Yes, the holiday shopping season is short–and apparently getting shorter. The average holiday shopping duration among consumers in the US has gone from an average of 7.1 weeks in 2018 to an anticipated 5.8 weeks in 2022 according to Statistica. ...
The pressure is on. Only two minutes left in the last quarter of the championship basketball game, and your team is down by three points to take the win. ...
In challenging economic times, retailers who cut back on investing in the business for fear of going bust could end up doing themselves a disservice both during the recession and afterward. ...
Some retailers may think they have very little control in a recession, that they are left to be tossed about like a ship on the waves of inflation, reduced consumer spending, and excess inventory–but what if this wasn’t true?...
Omnichannel analytics has never been more important than it is today. Not only are customer expectations greater than ever, but sky-high inflation and economic uncertainty means that consumers have less discretionary dollars to spend. ...
Effective inventory allocation has never been more important than it is today. With recent supply chain shocks, unpredictable consumer demand swings, and economic uncertainties looming, retailers need to ensure their inventory is in the right place at the right time....
The mounting pressure of volatile supply chains, finicky consumer demand, and a bevy of new competitors make e-commerce demand forecasting more important for retailers than ever before....
Are your customer relationships healthy? Savvy retailers know that nurturing customers as individuals is key to engaging, keeping, and increasing them. ...
You might have noticed a shift away from demand forecasting models in Excel. Perhaps you’ve heard about top retailers adopting AI-based models....
It’s an exciting time in retail, especially with the rapid rise of e-commerce sales. It’s estimated that global online retail sales will reach $6.17 trillion by 2023....
