Did You Get the Black Friday and Cyber Monday Message from Consumers?
Another Black Friday and Cyber Monday have come and gone, and both the sales figures and consumer behavior data should serve as a wake-up call for the retail industry. Let's dive into some of the numbers.
Online spending on Cyber Monday 2015 couldn't maintain the torrid pace established over the weekend when sales increased 26 percent on Saturday and Sunday compared to 2014. But Cyber Monday sales were still up 18 percent, according to IBM. Data from Adobe Systems Inc. shows that total Cyber Monday sales exceeded $3 billion, with nearly $800 million coming from mobile devices.
Yusen, We Have a Problem!: GMO Labels vs. USA Exports
Kirk White, Yusen Logistics (Americas) Inc.
Kurt Vonnegut wrote in his epic masterpiece, Galapagos, that the biggest evolutionary defect in humans is their oversized brains. Just think about how many countries are in dire straits right now because the popular "opinion" on the value of their currency has gone down. Think about the stock market. The truth here is that public opinion has an effect on business, prices, and commerce. Right or wrong, very often it is the marketing of a concept or idea to the public that makes or breaks an industry. This phenomenon can be seen in the current debate on GMO's and export trade for the United States.
Ask a 3PL Expert: Third Parties Relieve the Pressure
Scott Weiss, Port Logistics Group
Q. Have any other suppliers attempted printing packing slips at the pack stations when a third party EDI platform is involved? Currently our 3PL is printing all of the packing slips and matching to the picks, which takes quite a bit of time. We'd like to print packing slips at the pack stations and have contacted the third party EDI firm for assistance. How are others accomplishing this?
Read the answer...
New RVCF Team Members
RVCF welcomes two new members to our team!
Michele Mittenzwei has joined RVCF as our Marketing Manager. Michele's previous experience includes various positions in solution sales and professional services, most recently with Exact Target, a Salesforce Company. Michele holds a B.S. in Management and Marketing from Kean University.
Alison Romeo has joined RVCF as our Graphic Design Manager. Prior to RVCF, Alison was a senior designer working with various brands such as Carvel, Subway, CVS, and BIC to develop new and exciting branding, packaging, and advertising for their companies. Alison holds a B.A. in Graphic Information Design from Central Connecticut State University.
Brick-and-Mortar Update: Tomorrow's Digital Trends and Today's Challenges
Carol Weidner, eZCom Software
Technology has forever disrupted traditional retail models, and the emergence of the "digital store" dominates today's industry discussion. Most presentations at the upcoming NRF Big Show center on the topic, headlines proclaim it, analysts debate it, companies mandate it, and retail executives lose sleep over it.
What is the "digital store" and why all the buzz?
Even in the Amazon age, the "clicks to bricks"1 phenomenon and shoppers' continued preference2 for shopping in physical locations demonstrate the enduring relevance of brick-and-mortar. But increasingly connected consumers with heightened expectations are changing both its nature and its role.
"Bleak" Friday 2015: A Perilous Season Ahead for Retailers?
Dwight D. Hill, McMillan Doolittle LLP
On a rainy, cold Black Friday two weeks ago I went to one of the local malls to check out the crowds. I was shocked – I drove right up to one of the department stores, walked in and saw neat displays with very few crowds. I had to check my watch to make sure I had the date correct! The crowds came later, but brick-and-mortar traffic was definitely down for Black Friday 2015. According to Shoppertrak, in store sales were down 10.4% versus 2014.1 So what is happening? Will it be a "blue" Christmas for retailers?
Another Step Closer to Implementation: The Current Status of the Trans Pacific Partnership and Its Implications for Manufacturers, Retailers and Distributors
Melissa Proctor, Polsinelli, P.C.
The Trans Pacific Partnership agreement ("TPP"), the largest comprehensive regional free trade and investment agreement that has ever been negotiated, is slated to be signed by twelve countries in the Asia Pacific region that represent roughly 40% of the world's economy. The Obama Administration has touted the TPP as a means for boosting U.S. exports, supporting higher paying jobs in the United States, growing the U.S. economy, and countering China's economic expansion. The full text of the agreement was made available to the public on November 5th.
How RVCF Simplifies Communication between Suppliers and Factories
In the October issue of RVCF Link, we explained how an RVCF Trading Partner Collaboration Group, a secure, cloud-based portal hosted on the RVCF website, is a valuable tool that RVCF retailer members can use to better communicate requirement changes to trading partners. However, communication barriers also exist between many merchandise suppliers and their factories, both domestic and abroad.