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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

They’re the essential expenses that effectively set the table for conducting any retail business. And, according to KPMG’s 2018 Retail Trends Report , they account for up to 14% of the retailer’s overall cost of doing business. Vishal Patel is VP of Product Marketing and Technology at Ivalua.

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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

In 2018, Ernst & Young (EY) launched an ambitious project called FutureConsumer.Now , to model scenarios that would challenge present thinking about future consumers. RTP: The Future Consumer Index also identifies some retail trends. Which retail trends identified in the Future Consumer Index do you think are most pertinent?

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. Do you like this content? Aggressive store expansion and failure to adapt to eCommerce.

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Oatly’s Strategy, 5 Reasons it Has Taken Off

Indigo 9 Digital

By all accounts Oatly is an overnight success. Its oat milk landed in coffee shops in the United States in 2016 and by 2018 its was so popular there were shortages of it across the United States. The ability to see and act on emerging trends. By 2019 the global market for milk alternatives reached an estimated $18 billion.

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Cheers! Vegans Can Enjoy a Tipple With New Plant-Based Alcoholic Beverages

Rangeme

According to the Future of Drink Report from market research company Datassential, Chicago, 42% of consumers say they are interested in plant-based, alcohol-free versions of classic cocktails. In 2018, Guinness stopped filtering through isinglass (fish bladder), which it had been doing for more than 250 years. Source: Just Wine.

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Differentiation by Certification: Understanding 7 Popular CPG Certifications

Rangeme

Unlike creating your own product attribute logo and slapping it on your packaging, obtaining official certifications from respected organizations creates transparency between you and your customers, builds trust, accountability, community engagement, and the opportunity for consumer education. Non-GMO Project Verified.

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Nordstrom Leaves Canada, 9 Reasons Why

Indigo 9 Digital

But the truth is Nordstrom’s failure in Canada can’t be simplified, by saying, as many are, that Nordstrom didn’t understand the Canadian market. Nordstrom operates in one of the hardest categories in retail, apparel and accessories. Over the past decade that Nordstrom has been in Canada there have been material changes in the market.

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