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As part of its 2023 Top 100 Omnichannel Retailers report, Total Retail assessed leading retailers and brands across a host of operational criteria. One of those criteria was the ability for consumers to view in-store inventory availability and stock levels from a retailer's website and/or app. Inventory transparency is critical to not only the customer-facingโฆ
The fashion industry doesnโt have a good reputation when it comes to sustainability. According to the United Nations Environmental Program, fashion industry processes account for up to 10 percent of global carbon dioxide output, and the industry is accountable for 20 percent of the 300 million tons of plastic produced each year around the globe.โฆ
Nearly four years on from the COVID-19 pandemic, the retail industry continues to face challenges, specifically with labor shortages. Statista research shows that since the pandemic, the rising U.S. retail employment numbers have had a sharp decline, which is expected to continue, with U.S. retail staff predicted to have 500,000 fewer employees by 2026 asโฆ
In the current age of fashion retail, delivering a great shopping experience is crucial. With demands changing constantly, one of the most important boxes to tick is to have the product available as soon as consumers are ready to buy by managing inventories efficiently. With the rise of the "zero consumer," as defined by McKinsey,โฆ
As the thermometer drops and the holiday season draws closer, that signals the beginning of a slew of opportunities for retailers in the coming months. However, despite the promise of the holiday shopping rush to help retailersโ bottom lines and set businesses on course for a successful new year, it's imperative for them to considerโฆ
The fashion and logistics sectors have both become increasingly concerned with sustainability. According to Deloitte, almost one-third of consumers have stopped shopping at specific retailers due to ethical and environmental concerns. As such, retailers are now searching for ways to introduce greener processes. With customers becoming more aware of the role they play in theโฆ
After the pandemic, customers returned to shop in-store. While this is undoubtedly great news for the industry, it does put further pressure on retailers. As a result, retailers must find innovative solutions to mitigate these effects by implementing sufficient brand identification solutions that assist in relieving in-store pressures and maximizing sales. The retail industry isโฆ
Todayโs customers desire a friendly, efficient and dependable service. These changing behaviors compounded with new technology have increased overall consumer expectations. Indeed, customers expect a flawless shopping experience, whether itโs online or in-store. Retailers must be able to adapt and find new ways to fulfill orders effectively. In today's environment, retailers must employ a solidโฆ
Calculating how much inventory to keep on hand can sometimes feel like a Goldilocks story. Too much inventory and youโre left with wasted product. Not enough inventory and youโre left with unhappy shoppers and lost profit. Oftentimes, the amount of inventory on hand is a result of supply chain issues, of which there has beenโฆ
In this webinar attendees will hear real-world insights from retail executives on how their businesses are approaching 2023.