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Everywhere you turn, you will find another study or revelation on millennials, but 60 million strong, Generation Z outnumbers the millennial generation by one million. Roughly ages 16-22, Gen Z members are a massive consumer base and the future of retail.
Retailers need to be selling as much of their stock at original prices as possible, and yet nearly 30 to 40 percent of all fashion products are sold as markdowns. How can you make sure your supply chain is aligned with the demands of consumers to minimize waste and increase profits?
Need more evidence the retail landscape is changing? Last week Macy’s announced it’s closing 100 stores. Walmart, Kohl’s and Sears made similar announcements earlier this year.
Retail industry executives gathered at the 7th annual Apparel West conference to preview technology solutions that transform and automate critical business operations. Avaap was on the show floor and a common theme heard from attendees is the challenge to maintain a balance between legacy systems to keep the business running and investing in solutions that create innovative customer experiences.