Editor’s take retail: Scalable tech, reaching shoppers and a tight labor market

JULIA RUSSELL | April 9, 2019

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Retail has been on a bit of an emotional rollercoaster so far this year, from some disappointing sales reports to an overall feeling of optimism and renewal as retailers and brands really start to crack the code of channel convergence and the new era of shopping. SmartBrief readers have been following along every day in our retail newsletters, and we’re taking a look at the stories and trends that have resonated the most through the first quarter of 2019. Believe it or not, the most-clicked retail story of the year so far was about the now-Insta-famous “Amazon coat.” But that’s not what this post is about. Below, we examine the three biggest trends from Q1 of this year based on SmartBrief’s top-clicked retail stories and what they will mean through Q2 and beyond.

Spotlight

RETAIL INTERNATIONAL GROUP

With unrivaled experience in Malta and the North African market, Retail International Group offers fashion brands an opportunity to enter these emerging markets with a dependable and professional partner. Formed in 2006, Retail International Group has since established a strong reputation in the retail world as one of the pioneers in fashion retailing across Malta and North Africa.

OTHER ARTICLES

Fashion retailers may have to write-off £15bn worth of spring and summer stock

Article | April 15, 2020

Unprecedented volumes of clothing are building up in warehouses as fashion retailers are unable to sell their spring and summer stock. The majority of physical shops in the UK remain closed under the government’s current lockdown measures, with sales of non-food items down by 70 per cent according to research by Retail Economics and Alvarez & Marsal reported by the Times. The study found that more than 50 per cent of non-food retailers in the UK will likely run out of cash in the next six months, with all major non-food retailers operating in negative cash flow at present.

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Retail's secret weapon: Order fulfillment optimization

Article | February 12, 2020

The start of a new year is the perfect time to reflect on the past and prepare for the future. While holiday 2019 was another record year for retail sales, brands faced some serious challenges when it came to a shortened shopping window and the ever-growing consumer expectations around timely, accurate, and convenient deliveries (and returns). Some may believe these woes to be behind us now that the holidays are over, but the potential for spikes in product demands remains throughout 2020 leading into next year's holiday season. And if history has shown us anything, it's that now is the time for retailers to implement the right processes and technologies that ensure seamless and positive customer experiences, or risk ongoing negative impacts to the bottom line.

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Don’t get left on the shelf in the ecommerce evolution

Article | March 26, 2020

Manufacturers are facing a retail armageddon and need to find new ways of driving sales direct or squeezing as much as possible through the ecommerce platforms of their partners. Pivoting to a DTC business is not a quick fix and for many brands, their own ecommerce sites are just not fit for purpose or the budgets are not available to drive the qualified traffic through to purchase. That inevitably leaves a greater focus on driving sales through third party ecommerce sites. The ecommerce penetration rates vary massively from sector to sector and while they have been growing strongly, they have to date made up a relatively small percentage of online sales. Traditional retail still contributes significantly to the bulk of all purchases.

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WFH? Here’s how to manage your ecommerce order deliveries successfully

Article | April 6, 2020

The outbreak of the novel coronavirus has turned the whole world upside down. No one is sure about anything anymore. And that scares us. Luckily, the culture of remote working has been catching on. There are a gazillion tools that help you get rid of the snags of WFH. Regardless, managing your team as an ecommerce business owner remotely is no joke. Especially during a time when you cannot afford to lose business or customers. Here’s a cheat sheet to stay on top of your orders in the age of social distancing. Real-time shipment monitoring: The good news is that there is a greater push for shopping online. More and more customers are seeking comfort in the ease of ordering products online. In the US, there has been a surge in the ecommerce order volume for health and beauty products. The real challenge is staying on top of order fulfillment. You need a unified portal that tracks and monitors your packages in real-time.

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Spotlight

RETAIL INTERNATIONAL GROUP

With unrivaled experience in Malta and the North African market, Retail International Group offers fashion brands an opportunity to enter these emerging markets with a dependable and professional partner. Formed in 2006, Retail International Group has since established a strong reputation in the retail world as one of the pioneers in fashion retailing across Malta and North Africa.

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