Monday, August 14, 2023

The Challenge Facing Fashion’s Latest Sustainability Buzzword

Selling British Style in America; YSL Beauty's Gen-Z Strategy
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WHAT YOU NEED TO KNOW TODAY: TUESDAY, AUGUST 15, 2023

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Why Analytics and Agility Are Critical to Success in Today's Retail Market

Thirty-seven percent of fashion executives expect to focus on cost improvements in 2023, according to BoF and McKinsey's The State of Fashion 2023 report. As a result, businesses must keep a close eye on product performance and consumer reception. 

"Early access to information allows us to minimise our liabilities and drive sales when we still have time left in the season to react to changes in the market. Having easy access to data is super important, otherwise we would be working on information that was stale by a couple of weeks. Instead, our team can come up with ideas, react and pivot, on a weekly basis — we can stay one step ahead of the curve," said James Newell, VP, DMM Men's Designer and Contemporary at Saks, a retail that uses SKYPAD, a B2B hosted vendor reporting portal.

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