How to Win in Retail
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics around the investing world.
There have been a number of articles out there saying retailers have to be tech-savvy to compete. McDonald's has always been using technology to improve its order processing. Wal-Mart wants to take it to a new level, testing a mobile checkout app that could save the company $12 million for every second it can shave off the checkout process. Starbucks and Home Depot (NYS: HD) are testing new payment systems themselves. John and David are always looking for companies that can help drive a trend. Bazaarvoice (NAS: BV) is one such company -- it's helping retailers collect "the voices of their customers" to make better business decisions. It's providing another way for companies to become more tech-savvy in our data-driven world.
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The article How to Win in Retail originally appeared on Fool.com.David Meier and John Reeves have no positions in the stocks mentioned above. The Motley Fool owns shares of McDonald's and Starbucks and is short Starbucks. Motley Fool newsletter services recommend McDonald's, Starbucks, and Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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