Retailing - Business Research Insights

The Scoop Podcast: How To Serve Your Best And Biggest Customers It’s beyond a traditional understanding of point, click, buy e-commerce. Co-founder and CEO of AgVend Alexander Reichert shares how ag retailers are looking to digitally enable not just the customer experience, but also have best in class tools for their sales teams, their marketing teams, finance, procurement operations, and helping their organization, do their best work with technology. He shares more on The Scoop podcast: “When we first started AgVend back in 2017, we were ruthlessly focused on digital commerce in the space. There was a lot of talk around e-commerce, and this point, click Buy traditional e-commerce type of mentality. Retailers wanted to experiment in this space, and so our marketplace enabled them to do it where they would post excess inventory, we would do the digital marketing to acquire growers. Growers would make purchases on the AgVend marketplace, and then we would connect them with the retailer to deliver the product. We ran that for two years and sunsetted it in 2020 to evolve into our current model.” Source:- https://lnkd.in/dF5_Q-BK #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

Retail Check In: Trail Creek Outfitters There’s a lot happening at retail these days, so The Dailly is checking in with some outdoor specialty accounts to see how they are navigating the challenging environment. We asked Kyle and Brett Havertine, the owners of Trail Creek Outfitters in Glen Mills, Pennsylvania, about sales trends so far this year and their outlook for holiday, how they are adjusting their merchandise mix, and what brands and categories are working. What are?the?biggest challenges? Kyle and Brett Havertine: Early in-season discounting on core outdoor brands’ DTC channels has forced our hand to compete with online sales and as a result our margin has suffered. Particularly this fall, we’ve noticed a down-tick in foot traffic. It’s always a challenge to come up with new, creative marketing ideas to drive consumers in-store. Once we do get the customer in the door, we are confident that our customer service and knowledge on the product we carry differentiates us from the competition. It’s the hurdle of convincing consumers that touching and feeling the product, rather than the ease of an online purchase, is worth it. What are?the?biggest brights spots? Kyle and Brett Havertine: Travel has been strong, including packs, luggage, and travel accessories. Women’s apparel has also been a bright spot for us this year. Source:- https://lnkd.in/g3ZP-CN6 #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

LVMH Announces Departure of Sephora and Selective Retailing Head Chris de Lapuente Amid Executive Reshuffle THE WHAT???LVMH has announced that Chris de Lapuente, head of its selective retailing division, will be stepping down from his role on October 31 to retire. THE DETAILS?De Lapuente, who has been with the luxury group since 2011 as CEO of Sephora, played a crucial role in the division’s success, which includes the Parisian department stores Le Bon Marché and La Samaritaine, as well as DFS, the luxury travel retailer. THE WHY???As #LVMH faces a softer luxury market post-pandemic, this transition is part of a broader executive shake-up following the earlier departure of Antonio Belloni. Stephane Bianchi, who succeeded Belloni as deputy CEO, will oversee the heads of Sephora, DFS, and Le Bon Marché moving forward. Source:- https://lnkd.in/gvar6R9J #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

Festive season 2024 expects weak sentiments for clothing demand: Survey The low sales expectations are attributed to a shift in consumer spending towards other lifestyle avenues, along with a slowing economy and rising inflation. Bengaluru:?The festive season of 2024 is expected to show weak sentiment for clothing demand, according to a survey conducted by the Clothing Manufacturers Association of India (CMAI). According to the survey, 63% of respondents anticipate either the same or lower sales of clothing and apparel compared to last year. Of these, nearly 25% expect sales to drop as low as 75% of the previous year’s figures. Whilst the reasons for such low expectancy varied, the biggest factor impacting the low sentiments appeared to be the shift in larger wallet share of the consumer spending moving towards other avenues of lifestyle – with 35% of the respondents attributing their low expectations to this factor. 24% respondents attributed a slowing economy and inflation to be the top challenges at the moment. Amongst the?apparel?categories, menswear seems to have been the worst affected, with 75% of the respondents expecting womenswear and kids wear to perform better in terms of demand during the season. The survey reveals that, 75% of respondents believe mid-priced brands will perform best during the season, while 18% think low-priced brands will fare better. Additionally, 52% of respondents expect strong demand for Indian wear, followed by casual wear, with formal wear falling out of favor. Furthermore, the survey shows an encouraging 75.5% preference for offline retail against 24.5% for online retail despite growing penetration of the e-commerce industry in India. “Considering the sluggish business environment that our industry has experienced in the past six months, the trends are not surprising,” said Rajesh Masand, president, #CMAI. “Yet, we are hopeful of not missing out on the Festive spending and expect demand to gradually surge considering the Wedding season later in the year.” CMAI is an association of the Indian apparel industry having over 5,000 members and serving more than 25,000 retailers across India. It advocates regarding policies and also guides its members on environmental, social, and governance related matters and initiatives. Source:- https://lnkd.in/gY93gtij #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

?????? ?????????????? ???????????????? ???????????? $?? ?????????????? Nutrabay Retail, a D2C startup retailing sports nutrition & wellness products, on Monday said it has raised $5 million in a funding round led by #RPSG Capital Ventures. The funds raised in the Series A round will be invested in omni-channel expansion and innovations. Kotak Alternate Asset Managers also participated in the round, according to a statement. Nutrabay Retail “has raised its first-ever institutional funding round after growing profitably in a bootstrapped manner for over 7 years,” it said. This is in line with its vision and the incoming investment will be used for the omni-channel expansion and ramp up new product innovation. Founded in 2017, Nutrabay operates as a direct-to-consumer multi-brand retail store housing over 100 brands along with its private label products under the brand Nutrabay. Besides its D2C platform, Nutrabay’s private label products are sold across other e-commerce channels and offline supplement stores. Nutrabay brand houses over 70 products and saw 80% growth in FY24. “It plans to add over 50 new products to the portfolio by the next financial year,” said the statement. ????????????:-?https://lnkd.in/gerkjWs2 #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

???????????? ?????????????? ???????????????? ???? ?? ?????? ????????????: ???????????? ?????????? Consumers in Jaipur are consciously opting for nutritious products, such as peanut butter, dry fruits, ghee, health bars, homoeopathic remedies New Delhi:?#Online_shopping company #Amazon India on Friday said Jaipur has rapidly emerged as a key market for pre-festive essentials across categories like grocery, baby care, health and personal care, and pet care products. “Consumers in Jaipur are consciously opting for nutritious products, such as peanut butter, dry fruits, ghee, health bars, homoeopathic remedies, and multivitamins,” Nishant Raman, Director of Consumables at?#AmazonIndia, said. “The city ranks as the 4th highest unit-selling market for spreads like peanut butter on Amazon. in, while its residents purchase three times more health bars, homoeopathic remedies, and multivitamins compared to the national average,” he said. Raman said that #Jaipur is one of the most important markets for the company. ????????????:-?https://lnkd.in/g2DgF-hx

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