Congratulations to Maxime Cohen,聽Professor of Retail and Operations Management, winner of the聽2022 MSOM Young Scholar Prize, awarded by聽Manufacturing and Service Operations Management - MSOM Society of INFORMS.
Category:
Published on: 12 Jul 2022
For years, paparazzi have been clicking candid shots of Justin Bieber cradling Tim Hortons coffee cups, but it still came as a surprise to see Biebs Brew become an official menu item at Canada鈥檚 most popular coffee chain. The novelty aspect of this type of collaboration can help drive sales, said Charles de Brabant in a story in The Globe and Mail. Biebs Brew might only be available for a limited time, but some collaborations can last for decades 鈥� like those between athletes and apparel brands.
Category:
Published on: 6 Jul 2022
Reducing waste can help lower the environmental impact of any business, and Javad Nasiry believes that policy can help achieve this. The fashion industry is a major source of carbon emissions, and fast fashion retailers have made it worse with low-quality apparel designed to be worn only a few times. The Associate Professor of Operations Management argues that the fashion industry could be made greener by requiring the sustainable disposal of waste and taxing waste to make both manufacturers more waste conscious.
Category:
Published on: 16 Jun 2022
惭肠骋颈濒濒鈥檚 Retail Innovation Lab is a testing ground for new technologies, and an automated check-out system that it is currently using will be deployed in 7000 Couche-Tard and Circle K locations. The computer vision technology uses eight cameras to automatically detect multiple items simultaneously at check-out, and Couche-Tard鈥檚 Vishnu Subramaniam gave TVA Nouvelles a demo of the cutting-edge tech in action 鈥� no scanning required.
Category:
Published on: 16 Jun 2022
At a glance, the Couche-Tard in the Bronfman Building looks much like any other. But it is actually an innovative research facility that uses technology to improve our understanding consumer behaviour. Known as the聽Retail Innovation Lab, a partnership between 惭肠骋颈濒濒鈥檚 Bensadoun School of Retail Management and Alimentation Couche-Tard,聽it is the first frictionless store in Canada. At the Retail Innovation Lab, computer vision systems recognize grab-and-go items in real time, and payments are processed digitally, so customers can shop quickly.
Category:
Published on: 2 Jun 2022
Artificial Intelligence innovation thrives in an environment where business arenas, fundamental research, and thought leadership overlap. As seen in recent AI initiatives in Montreal, determining the capacities of AI and related data analytics applications is essential to understanding how they will play out in the wider world, whether analyzing healthcare data or implementing predictive analytics in retail.
Category:
Published on: 2 Jun 2022
Dynamic pricing algorithms set the prices we pay online鈥攁nd few rules govern how they work. Even if an algorithm doesn鈥檛 ostensibly consider race at all, research shows that it can be biased and discriminatory on the basis of race, as well as gender, economic level, and other personal information openly gathered from consumers.
Category:
Published on: 19 May 2022
You might not know Shein鈥檚 brand, but chances are you鈥檝e seen their clothing. The Chinese fast fashion company has quickly and quietly grown into an e-commerce giant. Shein targets young shoppers with an online-only business model and rock-bottom prices. They have been able to scale quickly because without physical shopfronts, Shein can sell anywhere that it can ship their products. But companies shouldn鈥檛 try to compete with Shein on price, according to Charles de Brabant, the Executive Director of the Bensadoun School of Retail Management.
Category:
Published on: 18 May 2022
Poets&Quants has named Professor Maxime Cohen to its annual Best 40-Under-40 MBA Professors of 2022 list. The influential business school news site annually recognizes professors under the age of 40 who are masters in the classroom, influence business and policy, are prolific researchers and have demonstrated meaningful impact on their fields.
Category:
Published on: 16 May 2022
The pandemic hit brick and mortar retailers hard. Lockdowns pushed consumers toward e-commerce websites. ALDO was forced to close more than 250 stores, but it rapidly pivoted its business model to accommodate changing retail trends, says ALDO CEO David Bensadoun, who spoke to undergraduate and graduate students from Professor Marie Jos茅e Lamothe's classes at the Bensadoun School of Retail Management.
Category:
Published on: 11 May 2022
Data can tell you a lot about the current state of business, and what the future holds. That鈥檚 information that companies can use to make strategic decisions, and it is multiplying quickly. Up to 90 per cent of all data was created in the past two years alone. To leverage, Prof. Maxime Cohen recommends executive education programs in data science as a way to understand the possibilities, and communicate effectively with data scientists.
Category:
Published on: 2 May 2022
The check-out counter is the last place paying customers visit before they leave the store 鈥� and it is a retailer鈥檚 last chance to make a sale. The counter and the aisles that lead up to it are called a cash wrap, and can be arranged to entice customers to made additional purchases. A good cash wrap should incentivize impulse buys without being pushy, according to Prof. Maxime Cohen, a Professor of Retail and Operations Management at Desautels.
Category:
Published on: 22 Apr 2022
Standing in a check-out line is the least pleasant part of the shopping experience 鈥� and it could become a thing of the past. New technology is allowing shoppers to make in-store purchases with their phones, and a variety of self-checkout pilot projects are already underway at stores in Montreal. Some are as simple as scanning a QR code, and confirming your credit card information.
Category:
Published on: 29 Mar 2022
Victor Luis, Chairman and CEO of Moose Knuckles, explains his unique view on success and how he rose through the corporate ladder during the Bensadoun School of Retail Management聽Retail Leaders Talk. Students in the Master of Management in Retailing (MMR) were given insights into how to view success and pave one's own way rather than following others.聽
Category:
Published on: 25 Mar 2022
During lockdowns, access to luxury services was severely limited. Fine dining establishments were reduced to haute cuisine in take-out containers, and spas forced to close altogether. But some shoppers have tried to fill that void with consumer goods. Everyone鈥檚 life was disrupted, but those who kept their jobs had some extra money in their pocket, and many of them spent it, says Charles de Brabant, Executive Director of the Bensadoun School of Retail Management.
Category:
Published on: 23 Mar 2022
Pages
