The Center for Retailing Studies of Mays Business School hosted its annual Retailing Summit on Oct. 11-12 at the Westin Galleria in Dallas.

The conference featured keynotes from Blue Bell, Dunkin’ Brands, Walmart, Sephora, JCPenney, REI, YETI, Orangetheory, Citi, Mattress Firm, Root Inc., and Brierley+Partners.

Key themes for the 2018 Retailing Summit included:

  • Inspiring retail stories
    Creating meaningful customer experiences
  • Brand authenticity
  • Adapting to meet the needs of consumers
  • Dealing with change

…Read more

Categories: Center for Retailing Studies, Centers, Featured Stories, Mays Business, News, Students, Texas A&M

Competition is no stranger in the SEC. Whether it’s athletic or academic prowess, students at each university are driven by the desire to be recognized as “#1.” The 2018 SEC Student Pitch Competition boasted an unrivaled level of innovation, skill, and grit that could only be found in the Southeastern Conference.

This year’s competition was hosted at Texas A&M University by the McFerrin Center for Entrepreneurship. …Read more

Categories: Centers, Entrepreneurship, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Students, Texas A&M

The Center for International Business Studies (CIBS) at Mays Business School has been awarded a four-year federal grant totaling $1.23 million. The U.S. Department of Education awards the funds as part of its Center for International Business Education (CIBE) program. The grant commences on Oct. 1 and will cover the 2018-22 period.

Mays was among the 15 high-impact business schools in the country – and the only one in Texas – to be awarded the grant out of some 50 applicants. CIBS has successfully competed nationally for the four-year award since 1990.

…Read more

Categories: Center for Business International Studies, Centers, Faculty, Featured Stories, Mays Business, News, Programs, Texas A&M, Uncategorized

Retailers are stocking fewer goods on their shelves, but have companies taken inventory reduction too far? A number of academic studies of U.S. retailers have revealed an overall decrease in product inventories.

Rogelio Oliva and Gregory Heim, professors in the Department of Information & Operations Management at Texas A&M University’s Mays Business School, are two of the researchers behind a study that examines this issue using data from 114 U.S. retailers during 2000 to 2013. …Read more

Categories: Center for Retailing Studies, Centers, Faculty, Featured Stories, Marketing, Mays Business, News, Research, Texas A&M

If you entered the Grand Stafford Theater on the evening of August 13, you would have been surrounded by some of the biggest proponents of entrepreneurship in Bryan/College Station. Business owners, Texas A&M University faculty, and members of local agencies such as the Brazos Valley Economic Development Corporation came together around one common interest: Startup Aggieland.

The McFerrin Center for Entrepreneurship hosted the Startup Aggieland Reveal Party after hinting that those in attendance would have a chance to “meet the new Startup Aggieland.” Attendees were treated to canapés provided by Chef Tai Lee and enjoyed the industrial-chic atmosphere of the historic downtown Bryan concert venue. Conversations drifted among clusters of attendees, each of them buzzing about what exciting new plans the McFerrin Center had in store for Startup Aggieland. …Read more

Categories: Centers, Entrepreneurship, Faculty, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Spotlights, Staff, Startup Aggieland, Texas A&M, Uncategorized

The 2018 back-to-school shopping season is underway, and spending is expected to reach almost $27.6 billion – nearly 50 percent of annual school-related spending for a quarter of U.S. households. The one-month countdown to the first day of classes is under way, as many school districts have a start date of Monday, August 20.

In-store vs. online

Brick-and-mortar stores remain in the lead with back-to-school shoppers, but online spending continues to increase. Based on a survey by Deloitte, 57 percent of back-to-school shopping will be conducted in-store compared to 23 percent online, with 20 percent undecided how they will shop. Up from 2017, online shopping has gained ground in sales of school supplies, clothing, and computers. However, in-store sales are up for electronic gadgets. Despite the increasing push from online shopping, 96 percent of parents will head to a physical store at least once during the back-to-school shopping season, according to RetailMeNot…Read more

Categories: Center for Retailing Studies, Centers, Faculty, Featured Stories, Marketing, Mays Business, News, Texas A&M

The McFerrin Center for Entrepreneurship welcomed 22 veterans to Aggieland for the 11th annual Reynolds and Reynolds Entrepreneurship Bootcamp for Veterans (EBV) on the evening of Saturday, July 14.

