Millard "Mickey" Drexler, the fashion genius whose ability to spot trends reshaped how Americans dress, has a humbling admission. He missed what might be the biggest trend of all - how quickly technology would change the retail industry.
Bond Brand Loyalty, a brand loyalty agency, recently released its seventh annual consumer loyalty report. The Loyalty Report 2017 finds that company loyalty programs remain one of the biggest drivers of brand choice and loyalty.
After several months of piloting smart fitting rooms at a single store, a global sports apparel retailer is now installing the technology at 350 of its stores across Eastern Europe. The solution consists of a touchscreen and an RFID reader within each fitting room, as well as software to manage the data and smart watches for employees.
Tesco is starting to incorporate machine learning algorithms across the business, from internal applications such as driver routing to customer-facing apps like integration, with Google's home assistant device. Tesco is starting to incorporate machine learning algorithms across the business, from internal applications such as driver routing to customer-facing apps like integration, with Google's home assistant device.
In 2000, a company called Pegasus Apparel Group was founded with private equity money and a big idea: Buy a group of fashion brands based in the United States and create a homegrown version of the major European luxury conglomerates.
Coach Inc.'s $2.4bn acquisition of rival Kate Spade & Co. is part of its broader push for fatter profit margins, even if that means settling for lower sales.
"It's America first, you better believe it," President Trump said, standing over a tool cabinet at the Snap-On Tools headquarters in Kenosha, Wis., where he signed his "Buy American, Hire American" executive order this month to favor American companies for federal contracts.
German sportswear firm Puma has seen such strong demand for products promoted by celebrities like model Cara Delevingne and Canadian rapper The Weeknd that its supply chain is racing to keep up, its chief executive said last week.
The latest supply-chain news, analysis, trends and tools for executives in the apparel industry — which consists of companies that manufacture clothing, accessories and footwear. Learn how apparel companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.