For the past decade, Apparel magazine and Kurt Salmon have teamed up to look at the elements involved in global sourcing excellence for apparel. This year, as we mark the 11th anniversary of the study encompassing a survey across more than 170+ retailers and brands, it’s significant to note that 2016 saw the highest annual number of bankruptcies filed by retailers since the Great Recession. A volatile commodity market did not help.
In working on this month’s and last month's cover stories, on the top five department stores and top 50 apparel companies, respectively, there appeared, as usual, a number of threads that ran throughout the majority of the profiled companies and wove a tapestry that told a story larger than the for
It hasn’t been an easy year for department stores — even for those in the top five. Along with everyone else in the business, they are doing their best to engage the consumer with great product and memorable experiences, nurture talent, achieve an omnichannel enterprise and cut costs —all while struggling with a challenging economy, unseasonal weather, FX headwinds and consumers whose loyalty is tough to pin down.
Once you’ve taken the steps to integrate your e-comm and brick-and-mortar supply chains, there are different paths to take to become truly omnichannel in distribution and fulfillment.
PLUS: Vendor Viewpoint – Interview with Kevin Reader, Director of Business Development &