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Fashion Goes Tech: Digitalization in retail (1)

Fashion Retail

When I published Fashion Goes Tech, retail was suffering the worst crisis ever: covid-19. In other words, no footfall, no conversion, no inventory turnover, frozen cash flows, no business. Empty streets, no traffic, stores closed.

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What is Inventory Turnover in Retail? (Formulas, Benchmarks, Examples)

Retalon

One of the key inventory metrics retailers track is inventory turnover. Inventory turnover measures how many times a company sells and replaces its inventory during a period. It indicates how efficiently inventory is managed and whether excess inventory is tying up too much capital.

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Zalora exec talks immersive retail and personalised customer journeys

Inside Retail

As the year-end shopping season kicks off, Zalora , one of Asia’s leading online fashion retailers, and part of Global Fashion Group (GFG), is ramping up its marketing to capture consumers’ attention. It facilitates wider brand reach, quicker inventory turnover, and direct engagement, thereby fostering increased brand loyalty.

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How global beauty brands will benefit from JD.com’s latest logistics move

Inside Retail

Xue explained that European beauty and fashion brands have gained significant popularity among Chinese consumers, presenting immense market potential for both established and emerging brands. Additionally, the fashion industry often encounters supply chain challenges such as inventory management and high return rates.

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Wholesale Management Software: Key Features, Benefits, and Tips for Choosing the Right Solution

RETAIL MANAGEMENT SOFTWARE

Supplier Management: Tools for managing supplier relationships, tracking supplier performance, negotiating terms, and ensuring timely procurement of goods to meet demand and maintain optimal inventory levels.

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10 Proven Tips for Successful Retail Accounting

RETAIL MANAGEMENT SOFTWARE

Utilize inventory management software to automate processes and minimize manual errors. Analyze financial performance: Regularly analyze key financial metrics such as gross margin, inventory turnover, and return on investment (ROI) to assess the health of your retail business.

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Step Up Your Shoe Game: Top Footwear ERP Software Features, Benefits, and Selection Guide

RETAIL MANAGEMENT SOFTWARE

Consider factors such as production volume, inventory turnover, sales channels, and regulatory requirements. How to Choose the Right Footwear ERP Solution Here are the essential steps for choosing the right ERP system for your footwear business: 1.