Monthly Newsletter | JUNE - JULY 2017 | Fifteenth Issue
S-CUBE Fixtures What's In Store this month

Table of Contents

Turn Your Fixtures into a Profit Center
No Repeal of Debit Card Swipe Fee
Boost Your Efficiency - Microsoft Outlook
Millennial Talent in the Workplace

 

Turn Your Fixtures into a Profit Center
Fixtures are the backbone of a retailer’s business. So how do you make the most of them?



 

It’s easy to fall into the trap of taking your displays, shelves, and mannequins for granted. However, without these fixtures, your stores sales would be in trouble.

They are doing more than keeping your merchandise off the floor— the right fixture, used in the most effective way, can make the difference between meeting your sales goals and missing them.

This article explores ways to measure the impact of fixtures, arranging them in effective ways, and choosing the best ones for your stores.

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No Repeal of Debit Card Swipe Fee Reform
Retailers welcome reports that the House will drop efforts to Repeal the Debit Card Swipe Fee Reform



 

The National Retail Federation welcomed reports recently that House Republican leaders plan to abandon an attempt to repeal debit card swipe fee reform that has saved retailers and their customers more than $40 billion and brought badly needed competition to the payments market.

“This is a major victory for the consumers who have saved billions of dollars under swipe fee reform and for the communities where retailers have used swipe savings to improve customer service, create jobs and boost the local economy,” NRF Senior Vice President and General Counsel Mallory Duncan said. “Repeal of reform would have allowed banks to return to the uncompetitive market that allowed them to set these fees as high as they liked. The progress that was made toward competition would have been lost, and consumers would have seen nothing but higher prices.”

Debit reform was enacted as part of Dodd-Frank in response to the card industry’s practice of price-fixing the debit card “swipe” fees banks charge merchants to process transactions. The fees previously averaged 1-2 percent of the purchase amount, and virtually all banks that issue cards charged the same.

Under reform regulations that took effect in October 2011, large banks are limited to 22 cents per transaction, down from an average 45 cents in the past. The limit saved retailers about $8.5 billion in the first year alone, with close to $6 billion of the savings passed along to consumers, according to a study by economist Robert Shapiro. Banks that set the fees competitively and independently are exempt from the limit, but virtually none have done so. Banks with under $10 billion in assets are also exempt.

Reform also required that merchants be given at least two choices in the networks that route debit transactions to the banks for processing, typically one controlled by Visa or MasterCard and a competing, independent network that can offer advantages such as lower fees, better service or better security.

 

 

NRF Debit Card Swipe Fee

 
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Boost Your Efficiency - Microsoft Outlook
Check out these 10 great tips to boost your efficiency with Microsoft Outlook



 

Managing your email, calendar and tasks is a never-ending job. Here are some tips and tools within Microsoft Outlook to maximize your productivity.

Streamline Your Inbox

1. Organize your emails into folders. Create a system that’s intuitive and logical for you to save time and stay on top of your incoming email.

2. Block emails from specific senders to eliminate junk mail.
Click Home > Junk email options, then in the new window that opens you can identify which senders (and even which countries) you want to block as spam.

Optimize Your Efficiency

3. Create email templates for messages you send on a regular basis.
Go to File > Save As… > Outlook template. Then click on Items > Choose Form… > User Templates when you’re ready to put that pre-saved form to use.

4. Compose an email now and schedule delivery at a future date and time. This is especially useful when you will be in long meetings or getting on a plane.
Write your email, then go to Options > Delay Delivery > Do not deliver before, then specify the time and date you want it to go out.

5. Rely on sticky notes for task reminders.
Press Ctrl + Shift + N from anywhere in the Outlook interface to create a new note that can be dragged and positioned anywhere on your screen.

6. Use natural phrases to create a calendar event.
Type phrases like “next Saturday” or “two week from now” into the date field and let Outlook do the rest.

