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Across nearly every retail vertical, companies are faced with pressure from regulators and consumers to provide more visibility into their supply chains. If you’re in this space, chances are you’re well-aware of the push for greater transparency, which stems from better traceability. The food and pharmaceutical industries are already very familiar with standards around traceability, as consumer safety hinges on manufacturers’ and distributors’ ability to track and trace every ingredient.
It will be an understatement to state that the COVID-19 pandemic has created havoc. And the retail industry is getting hit especially hard. In North America, stores started closing this month and this trend is likely to continue as cities and states battle to contain the spread of the virus. So far Nike, Nordstrom, Sephora, […]. The post Retailers’ Guide To Facing The COVID-19 Disruption appeared first on Blog.
The retail industry is facing massive, unprecedented closures as the novel coronavirus spreads throughout the country and state and city governments announce “shelter in place” orders. In much of the United States, the only type of retail stores that remain open are superstores and “essential retail” stores that sell food, medicine, or other life-sustaining goods.
In usual times, an increase in demand would almost certainly be at the top of the wish-list for any retailer. But these aren’t usual times, these are unprecedented. And these unprecedented times have sent the supermarkets, and the grocery industry as a whole, into a frenzy. Experts estimate that grocery retailers will see a sales lift of 30% in the next quarter – from 32% to 62% – as bars and restaurants are shut and consumers are urged to stay at home.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
With no games to cheer this year and all celebrations put on hold, fans will have to look to the 2021 season to put on their team jerseys and plan out their home tailgating parties. As a result of missing The post Thinking Ahead, Scoring Big—March Madness 2021 appeared first on Medallion Retail.
Having access to an analytic tool and making full use of it can sometimes be two very different things. In our previous post , we talked about in-store analytics and why they are needed. But now we are going to look at a practical application of just how in-store analytics can enhance the shopping experience and allow stores to gain the maximum benefits and effectiveness from their flyers and promotions.
Following a very slow start to the year, the UK’s string of winter storms failed to stimulate online demand as online sales growth for the month limped in at -0.4% Year-on-Year (YoY).
Following a very slow start to the year, the UK’s string of winter storms failed to stimulate online demand as online sales growth for the month limped in at -0.4% Year-on-Year (YoY).
As we move forward in these unprecedented times within the UK as the Corona Virus takes hold and the whole country becomes affected by its spread in one way or another, we as a business would like to inform every one of our plans. CJ Retail Solutions as of today are following the guidelines as set out by the government and will continue with a ‘Business as Usual’ service and continue to deliver your projects on a national basis.
By Richard Bendelow, CEO of Aero Commerce. Unless, like certain FMCG retailers who are experiencing a surge in online sales, chances are, due to the uncertain times we find ourselves in, that your sales have suffered a dip. Couple that with the potential of a complete lockdown, times could not be more difficult for some retailers, even with the government support on offer.
Global financial markets continue to suffer from the impact of coronavirus, with economists predicting the slowest rate of global growth since 2009. However, the current lockdown taking place in Italy has actually instigated a significant boom in eCommerce sales.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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