Quentin Fottrell / MarketWatch – Experience of StubHub and J.C. Penney suggests people like price tricks. Maybe consumers can’t handle the truth. We say we don’t want to be tricked by price-tag gimmicks and hidden fees, but companies find that when they’re up front and honest, they lose customers. Three months after StubHub began including […]
Archives for March 2014
Hip Check
The influence of Millennial shoppers is hardly a new topic, but as I recently learned at the 2014 SPECS conference, Millennials are certainly a force to be reckoned with. Within six years, Millennials will represent 1/3 of all retail spending, making it imperative that retailers find ways to engage this group. But so far, from […]
New businesses run leaner as job growth fails to bounce back
Amy Martinez / The Seattle Times – On the eighth floor of a 1930s downtown building that once housed many employees of Pacific Northwest Bell, dozens of fledgling technology companies at a startup incubator represent a new approach to hiring. Most have only one or two full-time employees and use part timers as needed. Cloud […]
Store Closures Predicted Due to Cerberus’ Purchase of Safeway for $9B
Scott Baltic / Commercial Property Executive – An investor group led by Cerberus Capital Management L.P., and which already owns the parent company of Albertsons and several other major grocery retailers, will buy Safeway Inc., of Pleasanton, Calif., for about $9.4 billion, Cerberus announced Thursday. The investor group, AB Acquisition L.L.C., which owns Albertson’s L.L.C. […]
Retail watcher predicting a rash of store closings
Joan Verdon / The Seattle Times – The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building way too many stores. That day of reckoning, some say, has arrived, with one retail watcher […]
More stores likely to be shuttered
Joan Verdon / The Columbus Dispatch – The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building far too many stores. That day of reckoning, some say, has arrived, with one retail watcher […]