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As retailers and brands continue to deal with the overstock that resulted from closing their stores during the pandemic, some have adopted a new tactic. Rather than deeply discounting and liquidating excess inventory, brands are packing and holding their overstock…
One of the many things the current situation has taught businesses worldwide is that in addition to consumer dependency, the supply chain is incredibly fragile. And, a global pandemic that interrupts the proper flow of products today will create a…
A recent article by SupplyChainBrain discussed the effects that COVID-19 is having on the global supply chain. As factories resume production in China, retailers are confronting the reality that their shipments may be ready to arrive, but they have nowhere…
In the traditional linear structure of supply chain, products follow a simple path: from manufacturer, to consumer, to end of life. But as trends evolve, the current state of retail is changing that path. Purchases are morphing into subscriptions (think:…
Over the past decade, retail has seen a significant shift. With the emergence and hyper growth of ecommerce, brick-and-mortar has struggled—and traditional retailers are being forced to regroup in order to recapture gains and prevent further loss. Labeled an agent…
Our European team will be attending the eCommerce Expo in Berlin, happening February 13. With an expected 7,000+ attendees and 170 exhibitors, it’s the biggest expo yet. If you’re heading to the show, come meet Ben Whitaker (Director, EMEA) and…
Today’s generations of consumers—particularly Millennials and Gen Zers—are purchasing used “trendy” items and finding value in giving them a second life. Gone are the days in which we purchased clothes, wore them a few times, left them in our closets,…
In the apocalyptic retail era of mall and department store closures, one segment is thriving. Off-price retailers—or stores that sell high-quality goods at low prices—are forging ahead and growing. These shops, which typically sell last season’s items or a variety…
This holiday season so far has seen record-breaking purchases, but a wave of store closures is still underway as digital claims more terrain in shopping. With stores like Payless shuttering 2,300 locations just last year—and Walgreens, H&M, and Charlotte Russe…
Quick Facts: U.S. retail sales hit $23.6 million in May 2019 (↓2.4% yoy) NRF predicts an approximate increase of 4% in retail sales for 2019 Apparel prices have dropped over the previous year by 3.1% New reports and analysis from…