The concept of traceability has already become a buzzword in apparel, food, wellness and beauty. But Boll & Branch is one of the few home and design brands that is proactively showing customers its supply chain.
Amazon is once again delaying a controversial new seller fee as the e-commerce behemoth looks to appease its hundreds of thousands of merchants after the original announcement sparked outrage among sellers. It's a sign that Amazon is looking to turbocharge the business as competitors encroach on its turf.
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After filing for bankruptcy and shutting down all 13 of its locations, Century 21 reopened its lower Manhattan locations. "We are, in fact, an iconic legacy piece of New York, and we're happy to be back," Larry Mentzer, the retailer's chief operating officer, said on the Modern Retail Podcast.
The lines between brand and performance marketing are blurring. It's no longer enough to spend millions on a TV campaign and hope people find your brand. In this series, Modern Retail looks into how the wild, expensive world of brand marketing has been upended over the last few years.
The big challenge facing many DTC startups right now is thinking through what financing sources they want to tap to fund initiatives like retail expansion and new product lines. Many are trying to rely on both equity and credit.
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
On supported laptops, tablets, and phones, Retail Modern POS users can perform a variety of retail tasks. These include processing sales transactions, viewing customer orders, managing daily operations and inventory, or viewing role-based reports. The Microsoft Dynamics AX Retail Modern POS device is a client. It does not perform business functions or data processing. All business functions are provided by Microsoft Dynamics AX Retail Server. Retail Modern POS clients can communicate with Retail Servers that are deployed in your store or in a data center. Retail Modern POS clients can also communicate with peripheral devices such as cash drawers, credit card readers, and printers by using Microsoft Dynamics AX Hardware Station. Hardware Station must be deployed in your store and all Retail Modern POS clients can connect to the same Hardware Station.
The view, view-controller, and devices layers depend on the operating system (for example, Windows Surface) on which you plan to deploy Retail Modern POS. The other layers are operating system independent and use TypeScript classes and modules to perform Retail Modern POS functionality such as workflows and entities.
But Washington Prime Group Vice President, Corporate and Litigation Counsel Stephen Ifeduba offers a different perspective on the business environment for the real estate investment trust based in Columbus, Ohio. The owner and manager of retail properties has a nationwide portfolio of 101 shopping centers, consisting mostly of enclosed malls, with approximately 54 million square feet of managed gross leasable space.
Contrary to public perception, brick-and-mortar retail spaces are still where people make about 85 percent of purchases. Consumers inherently appreciate a shopping experience that allows them to see, hold, and compare merchandise. The youngest adult shoppers, Generation Z, are leading a trend back to shopping with their feet on floors instead of fingertips on a keyboard. In response, mall operators are developing properties and events that make stores a destination.
In states like Ohio, where Washington Prime Group is based, Ifeduba grappled with additional complexities because moratoriums were placed on tenant evictions during the crisis period. Furthermore, landlords sought to defer mortgage payment terms to ease cash flow concerns.
The scale of transformation requires a new type of workforce, one that is equipped to translate the reams of digital data into actionable food operations and that can function seamlessly with machines to deliver a better customer experience. How, then, can retailers develop the critical skills required for the digital era?
The challenges of equipping the workforce with appropriate skills at the right time are not new. But given the speed and scale of disruption faced by the retail industry, firms must be increasingly agile and proactive in recognizing and developing the skills necessary for competing and remaining relevant.
Technology has been changing job functions ever since the start of the Industrial Revolution, but the future pace of change will outstrip that earlier transition. Automation and artificial intelligence (AI) will dramatically alter the tempo of workforce transformation. The workforce of the future will need to possess strong technical knowhow for positions such as data engineers, robotics experts, software developers, cybersecurity experts, and user-experience designers. Additionally, companies will have to address shortcomings in roles that call for advanced cognitive and emotional intelligence, for jobs needing problem solving, persuasion, leadership, and management of complex relationships. The retail sector will continue to experience the onslaught of rapid automation, placing new demands on employees. In the future, the focus will shift away from traditional roles, such as stock and inventory systems, to areas such as facilitating wider interactive store experience and multichannel sales growth.
Changes to learning need to be attuned with the changing times, and firms need to move away from traditional learning and development models to take a more agile, proactive, and creative approach. Many businesses have begun taking steps to improve their ability to equip their existing workforces with new skills. According to a recent Mercer Global Talent Trends survey, 42 percent of firms have upskilling programs focused on digital skills, 40 percent are increasing access to online learning, and 38 percent are deploying rapid internal skills courses. It is a step in the right direction but, in many cases, learning practices are still prescriptive and do not foster a culture of innovation. Only 50 percent of organizations were deemed as having a culture that encourages employees to stretch themselves, try new things, and operate outside of their comfort zone.
Modern learning must fit the individual organization, and there is no single off-theshelf solution. What works for retail may not be appropriate for other industry sectors. It should incorporate a continuous feedback mechanism to accommodate constant adjustments and adaptation to changing circumstances. Below are four practical ways in which firms can take a modern approach to learning.
Broadly, a modern learning approach should implement employer-led learning to the extent required to accommodate for business needs. This should be complemented by a range of discretionary learning content to provide flexibility to employees to broaden their skillsets in other areas of their choosing. This combination will vary and will need to be monitored regularly.
Organizations typically employ a range of delivery methods (such as online, face-to-face, and on the job) for different purposes, yet the options available for discretionary, employee-selected learning are often limited. It may be necessary to revisit existing preferences to provide more variety for employee-driven learning. Partnering with external content providers (see below) is an excellent way to broaden the content base and delivery channels.
Not all the content needs to be new or developed in-house. Partnering with professional learning and development providers, such as edX (which offers open online courses) or General Assembly (a for-profit education organization), can be an effective way to source content and structure the platform. This offers a more agile approach, ensuring that content remains up to date and contemporary, and that firms can access the latest analytical tools and technology.
For many, moving to a modern learning approach represents a major shift, but one that feels better tailored to the needs of both the organization and the workforce. As with any major cultural change, however, there is no guarantee of employee buyin. Past experiences often shape current attitudes; transforming behavior patterns and long-established mindsets will not happen overnight.
An important step is giving employees adequate support to fully understand the new learning approach, how it fits with the organizational objectives, and how it will benefit them personally. It is vital to communicate clearly and generate excitement about the new opportunities, for example by regularly publicizing success stories from an early stage. This marketing approach ensures employees witness tangible positive examples, as they learn to take more control over what and how they learn.
Digital transformation is not just about changing technology, but more importantly about changing people. For retailers, it will be key to attract not only the right skills, but also engage a workforce that is agile, responsive, and flexible as the industry adapts and transforms. The way a company shapes, reskills, and reorganizes its employees will play a fundamental role in its ability to respond to the future of work. Modern learning ensures that responsiveness becomes ingrained and, when done right, a source of competitive advantage.
The international company Aveda sells natural and organic products ranging from skin care to hair care. They are manufacturers and distributors of cosmetic products that use plant-derived ingredients, striving to set an example for environmental leadership and responsibility in the world of beauty. At a particular location in Canada, a cluster of Niche retail modern lighting hangs in the center of their store.
A gorgeous linear display of our Solitaire, Oculo, Bell Jar, Bella, Pharos, and Stargazer pendant lights hangs above the central counter, an inviting space where customers can sample products and speak with a beauty consultant. The pairing of our Smoke, Crystal, and Amber glass colors help to accentuate the clean, natural aesthetic of Aveda. 152ee80cbc
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