daVinci Retail

We’ve got BIG news??Target Australia has chosen daVinci to implement our suite of retail software solutions Read about it here?? https://lnkd.in/esgZAk-V #retailnews #australia #retail

Private label sales in the U.S. continue to soar, with food and beverage leading the charge. While inflation initially drove growth, consumer interest now extends beyond price. Gen Z and younger millennials are the biggest adopters, fueling the trend. Sales hit a record $271B last year, and private label unit sales have grown 2% since 2021, while national brands declined by nearly 7%. Grocers are doubling down on private labels as a core strategy, focusing on premium offerings, innovation, and brand equity. The takeaway? Private labels are no longer just the budget-friendly option—they’re becoming a mainstream choice. #RetailTrends #PrivateLabel #ConsumerBehavior https://lnkd.in/gfKtcB8t

How Tariffs & Elections Shape Retail President Trump’s recent executive order on reciprocal tariffs is stirring concerns across the retail industry. The policy, designed to counter foreign tariffs on U.S. goods, could disrupt supply chains and raise prices for consumers, according to the National Retail Federation (NRF). Retailers like Puma, Steve Madden, and Skechers are already reassessing sourcing strategies in response to escalating tariffs. With consumer sentiment declining, the impact on retail sales could be significant. https://lnkd.in/g2uND_-G Read more about how elections shape retail trends in our latest blog: https://lnkd.in/gSAS-2qn #Retail #Tariffs #Elections #SupplyChain #daVinciRetail

This policy shift will significantly impact fashion retail, particularly fast fashion brands like Shein and Temu, which have relied on the de minimis loophole to ship cheap, duty-free goods directly from China to U.S. consumers. The key effects include: 1. Higher Costs for Fast Fashion – Without the de minimis exemption, import duties and tariffs will raise costs for Chinese retailers, potentially leading to higher prices for consumers. 2. Competitive Boost for U.S. Retailers – Domestic fashion brands and retailers may benefit as Shein and Temu lose their pricing advantage, making local options more attractive. Overall, this move could reshape the competitive landscape of fashion retail, making it harder for Chinese e-commerce giants while giving U.S.-based brands an opportunity to regain market share. https://lnkd.in/gBSYiDEc

No matter how skillfully one uses AI, the most important element remains creativity. We will always need the creative spirit to move forward." So true! https://lnkd.in/gMq3BdYf #retailMerchandising #retailplanning

Amid rising concerns over tariffs and their inflationary impact, off-price retailers like Burlington, Ross Stores, and TJX Companies showcase unique resilience. Their sourcing model—relying heavily on excess inventory from domestic suppliers—minimizes direct tariff exposure. This strategy not only shields them from significant cost increases but could also enhance their competitive edge. As mainstream retailers grapple with higher prices, off-pricers may see increased opportunities to source discounted merchandise, maintaining their value-driven appeal to consumers. It’s a testament to how agility in sourcing and pricing strategies can turn market disruptions into advantages. What are your thoughts on how trade policies impact retail strategies? #merchandising #retail https://lnkd.in/gJm76vHt

Donald Trump's return to the White House could reshape U.S. retail. Proposed tariffs on imports (up to 60% for goods from China) may drive up prices on essentials like apparel, hitting lower-income consumers hardest. While "Made in USA" incentives could boost local production, higher costs and supply chain disruptions are likely. Retailers should prepare for shifting consumer behavior and rising costs. #RetailTrends #FashionIndustry #ConsumerImpact https://lnkd.in/gtuiRNnm

Donald Trump's return to the White House could reshape U.S. retail. Proposed tariffs on imports (up to 60% for goods from China) may drive up prices on essentials like apparel, hitting lower-income consumers hardest. While "Made in USA" incentives could boost local production, higher costs and supply chain disruptions are likely. Retailers should prepare for shifting consumer behavior and rising costs. #RetailTrends #FashionIndustry #ConsumerImpact https://lnkd.in/gtuiRNnm

??? New Survey Reveals Majority of UK & US Shoppers Prefer In-Store Over Online Shopping ??? According to recent insights from X-hoppers and Sago, over 51% of adult shoppers in the UK and US favor in-store shopping, with a stronger preference among those aged 55+. This trend highlights key factors driving consumer loyalty in physical retail settings: ?? Inventory: 87% appreciate seeing and taking home items immediately, with nearly half avoiding stores with low stock. ?? Customer Service: Friendly and helpful staff are crucial—23% cite it as a primary reason for loyalty, while 57% have stopped visiting stores due to poor service. ?? Safety: 81% prioritize safety, with many saying it impacts their store choices. Takeaway for Retailers: Focus on well-stocked shelves, prioritize customer safety, and ensure excellent customer service to keep shoppers returning! ?? #RetailInsights #InStoreShopping #CustomerExperience #RetailTrends #ShopperPreferences #CustomerService #InventoryManagement https://lnkd.in/edWGYzWq

?? Retail Alert: How the U.S. Dockworkers' Strike Could Impact Holiday Shopping ?? With 45,000 dockworkers on strike from Maine to Texas, U.S. ports face a shutdown at a critical time for retailers. The strike could lead to shortages and higher prices, especially as the holiday shopping season heats up. While many big retailers have already stocked their shelves, replenishing popular items like apparel and toys could become a challenge if the strike continues. Retailers face increased costs for rerouting shipments and storing inventory, which could eventually trickle down to consumers. Toy companies, in particular, are at risk as they rely on holiday sales for up to 60% of their revenue. https://lnkd.in/gPX7qfw8 #Retail #SupplyChain #HolidayShopping #PortStrike #Apparel #Toys