EBV at Texas A&M University is an exceptional initiative that leverages the resources and infrastructure of higher education to provide entrepreneurial skills and small business management training to post-9/11 veterans with service-connected disabilities. Part of a nationwide consortia of nine universities offering EBV to disabled veteran entrepreneurs, the overall goal of Texas A&M’s program is to open the door to economic opportunity for our veterans and their families by developing their competencies in creating and sustaining a commercial venture.

The opening ceremonies were held at the Association of Former Students with a welcome address made by Kathryn Greenwade ’88 of the Association of Former Students and opening remarks made by David Shimek ’86 of the program’s underwriter, The Reynolds and Reynolds Company.

Honoring the past, encouraging the future

Ron Poynter, retired Army helicopter pilot and EBV Class of 2012 graduate, was recognized with the Robin ’76 & Robert Starnes ’72 EBV Outstanding Alumni Award and delivered an encouraging and thoughtful speech to this year’s participants. Poynter encouraged the 2018 class to stay focused and engaged in their industry’s trends and to be prepared for a lot of hard work.

The program consists of a 21-day online course followed by a nine-day residency at Texas A&M. During the in-residence portion of EBV, participants will spend the week attending lectures and workshops at Mays Business School’s Center for Executive Development, where they will learn about enterprise basics, lean startup methodologies and small business growth strategies. The bootcamp extends well into the evening hours with individual breakout meetings between participants and volunteer mentors from the local community. Thanks to the generosity of the program’s individual and private-sector sponsors, EBV is offered at no cost to the participants.

This year’s class includes business ventures ranging from an eco-friendly flower alternative to healthcare to drone-imaging services, with nearly every venture focused on employing and giving back to fellow veterans.

Categories: Centers, Diversity and Inclusion, Entrepreneurship, Mays Business, McFerrin Center for Entrepreneurship, News, Selfless service, Spotlights, Texas A&M

Alliance combines research expertise and entrepreneurship for new transportation advances

Taking innovative transportation ideas and working with the private sector to develop them into viable products and services that improve transportation safety and mobility is the goal of a new partnership between the Texas A&M Transportation Institute (TTI) and the McFerrin Center for Entrepreneurship in Mays Business School at Texas A&M University.

The partnership was announced Wednesday, May 9, at the Texas A&M Transportation Technology Conference by TTI Agency Director Greg Winfree and Mays Business School Dean Eli Jones. It is the first partnership of its kind for both TTI and Mays, as it marries the entrepreneurial-focused educational and experiential opportunities offered by the McFerrin Center with the deep transportation research expertise at TTI, a state agency and member of The Texas A&M University System.

Designated the “Innovation Hub @ TTI,” the purpose of this venture is for TTI and the McFerrin Center to work together with a range of partners to develop transformative transportation solutions that address long-standing mobility and safety challenges.  The goal is for these solutions to be marketable to the public and provide product commercialization opportunities.

“This is a paradigm shift in how we at TTI might think about approaching a transportation problem and formulating a solution,” said Ginger Goodin, TTI senior research engineer, who is leading the initiative. “As a public transportation research agency, it is becoming increasingly important for us to engage more deliberately with the private sector in addressing today’s transportation issues because our transportation system is clearly becoming more reliant on private-sector innovation. The McFerrin Center offers TTI expertise in facilitating industrial partnerships and identifying marketplace needs to help us grow our private-sector relationships.”

“The Texas A&M University System has profound innovation capabilities, and our researchers are thought leaders within practically every industry,” said Blake Petty, director of the McFerrin Center for Entrepreneurship. “TTI’s researchers are a shining example of transportation thought leaders, and we are pleased to partner with TTI on this new venture. We envision the Innovation Hub @ TTI will make a significant impact on how we innovate and translate next-generation transportation technologies to the marketplace. We also see the partnership as a prototype for problem-solving innovation and entrepreneurship training across the Texas A&M System.”

