Neiman Marcus automation, LVMH upskilling initiatives, and shifting consumer preferences

As we wrap up 2024, we’re excited to share the trends and insights we’re seeing that can shape your strategy for 2025. With the holiday season around the corner, let's dive into what’s working in the industry to help you stay ahead of the game.

Top Industry News

• Under Armour Restructuring: Under Armour is cutting 25% of its SKUs and implementing layoffs to enhance profitability, emphasizing the need for operational agility.
• Neiman Marcus Group Operations Automation: Neiman Marcus has introduced an automated incentives management system, enhancing commission accuracy and motivating sales associates.
• 酩悦·轩尼诗-路易·威登集团 Upskilling Initiatives: LVMH is enhancing its workforce through strategic upskilling initiatives, which not only improve employee morale but also operational efficiency.
• Consumer Preference for Human Interactions: Recent reports indicate that 85% of consumers prefer brands that deliver meaningful loyalty experiences, underscoring the necessity for personalized employee interactions.
• Rise of Employee-Led Training: The trend towards employee-led training programs is gaining traction, allowing workers to customize their learning experiences, which boosts engagement and team cohesion.

Insights and Analysis

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Holiday Season 2024: Retailers Adopt Direct Selling Tactics

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Discover key strategies in the 2025 Sales Enablement Playbook tailored for field leaders, focusing on optimizing sales processes and empowering teams for success in the new year.