As retail companies enter the traditional “back-to-school” selling season, we must acknowledge there is nothing traditional about BTS 2020. Organizations across the world have been forced to pivot selling and inventory strategies to address the many issues brought on by Covid-19. Two lessons of the past 6 months: 1) Companies need more time to make decisions. This leads …
Covid-19 Retail: Cash, Product, and People
The retail industry, like many others, has been upended by Covid-19. There is a very clear & present danger that exists on the revenue line and this can quickly become an expense problem if not managed appropriately. With proper attention to key focus areas, together, we can weather this storm. The focus for all fashion retailers is inventory. Below we will examine …
