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Order lead time is a crucial metric for retailers to consider. It affects everything from inventory planning to sales and profits. In this blog, we will explore what order lead time is, why it is important, and how it works.…
Outdoor apparel brand Patagonia has filed a lawsuit against Seattle-based retailer Nordstrom, accusing the company of selling counterfeit Patagonia products in its off-price Nordstrom Rack stores. The legal action comes after Patagonia ended its years-long dealer relationship with Nordstrom. According…
Gap Inc., a leading global retail company, has recently emerged victorious in a shareholder lawsuit that challenged the organization’s commitment to racial diversity within its leadership ranks. The lawsuit claimed that the company’s directors had breached their duties by making…
Authentic Brands Group (ABG), the US private equity-backed company known for its ownership of brands such as Reebok and Ted Baker, has recently completed the acquisition of British heritage footwear brand Hunter. The deal, valued at $125 million, marks another…
ASOS introduced ScaleUp for minority-owned fashion brands in 2023. This archive does not confirm a current application round.
Private label products refer to products owned by a company but are not made in-house. Companies procure their products from other manufacturers or manufacturers with contracts under their labels. You can find them in a wide variety of industries, from…
Lab-Grown Diamond Brand Lightbox Unveils New Retail Concept Shop at HOUSE OF SHOWFIELDS in Williamsburg. The innovative lab-grown diamond brand Lightbox announced the opening of its new retail concept shop at HOUSE OF SHOWFIELDS in the trendy Williamsburg neighborhood of…
The luxury fashion retailer, The Webster, is set to open three new locations by the end of 2024, in a strategic partnership with Simon, a global leader in retail real estate. This expansion plan aims to strengthen The Webster’s presence…
Shrinkage is a significant issue affecting the retail industry, causing over $50 billion in losses annually. It refers to the discrepancy between the recorded inventory and the actual stock available in a store. The main causes of shrinkage include shoplifting,…
When it comes to retail, there are two main options: being part of a franchise chain or operating as an independent retailer. While both have their advantages and disadvantages, this blog post will focus on the latter. As of 2023,…