With the retail industry slowly finding its way back from the yearlong pandemic-prompted downturn, the U.S. Census Bureau’s recent retail report brings good news. Retail sales and in-store visits are up — and retail shoppers are shopping again. Read More on Is Retail Back? A Recent Report Indicates Retail Remains Strong
Is COVID-19 creating a long-term shift in the retail industry? This informative article illustrates how the retail industry will likely look much different than when we entered this crisis — and how brands can capitalize on the shifting landscape to emerge stronger and in a better position than ever. Read More on Navigating the Retail Industry’s Pandemic-Driven Evolution
As the world endeavors to determine whether the current economic slowdown is turning into an economic downturn or a full recession, prominent leaders from across the luxury goods and services space believe — whether a downturn or a recession — tough times are ahead for the luxury industry. Read More on How Economic Uncertainty is Impacting the Luxury Market
Customer shopping habits are changing, and luxury retail brands need to understand where the market is heading to optimally meet the needs of consumers around the world. This blog post highlights three key trends of which brands should be aware. Read More on Three Luxury Retail Trends to Watch This Year
In 2022, the focus for luxury retailers has been on leveraging technology to better meet consumers’ needs and expectations. One such technology — the blockchain — is emerging as a great tool for luxury retail brands dealing with sensitive or valuable data to ensure the authenticity of goods, which drives value. Read More on How the Blockchain is Authenticating Retail Goods
With customer shopping habits evolving, retail giants like Macy’s are working to understand how to keep digital part of its core and why in-person stores coupled with e-commerce will be vital to success in the future. Read More on The Advantages of Linking Your Stores with Your Online Business
Customer retention is key. Whether storing inventory closer to customers, providing expedited shipping options or working with order fulfillment partners, e-commerce needs to decrease order fulfillment times to improve its customer retention. Read More on How Decreasing Order Fulfillment Time Improves Customer Retention
Despite pandemic-fueled demand for home delivery skyrocketing, e-commerce growth is slowing down. But Amazon’s “Buy with Prime” program, which enables consumers to use their Prime benefits on websites outside of Amazon, is here to help small and medium-sized businesses. Read More on Two-Plus Years into the Pandemic, E-Commerce Growth Finally Slows
Keeping up with the accelerated change in the retail industry can be incredibly challenging. That’s why Shelley E. Kohan works with smaller and mid-sized companies on how to increase sales, reduce costs and better align resources to achieve their goals. Read More on Increasing Sales, Reducing Costs and Aligning Resources to Achieve Retail Goals
In the face of inflation, supply chain issues and the need to transform their brands, industry giants Macy’s and Kohl’s are leveraging Target’s proven growth strategy. To discover the benefits of focused repositioning, alignment with young consumers’ preferences and enhanced shopping experiences… Read More on Assessing Target’s Growth Strategy
