Learn How To Thrive in the New Target World
GO 1:1 WITH TARGET EXPERTS!
Expectations are being dramatically shifted at Target that will require its suppliers to work differently to become better aligned with various operating priorities and changes in the business mix. LumiData is offering Target suppliers the chance to learn more about the Target transformation first hand in personal, one-on-one meetings with Bryan Carlson and John Zapfel, two former multiple-positioned Target buyers who recently joined LumiData.
LumiData is offering a limited number of personal presentations throughout February and March.You can choose to have your presentation conducted at our office, your office or via Webinar.
New SOLYS Features
The National Retail Federation predicts record Valentine’s Day sales this year, estimating that February 14 sales will contribute about $18.9 billion to the economy. When it comes to the gifts purchased, more than half of popular Valentine’s Day purchases are candy, more than a third are flowers and about a fifth are jewelry. The NRF projects that younger people will spend more this year. Those between 25-34 will spend $114.46 each, followed by those between 18-24, who will spend $104.15 each. And men who make over $50,000 a year will each spend a whopping $190.53!
The Black Friday numbers are in. The Cleveland Plain Dealer reports that shoppers hitting stores and websites between Thanksgiving and the following Sunday were down 5.2 percent which resulted in an 11 percent decrease in sales. Michael Shay, president and CEO of the National Retail Federation, says retailers are still incredibly optimistic and that the retail federation is sticking by its earlier forecast that holiday sales will grow 4.1 percent this season.
10.29.14Spine-chilling Inventory Issues?
With Halloween just around the corner, retail stores are filled with goblins, ghosts and ghouls, but there’s a really frightening specter lurking out of sight in many stores — phantom inventory — goods that retail inventory accounting systems consider to be on hand, but actually do not exist. There are many explanations for this ghost-like inventory—items being moved without recording changes in inventory systems, theft and check out and data entry errors, just to name a few. But no matter the reason, the resulting discrepancy is completely unnerving.