Retail

Retail (156)

Data shows contactless payments are a must for retailers

Looking at the available data, it is obvious that the coronavirus pandemic is as bad as it's ever been on a countrywide level. In just the past week, the number of daily cases, deaths, and hospitalizations have risen significantly, as did test positivity rates among reported tests. Ominously, on Friday, November 13th, the daily number of new cases hit an astounding 177,000—the highest we have seen since the outbreak began by a wide margin. 

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3 Mistakes for Brick-and-Mortar Retailers to Avoid

As the coronavirus pandemic rages on—and with public health experts concerned about a major surge in cases as we enter the final months of the year—many brick-and-mortar businesses are searching for some semblance of normalcy in what has been an extremely difficult year for retailers.

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Get Your Supply Chain Ready for the Holidays

The 2020 holiday looks different for retailers. The year has had many challenges due to the coronavirus pandemic, which has affected many things. One of the areas that have been affected substantially is the supply chain. However, despite the challenges,  sales are projected to increase this year, considering many people have opted to purchase products from e-commerce platforms instead of using brick-and-mortar stores. As the number of e-commerce orders rises, there will be an increase in the type of services, including last-mile package deliveries and transportation and inbound shipment of items, among others. This calls for careful planning and change of strategy in supply chain management.

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Plan for an Unusual 2020 Holiday Season

Almost everybody has found their plans mired in the coronavirus. From the retailers whose sectors they depend on have been closed down to holidaymakers whose travel plans have been limited, everyone has been left thinking of what will happen next. Most people have been forced to change their plans while others have halted them completely. As the holiday season gets closer, many retailers will soon start planning their 2020 season, if they have not begun already. While people in this industry have had it easy to forecast and diligently plan for such seasons and execute the holiday campaigns accordingly in the past, this year is a difficult one considering the challenges occasioned by the COVID-19 pandemic.

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Amazon Looks to Use Empty Mall Space for Fulfillment

As other organizations face a rough time due to coronavirus pandemic, Amazon seems to be having a good time. The company just reported the best ever quarter, meaning the company is making profits and is gaining more power with time. Despite the losses that have reduced traffic in malls for quite some time, customers seem to be shifting their attention to online shopping. And then the coronavirus hit. As it appears, Amazon might soon take over spaces of bankrupt retailers who are struggling with the coronavirus pandemic and other issues.

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Has COVID permanently altered US retail?

Long before COVID-19 was even a blip on the radar, countless obituaries had been written for traditional shopping, mega malls, brick and mortar retailers, and mom and pop shops. According to a new survey of US shoppers, the ongoing global pandemic is on track to all but eliminate retail and commerce as we once knew it. 

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Adapting Your eCommerce Strategy During COVID-19

During the global COVID-19 pandemic, most eCommerce businesses were severely affected by supply chain issues. This happened first and foremost due to importing and exporting from China being shut down. However, there are precautions you can take and ways in which you can adapt your eCommerce strategy for your business not to go under. Based on my experience as a businessman, I believe these risks can be avoided by paying special attention to sourcing and fulfillment centers. By doing this, you will be prepared for any mishaps like the ones occurring due to COVID-19.

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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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