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As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

Because of efforts to address this mismatch of product and real-world sizing, Coresight Research estimates that the value of the extended-size market for women will grow to $32.3 this year alone, representing approximately 21% of the total women’s apparel market. Test the market with new size options and be inclusive in marketing.

Consumer 289
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Key Tips for Leveraging Personalization in the Retail Industry

Retalon

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. A luxury brand, for example, may offer a higher level of service to individual customers, but avoid things like items or prices particular to a region, so as not to dilute the brand value.

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Personalization vs. Consistency in the Retail Customer Experience

Retalon

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. A luxury brand, for example, may offer a higher level of service to individual customers, but avoid things like items or prices particular to a region, so as not to dilute the brand value.

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How to Forecast Demand in Retail (2020)

Retalon

Demand planning can be a confusing term that combines both terms, but in most cases when retailers refer to demand planning they mean forecasting demand. Woman look at the stock market data on computer monitor. The Importance of Forecasting Demand in Retail Big Data Analytics. Also retail is no longer just brick-and-mortar.