The Rundown: Data-Driven Retail Assortment Strategy In an era where consumer spending is as unpredictable as a roulette wheel, retailers are turning to data to refresh their retail assortment strategy. It’s no longer about just stocking shelves; it’s about curating an experience that resonates with shifting consumer preferences. The Misstep: Many retailers have been playing a…
Originally published in Innovations of The World. Can a business founded as a retail liquidation company innovate to save retail? Hilco Consumer-Retail (HCR) is undoubtedly trying – and succeeding in retail innovation in BIG WAYS! Retail – and the consumer product businesses that feed them inventory – is among the most troubled sectors in the United…
By Gary Crunkleton, EVP of Operations, Hilco Global Unlike other retailers, modern grocery stores are a commodity and a necessity. A grocery store’s top priority is meeting its customer’s immediate needs. New technology and shifting customer habits have changed the way today’s grocers meet those needs. For a grocery store to achieve a successful customer…
By Glenn Schwartz, Product Lead, Restore for Retail Today, retailers face reduced staffing levels along with a severe shortage of experienced workers. This makes it more important than ever to motivate and empower your shrinking pool of associates to execute in-store activities flawlessly and efficiently. At stake is nothing less than shopper satisfaction, making this…
By Jay Hunt, Inside Sales Associate, ReStore for Retail Following a recent commercial flight I took, I immediately pulled out my cell phone and opened a rideshare app to schedule a ride to my destination. This really started me thinking about how technologies are shaping the way we live, work, and connect, and about the…
RESTORE FOR RETAIL LAUNCHES INNOVATIVE RETAIL APP ENABLING MERCHANTS TO IMPROVE OPERATIONS, BOOST IN-STORE SALES AND PROFITABILITY NEW YORK, NY (Sept 13, 2023) – ReStore for Retail (A Hilco Global Company) today introduced its new mobile visual merchandising and operations platform to leading global brand executives and investors at the Consensus Great Brands Show in New York. The…
By Ian S. Fredericks, President of Hilco Consumer-Retail The retail execution process is all about converting store traffic into revenue. Today, that’s more difficult than ever because various factors are conspiring against it. Fortunately, there is a solution — an innovative retail execution platform. What’s the problem? For starters, the retail team hierarchy hasn’t really changed in decades….
By Mike Dwyer, Executive Vice-President Head of Operations for Hilco Global. When I was a retail director of stores, I spent most of my time ensuring my stores had an appealing, consistent visual appearance. It was not an easy task. I now work directly with large brands at Hilco Global, and consistent in-store execution for…
By Hunter Korpi, Director of Sales, ReStore for Retail A few weeks ago, while speaking to a colleague in the retail technology industry, I had an epiphany on how so many vendors in the space use the slogan, “For Retail, By Retail.” Vendors love to espouse their deep understanding of the challenges stores face, and…
By Cameron Wakefield, Director of Customer Success, ReStore for Retail Join us as we explore how humans, armed with mobile computers and empowered by AI and retail management software, will shape the future of retail. I believe Doug Engelbart might very well have been thinking about the retail sales floor when he said, “Computers won’t…