“With sales slipping and on-hand inventories remaining high, retailers heading into 2023 will need to keep stock levels [SKU] closer to actual demand to avoid further pileups that lead to price margin erosion,” Inna Kuznetsova, CEO ofToolsGroup, a supply chain planning and optimization firm, ...
On Thursday, the Commerce Department reported that retail sales in the United Statesrose 0.4% from August to September, a solid gain that suggested that shoppers are confident enough in the economy to continue spending freely. Restaurant sales jumped 1%, a particularly encouraging sign because it m...
This is how aspiration-based marketing follows the age-old saying: Sell the sizzle, not the steak. It combines the science of human psychology with the art of selling to configure subconscious thinking in a retail brand's favor. Why and how aspiration helps drive retail sales Most buyers focu...
See What’s Included in This Industry Brief Consumer behavior is rapidly shifting, supply chains are under pressure, and retailers need to quickly adapt and transform their business to respond to market demand and opportunities. Learn about the most important AI use cases in retail today across om...
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We have seen unprecedented technology adoption in the past few years; while consumers may have taken to digital payments purely out of necessity, they now prefer it for the convenience it offers. Retailers found increased sales and marketing, and affinity opportunities with customers by connecting cl...
“On top of that, you see companies that didn’t even start in retail, like social platforms, are now competing for shoppers’ attention and spend,” she says. Euromonitor estimates that 17% of ecommerce sales in the United States were from DTC channels in 2023 and that social commerce ...
The CPCA estimated that retail sales of NEVs would reach 549,000 units, up 5 percent year-on-year and 27 percent from February. A number of listed carmakers and NEV startups saw an upward spiral in their sales in March, while dominant brands such as BYD and Tesla retained their high-...
Originality/value – This paper will be of interest to all operating in the retail sector.doi:10.1108/09590550910941535Brenda SoarsSound EnvironmentsInternational Journal of Retail & Distribution ManagementSoars B. Driving sales through shoppers’ sense of sound, sight, smell and touch. Int J Retail ...
J.H.: For brands, Skypad automates data collection and provides deeper insights into performance across all retail partners and sales channels. This leads to better decisions about product assortment, stock levels and promotions, improving inventory optimization and customer satisfaction. For retailers,...