With graduation season in full swing in the United States, NRF's research team dug into data from labor market analytics firm Emsi to learn more about who these graduating students are and what career opportunities they're considering. See the data.
Reverse logistics firm Returnly is offering a Green Returns option for certain retailers that allows customers to get refunds without requiring product returns. "It just makes good business sense to reward our best customers instead of moving forward with a return that cannot be resold," said Thinx executive Brendan Hastings.
Word-of-mouth marketing is a powerful promotional tactic, and Suzy Fielders explains how to get customers talking about your business. Consider setting up a rewards system, relying on your biggest fans for more exposure and making the process as simple as possible, she writes.
Before borrowing cash to expand your team, it's important to ask yourself a series of questions, writes Ben Luthi. Be sure to list the reasons for hiring, calculate the total cost of a new employee and consider the potential return on investment, he writes.
There are many funding sources available to start a business, including crowdfunding, microloans and cash from family and friends, writes Rieva Lesonsky. "You can either borrow money from your friends and family or make them investors and give them a stake in your business," she notes.
Veera Gault, a former culinary professor, opened an Oil & Vinegar location with her husband in Greenville, S.C., a few years ago. "We do a lot of pairings, and we match an oil and a vinegar together to give you an idea of what you can do with it as a salad dressing, as a marinade, or even just to cook with," Gault said.
Seven of the 10 fastest-growing college majors are in STEM fields, according to a data analysis by NRF researchers. The growth likely represents a shift to more skill-based training, and some retailers are launching their own programs, including The Home Depot which created the OrangeMethod bootcamp to teach coding.
The purchasing managers index for US manufacturing this month is at its lowest level since 2009, although still expanding at 50.6, IHS Markit says. New orders shrank for the first time in nearly a decade.
Manufacturing incubators can offer contacts and support, help manage risk while encouraging innovation, and reduce costs, writes Katherine Began of Polycase. Incubators can also potentially provide equipment that manufacturers otherwise wouldn't access.