Reducing product costs is the key business initiative for 2018. Apparel companies are looking to business intelligence and analytics to glean ever more information. The average technology budget in 2017 came in at around 8 percent of total revenue. - Apparel Magazine Research
As measured by number of shoppers, Amazon Fashion is neck and neck with Target as the second-most-shopped apparel retailer in the US. The six takeaways from Fung Retail Tech.
Today’s grocery business will be virtually unrecognizable a decade from now. Grocers can learn from markets that are further along on the learning curve.The most successful grocers will be those that invest to offer an omnichannel experience without losing sight of their unique value proposition and what they stand for in the customer’s mind.
Latest USA analysis on USA economy across multiple metrics. Shopping center fundamentals reflect an industry that has found stability while shifting and adapting to a new generation of consumers and their preferences.
For the first time since the inception of the Brand Finance Global 500 study, technology brands claim all top 5 places in the league table. Amazon now world's most valuable brand according to Brand Finance Global 500 Report.
A favorite annual Fortune report. Is your company on this list? No surprises in Top 10. Break out leaders by industry including retail.
It is a transformative time in retail. The shopper is clearly in the driver’s seat, enabled by technology to remain constantly connected and more empowered than ever before to drive changes in shopping behavior. From Deloitte, a favorite annual retail report.
Retailers plan to increase their overall Enterprise IT spending for the coming year by 5.6%, which is up from last year’s 4.5%. They expect to increase their Store IT spending by 5.8%, which is up from last year’s 4.7%. - RIS / IHL study
In 2018, an important tipping point will be reached when, for the first time, more than half of apparel and footwear sales will originate
outside of Europe and North America. McKinsey & Company
From bankruptcy filings to store closures to the most unlikely M&A deals, this year has been packed with more than a handful of surprising events and unexpected announcements. Good summary from Fung Global Retail Tech.
Welcome to the 2018 edition of Vend’s list of top retail influencers! This year, we’ve expanded the list to 100 influencers (instead of 50) to add more individuals outside of North America and to ensure that we include the most well-deserving folks in the retail industry.
Organized Retail Crime (ORC) costs retailers an average of $726,351 per every $1 billion in sales. 94.6% of retailers victim of ORC last 12 months. Latest NRF report.
Over the last few years, mergers and acquisitions have been a widespread trend among vendors, which has an impact on the retail
industry as a whole and the RIS Software LeaderBoard in particular. A favorite annual retail industry technology report.
Post Thanksgiving at Holiday sales halftime scores suggest that e-commerce is gaining share with a particularly strong reliance on mobile commerce. Retailers are also tapping into more emerging technologies, from augmented reality to robots, in an effort to win shoppers and improve profits. New Research from Bain & Co.
The key themes and takeaways uncovered in the Progressive Grocer / RIS News study include: How & why tech budgets are increasing; Identifying services & technologies that reach omnichannel shoppers & provide a competitive edge; Recommended tech purchases that improve management of labor/workforce, store systems, merchandise management, supply chain, analytics & digital commerce
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