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Re-think speed to market.Instead, look at Velocity to Market.In physics, speed has no direction.It’s simply a number. A measure. Of distance over time.But…Velocity has a direction.For brands, that direction is pointed toward the customer.The only time speed = velocity is when there is no change in direction.But, the customer is

As a retail buyer, my vendors loved me. Buying appointments were a breeze.Vendors didn’t have to show physical samples of items already proven to be top sellers or the silhouettes that I knew resonated with my customer.For example, I was in NYC in 2007 for an appointment to buy Burberry.

Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, known as the Strongest Link in Your Supply Chain® and President of LMA Consulting Group Inc., regularly works with manufacturers to strengthen their supply chains. “One thing we learned in 2022 is that there is no NORMAL with supply chains,”

Retail Strategy Group released its 2022 Merchandising Benchmark Report earlier today. The release was via its monthly newsletter, The Merchant Life.The report was produced in partnership with Retail Research Systems and is sponsored by Cloudera.Raj Dhiman, Co-Founder of Retail Strategy Group says that understanding the merchandising function of retail is

Merchandising Benchmark Report: The HighlightsWelcome to The Merchant Life where founders, VPs, and C-Suite executives come to seek out valuable merchandising insights.Speaking of valuable insights…In this edition, we share our 2022 Merchandising Benchmark Report. We produced this in partnership with Retail Research Systems (RSR) and is sponsored by Cloudera.As you

KPMG recently published its Retail Executive Outlook for 2023.71% of retail executives are prioritizing supply chain efficiency for this year.How will they accomplish this?Their top priority to improve supply chain is SKU rationalization.Which is a contingent action to remediate bloated product assortments and an inability to forecast demand.The question is,

[unable to retrieve full-text content]Exceptional retail merchants possess these three traits: They know who their customer is. Thus, they know how to serve them with the product they want. They know how to curate...The post What The Best Merchants Do first appeared on Retail Strategy Group

The typical retail end-to-end process can be visualized, simply, as a line.This makes sense, the end-to-end is very much a linear process.As such, visibility into the product journey diminishes once the customer has product in hand.This leads to issues that affect planning, product creation and merchandising.In turn, there is an

The End of "End to End"Happy New Year!Welcome to The Merchant Life where founders, VPs, and C-Suite executives come to seek out valuable merchandising insights.As with the January edition of any publication, you would expect to find a list of predictions for the upcoming year as you scroll down.Hunker down.But,

Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, known as the Strongest Link in Your Supply Chain® and President of LMA Consulting Group Inc., regularly works with manufacturers to strengthen their supply chains. “One thing is for sure, supply chains are NOT islands,” Ms. Anderson said. LMA Consulting