Customers today are no longer forced to make a purchase decision by comparing a few options that are available. Rather, they are now bombarded with dozens or even hundreds of options to choose from. Therefore, one of the key challenges in retail industry is for...
Retail industry overview The retail industry is going through a major transition and with the latest trends and innovations in place, it is safe to say that there is no looking back for retail industry companies. Furthermore, personalization and customization in...
The retail industry is one of the fastest-growing sectors in the world. With more retailers slowly expanding their business from brick and mortar to online retail stores, there is no looking back for players in this industry. But on the flip side, the retail industry...
Over the past few years, the global CPG industry has started witnessing a transition from offline to online channels and is mostly affected by factors such as waning currency values and slowing GDP growth. As a result, CPG industry players have started thinking beyond...
The United States has been the largest regional market for luxury goods and is estimated to continue its dominance in the coming years. Globally, the global luxury retail industry typically includes fashion, drinks, cosmetics, watches, fragrances, jewelry, luggage,...
The fashion industry has undergone significant changes over the past few years. Today, fashion is much more than just functional clothes; it is an expression and extension of oneself. It is the same idea that is driving purchases in the fashion industry. An average...
For a long time, retail stores have been using pretty straightforward KPI metrics to measure their performance. The performance was usually measured in terms of physical transactions, including costs, margins, stock turnover, and like-for-like sales. Such KPI metrics...
The shopping habits of the consumers across the world has changed significantly. Today, they prefer to make purchases from the comfort of their home. Online shopping is rapidly replacing traditional store shopping. Although traditional retailing still accounts for a...
In this era of customer-driven economy, retail companies are trying to learn the art and science of catering to the never-ending demands of the customers. Furthermore, with the rising popularity of social media platforms, customers’ preferences are changing, and...
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