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Pacsun Improves Profitability with Intelligent Allocation and Replenishment with Antuit.ai

Retail Focus

With a strong commitment to supporting self-expression amongst its community of younger shoppers, it launched its PacCares initiative in 2020 to support and partner with companies that matched its values of good mental health, diversity and equality.

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Pacsun Improves Profitability with Intelligent Allocation and Replenishment with Antuit.ai

365 Retail

With a strong commitment to supporting self-expression amongst its community of younger shoppers, it launched its PacCares initiative in 2020 to support and partner with companies that matched its values of good mental health, diversity and equality.

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How to Forecast Demand in Retail (2020)

Retalon

Demand forecasting drives most of the business’ performance metrics by reducing inventory costs, increasing turnover, and improving the customer experience. Understanding the true historical demand reveals where retailers lost sales due to understocks and what drove their clearance markdowns on overstocks.

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6 Ways Farfetch is Disrupting Luxury Retail

Indigo 9 Digital

While the shift towards selling luxury goods online took place before 2020, the pandemic cemented a new way forward. Under this model brands have more control over merchandising, pricing and the customer experience. If we want to enrich the customer experience, we have to think about a range of services like that.”

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Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

But in 2020 Marks & Spencer opened up its website to outside apparel brands. In a small pilot that took place in October of 2020, where Marks & Spencer sold womenswear brand Nobody’s Child on its website, Marks & Spencer found that close to 10% of customers who bought the brand were new to Marks & Spencer womenswear.

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Meet Lindsay Nicholas, the fashion designer bringing NY edge to Melbourne

Inside Retail

We fared well through 2020 as we have a strong online presence, though in 202,1 we saw things slow down a bit. We’re also not a brand that takes markdowns on stock after six weeks. The customer experience is second to none. IR: The last few years have been tough on everyone, but especially smaller businesses.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. According to Digital Commerce 360 , American consumer online spending in 2020 increased 44% to $861 billion. This frees physical stores to serve as showrooms for the broader assortment, or better yet, provide customer experiences and events.