Fewer holiday window displays among New York City retailers suggest they might be giving in to the supremacy of online shopping. "I've been here 25 years, and in my experience, our desire is not to sell merchandise so much as to be part of the New York experience," said Jack Hruska, executive vice president for creative services at Bloomingdale's.
The Federal Reserve must stop its strategy of keeping interest rates extremely low in an attempt to boost growth, said Allianz chief economic adviser Mohamed El-Erian. The new president and Congress must work to generate growth in order to "take pressure off the central banks," El-Erian said.
An omnichannel mobile commerce strategy is necessary to reach customers whose purchase path is not as predictable as it used to be, writes Katherine Frangos. For example, Ringling Bros. and Barnum & Bailey Circus discovered that many of their buyers decided to buy while browsing their site on a smartphone and made the actual purchase from a separate device, so they adjusted their mobile commerce strategy and increased ticket sales by 30%.
Stand in a high-traffic area such as the end of the bar or buffet line to avoid looking awkward at the office holiday party, behavioral investigator Vanessa Van Edwards suggests. When talking to co-workers, maintain a distance of at least 18 inches.
Twitter has acquired a seven-person startup and has named the startup's founder Twitter's vice president of product. Twitter reportedly had trouble filling the position after the former head of product stepped down in January.
Michigan's attorney general is going to court to stop the vote recount in that state requested by Green Party candidate Jill Stein. Attorney General Bill Schuette said Stein's recount request "poses an expensive and risky threat to hardworking taxpayers and abuses the intent of Michigan law."
President-elect Donald Trump has named retired Gen. James Mattis as his secretary of defense, calling him "the closest thing we have to Gen. George Patton." The appointment would require a congressional waiver of a law intended to ensure that civilians retain ultimate control of the American military.
President-elect Donald Trump will inherit a strong economy when he takes office, with new data showing 178,000 jobs added in November and the unemployment rate at a nine-year low of 4.6%. "The incoming administration stands to inherit a stable and growing economy with the strongest overall job market in a generation," said Andrew Chamberlain, chief economist at Glassdoor.
"There is likely some truth" to claims that Russia tried to influence the US presidential election, whether through hacking or the dissemination of fake news, said professor Scott Radnitz, but it's unclear how much impact the Kremlin's efforts had. "Based on the evidence, it seems highly unlikely that actions by the Russian government contributed in any decisive way to Trump's win over Clinton," writes Lauren Carroll.
Although leaders should be proud and empower their employees to feel the same, there are limits to pride's benefits, writes James Heskett. Arrogance among proud employees can ultimately harm relationships with customers, investors or suppliers.
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