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Think Tank
Apparel: Page 75
How to Battle Counterfeits and Global IP Theft
Call it the dark side of international commerce: fakes, frauds and thought thieves. Time to take action.
Happy New Year. Are You Ready for the Sharing Economy?
The future of commerce in products and services lies in sharing. Is that a good thing?
Benefits of RFID Technology to Apparel Industry Are Many, and ROI Is Assured
RFID retail inventory management can deliver benefits for most apparel retailers now. The basic handheld solution is not hard to understand, delivers real ROI and has a relatively low investment hurdle. Yes, employee training and compliance is a headache, but this is true for many jobs in retail, and it does not change the fact that significant sales uplift is not only possible, but typical.
Holiday Retail Madness: Who Will Pay for 'Free' Shipping?
There was a time, not too long ago, when retail industry analysts were predicting that online merchandisers would soon stop offering free shipping on orders. How wrong they were.
How Red Wing Shoes Streamlined S&OP and Boosted Performance
In a multi-year, multi-phase project covering people, processes and technology, Red Wing Shoes streamlined and improved its S&OP process, cutting planning time from six weeks to three and reducing inventory by 27 percent.
How RedWing Shoes Streamlined S&OP and Boosted Performance
Opera Company in Taiwan Uses RFID Technology to Track Equipment
Taiwan's GuoGuang Opera Co. has deployed an RFID system from EPC Solutions Taiwan to help track the locations and distribution of thousands of costumes and accessories stored within its warehouse.
Three Tipping Points for RFID in the World of Fashion
In recent years, a growing number of retail RFID use cases have clearly demonstrated the benefits of being able to track inventory at the item level, leading to better shelf replenishment and fewer out of stocks. Many retailers quantify the benefits of reducing out of stocks not just at the item level (potential lost sales) but at the transaction level, since retailers closely track the number of items that comprise the average transaction (e.g. 3.6 items/sale). Using that example, an out-of-stock item (especially in a core category such as denim) could result in lost sales of an additional 2.6 items that were to be purchased with it.
The Future of Wearable Technology Is Now, Report Says
Twenty percent of American adults already own a wearable device and the adoption rate - on par with tablets in 2012 - is quickly expected to rise, according to PwC's Consumer Intelligence Series-The Wearable Future report, an extensive U.S. research project that surveyed 1,000 consumers, wearable technology influencers and business executives, as well as monitored social media chatter, to explore the technology's impact on society and business.
Should You Close the Warehouse and Keep Inventory in Your Stores?
A hot topic among retailers, customers and logistics professionals alike for years, omnichannel fulfillment is finally here. Whether shopping in person, buying online and picking up in store, or having merchandise sent directly to them, customers expect access to the same inventory.
RFID Helps Macy's, Bloomingdale's Track Fashion Inventory
Macy's and Bloomingdale's vendors have begun tagging fashion items, such as social dresses and men's jackets, for all of the retailer's stores. The RFID rollout, for item-level inventory tracking, follows initial piloting of RFID for fashion apparel at several of Macy's stores within the United States. Macy's Inc. operates both Macy's and Bloomingdale's stores.
Three Procurement Practices to Maintain Competitiveness, Uphold Brand Reputation in the Rag Trade
The issue of ethical sourcing is a point of contention among procurement and supply chain professionals. The general sentiment is that the balancing act of being globally competitive and remaining a genuine corporate citizen is getting harder and harder. This is especially true for the rag trade. Apparel companies are consistently faced with the challenge of reducing costs while upholding ethical labour practices within their supply chain. How procurement and supply chain professionals in the sector manage this plays an increasingly important role in protecting company margins, brand reputation and growth. So what are the issues and factors at play and how can the risks involved be managed?
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