With their new MUSE accelerator platform, Ulta aims to help 8 early-stage BIPOC beauty brands on their path to success. The initiative’s stated mission is to magnify, uplift, support, and empower underrepresented beauty brand founders of color. Offering one-on-one mentorships and training from some of the top leaders in the beauty space, Ulta’s goal is... Read more »
Retailers are constantly talking about the future, but what technologies are going to take them there? When we think about innovations like chatbots, personalized product recommendations, dynamic pricing and programmatic display, there’s one common denominator. All of these are great examples of how artificial intelligence can be a game-changer for a multichannel retailer. Over the… Read more »
Featuring more than 1,500 exhibitors, the 75th annual International Builders’ Show, held February 19-21, 2019 in Las Vegas, proved to be the biggest in a decade, proving to us that the home building industry continues to flourish. The show was part of Design & Construction Week®, which saw more than 100,000 attendees. The IBS exhibit… Read more »
POS Data: More than Numbers Companies can draw insights about consumer behavior using POS data, which defines an intricate correlation between purchases, inventory, seasons and other contributing factors. These sets of data hold a lot of value, but in raw form, the information can be difficult to work with; after being cleaned up and formatted… Read more »
The latest generation of consumers is prompting retailers to re-frame their thinking about the customer experience today compared to what it was just a decade ago. Technology is changing the way we shop, thanks to the knowledge, habits and expectations of the generation we know as Millennials – they’ve driven big changes to business worldwide.… Read more »
Vera Bradley Capitalizes on Opportunities by Leveraging POS Data In 2013, when the business leaders at Vera Bradley were bringing on Dillard’s, their first big department store, they knew it would be critically important to be able to see their sell-through. When they asked the team at Dillard’s for sell-through data, Dillard’s quickly introduced Vera… Read more »
LVMH Brand Givenchy Gains Valuable Insight with Daily POS Reporting The sales team at LVMH Fragrance Brands was at the mercy of a POS reporting solution with multiple limitations. They thought the status quo was sufficient until they heard about Accelerated Analytics and learned there was a better way. In a presentation to Dillard’s vendors,… Read more »
Retail Woes: Stock outs We can all agree that retail business is a highly competitive sector, and that it’s imperative to make sure that your product is on the shelf when the customer is shopping for it. But for many brands, the problem of out-of-stocks (OOS) persists; in fact, a 2018 retail study revealed that… Read more »
In sync with Bloomingdale’s debut this month of a revamped cosmetics floor at its 59th Street flagship, with 75 new brands and 1,100 square feet of additional retail space, the heritage retailer made a modest but interesting investment in its new “Beauty Stylists” program. The purpose? For Bloomingdale’s to further establish an omnichannel beauty experience,… Read more »
What is sell-through? Sell-through is a metric for vendors to use in evaluating item performance which provides a composite measure of sales and inventory. Sell-through rates are typically evaluated daily for fast-moving products or weekly for slower-moving or replenishment-based products. A higher value is better, indicating your sales velocity is good and your inventory is… Read more »
January 22, 2019 Lowe’s has reached a massive deal with the National Football League that makes it the league’s official home-improvement retail sponsor. The exclusive multiyear partnership will give Lowe’s branding rights and marketing opportunities at key events including the Super Bowl, the NFL draft, and the NFL combine, Lowe’s announced Tuesday. Financial details of… Read more »