Retail

Retail (149)

How Scent-maker Empire Candle Co. Ignited 300% Growth with ERP Technology

It is estimated that more than 10,000 different candle scents are available to consumers today. According to the National Candle Association, U.S. retail sales of candles - not including accessories like hurricanes, matchboxes, and wick trimmers - are estimated at approximately $3.2 billion annually. Founded in 1951, Kansas City-based candle and fragrance company, Empire Candle Co. is one of the major manufacturers in the billion-dollar industry. 

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How Different Will Retail be as Tech Buying Takes Over?

The retail industry has been going through a raft of significant changes since the last decade. These changes have been occasioned by the increased internet access and the rise of artificial intelligence, virtual reality and robotics, all of which have proven helpful in many industries. As we move into the future, many technologies keep coming up and the industry will no doubt be revolutionized for the better. The changes will, without doubt, change retail as we know it to a completely different one going forward and you can expect these changes starting now.

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Apply Data Science to Enhance Your Supplier Relations

Over the past few years, the terms big data and big data analytics have become common keywords in almost every industry. However, we have now come of age and these terms are being put into action to solve different real-life problems. In the procurement and supply chain industry, big data has become critical, considering the complex nature of the industry.

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Online Shopping vs. Holiday Demands - How should the supply chain prepare ahead of time?

More consumers are shopping online year-round, which means the holidays are becoming less important for retailers when it comes to hitting their yearly numbers. The ease of online shopping is driven by consistent deal days. The “Amazon Effect” continues to take hold and influences retailers like Walmart to stay competitive year round with online initiatives. These trends pull shoppers’ dollars forward and away from November and December. It means there is a constant demand for goods all year long, and that supply chains will have to adapt to this year-round “holiday-like” pressure to prepare and meet consumer expectations.

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Closing of some brick-and-mortar retailers part of natural evolution

The national news has been filled with stories about the demise of brick-and-mortar retailers, but such closures are part of a natural evolution of this sector, says a Ball State University researcher.

Steve Horwitz, Distinguished Professor of Free Enterprise, is not surprised that more than 1,700 stores are expected to close in 2200 as part of ‘retail apocalypse.”

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Online Shopping vs. Holiday Demands - How should the supply chain prepare?

More consumers are shopping online year-round, which means the holidays are becoming less important for retailers when it comes to hitting their yearly numbers. The ease of online shopping is driven by consistent deal days. The “Amazon Effect” continues to take hold and influences retailers like Walmart to stay competitive year round with online initiatives. These trends pull shoppers’ dollars forward and away from November and December. It means there is a constant demand for goods all year long, and that supply chains will have to adapt to this year-round “holiday-like” pressure to prepare and meet consumer expectations.

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Blockchain is Invading the Fashion Industry

Blockchain discussion is everywhere. Starting in 2017 when the concept gained momentum, many industry-wide applications have emerged. The decentralized ledger technology that is the basis of blockchain has brought scalability, enhanced speed of transactions and improved security and will, without doubt, transform the world. With these advantages, industry leaders are now exploring possible ways that they can use this technology to their advantage.

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Shopify for Onlining Your Store

If you’re buying from an e-commerce shop this holiday season, they may be powered by Ottawa-based company Shopify. Shopify, an e-commerce platform enables small businesses to create their own branded store without having to rely on Amazon or other big marketplaces. Small business owners who have sold their products on Amazon have complained that Amazon controls their product’s price, their supply chain and even their company messaging. Some companies have even gone so far as to accuse Amazon of creating copycat versions of their products only to sell them at a cheaper price on Amazon.

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The Rise of the Porch Pirate: Why Consumers Need to Rethink Their Delivery Locations

As package deliveries have increased due to e-commerce shopping, so too has package theft.

Porch pirates, or package thieves, exploit the fact that most online shoppers receive their packages in unsecured areas such as building entryways and outdoor mailboxes.

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How the Subscription Box Economy Exploded in Popularity

shoppersWithin the last decade, the subscription box market has taken off. Everything from groceries to makeup products are being shipped around the world to those who subscribe to these trending vendors. Between 2014 and 2018 alone, subscription box services grew by 890%. Just what sparked that extreme growth? Amir Elaguizy, a co-founder of global subscription box marketplace Cratejoy, discusses three key trends that popularized the services:

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