This year’s group of 26 Apparel Innovator Award winners is pushing the barriers when it comes to satisfying consumer demand. Read on to learn about a wide range of innovations ranging from unique product offerings to smart uses of technology.
Retailers must modernize their pricing technology infrastructures to account for each location’s competition, inventory levels and other related information to optimize each specific shop based on its own unique circumstances and data.
If done correctly, ship-from-store fulfillment not only addresses rising customer expectations, but also helps retailers avoid markdowns and lost sales, decrease fulfillment costs and increase full-price sales.
Making smart technology investments can deliver tremendous value to retail stores, to optimize staffing, increase inventory turns, enable secure frictionless transactions, and to empower store associates to become effective brand ambassadors.
Each year, stores see an influx of returns after the holidays. In fact, in 2017, U.S. customers returned about $351 billion worth of items. This is more than the Gross Domestic Product of Israel for that year!