Articles by tag: retail

The world is in an era where sustainability and responsible retail business practices are increasingly crucial. For the latest episode of “What Just Happened,” host Christine Russo further explored the hows and whys of this pressing issue by interviewing Cara Smyth, Global Senior Managing Director for ESG and Responsible Retail at Accenture, and Chair…

The current landscape of the retail supply chain has been in turmoil in recent years, with unexpected and disruptive challenges like the Suez and Panama Canal incidents, alongside the ongoing digitization struggles. Now, this volatile environment turns up critical questions about the resilience and adaptability of supply chains given unanticipated disruptions. With the retail…

Over the summer, fast fashion retail giants, Shein and Forever 21, announced a collaborative effort in a move to widen their customer bases. Shein will see its products sold out of the retail company’s hundreds of locations, and in turn Forever 21 gets hold of the online retail giant’s massive global reach and supply…

The retail landscape is seeing a lot of changes and those changes have brought both opportunities and challenges. One of those challenges is the rise in inventory shrink, which is being blamed for the sudden retail exodus. Between thefts and shifting consumer behaviors, inventory accuracy is now emerging as a growing concern for…

AI technology is reinventing traditional retail landscapes all over the world, and the need for innovation in inventory management is pivotal. Retailers are at a crossroads, facing the imperative need to synchronize online and offline inventories and enhance the customer shopping experience. However, a key player, Spacee, is driving this transformation by leveraging…

The world is rapidly changing, forcing the discussion around the environmental impact of our choices central to many industries. Of them is the textile industry. As the most commonly produced and bought fabric, cotton is the staple of most wardrobes. But it also carries a heavier ecological burden ranging from the growth of cotton…

The future of retail is not just a question of digital versus physical; it’s about creating a seamless, multi-dimensional experience that speaks to consumer emotions as much as it does to their needs. Melissa Gonzalez, Host of Retail Refined, and Principal, MG2 and Founder of The Lionesque Group, underscores the enduring power of brick-and-mortar…

Retail theft, an age-old issue for brick-and-mortar establishments, has hit a particularly troubling peak recently. With the uptick in both organized retail crime and opportunistic shoplifting, traditional methods of prevention like security cameras, RFID tags, and in-person surveillance are proving to be less effective. As such, the transition towards innovative AI-driven solutions like Veesion‘s…

The fashion industry, often criticized for lacking sustainable practices, finds its common defense in the notion of retail therapy. However, a paradigm shift for sustainability in fashion is on the horizon as professionals within the industry retrain in sustainable fields like agroecology and biofabrication. By 2025, consumers might be empowered with the knowledge of…