Product Sourcing

Putting Counterfeiters Out of Business, Part 1
March 31, 2020 at 11:52 am

Counterfeiters aren’t just bad news for your business; they can also be downright dangerous for your customers’ well-being and safety. When it comes to the counterfeiting and pirating of commercial goods, the economic impact, legal implications, and health and safety risks are growing on a global scale. For example, Amazon.com has drawn continued criticism for…

3 Reasons Retailers Need to Digitize Supplier Strategy
March 11, 2020 at 8:26 am

In today’s fast-moving retail environment, it’s more critical than ever that companies invest in strengthening the foundations of their business. To succeed in this ever-evolving market, business leaders must bring products to market faster, attract new customers, and stand out against increasing competition. A tech-enabled approach to sourcing and supplier strategy is one fundamental way retailers can set themselves up to not…

The Knockoff Effect: The Hidden Environmental and Social Impact of Counterfeit Goods
February 5, 2020 at 11:32 am

Retailers, brands and online marketplaces have taken a tough stance against counterfeiters lately due to lost profits and damage to brand reputation, but the problems associated with fakes run so much deeper than monetary losses. Counterfeiting isn't a victimless crime. There are serious unintended and damaging effects counterfeiting leaves in its wake, including exploiting child…

What the DHS Crackdown on Counterfeit Goods Means for Online Retailers
January 31, 2020 at 12:30 pm

In this episode of Retail Right Now, Total Retail's Ashley Chiaradio and Kristina Stidham discuss the Department of Homeland Security’s (DHS) announcement that it will begin cracking down on the sale of counterfeit products online from platforms like Amazon.com. Last Friday, the DHS released a report stating that law enforcement officials will immediately start to identify cases where…

DHS Cracks Down on Counterfeit Goods Sold on Amazon, Other Marketplaces
January 28, 2020 at 9:42 am

The Trump administration is cracking down on the sale of counterfeit products online from platforms like Amazon.com, according to a new report released Friday by the Department of Homeland Security (DHS). Law enforcement officials will immediately start to identify cases where counterfeit goods are being sold online, according to the report, and will “pursue civil fines and other…

Peruvian Connection's Commitment to Sustainability Engenders Customer Loyalty
December 23, 2019 at 12:52 pm

In episode 227 of Total Retail Talks, Executive Editor Joe Keenan interviews Annie Hurlbut, founder and CEO of Peruvian Connection, an internationally renowned brand for luxury Peruvian textiles and fibers. Listen in as Hurlbut discusses the company's 43-year history, how the brand sources fibers from artisans in Peru, and its commitment to environmental sustainability. Peruvian…

Analyzing Kroger and Walgreens Retail Procurement Alliance
December 20, 2019 at 1:19 pm

In this episode of Retail Right Now, Total Retail's Kristina Stidham and Ashley Chiaradio discuss how grocery store Kroger and drug store chain Walgreens are teaming up in an effort to cut supplier costs by buying merchandise together. The two companies are calling their partnership the Retail Procurement Alliance, and plan to identify an overlap in products…

Trump Halts New China Tariffs, Rolls Back Some of the Prior Duties on $120B of Imports
December 13, 2019 at 12:39 pm

President Donald Trump said Friday that as part of the U.S.-China trade deal Washington will not charge Beijing with any new tariffs and slightly reduce existing tariffs. He also said that “phase two” talks with China will begin immediately. The Office of the United States Trade Representative confirmed that the U.S. will be maintaining 25 percent tariffs on…

Kroger and Walgreens to Buy Products Together to Cut Costs
December 12, 2019 at 12:17 pm

Grocery store Kroger and drug store Walgreens are teaming up. In an effort to cut supplier costs, the two companies want to start buying merchandise together, CNBC reported. The chain retailers will call this partnership the Retail Procurement Alliance, and will have them identifying overlap in products that they both are receiving so they can…

How Will Retailers Deal With the New Tariffs Heading Into Holiday 2019?
November 19, 2019 at 11:10 am

The retail industry is feeling the effects of 15 percent tariffs imposed on Sept. 1 on a wide range of consumer imports, and is bracing for the impact of their expansion to additional goods on Dec. 15. These tariffs cover a total of about $300 billion worth of imports from China. Increases on tariffs imposed…