Key Points: Sustainability can no longer be a marketing tactic – incoming regulations will make it a real business cost for apparel retailers A hybrid of consumer and regulatory pressure will require environmental and social governance (ESG) to be integrated into all business processes Retailers need an intelligent costing solution to support material transparency in […]
As the retail industry is basking in what’s predicted to be a profitable holiday shopping season, we look to the year ahead, working to stay ahead of consumer trends, emerging technology, and change. Despite all the hype, retail is not dead – it’s thriving, and 2018 will hold a few new trends that add up […]
Women in retail: Stay curious, be prepared to change, be confident I’ve never been one to tout my “woman-ness” when talking about success in business. I tend to measure my success – and want to be measured by others – based on my accomplishments as a person, not specifically as a woman. That being […]
Imagine you’re a fashion designer in Peru. You’ve started to gain real recognition in your home country for your unique and bold designs, and now you’re ready to expand your reach to a bigger audience – namely, the United States. But how do you get traction in a country where you have few contacts and […]
Retailers have been hyper-focused on millennial consumers for years, and Gen Z is poised to pull off a sneak attack on the industry. The two generations may share similarities, but this new group of consumers (aged 13 through 21 today), brings a new suite of characteristics to the table. Having grown up with phones in […]
Your customers want new, great products, and they want them now. The rise of the “see-now-buy-now” lifestyle is changing the way consumers shop, and retailers need to model this trend to survive. The good news for retailers: Technology can help. The not-so-good news: Implementing said technology has been a really massive undertaking. I’m talking […]
Richard Nixon once flipped the entire country of Brazil the bird when he landed in the southern hemisphere and waved the “a-ok” sign from Air Force One. It was a simple gesture meant to welcome the crowd, but instead, he basically said, “Up yours, Brazil.” It wasn’t intentional, of course – but that doesn’t […]
The stampedes have ended. Another Black Friday is in the books, and the numbers from the day are starting to pour in. We picked some of the more interesting facts to share with you: It’s 1939 and Retailers Revolt A funny thing happened in 1939. President Roosevelt declared Thanksgiving the third Thursday of November. […]
Digital channels are no longer optional for retailers: they make shopping more efficient, effective and fun and are a basic expectation of consumers today. But it’s not just the consumer that benefits from a more visual, on-demand experience. Forward-looking retailers are starting to use things like virtual showrooms to showcase and shop for products digitally, […]
When searching for new products, customers want value: they want high-quality options, but don’t want to pay an exorbitant amount of money. Due to the onset of promotion-heavy retail environments and rising influence of off-price retailers – Nordstrom Rack, Neiman Marcus Last Call, Saks off Fifth, TJ Maxx and Marshalls – Fung Global Retail research […]