Greg Heinemann, CEO of Metro Mold & Design in Rogers, Minn., emphasizes employee empowerment and careful analysis of technology investment. "If you hired them for the job today, don't just prepare them for the job they're doing today but also for their job they're going to do tomorrow," he says.
Determining return on investment for labor-reducing systems accurately involves in-depth examinations of total equipment costs, total employee costs and efficiency, Jeff Kerns writes. He also discusses what several companies are offering as solutions.
US consumers are confident heading into the holidays and around 90% of Gen Z and millennials plan to bargain hunt this weekend. NRF's Katherine Cullen shares insights into the coming holiday shopping season on the latest episode of "Retail Gets Real."
Walmart-owned e-commerce player Jet.com woos job candidates with perks from ping-pong tables to four months of paid parental leave. Snacks, weekly happy hours and 120 hours of paid time off are also designed to help the company compete with Amazon in the quest for qualified staffers.
SoNo Collection is under construction as an enclosed retail center in South Norwalk, Conn., breaking from the trend of open-air shopping centers. Owner GGP is banking on the 700,000-square-foot property bridging a gap in an affluent community by adding high-end retailers such as Bloomingdale's and Nordstrom.
Charter Hall Retail is selling three properties: Renmark Plaza in South Australia, a Woolworths in Tasmania and Albany Creek Square in Brisbane. The move will divest more than $69 million in noncore assets from the fund.
Simon Property Group says most retailers at its Massachusetts retail centers will open their doors at 12:30 a.m. Friday this year. The state's blue laws prevent retailers from opening on Thanksgiving.
Here's a look at Houston's retail centers when they opened their doors. Both past and present properties have changed significantly, as these photos show.
The Cheesecake Factory opened its first Canadian location last week in a Toronto mall that draws 18 million annual visitors. Calls for reservations began coming in when news of the planned restaurant broke last spring, and the chain's popularity with Canadians visiting the US has the company confident of success, said spokeswoman Alethea Rowe.
Retailers including Walmart, Best Buy and Toys R Us are offering earlier access to Black Friday deals and bigger perks for loyal customers to compete with Amazon this holiday season. Target is trading its 10 days of deals for weekend promotions during the season to encourage more frequent trips.