Entries by Nathan Steadman

Life After the Pandemic –How Do We Get Our “Stuff”?

George Carlin centered one of his most famous acts around the concept of “stuff”. He famously said, “That’s all you need in life, a little place for your stuff.” We have built an entire retail economy around this concept, and we plan for months, if not years, in advance to keep the flow of “stuff” going. We are now faced with a difficult conundrum. The flow of “stuff” has been halted by COVID-19.

The Challenges and Importance of Maintaining and Managing Inventory Accuracy in Omni-Channel Retail Stores

As retailers move to expand their omnichannel strategies to allow customers to easily purchase products both online and in store, inventory accuracy is critical to maintaining customer satisfaction. Retailers effectively look to drive sales through initiatives such as BOPIS (buy online pick up in store), SFS (ship from store) and even customers just finding the […]

Cash Wrap Improvement and Throughput Considerations

Customers hate to wait. And, according to M.I.T. operations researcher Richard Larson, widely considered to be the world’s foremost expert on lines, their perceived wait time is longer than actual wait time by as much as 36 percent… To remedy this, retailers have employed many tactics over the years to reduce customer wait times and perception. […]

Retail Holiday Hiring Strategies

With the recent announcement by Amazon, that they will be increasing minimum wage for hourly employees to $15; the first reactions have been great, but true altruism might not be the real reason… Let’s take a closer look at a few key facts: Currently, unemployment is at record lows. In fact, it’s the lowest it’s […]