After inclement weather in January led to weak mall traffic, retailers have another challenge to face: “the hidden heating ‘tax.’” KeyBanc analysts say the extra $50 to $200 in heating bills may cause consumers to pull back on discretionary purchases this spring.
3VR is one of many companies selling “big data video-mining” to retailers. It can figure out a customer’s age, gender and mood, on a scale of 1 to 10, in real time.
Vera Bradley, TJX, and American Eagle will be impacted the most based on their store count in the Northeast and Midwest, Citigroup analysts say.
H/t to The Nation for learning it was created by a website tied to a former Walmart exec.
Maybe J.C. Penney can go on the Shark Tank.
The two e-commerce retailers are aggressively trying to undercut each others’ book prices, which is great for consumers but not so much for authors.
The CEO of Simon Property says the company is “treading very, very carefully” regarding deploying technology that tracks shoppers in stores.
Labor rights groups plan to launch a new campaign against Gap even though it wasn’t producing clothes at the factory that collapsed in Bangladesh last month. A new website called “Gap Deathtraps” launches Wednesday.