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The crisp air has blown in and the smell of pumpkin is everywhere – from your morning latte to the incense in the office – and that can only mean fall has arrived. The new season begins, bringing with it the highly anticipated annual New York City Wine & Food Festival, one of the largest wine and food festivals in the United States.

“We are excited to unveil our 2015 event lineup, which includes the return of festival fan favorite events and a variety of new experiences for our passionate attendees,” says Lee Brian Schrager, festival founder and vice president of corporate communications and national events for Southern Wine & Spirits of America Inc. “Festivalgoers will have the opportunity to see their favorite chefs and culinary personalities, including both veteran and new faces from the Food Network & Cooking Channel, plus interact with leading winemakers and spirits producers from the Southern Wine & Spirits of New York portfolio.” 

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If you want to meet the more than 22,000 influencers and professionals in the convenience and fueling retail industry, travel no further than the NACS show coming this Oct. 11-14 at the Las Vegas Convention Center. The four-day show will be fueled with learning sessions, buying and selling opportunities, networking and, of course, lots of fun.

At NACS, retailers can discover ideas and strategies to increase sales and build brands while suppliers can exhibit to increase exposure, introduce products and obtain leads. Last year, 24,000 people attended and 1,167 companies exhibited, all from more than 60 countries in 400,000 square feet of space. 

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Even with my sensible flats on, I couldn’t comprehend how exhausted and sore I would be after four days of MAGIC in Las Vegas. It’s hard to imagine the enormity of it until you’re walking through the vast expanse of clothes, jewelry, shoes, bags and so much more. The twice-annual fashion tradeshow is spread across the Las Vegas Convention Center and the newly renovated Mandalay Bay Convention Center with a combined 1.15 million square feet of exhibition space.

Across the convention centers were more than 4,500 brands showcasing their designs for the coming spring/summer 2016 season. The more than 60,000 attendees were all impeccably dressed and many of the female attendees towered through the halls on 5-inch heels; my feet hurt just thinking about it! But the tradeshow attracts all kinds of people: designers looking for inspiration, models participating in fashion shows and retailers picking out the latest and greatest for their stores.

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The National Association of Chain Drug Stores’(NACDS) Total Store Expo took place Aug. 22-25 at the Colorado Convention Center in Denver. The expo is the premier event for retailers and suppliers in the chain drug store industry to get together to form strategic and tactical collaborations. Attendees gained new insights into their business and how to more efficiently run their operations.

“NACDS is you,” said NACDS President and CEO Steven C. Anderson during his address at the expo. “That engagement drives the success of everything NACDS does: advocacy, public policy, communications, media relations, pharmacy operations, patient advocacy, meetings and conferences, the NACDS Foundation and much more. Constant and transparent dialogue with the membership helps NACDS pick up the issues and topics that demand a response. This NACDS Total Store Expo is the place to be to solve today’s business, policy and political equations – the ones we know and the ones we don’t know yet.”  

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Shrink losses inflicted on retailers are widespread and staggering. According to the National Retail Federation (NRF) and University of Florida survey, “inventory shrink amounted to $44 billion in losses to retailers in 2014.” How much could be attributed to internal or customer theft? The survey determined that 35 percent of shrink stemmed from employee or internal theft while customer shoplifting was responsible for 38 percent of the loss. In some years, internal theft loss has been estimated as high as 43 percent exceeding customer shoplifting losses.

Culture of Engagement

Retailers of all sizes and category are acutely aware of shrink’s impact on their profit margins and are constantly working on loss prevention approaches to combat it. The first step is to create a store culture that engages employees and commits them to reducing inventory shrink. Employee engagement and alertness is fundamental to a successful loss prevention program.

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