Retail Trends
Excess Inventory – Mitigate the Impact and Move Forwards
Most brands and retailers will have dealt with overstock inventory before – but today businesses across the globe are warning of “excessive inventory” that is already beginning to dampen the considerable surge in profits seen by many. At worst, dead stock will need to be disposed of at an additional cost. At best, excess inventory…
Read More3 successful online retail strategies to survive and thrive in 2021
In the current climate of online retail, you need innovative and resilient strategies so that your retail business can survive, thrive, and continue to a new era after the current crisis passes. In the meantime, to stay competitive you must adapt and adopt new strategies. It’s a struggle, especially when there are so many ways…
Read MoreHow Retailers Can Target Changing Consumer Shopping Habits Online
Shoppers have moved online. The first step to matching changing consumer habits is to build an ecommerce strategy.
Read MoreThe Top 10 Fashion Retailers in 2022
Achieving success in a crowded and fast-moving market like fashion retail is all about adapting to customer expectations and staying focused on differentiating your brand and experience. Leading fashion retailers in 2022 are investing in technology to help them cover these bases and improve their customer experience. Here’s our list of the top 10 fashion…
Read MoreSustainable fashion: don’t burn the brand with the excess inventory
Fashion brands who aren’t transparent and credible about efforts to be sustainable are at risk of losing market share and missing out on opportunities to target shoppers across demographics. Burberry burning $38 million worth of unsold inventory was an egregious but not particularly unusual example of wasteful practice, one which tarnished the brand as self-interested…
Read MoreCase Study: Nike’s Ecommerce Success
Nike has been investing heavily in its direct-to-consumer sales – they’re now $11.8 billion in 2019, up 16% on currency-neutral basis, driven by a 35% increase in digital commerce, as per Nike’s FY19 financials. Not only that, but the revenue for Nike Brand were 49.7 billion, up 10% on a currency- neutral basis, which was…
Read More