Product Sourcing

Can Luxury Brands Use Blockchain to Guarantee Authenticity?
September 26, 2022 at 11:44 am

When it comes to luxury goods, the perception of exclusivity and premierness are two very important elements. However, the truly paramount aspect of luxury items that allows for the high price point associated with them is their absolute authenticity. If the authenticity isn't absolute, then it's not luxury. Would it be OK if you were…

Growing Shopper Loyalty Through Product Attribute and Sales Data 
September 21, 2022 at 10:41 am

As consumer packaged goods (CPG) brands and retailers strive to strengthen their relationship with the consumer, particularly in a retail climate increasingly affected by inflation and supply chain issues, there are two converging trends to consider — enriching the omnichannel shopping experience and meeting specific consumer need states in new ways.  These aren’t new trends, but…

J.C. Penney to Sell Forever 21 Merchandise in Stores and Online
December 13, 2021 at 6:51 pm

J.C. Penney announced on Monday that it's adding Forever 21 to its portfolio of national fashion brands. Shoppers will be able to find Forever 21 products at 100 of the 650 J.C. Penney stores across the nation, as well as on the retailer's website. Apparel items that will be available include tops, bottoms and dresses. The…

Kanye West Sues Walmart for Selling Yeezy Knockoffs
June 28, 2021 at 7:22 pm

Rapper Kayne West filed a lawsuit against Walmart on June 24, alleging that the retailer is knocking off one of his latest shoe designs, Yeezy Foam Runners. According to documents obtained by TMZ, West’s team filed the lawsuit in Los Angeles County Superior Court, citing California’s Unfair Competition Law, which prohibits deceptive business practices. The lawsuit also claims that Walmart…

A Pandemic’s Silver Lining
May 18, 2021 at 6:46 pm

The pandemic has undoubtedly accelerated the shift to e-commerce by half a decade, with more people than ever before opting to shop online for items like groceries that have always dominated traditional brick-and-mortar retail. Now that customers have experienced the convenience of shopping online for products they never imagined, it’s unlikely that they’ll return to…

The Digital Supply Chain: Better, Faster, Cheaper
March 30, 2021 at 1:33 pm

COVID-19 has created significant market and supply chain disruptions due to unprecedented shifts in both supply and demand. With retailers and brands cutting inventory, resulting in limited product availability, it's more important than ever that retailers and brands make fast, accurate product design, selection, and pricing decisions to lock in their share of scarce supply.…

Omnichannel, Private Brands Key to Retailers' Future Success
March 9, 2021 at 12:47 pm

As we consider the most significant trends impacting purchasing today, consumer demand for private brands continues to remain a focus, as well as the need for convenient and digitally enhanced shopping solutions. Among the ongoing effects of the pandemic, COVID has forever shifted customer behavior with respect to how consumers shop and what they purchase.…

The Power of Transparency in Improving Supplier Relationships
March 4, 2021 at 3:13 pm

Retail recovery audits are a proven mechanism for recouping cash lost due to overpayments. A large retailer can recover millions in lost profit and create process improvements that stop leakage from happening in the first place. With today’s renewed focus on accelerating working capital and improving cash flow, getting the audit process right is more…

NRF: Retail Imports Expected to Hit Monthly Records in First Half of 2021
February 15, 2021 at 4:51 pm

Following a record year, imports at the largest U.S. retail container ports are expected to set new monthly records from now into the summer as the nation’s economy continues to recover from the COVID-19 pandemic. That’s according to the monthly Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates, a maritime strategy and…