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Wal-Mart's History Of Copying Rivals | www.intelliretail.com

Wal-Mart's History Of Copying Rivals | www.intelliretail.com | IntelliRetail | Scoop.it


GettyWalton’s Five and Dime was the predecessor to Wal-Mart.

Wal-Mart has a long history of stealing ideas from competitors.

In a recent interview, Wal-Mart Stores CEO Doug McMillon said the tradition is part of the retailer’s “DNA.”

“I mean going all the way back to Wal-Mart founder Sam Walton, we had a part of our DNA that was interested in learning from others,” McMillon told PBS’ Charlie Rose. “Copying good ideas. Don’t be so proud that you can’t implement a good idea.”

Source: Wal-Mart Founder: ‘Most Everything I’ve Done I’ve Copied From Someone Else’ | Business Insider India



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Why Online Shopping Is A Nightmare For Retailers | www.intelliretail.com

Why Online Shopping Is A Nightmare For Retailers | www.intelliretail.com | IntelliRetail | Scoop.it

Every major retailer is investing heavily in e-commerce and many are closing physical stores as more and more consumers shop online.

It might sound like a money-saving move to shift more business online.

But due to shipping and packaging costs, as well as higher rates of returns, some retailers end up losing money online – xosts can run as high as 25% of sales for retailers that outsource their e-commerce operations.

Source: Why Online Shopping Is A Nightmare For Retailers | Business Insider India
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A brief history of Black Friday | www.intelliretail.com

A brief history of Black Friday | www.intelliretail.com | IntelliRetail | Scoop.it

The modern use of “Black Friday” didn’t come from: sales records going from red ink (losses) to black ink (profits), a stock market scam in 1869 (that did happen, though), employees calling in sick the day after Thanksgiving to have a four-day weekend, the American slave trade. Thankfully, the truth is far more interesting.

The term “Black Friday” originates with Philadelphia traffic police in the mid-20th century – for the day following the Thanksgiving holiday every year when the traffic in downtown (Center City) Philadelphia became almost unmanageable . They called it “Black Friday,” because of the massive traffic jam that they dealt with all day due to shoppers, and then all night due to the Army-Navy football game.

Every ‘Black Friday,’ no traffic policeman was permitted to take the day off. The division was placed on 12 tours of duty, and even the police band was ordered to Center City. It was not unusual to see a trombone player directing traffic.”

Source: Black Friday: a brief history of madness and discounts
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Why Retailers Keep Sending You Catalogs | www.intelliretail.com

Why Retailers Keep Sending You Catalogs | www.intelliretail.com | IntelliRetail | Scoop.it

Many things made with paper have become relics because of computers and the Internet: the Rolodex, multi-volume encyclopedias, even physical maps.

Now take a look in your mailbox or somewhere around your house. There’s a good chance you’ll see a shopping catalog, maybe a few of them now that it’s the holiday season.

So why, in the digital age, are they still around?

Source: Here’s Why Retailers Keep Sending You Catalogs : NPRRights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

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How Start-Ups are Changing the Future of Retailers | www.intelliretail.com

How Start-Ups are Changing the Future of Retailers | www.intelliretail.com | IntelliRetail | Scoop.it

There is a wave a foot in the start-up community with companies developing products that will make it easier for consumers to find the best price for an item. Consumers will even be able to check out where the product is available locally for the best price – all from just standing in front of a retail shelf and looking up the item on their mobile device.

This creates a huge problem for retailers. It’s as if every store on the planet is located in the palm of a consumer’s hand.

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Creating Engaged Brand Evangelists with Social Media | www.intelliretail.com

Creating Engaged Brand Evangelists with Social Media | www.intelliretail.com | IntelliRetail | Scoop.it

For nearly 10 years, social media has been in the spotlight and, at the same time, a thorn in the side of many companies. Retailers in particular are constantly reminded of social media’s influence.

Instead of steeping themselves in expert tips and hacks, companies would be wise step back and remember what’s at the core of the social interaction: Social platforms are merely tools for achieving a higher goal, which is creating an engaged customer base of brand evangelists.

Source: Fashioning a Memorable Retail Experience That People Will Share – Yahoo Finance

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