Last year companies were grappling with higher e-commerce order volumes, an uncertain global tariff environment, a tough political environment and stiff competition for both labour and warehousing space. Immediate reactions included reshoring manufacturing operations, seeking out new, non-Chinese sources of supply, transforming physical stores into full-blown delivery hubs and investing Read more…
How did retailers make customers believe they have better availability in a period when high amount of SKUs were unavailable? With the onset of pandemic in 2020, it was clear to retailers that shoppers didn’t really care about price. What they cared about was availability. Retailers noted that what started Read more…
We always like reading McKinsey’s State of Fashion for the coming year. Some highlights below for Fashion in 2021. You can download the full report here. According to McKinsey Global Fashion Index analysis, fashion companies will post approximately a 90 percent decline in economic profit in 2020, after a 4 Read more…
Oddly, 2020 turned out to be one of the best years in the overall retail sector in the past 20 years.Also, more than 27 retailers declared bankruptcy in the first nine months of the year.So if overall revenues are increasing, where have all the shoppers gone? In January, before the Read more…
