Analyst Insight: According to marketing firm eMarketer, double-digit growth is anticipated for e-commerce through 2020 from a projected $1.915tr in sales in 2016 to $4tr by 2020. Brick-and-mortar stores are investing heavily to compete with e-commerce giants such as Amazon and Alibaba, but will it be enough? Supply chains continue to play a major role as brick and mortar stores invest and transform their businesses to meet today's retail challenges. - Kim McQuilken, COO, Spend Management
The ability to monitor the behavior and condition of one's suppliers depends on having access to hard numbers. But a surprisingly large percentage of companies lack this critical data.
See-now-buy...bye? And then there were four. Of the five major brands that have beat the drum for see-now-buy-now within the last 12 to 18 months, one has drastically shifted course from the strategy in the last two weeks, specifically Tom Ford.
Companies of all kinds try to present their financial results in the best light possible to attract investors. One segment of the drug industry is bucking that trend, using an accounting method that narrows its profit margins.
Italian footwear retailer Store of the Future (SOTF) opened its new Florence shop in September 2016, with an EPC ultrahigh-frequency (UHF) RFID-based system to bring more personalized service to customers as they try on shoes, while also enabling omnichannel sales.
Like many major retailers today, physical stores are a focus to move forward in this evolving retail climate while still maintaining an active online presence. Kohl's is one of these retailers as it strives to focus more on omnichannel.
Amazon.com Inc. has invited some of the world's biggest brands to its Seattle headquarters in an audacious bid to persuade them that it's time to start shipping products directly to online shoppers and bypass chains like Wal-Mart, Target and Costco.
Analyst Insight: The need to enable omnichannel capabilities has driven significant capital investments and will continue to do so. We are seeing the first wave of omnichannel investments reach maturity and paying dividends. Those companies whose investments were too little or came too late are struggling. But as e-commerce growth continues, steadily carving out more of the retail sales pie, companies will need to re-evaluate their networks and make additional investments to drive competitive advantage. - Jason Denmon, retail industry leader, Fortna Inc.
Many of America's biggest corporations including Apple Inc. and Wal-Mart Stores Inc. are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor's environmental policies.