF next week. The session runs from 1:45 to 2:45 Tuesday afternoon. Click here for details. Collective intelligence combines social media, analytics, and research to bring your customer's point of view to bear on merchandising, product innovation and introduction, private label, and marketing decis


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Two fundamental forces in play in retail--localization, especially of price, and omnichannel transparency--create cross-channel conflict. As typified by the clear and present danger of the "scan and scram shopper," price transparency often puts store channels at a price disadvantage compared to ecommerce channels. As scan and scram shopping grows retailers run the risk of running stores as very expensive showrooms. Yet stores uniquely create economic premiums in part captured by brands and manufacturers. Re


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We just announced the results of a new survey report, “Outlook for Mobile and Social Media Commerce in the 2010 Holiday Shopping Season.” Our study reveals the impact m-commerce and sm-commerce, together msm-commerce, will have over the next six weeks. In mobile speak, our findings merit an OMG not a LOL. Here's the headline: mobile shopping warriors, hyper-connected individuals, and mobile shopping warrior “wannabies”, moderately connected individuals, will account for 28% or $127 b


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If JDA is "The Supply Chain Company" since their acquisition of i2, then who is RedPrairie after it's acquisition of Escalate Retail? This was one of the first questions I asked after hearing that RedPrairie had closed its acquisition of Escalate yesterday, February 2, 2011.  It's a very intriguing question, and after some analysis, I'd like to think that the combination of RedPrairie and Escalate Retail could potentially be "The Delight and Deliver Company". This moniker will need to be earned, since


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Wal-Mart announced at a Washington, DC press conference on January 20th that it will reduce added sugar content by 10 percent and added salt content by 25 percent and remove all remaining industrially produced trans-fats and partially hydrogenated oils in its private label food products by 2015. Michelle Obama was there to draw attention to the news' relevance to her campaign against childhood obesity. Bentonville needs IT to set the table. Will Wal-Mart run the table? Here's our assessment.



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