7. Take advantage of Outlook’s web-based interface.
Outlook 2013, Office 365, and other versions of the program use a web-based view accessible from any device. Microsoft’s Send email app allows you to send quick notes between co-workers – and inputs it into your Microsoft Outlook history for easy archiving and access.

Create Faster Access to What’s Most Important

8. Save important emails, calendar events, and notes as files on your desktop for easy access.
Drag an email, calendar entry, or other note on to your desktop or into a folder,
or
Click File > Save As if you’d like to save it in a specific file format. When you’re ready to access it, double click and it will automatically open in Outlook.

9. Display connected email messages as conversations – particularly handy for long email threads.
Click View > Show as Conversations.

10. Minimize distractions by only getting desktop notifications from selected contacts.
Turn off desktop alerts in File > Options > Mail Options
Then create a custom rule to only display alerts for messages sent to you by specific contacts.

 

 

Work Smarter Not Harder - Use your keyboard shortcut keys!

 

 

 
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Millennial Talent in the Workplace
3 Key Insights for Retaining Millennial Talent in the Workplace



 

While many of the myths surrounding the Millennial generation have proved false – no, they’re not all living in their parents’ basements – there is one that rings true: Millennials’ job tenure is significantly lower than previous generations of employees.

According to research, Millennials on average stay at their first job for only two years, compared to five years for Gen X and seven years for Baby Boomers. This means employers now have to work much harder at retaining their top talent - they must go beyond just a competitive salary to include and improve workplace culture.

Today’s top modern brands, such as Google and Amazon, have figured this out and, as a result, not only have a more efficient, driven and committed workforce, but also a greater ROI.

How have these top modern brands accomplished this?
By recognizing three key Millennial employee insights:

Millennials don’t work for you, they work with you

Unlike previous generations, Millennials are not willing to get a job simply to “have a job.” As a highly aspirational cohort, they feel strongly about the places they work for and don’t want to be viewed as just another cog in the machine. Millennials want work environments that align with their collaborative nature and propensity for voicing their opinions, and 88% say they prefer this type of work culture rather than a competitive one.

Additionally, Millennials have led a charge of de-formalizing the workplace. They don’t want all of their in-office communication to be work-related all of the time. Millennials value their personal lives, and the opportunity to share their experiences and interests with those around them, so at work this is important. This is a major component of this generation’s push for the need to have a “mentor” rather than a “manager.”

Millennials Value Entrepreneurialism

Although entrepreneurship is a relatively new concept in the market, it is highly valued by Millennials. It encourages creative thinking from internal employees by giving them the autonomy and resources they need to think outside of the box, leading to disruptive innovation.

Aside from the potential for added dollars to the bottom line, entrepreneurialism also invigorates employees who are yearning to pave their own way. According to Buzz Marketing Group, nearly a fourth of Millennials say they want to quit their job to start their own projects. By encouraging such employees to be independent and use their skills in new ways in-house, companies can retain the talent they need most.

Millennials Respect Your Feedback – and want it often

Speaking of Millennial myths, this generation does not think that it is better off doing everything on its own. In reality, these workers crave coaching. But don’t assume this means they expect their hands to be held; rather, Millennial employees want to learn from what their leaders have to say and the experiences they’ve already had.

As this generation has grown up in an era of remarkable connectedness, they are also used to instantaneous feedback in all facets of their lives. This is no different in the workplace. According to a recent Gallup study, Millennial employees want to have the immediate ability to ask questions, share opinions and provide commentary and have their boss do the same. Real feedback that occurs on a more frequent basis than once a year (think monthly or quarterly reviews versus annual reviews) is what will keep Millennial talent engaged over time.

While resonating with Millennial consumers is important to any brand, so is resonating with Millennial employees. These young workers will someday be leading the C-Suite and have the mindset to bring innovative ideas to the table. By fostering a culture of ideas and creating a space where they can excel based on their interests, companies will find greater success. If they don’t, they will likely find that their best brand ambassadors have packed up and left for another opportunity.

 

 

Millennials working

 
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