Blog posts tagged Retail
Posted on 04/28/2017
Depending on your role in an organization, you may not think about accounting standards very much (or at all). In fact, there are many reasons you should be thinking about the implications of the FASB 842 lease accounting changes.
Posted on 12/13/2016
Hear from Accruent and Cresa on the impact of FASB 842 on leased assets.
Posted on 12/01/2016
As the new FASB regulations roll out, it’s now more important than ever to make the right choice about which software to use to manage your leases. In this blog edition, we will explore some key aspects you should be thinking about (if you aren’t already).
Posted on 10/06/2016
The 10th annual Accruent Retail Executive Summit took place last month, and the event was a rousing success. The theme was “Building the Customer Experience.”
Posted on 09/06/2016
As the industry leader in lease accounting, we are now introducing functionality to begin the adoption of lessee accounting as it applies to the newly released FASB lease accounting standards. With the 8.6 release, Accruent clients can begin their adoption of the new FASB lease accounting standards in preparation of the final adoptive date of 2019.
Posted on 08/16/2016
In our first blog, we gave you a little teaser of how we’re ready for the upcoming FASB changes. This week we’re going to go a bit more in-depth with some of the FASB-related features of our upcoming Accruent 8.6 release.
Posted on 08/04/2016
Over the next few weeks we’ll be publishing a series of blogs laying out the challenges of FASB, Accruent’s upcoming product release, and how we partner with you to meet compliance standards.
Posted on 06/09/2016
For the retail industry, the storefront has taken on an entirely new meaning.
Posted on 05/25/2016
The FASB and IASB’s lease accounting changes are coming. Is your company ready?
Posted on 02/24/2016
As consumers slowly move towards doing more of their shopping online, retailers must adapt to changing consumer preferences and patterns. Retailers need to match the technology that consumers are already bringing with them into the store. More than half of the key 18-to-44 demographic surveyed said that they’re “likely to favor a store with advanced mobile capabilities.”
Posted on 12/17/2015
Here are five ways a mobile app can enhance your in-store customers’ experience.
Posted on 11/13/2015
Once you're armed with the data you need to assess your portfolio, you can begin to think about how to prioritize your capital projects. But, what is the best way to do this? Learn more in this blog post, which provides insight into what to consider when prioritizing your capital investments.
Posted on 11/12/2015
The way that the Internet of Things (IoT) has transformed businesses has been a widely discussed topic that continues to make news. As a retailer, capitalizing on IoT doesn’t necessarily mean having to find ways to connect your products to the internet. Instead, you can find ways to connect your business model, from the warehouse to in-store customer experience.
Posted on 10/29/2015
Athleisure features garments that blur the line between athletic wear and casual, every day wear. While brands like Lululemon have catered to the growing trend for years, other businesses are hurrying to join the competition. Experts ponder over whether this trend is a passing fad or a shift in retail that’s here to stay.
Posted on 10/28/2015
Concerns over data security keeping you from moving to the cloud? Join us in our next webinar on Thursday, November 5 to learn how you can keep your data secure in the cloud.
Posted on 10/14/2015
Fall fashion hit the runway last month, and within days you could find the newest trends at an affordable price at retail stores like Zara, H&M and Forever21. Delivering high-end designs to a mass market sounds like a good idea, but at what price does it come?
Posted on 09/10/2015
E-commerce companies like Amazon have transformed customer expectations with features like a seemingly boundless inventory and same-day delivery. Although this has left many retailers grappling to compensate for their limited offerings, bigger retailers have become savvy by transforming storefronts into mini distribution centers.
Posted on 09/03/2015
Last week, Accruent had the pleasure of spending time with some of our valued retail customers for the 9th annual Retail Executive Summit, held at the Muirfield Village Golf Club. We had three fun days filled with thought-provoking presentations, roundtable discussions and, of course, plenty of golf.
Posted on 08/20/2015
Retailers are not just competing with ecommerce giants and other brands. Learn how to set yourself apart with a unique “third space.”
Posted on 07/31/2015
Eyebrows raised at the future of retail during the economic recession in 2008 in conjunction of the rise of e-commerce. However, market research firm eMarketer projects e-commerce will grow beyond $3.5 trillion in the next 5 years, with $1.672 trillion spent online this year. Read this post to understand four reasons why retail’s on the rise again.
Posted on 07/20/2015
With over 8,000 locations around the U.S., Family Dollar is an established brand that, like many other retailers, is challenged to effectively manage its real estate lifecycle. Learn how Family Dollar implemented a suite of real estate management solutions to make better-informed site selections, accurately track and manage construction projects with preferred vendors, and maintain visibility into its portfolio’s condition.
Posted on 07/09/2015
There is a shifting real estate demand in the retail industry based on socioeconomic trends. Trends include the rise of discount stores, shifting expansion plans and growth of lifestyle centers or “the third space.” Read this blog post to learn more about what it means for the future of retail.
Posted on 07/02/2015
From site selection to project management to facility management, retailers must make a wide range of real estate decisions that could make or break its future success. Join us for a free webinar on Thursday, July 9, “Family Dollar Best Practices: Managing the Real Estate Lifecycle.” The webinar will be hosted by guest speaker Pam Frailey, Senior Manager, Real Estate Administration, Family Dollar.
Posted on 06/18/2015
Pop-up shops are a marketing move that’s gaining popularity for retailers, both new and seasoned. They take form in mobile trucks, kiosks and temporary residency in vacant brick and mortar spaces. From tech gadgets to designer sunglasses to homemade crafts, learn more about why an array of businesses have taken to flash retail.
Posted on 05/29/2015
Last week, Accruent attended ICSC RECON, an impressive retail conference held in Las Vegas, NV. It was the perfect avenue for companies to promote their products, strengthen existing relationships and forge new ones through deals made right there on the showroom floor.
Posted on 05/13/2015
We are excited to announce that Shake Shack is joining the Accruent customer family! Ranked in the top 50 of the fastest growing small chains in America by Restaurant Business Magazine, Shake Shack will use our industry-leading project management system to support its growth in the U.S.
Posted on 03/25/2015
The retail landscape has shifted over the past few years, creating a need for retailers to change their growth strategy. Accruent presents an infographic on the 6 retail real estate changes that are making a big difference.
Posted on 02/16/2015
With the rise of e-commerce, the shopping landscape has inevitably evolved to better meet the expectations of today’s consumer. However, a study shows that it’s far from time for shopkeepers to lock up. Rather, commercial properties are thriving more than ever.
Posted on 12/15/2014
Real Estate, Design/Construction, and Facilities teams are constantly being asked to do more with less, to be more efficient, and to scale. A key pillar to achieving that is the need to work together more effectively which is not always an easy task when teams are often large, include people from various organizations and are often geographically distributed. In this upcoming series, Accruent’s Senior Vice President of Strategy, Melissa Sitton, will share her experiences and observations of teams who successfully overcome these challenges and develop successful team collaboration.
Posted on 08/18/2014
A retail company and its operations cannot work in a silo, nor should it. Whether it’s entering a new market or making improvements to existing real estate, retailers can benefit from collaborating and sharing best practices with vendor partners, franchisees and contractors.