Simon Calvert’s Post

Great to see Bonmarche showcasing the power of customer-focused products, re-shaping the store portfolio, loyalty schemes, and an omnichannel strategy in restoring profitability. Congratulations to ex-colleagues and friends! Check out the details here: https://lnkd.in/g92AGscU

AI-enabled technology is transforming business operations by enabling cost-effective, data-driven strategic decision-making at an unprecedented pace. AI solutions swiftly adapt to changing conditions, processing vast amounts of data to unveil patterns and trends beyond human or traditional algorithm capabilities. In supply chain management, AI enhances inventory control, refines demand forecasts, optimizes transportation and picking routes, among other functions. This advancement allows businesses to focus on critical decision-making and strategic initiatives to drive business growth. Read more: https://lnkd.in/ea9kNuu3

Nike reports a 2% decrease in total revenue and an 8% decline in DTC sales for its fourth quarter. As emerging brands gain market share and consumers experience reduced disposable incomes, questions arise about Nike's pricing strategy. Is the iconic brand in need of fresh inspiration to resonate with Gen Z? Afterall, its iconic partnership with MJ is 40 years old! Read more about this on Retail Gazette: [Link to the article]

Retailers have to work hard to meet ever-evolving customer experience requirements in order to win and remain relevant. The COVID-19 pandemic upended the retail industry, forcing the closure of physical stores and causing uncertainty for the future of the in-store experience. These abrupt shifts left many retailers scrambling to effectively serve customers through other channels. Digital-first and omnichannel retailers pivoted more easily, but many retailers are now prioritising physical stores and face-to-face engagement. Retailers that reimagine their omnichannel approach to create a distinctive customer experience will maintain a distinct advantage. https://lnkd.in/edda5sFR

The battle between democratic governments and big tech firms intensifies as Apple faces charges for breaching EU digital competition rules. Apple may incur a fine of up to 10% of its worldwide revenue ($383 billion) for violating the Digital Markets Act (DMA). The spotlight is on Apple as questions emerge about why they are the first to be targeted among the big technology players with alleged anti-competitive practices. The EU's historical selective enforcement of anti-competitive practices raises concerns about potential protectionism or a display of authority to showcase control. Read more about the EU warning to tech firms here: https://lnkd.in/eaPAS_Yg

Good news for the retail sector! After a challenging period, retail sales rebounded in May thanks to sunny weather (really!?) and a double bank holiday. Non-food sales saw a significant boost of +3.5% last month, the largest increase since April 2021. Online spending also thrived, rising by +5.4% in May. With consumer confidence on the rise, the sun now shinning & an event packed summer ahead, retailers need to make the most of this positive trend. Check out the full article for more details: https://lnkd.in/gZp5ysAc

One of the significant outcomes of the Covid pandemic has been the widespread acceptance of working from home. With employees experiencing reduced travel expenses and improved work-life balance, the shift has been transformative for many. Economist studies on remote work productivity present varying perspectives. While some have reported a 77% increase in productivity when operating remotely, other reports suggest that full-time remote workers are 70% less productive compared to their in-office counterparts. Interestingly, companies like Starbucks, Twitter, Disney, KPMG, and ASOS are now mandating more in-person working days. Predictably, Elon Musk has allowed his employees to work from home, but only after completing 40 hours in the office! A recent study highlights that hybrid working models, with a balance of three days in the office and two at home, do not hinder performance. Moreover, this approach may lead to cost savings by enhancing retention rates. In the post-Covid era, the concept of a "new normal" remains ambiguous, with the evolving dynamics of remote and in-person work. Is unpredictability the new normal? Read more about this topic here: [Link to the article](https://lnkd.in/eJcYNa-p)

After years of focusing on large stores, many companies are now reconsidering their strategy. The shift towards smaller, more strategic locations is gaining momentum in the retail industry. Brands are honing in on urban centers and beyond to enhance foot traffic, improve convenience, boost brand visibility, and cater to the rising consumer preference for 'little and often' shopping experiences. This trend also includes the establishment of centers for 'click and collect.' Learn more about this evolving approach in retail here: [Link to article] #Retail #BusinessStrategy #RetailTrends

Late to the party or a prudent progression? Tesco has launched a marketplace, offering customers a wide selection of third-party brands. With the success of Walmart Marketplace and Amazon's increasing dominance, Tesco's expansion into the marketplace segment aims to strengthen its online presence. Will this strategic move lead to success? Find out more here: [Link to article] #Tesco #Marketplace #OnlineRetail