Is Walmart Back to Being the King of Retail?

| August 16, 2018

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Walmart blew Wall Street forecasts away on Thursday. The retail giant's results go a long way in showing that it's fighting successfully versus Amazon. J.C. Penney shares are being rocked on a lackluster second quarter. And the markets more broadly relax a bit amid a cooling Turkey currency crisis. Sign up for ActionAlertsPlus.com today for exclusive insight into Jim Cramer’s charitable portfolio: https://buff.ly/2khDJhL

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Retail Development Company

Retail Development Company is a holding company that originated from the successful development of well-known retail chains. With its great experience in franchise, Retail Development Company provides its associated entrepreneurs with a good back office, proper purchasing conditions and the best profit margins.

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Which Stores in the United States Have Closed Due to Coronavirus?

Article | March 17, 2020

In case you have been living under a rock, major US retail stores have announced they are closing or limiting their store hours to prevent the spread of the Coronavirus here in the United States. Besides almost every state closing restaurants, bars, gym’s, and theaters, you also have big companies trying to protect citizens from the Coronavirus crisis and protect public health. Walmart has taken steps to reduce hours after several major retailers have chosen to fully close physical store operations after there have been several confirmed cases in the country and they continue to rise. Major retailers Glossier and Patagonia both announced a temporary closure, prompting popular stores such as Abercrombie & Fitch, Nike, and Urban Outfitters to follow their lead.

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How PWAs Empower Retailers to Exceed Customer Expectations

Article | March 17, 2020

If you can blink twice before a retail website or app loads, it’s likely that brand is losing potential customers in those seemingly fleeting moments. According to Google data, mobile page speeds take an average of 15 seconds to load. That number could have serious consequences when you consider that Akamai’s The State of Online Retail Performance study found 53 percent of mobile site visitors leave a page if it takes longer than three seconds to load. For retailers, a one-second delay in mobile load times can impact conversion rates by up to 20 percent. The longer the load time, the higher the bounce rate, and the less time a shopper will spend on a retailer’s website and/or app. This means retailers are losing the opportunity to expose shoppers to more merchandise and ultimately convert those visitors into buyers.

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WFH? Here’s how to manage your ecommerce order deliveries successfully

Article | March 17, 2020

The outbreak of the novel coronavirus has turned the whole world upside down. No one is sure about anything anymore. And that scares us. Luckily, the culture of remote working has been catching on. There are a gazillion tools that help you get rid of the snags of WFH. Regardless, managing your team as an ecommerce business owner remotely is no joke. Especially during a time when you cannot afford to lose business or customers. Here’s a cheat sheet to stay on top of your orders in the age of social distancing. Real-time shipment monitoring: The good news is that there is a greater push for shopping online. More and more customers are seeking comfort in the ease of ordering products online. In the US, there has been a surge in the ecommerce order volume for health and beauty products. The real challenge is staying on top of order fulfillment. You need a unified portal that tracks and monitors your packages in real-time.

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What are the biggest barriers to AI adoption for retailers?

Article | March 17, 2020

According to KPMG’s “Living in an AI World 2020 Report,” retailers have some optimism, some skepticism and some pessimism about how artificial intelligence (AI) will impact the industry. The study explored how 751 insiders across five industries, including retail, view the future of AI in their sectors. On the downside, 64 percent of retail insiders agreed that the use of AI to help businesses is more hype than reality right now. The study also identified numerous challenges retailers believe they face in capitalizing on AI’s potential: AI readiness: Just 43 percent of retail respondents believe their employees are prepared for AI adoption. Relatedly, only 52 percent say their companies offer any type of AI training.

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Spotlight

Retail Development Company

Retail Development Company is a holding company that originated from the successful development of well-known retail chains. With its great experience in franchise, Retail Development Company provides its associated entrepreneurs with a good back office, proper purchasing conditions and the best profit margins.

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