The Innovation Hub @ TTI will function as a catalyst for interdisciplinary research and innovation in emerging transportation solutions and will include the involvement of TTI researchers, Texas A&M students, private-sector partners and the broader transportation community.

About the Texas A&M Transportation Institute

Recognized as one of the premier higher education-affiliated transportation research agencies in the world, TTI’s research and development program has made significant breakthroughs across all facets of the transportation system. TTI research is widely known as an excellent value with a proven impact of saving lives, time and resources. In the laboratory and the classroom, TTI researchers help prepare students for transportation careers.

About the McFerrin Center for Entrepreneurship

Since its inception in 1999, the McFerrin Center for Entrepreneurship has served as the hub of entrepreneurship for Texas A&M University. Offering more than 30 enterprising programs each year, the center engages student and non-student entrepreneurs in a variety of opportunities to enhance their entrepreneurial skills. From business plan competitions to entrepreneurship certificates to the Startup Aggieland accelerator to the Entrepreneurship Bootcamp for Veterans with Disabilities, the center’s programs are touted as transformative and inspiring.

Categories: Centers, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Research, Texas A&M

The first-place team in the inaugural Aggie Pitch competition on April 20 was Bezoar Labs – a team familiar to McFerrin Center for Entrepreneurship because it received honorable mention in the 2017 Raymond Ideas Challenge.

Of the 10 finalists in the competition in which students from Texas A&M System schools and branch campuses pitch their business concepts, eight had been involved in McFerrin programs (3 Day Startup, Ideas Challenge, and Startup Aggieland).

Bezoar Lab team members said their invention “tackles every element of our planet’s complex web improving its health by creating a safer, more nutritious protein sources for all.” Team members were Ryan Springer, manufacturing and mechanical engineering technologies; and Grace Tsai, nautical archaeology.

McFerrin Center Director Blake Petty said the first competition was encouraging. “Our inaugural Aggie Pitch event showcased the dedication and entrepreneurial spirit behind our top student entrepreneurs,” he said. “McFerrin Center looks forward to enabling the next wave of students within our Aggie Entrepreneurial Ecosystem to be even stronger competitors in 2019 and beyond.” …Read more

Categories: Centers, Entrepreneurship, Featured Stories, Mays Business, McFerrin Center for Entrepreneurship, News, Students, Texas A&M

Lauren Osborne has been named Advisor of the Year. The university-level recognition from the Division of Student Affairs recognizes advisors who distinguish themselves by providing exemplary guidance, support, and dedication to the advisement of a recognized student organization at Texas A&M University.

Awards are presented annually to one advisor from each of the three categories: registered, affiliated, and sponsored. Osborne advises the Student Retailing Association, which is a registered organization.

Osborne is the program manager for the Center for Retailing Studies (CRS) in Mays Business School’s Department of Marketing.

Osborne encourages officers to step up as leaders, said CRS Director Kelli Hollinger. “SRA runs incredibly smoothly and provides extraordinary professional development opportunities for its 65 members.”

Hollinger said she sees Osborne’s passion for her work exhibited every day. “Students admire her so much for genuinely caring about their academic success, career ambitions, and personal stories,” she said.

Osborne graduated from Texas A&M in 2005 with a degree in Recreation, Park and Tourism Sciences with an emphasis in Tourism Marketing. She will celebrate her five-year anniversary with Mays on July 1. She started with CRS as program coordinator, and was promoted to program manager in 2016.

She previously worked as the director of development for the Children’s Museum of the Brazos Valley. Before that, she worked as an executive meeting manager in the hotel industry for 6 ½ years at properties in Texas and Mississippi.

Categories: Center for Retailing Studies, Centers, Featured Stories, Marketing, Mays Business, News, Selfless service, Spotlights, Staff, Texas A&M