Brandon Rael

Interesting article on how fashion shoppers are shifting towards digital commerce, leading to the decline of brick and mortar stores. While I still prefer shopping in stores to touch and try on clothing, it's important to acknowledge this trend shift. I'm curious to know how different regions of the world compare in this particular trend. Check out the article for more insights: https://lnkd.in/d4trqkwc

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The apparel industry is reimagining its value chain to address ongoing volatility and rising complexities. McKinsey's latest survey of apparel CPOs highlights the need for brands to enhance efficiency, resilience, and sustainability. Key themes include optimizing sourcing processes, rebalancing the global supply footprint, forging strategic supplier partnerships, and leveraging digital solutions. By focusing on these areas, brands can turn supply chain challenges into competitive advantages. #SupplyChain #ApparelIndustry #Sustainability #DigitalTransformation #Resilience #Efficiency #McKinseyInsights #FashionIndustry #StrategicPartnerships Read more: https://ow.ly/BEl550S6Cvh

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Retail Today / Retail Renaissance: We are almost at the halfway point in 2024. What are the emerging trends? What retailers get it? #retailtrends Retailers that understand consumers are looking for “value”, not just price. BUT “low prices” still drive sales. It’s a “needs vs wants” environment, unless you can capture the aspirational shoppers attention. #lowprices RETAIL OVERVIEW: The retail industry is being driven by the “Big Three”, WALMART, AMAZON, COSTCO but watch TJX! #walmart #amazon #costco #tjx Home Improvement: HD and Lowes still off their Covid peak years. Ace Hardware with a flash of positive sales. #homedepot #lowes #acehardware Off-Price: This sector is on 🔥🔥🔥, getting stronger everyday. Ross, HomeGoods, Ollie’s, Burlington, Nordstrom Rack, etc… #ross #ollies #burlington #nordstromrack Mid-Tier Department Stores: Yes, Macy’s flashed some positive news but this sector is under tremendous pressure. Kohl’s, JCP and Macy’s are under attack from Fast-Fashion and they lost GenZ. #macys #jcpenny #kohls Speciality Retail: The good news, merchandise/product still matters! You can still make it a “wants” experience with the right product. Dick’s, Abercrombie, Hoka, Vuori, etc… There are hundreds of great brands driving sales through exciting products. #specialityretail Opportunity: Customers are focused on “value” but give them a compelling reason to buy, either through merchandise or experience, maybe both! #merchandise #product #retail #retailindustry #brandexperience #TopRetailExpert

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My colleagues @Brian and @Catherine delve into the importance of practicality in Retail's AI-driven future. Emphasizing the significance of informed decisions based on tangible business advantages over unrealistic hype and speculation. Discover how pairing AI with practical strategies success.

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While #SASInnovate is coming to a close, there is still so much to look forward to. Thanks Mary Osborne and Shadi Shahin for giving us a sneak peek at our new #AI Assistant and #DigitalTwin capabilities. What a compelling scenario to address and mitigate #supplychain disruptions. Stay tuned! #IntelligentPlanning #SAS #Innovation #retail #CPG

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The landscape for retailers is challenging. Put store associates at the forefront of your business with the right solutions that enhance communication, scheduling, and compliance while also reducing turnover. Read on to learn how AI is reshaping the future of retail. #AI #Microsoftpartner

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Dear Retail Friends,   If you’re a wholesaler, access to data from suppliers and retail customers is critical in enabling optimal service levels with minimal inventory. But getting that data, and acting upon it, can be challenging.   While there are many hurdles to this kind of collaboration, it can be done. And the benefits are numerous – not just for wholesalers, but their suppliers and retail customers as well.   https://lnkd.in/dbxub36v   #supplychain #supplychainoptimization #wholesaledistribution The future of wholesale supply chain collaboration | RELEX Solutions Unlock insights on boosting wholesale collaboration for supply chain efficiency and profit in this expert interview.

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Hello Retail Friends,   I cannot stress enough how important fresh products are to grocery retailers. When it comes to inventory planning, “point solutions” that lack end-to-end integration and only address store-level planning simply are not enough!   Retailers need proven, multi-echelon planning solutions that extend beyond the store - unifying, automating, and optimizing planning in stores, DCs, and omnichannel. This is the only way to get crucial visibility and insight across the end-to-end value chain.   https://lnkd.in/ej53RsFV #supplychain #grocery #freshproduce How to improve retail fresh food inventory management | RELEX Solutions Tackle fresh food inventory management challenges head-on with the right strategies and robust planning software. www.relexsolutions.comhas context menuCompose

