Retail – Page 7 – Beautifaire

19 May

The Retail Influencer Network, a network of senior business leaders, investors and analysts founded by Berns Communications Group, today announced the initial speaker lineup for its second annual Retail Influencer CEO Forum Featuring the Z Suite. The total-day, invitation-only summit on Sept. 12 at Recent York’s Crosby Street Hotel will unite Gen Z leaders and influencers with retail and brand executives “to assist the industry unlock the Gen Z consumer mindset,” in accordance with organizers. The forum’s programming will center on the theme of “Courageous Leadership Paving the Way for Real Change,” and featured speakers will include “CEOs, ZEOs and senior executives who're leading with conviction and connecting deeply with Gen Zers along the way in which,” BCG said in an...

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16 May

Fashion Sales Slip At the same time as Retail

by Beauty Tips

Fashion, Featured

Fashion Sales Slip At the same time as Retail

Retail inched ahead last month, whilst fashion stores slipped behind, in keeping with the Census Bureau’s latest reading on industry sales. April retail and food services sales rose 1.6 percent from a yr earlier as consumers overcame persistent inflation, a bank crisis and renewed worries a couple of recession. But apparel and accessories speciality stores sales slipped 2.3 percent for the month, while shops were off 1.4 percent. For the retail fiscal first quarter — which incorporates February, March and April — fashion specialty stores were down 0.4 percent while shops managed a 0.6 percent increase. Those figures reflect sales in stores. Non-store retailers, a category dominated by e-commerce, saw sales increase 8 percent for the month in addition to the quarter — putting...

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15 May

Woolworths South Africa Taps First Insight for Retail Tech Platform

by Beautifaire101

Beauty, Featured

Woolworths South Africa Taps First Insight for Retail Tech Platform

With the aim of optimizing product development, sourcing and merchandising capabilities, Woolworths Group’s South African division inked a take care of First Insight for the corporate’s Next-Gen Retail Tech Platform. The South African retailer’s goals in using the answer are to bolster margins and drive customer engagement. In an announcement Monday, Woolworths South Africa said it's going to use First Insight’s platform “to assemble zero-party, Voice of Customer data and operationalize product testing for faster and higher merchandising decisions of their womenswear division,” adding that the partnership “will empower Woolworths with actionable insights to guide their product investment, pricing, and marketing decisions.” Greg Petro, chief executive officer of First Insight, said his company’s “proven data gives retailers and types the insight and...

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26 Apr

Will 2023 Be One other ‘Golden Yr’ for Luxury

by Beauty Tips

Fashion, Featured

Will 2023 Be One other ‘Golden Yr’ for Luxury

SHANGHAI — In contrast to most predictions that expect China to start 2023 with a U-shape recovery, the country’s luxury retail got off to a superb start this 12 months and it was well reflected in first-quarter results for the essential luxury conglomerates. LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, saw its overall first-quarter revenues rise 17 percent year-over-year, doubling analysts’ expectations. LVMH’s shares soared to a record high on Monday, which led the posh giant to grow to be the primary European company to surpass $500 billion in market cap. “We registered some pretty nice pick-up in China, which bodes well for the remainder of the 12 months,” said Jean-Jacques Guiony, chief financial officer of LVMH, who characterised...

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