To survive in today's economic climate, retailers must stay on the cutting edge of technology, business strategy, and more. This section is all about business strategy, with content focused on topics such as retail technology trends, retail and e-commerce marketing strategies, merchandising, omnichannel best practices, and more!
The retail industry was one of the hardest hit during the pandemic and recovery has been a rollercoaster. Consumer shopping behaviors have changed forever, with the majority of retail interactions now happening online. Despite these changes, the demand is there. Recent spending data from Mastercard indicates that consumer spending was up 7.6 percent during the...
For decades, the topic of sustainability was on the back burner for brands and retailers across their business models, networks of manufacturers, and supply chains. But now that’s starting to change. Retailers in every sector are boosting their commitment to sustainability. For some brands, being environmentally friendly has been a core element of their DNA...
Last week, Women in Retail Leadership Circle (WIRLC) acknowledged Equal Pay Day by recognizing how far we have to go: In 2023, on average, women are earning 77 cents for every dollar earned by white men, the racial group with the highest pay across occupations. That ratio decreases for women who aren’t white. The National...
QVC announced this month it is making an expanded commitment to growing its accessible and adaptive assortments, as well as streamlining how customers find and explore these products and enhancing the accessibility of its end-to-end shopping experience. QVC is the live video commerce arm of Qurate Retail, Inc., and Qurate is one of Women in...
We all know that alcohol and wine sales were up during COVID-19. In some states they were up by 40 percent. What also occurred during COVID-19 was the shutdown of the most important part of a winery’s business: in-person tastings. Analysts and wine makers alike predicted that the easing of social distancing restrictions would be...
What type of retail issues do you expect to face this year? Environmental and sustainability challenges? Workers unionizing? Privacy and cybersecurity concerns? All of these issues and more are discussed in Hunton Andrews Kurth’s 2022 Retail Industry Year in Review, a report that provides a comprehensive overview of recent developments impacting retailers, as well as...
Recent headlines have been full of layoff announcements, but most of the cuts in retail have been at the corporate level, masking the fact that retailers are still struggling with a massive shortage of frontline workers. A new global study commissioned by WorkJam found that 63 percent of retail companies are currently short frontline staff,...
If you’re like so many clients I’ve talked to over the years, you may think email marketing is as dead as the dinosaur age … … and I’m here to tell you that’s flawed thinking. You don’t own your social media platforms (Facebook and Google do, and they can shut down your account whenever they...
In the fashion industry, pricing is the main driver of consumer spending. Globalization, the decades-old process whereby new economies of scale were forged, ushered in the era of fast fashion. Democratization of the industry and mass appeal gave the consumer a taste of both the stylish and inexpensive — providing instant gratification to the masses....
Wondering how Walmart prepared its supply chain for a surge in customer orders this past holiday season? We were, too, so we reached out to Jennifer McKeehan, senior vice president of end-to-end delivery at Walmart, to find out. What follows are McKeehan’s answers to questions about her professional background, Walmart’s supply chain program, its supply...