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🌟 Exciting Announcement! Join me for an insightful journey into the heart of retail analytics at our upcoming C360 event breakout session 🛒✨ Discover the keys to success as we unravel the intricacies of price tier analysis. From unlocking opening price points to optimizing assortments and refining private labels, we're diving deep into strategies that elevate your retail game. Ready to redefine your strategy? Join us and let's navigate the path to retail excellence together! 🚀 #RetailSuccess #StrategicInsights #BusinessStrategy #RetailExcellence #C360 #NielsenIQ #NIQ #WholeFoodsMarket #Pricing #PriceTiering #PriceOptimization Scott Yamada Jake Whalen Troy Tirotta Allison Toupin Jean-Baptiste Delabre Parm Singh Cassandra Moren

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Retailers must manage increasingly customized assortments to better meet local consumer demand while navigating supply chain constraints and store clustering. It is now common for retailers to handle hundreds of planogram configurations for a single product category. How do they manage this challenge? They leverage advanced software solutions like NielsenIQ Spaceman. For a concrete example, see how SPAR International uses NielsenIQ globally for their planogram need : https://lnkd.in/eWbzNBkr Jonas Parmhed Simon Trott

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Read a recent blog from our partner, Logic, which recaps the insightful discussions from #RELEXLive2024. The article highlights how artificial intelligence is crucial in evolving retail strategies, particularly through smarter assortment planning and enhancing customer engagement. #GenerativeAI #Retail #SupplyChain 

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Retail processes are important because they: 1. *Enhance Customer Experience*: Streamlined processes ensure efficient service, accurate orders, and timely deliveries, leading to satisfied customers and loyalty. 2. *Increase Efficiency*: Well-defined processes reduce waste, minimize errors, and optimize resources, resulting in cost savings and productivity gains. 3. *Improve Inventory Management*: Effective processes ensure accurate inventory tracking, reducing stockouts, overstocking, and waste. 4. *Support Scalability*: Standardized processes enable businesses to expand smoothly, adapting to growth and changing demands. 5. *Mitigate Risk*: Clear processes reduce the risk of fraud, errors, and compliance issues, protecting the business and its reputation. 6. *Provide Valuable Insights*: Analyzing retail processes reveals opportunities for improvement, helping businesses refine strategies and inform data-driven decisions. 7. *Foster Collaboration*: Defined processes facilitate communication and coordination among teams, promoting a cohesive and efficient work environment. By prioritizing retail processes, businesses can create a solid foundation for success, driving growth, customer satisfaction, and long-term sustainability. https://cgrbrands.com

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Retail is being reinvented. New business models, channel expansion, and shopper expectations continue to change the landscape. These three areas redefine industry rules and relationships—transforming the path to purchase in the process. #retailinnovation #retailtransformation #retail #retailcareers

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This is a great summary on high ROI focus areas for GenAI. It's great to see Internal Knowledge Management rise to the top. Copilot in Enterprise work is the the fastest way to drive real value in this space. Between embedding into daily workflow (assessing data, finding information, creating summaries) to custom copilots for more complex workflows - I see copilot as the future of work enabler for internal knowledge management. #futureofwork #m365copilot #GenAI #digitalworkplace

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“Only 58% of customers indicated the [home improvement retail] store was very clean and 52% indicate product information was clear and helpful,” said Michael Taylor, senior managing director of retail intelligence practice at J.D. Power. “These two factors play a vital role in overall customer trust in the retailer and as customers are spending an average of $1,786 a year on home improvement products, these are areas in which the retailer can improve to increase share of wallet and overall customer satisfaction.” ➡️ More key findings from the J.D. Power 2024 U.S. Home Improvement Retailer Satisfaction Study: https://hubs.la/Q02x92fl0 #HomeImprovement #Retail #RetailStore #HomeRenovation #CustomerSatisfaction

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"Perfect demand estimation, accompanied by a supply chain with the capacity to keep up, is the "holy grail" in retail, says Walmart CEO Doug McMillon, in a wide-ranging interview covering his path to CEO and his goals for competing against competitors such as Amazon." Tell us something we don't know, right? ;) In a client team meeting yesterday I asked everyone to share how they felt on a scale from 1-5 and asked what would take them to a 1 and what would take them to a 5. The sales team was worried about production capacity. Your supply chain is critical to business success. https://lnkd.in/e3wsEY-5

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Optimized Digital Media Supply Chains involve numerous solutions that need to be integrated. Love seeing how the effort to integrate these solutions has been minimized in recent years. Getting to year 3 of the roadmap in year 1 is now a reality.

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What does “Adapt to compete” mean for #retail leaders? It means transforming retail operations to better serve the shopper, while taking cost out of the business. We're leveraging the latest tools to get the most out of every consumer touchpoint, harnessing the power of disruption for good, dramatically re-thinking how we operate. For retail leaders, the time to adapt is now. ⏰ Find out more about our solutions 👉 https://bit.ly/3SmEdo3

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