IMPACT Commerce’s Post

Gap, a once-dominant force in American retail that has faced challenges in recent years, is undergoing a years-long effort to reclaim its position in a highly competitive market. #fashion #retail #turnaroundmanagement #Gap https://lnkd.in/ebuHnxe6

Introducing our Fashion practice’s new Consumer Sentiment Index, with in-depth insights just in time for holiday shopping. One big takeaway? Consumers are back in stores but increasingly frustrated with inconsistent pricing, service, and inventory. Retailers need to prioritize seamless experiences and ensure products are available when customers want them—this is key to retaining loyalty. What else did we learn and who’s on top? Highlights from across 9 fashion sectors: • CHANEL leads luxury, excelling in product, price, access, service, and experience. • Nike still dominates athletic footwear, but rising brands like Hoka are gaining traction. • Loyalty programs are under fire—80% of consumers want them, yet less than a third find them worthwhile. Our advice for retailers: focus on delivering consistent, satisfying experiences or risk losing customers to competitors. Read more: https://lnkd.in/eBvGRNgN

ThredUp's 12th Resale Report, the most pivotal in the resale world. Here's what we learned: → $350 billion by 2028, the secondhand market grows 3X faster than global apparel. → 15X faster growth for resale over retail clothing in 2023. → Resale to double by 2028, outpacing retail with a CAGR of 17%. → By 2033, resale's market share doubles, becoming the top distribution channel. → Resale to outgrow off-price 6X by 2033. This data doesn’t just spotlight the explosive growth of resale; it marks a paradigm shift in consumer behavior towards sustainability, value, and the digital ease of finding that perfect piece. Full report: https://lnkd.in/dUFEQdZb BelongApp #SustainableFashion #ThredUP #FutureOfFashion

What’s the ONE secret to boosting profit for fashion brands? 👗🤫 Forget COGS! No, really. It’s time to move away from the industry obsession with Costs of Goods Sold (COGS). In the fast-changing world of fashion, simply reducing your COGS isn’t the answer to unhealthy cash flow and dwindling profits. Instead, you should shift your focus to inventory and the impact which better inventory planning can have on your bottom line. Why? In recent years, we’ve seen time after time how holding a high inventory at the wrong time can kill profitability and ultimately prove devastating. Leading retailers – from Gap and Walmart to Joules and ASOS – have all hit the headlines after running into major problems linked to holding too much inventory. To boost profits, modern fashion retailers need to focus on modern inventory planning solutions such as: -Real-time data [monitor demand across channel/location] -Automation [automatic replenishment, PO creation] -Overstock reports [eliminate cash flow killers] -Trends analysis Trends are a big one. Trends can emerge (literally) overnight. You need systems that can help you understand and predict trends, or adapt quickly to seasonal spikes. This means less chance of running out of the next big thing or ending up with a pile of unsold stock. We’ll be talking all about mastering trends to boost sales in our upcoming masterclass exclusively for fashion brands – it’s free so reserve your place now! https://hubs.ly/Q02pMNqn0

Introducing our Fashion practice’s new Consumer Sentiment Index, with in-depth insights just in time for holiday shopping. One big takeaway? Consumers are back in stores but increasingly frustrated with inconsistent pricing, service, and inventory. Retailers need to prioritize seamless experiences and ensure products are available when customers want them—this is key to retaining loyalty. What else did we learn from consumers and who’s on top? Highlights from across 9 fashion sectors: • CHANEL leads luxury, excelling in product, price, access, service, and experience. • Nike still dominates athletic footwear, but rising brands like Hoka are gaining traction. • Loyalty programs are under fire—80% of consumers want them, yet less than a third find them worthwhile. Our advice for retailers: focus on delivering consistent, satisfying experiences or risk losing customers to competitors. Read more: https://lnkd.in/dukp5eGy

Introducing our Fashion practice’s new Consumer Sentiment Index, with in-depth insights just in time for holiday shopping. One big takeaway? Consumers are back in stores but increasingly frustrated with inconsistent pricing, service, and inventory. Retailers need to prioritize seamless experiences and ensure products are available when customers want them—this is key to retaining loyalty. What else did we learn and who’s on top? Highlights from across 9 fashion sectors: • CHANEL leads luxury, excelling in product, price, access, service, and experience. • Nike still dominates athletic footwear, but rising brands like Hoka are gaining traction. • Loyalty programs are under fire—80% of consumers want them, yet less than a third find them worthwhile. Our advice for retailers: focus on delivering consistent, satisfying experiences or risk losing customers to competitors. Read more: https://lnkd.in/exRgjuDP

Introducing our Fashion practice’s new Consumer Sentiment Index, with in-depth insights just in time for holiday shopping. One big takeaway? Consumers are back in stores but increasingly frustrated with inconsistent pricing, service, and inventory. Retailers need to prioritize seamless experiences and ensure products are available when customers want them—this is key to retaining loyalty. What else did we learn from consumers and who’s on top? Highlights from across 9 fashion sectors: • CHANEL leads luxury, excelling in product, price, access, service, and experience. • Nike still dominates athletic footwear, but rising brands like Hoka are gaining traction. • Loyalty programs are under fire—80% of consumers want them, yet less than a third find them worthwhile. Our advice for retailers: focus on delivering consistent, satisfying experiences or risk losing customers to competitors. Read more: https://lnkd.in/erKeq5ZG

Introducing our Fashion practice’s new Consumer Sentiment Index, with in-depth insights just in time for holiday shopping. One big takeaway? Consumers are back in stores but increasingly frustrated with inconsistent pricing, service, and inventory. Retailers need to prioritize seamless experiences and ensure products are available when customers want them—this is key to retaining loyalty. What else did we learn from consumers and who’s on top? Highlights from across 9 fashion sectors: • CHANEL leads luxury, excelling in product, price, access, service, and experience. • Nike still dominates athletic footwear, but rising brands like Hoka are gaining traction. • Loyalty programs are under fire—80% of consumers want them, yet less than a third find them worthwhile. Our advice for retailers: focus on delivering consistent, satisfying experiences or risk losing customers to competitors. Read more: https://lnkd.in/eabXtCuQ

Many thanks to the United States Fashion Industry Association for hosting my recent webinar about the health of the U.S. apparel market. Attached is a copy of my presentation. There are many questions about the market these days. Will the U.S. apparel market ever return to normal? What’s going on with consumers? What are the factors affecting consumer demand for clothing? To answer these and other questions, let's analyze trends from past years, identify market results today, and project a likely outcome for the market in the future. The market will recover—only when? Please have a look and let me know if you have any comments! #apparel #apparelindustry #outlook #sourcing #demand #retail #consumers #trends #economy Gherzi Organisation

GlobalData’s ‘What will be important to apparel consumers in 2024‘ webinar will provide the latest data-backed analysis about top trends within the global apparel market, including apparel forecasts to 2028 with performance by channel and region. GlobalData Plc #apparel #webinar #consumertrends #JSDaily