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|In: Believe Beauty|Last Updated:
The Fashion Retailer Fashion Industry Update Q4 2022

I’ve been following RBC Capital Markets, specially their retail insights, for a while. During my last expert call with their European team, we discussed about how important is to be agile in such uncertain times. Fast and agile from design to delivery, implementing new processes boosted by digital assets and developing a new corporate culture.

The latest report “European General Retail primer; sector on sale” (Richard Chamberlain. RBC Europe Limited. October 2022) is worth reading for everyone interested on general apparel information including sales by activity and geography, market sizes and shares, margins and cost structures, pricing surveys, industry and ESG themes, macro trends, historical valuation ranges and SWOT analyses for each company under coverage. Broad insights to faster react to volatile scenarios.

In these uncertain times, experts agree on one thing: nobody knows what might happen next… So, there are 2 options:

  1. Analyze all kind of historical data, analytics modeling and forecasting, trying to identify black swans and contributing to analysis paralysis
  2. Prepare your company to be flexible and fast to react to new opportunities or to overcome new challenges.

Both options require decision analysis but there is a big difference on how to take advantage of data. The competitive advantage is not data itself but how your company’s culture, talent and processes are orchestrated to drive agile decision making models. Retailers are adapting to digitization but the big challenge is not implementing technology but adapting the organization to new working dynamics. This is what I understand by business

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|In: Ilia Beauty|Last Updated:
The Importance of Group Counting Solution in Home Furnishing Industry

The house items marketplace is a single of the greatest markets a country’s financial state depends on and the industry proceeds to increase in spite of the increasing inflation and economic recession. The Covid-19 pandemic changed matters for the market as individuals experienced to remain dwelling during lockdowns and a lot of experienced to commence performing from house. Wanting transform is as human as it gets, and getting caught at property caused persons to realize they will need to improve their living areas, and nicely, their new places of work. 

The transform in customer habits led to much more shelling out on furniture, decorative accessories,  draperies and curtains, appliances, cookware, and gardening equipment according to a latest report published by Statista Study Office in September 2022. The results suggest the household furnishing market will continue to make properly above $100 billion routinely in the US alone and underline that men and women nevertheless want likely to retail when it comes to getting furnishings and other merchandise for enhancing dwelling everyday living. 

Due to the fact additional than fifty percent of household furnishing revenue are essentially manufactured in actual physical destinations all over the world, gathering wholesome and precise details from your brick-and-mortar retailers is important to building new gross sales and advertising and marketing techniques to improve your shop performances and improve your earnings. A modern targeted traffic counter and a retail-concentrated POS program can aid you monitor and give you an in general thought of who your buyers are

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|In: Believe Beauty|Last Updated:
A Ground-Breaking Study Shows the Resilient Beauty Industry

TORRANCE, Calif., July 09, 2021 (GLOBE NEWSWIRE) — With U.S. salon and spa doors closed during the pandemic from six weeks to eight months depending on their state and county orders, and social distancing guidelines limiting the number of guests that hair stylists, barbers, and nail technicians could service upon reopening, the COVID-19 pandemic struck a particularly devastating blow to the professional beauty industry.

To ascertain how the industry is recovering from the pandemic, as well as how the pandemic impacted the business and personal lives of beauty professionals who work in the industry, Bobit Beauty Health and Wellness conducted the 2021 State of the Industry Research Study, surveying 4,500 beauty professionals over three weeks in May 2021. The study, which was underwritten by Beauty Quest Group, SalonCentric, Ulta Beauty and Redken 5th Avenue NYC, revealed the pandemic struck a challenging financial blow to both beauty professionals and salon businesses overall, professionals surveyed report they are slowly recovering and are optimistic about their own futures and the future of the industry overall.

Several key insights indicate positive movement in the beauty industry:

  • Most salon professionals are optimistic about the rebound in business.
  • Most salon owners were able to reopen their businesses after the mandated shutdown period; some with the help of financial assistance.
  • Adoption of touchless/contactless technology is widespread.
  • Many beauty professionals are beginning to see new clients in addition to their regular clients.

“The fabric of the professional beauty industry is comprised of independent service providers, small

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