The coronavirus has dramatically changed 2020 for every retailer and brand globally. Download this report to learn about the 5 strategies your business should adopt to manage uncertainty and weather the storm of COVID-19.
This crisis has been a wake up call for the entire retail industry. To survive, retailers need to begin seriously investing in technology that can shorten lead times, improve sustainable practices and automate the currently manual process of checking the quality and fit of samples. Using A.I. and data to uncover the true needs of local markets will help make the process of tightening operations clearer.
5 Strategies to Adopt
After much careful planning, your 2020 assortment may not look how you thought it would. The earlier you plan your next move, the better primed you are to weather the storm. We outline the top five problems retail is facing, with strategies to minimize risk.
Maintain an Aura of Newness
Get Your Future Assortment Right
Reconsider Your Discounting Strategy
Consumer Engagement is Essential
Evolve Your Marketing Strategy
How PUMA uses EDITED to generate more sales
EDITED insights help guide our decisions throughout each stage of the retail planning cycle and have become integral to how we approach our product, promotional and pricing strategies.