L.E.K. Consulting discusses how retailers can avoid promotional traps by using the benefit-based promotional strategy to garner higher same-store sales and more profitable and incremental sales.
What's next for mobile? L.E.K. shares best practices and strategies for maximizing mobile’s impact in the rapidly evolving retail landscape.
Learn about new business technology innovations helping fashion retailers improve supply visibility and meet the demand of today’s omnichannel shoppers.
Digital shopping is becoming the norm around the world, with mobile users increasingly becoming the dominant force in the fashion industry. Every product catalogue anywhere is open to them. To attract and keep consumers, fashion industry executives struggle to make sure that they have “the right stuff”—the right look, the right inventory in the right channels, with the right timing and the right exposure to the right social media. This anxiety was stirred up publicly when Leslie Wexner, CEO of L Brands, Inc., a specialty retail group, told his investors recently that department stores are irrelevant and that apparel sales are drying up as a category. Read this White Paper – authored by Bob McKee, Infor, Industry Strategy Director to learn the answers on how to turn shoppers into buyers with e-commerce.
Robust, flexible, industry-specific ERP solutions help apparel and footwear brands move their businesses forward.
Fabric is a key component of attracting a consumer’s eye to a garment. However, fabric is also where a majority of the garment’s cost lies, at times accounting for more than 50 percent of the total. Understanding the impact different fabric choices have on a particular design and its production is thus an essential part of the product development process. This whitepaper explores how to manage the challenges of fabric selection through a “Design to Cost” approach—the practice of combining advanced technology and process management at the earliest stages of conceptualization to manage manufacturing constraints without sacrificing a beautiful end product. The approach allows companies to develop designs that appeal to consumers and meet targeted profit margins and quality levels.
The fashion industry thrives on innovation. It’s what the consumer wants from us—something new, not just clones or replacements for worn-out items. New product introductions are critical to business success, but only half of them achieve the profit objectives set before launch. To improve the ratio of hits to disappointments, it is essential to listen to the consumer and collaborate with the supply chain. The consumer sets the bar for value and the supply chain determines whether you meet or miss it.
Everything you need to know to stay ahead of the game and make 2013 your most successful holiday season yet!
Corporate Social Responsibility (CSR) dominates discussions in the apparel industries. Organizations like BSCI, Sedex and Fair Wear Foundation provide solid platforms for the documentation of factory audits. But the questions remain: Is it enough to audit factories every two or three years? What happens once the auditors leave the factory? How do you install permanent and effective CSR control? Discover how tracking every corrective action makes factories a safer, better place.
Leading companies and technology providers are rethinking the fundamental model of analytics, and the contours of a new paradigm are emerging. The new generation of analytics goes beyond Big Data (information that is too large and complex to manipulate without robust software), and the traditional narrow approach of analytics which was restricted to analysing customer and financial data collected from their interactions on social media. Today companies are embracing the social revolution, using real-time technologies to unlock deep insights about customers and others and enable better-informed decisions and richer collaboration in real-time.