Over the last few years, the retail industry has risen at a breakneck pace. The sector has adapted to modern-day technologies and efforts to fit the ever-changing demands of the public, thriving on current breakthroughs and technical progress. Everything was going swimmingly for the retail industry until the pandemic caught them off surprise and severely
Retail is now one of the world's fastest-growing industries. However, as the industry expands, so do the management challenges. The retail sector is made up of a number of sub-sectors, each of which must be managed effectively in order to sustain or maximize income. Fortunately, in the retail industry, retail ERP software may be the answer. In recent
The pandemic has affected all the sectors across the globe in a drastic way, especially the fashion retail business in developing countries like India. In addition to the pandemic, falling GDP growth, increasing inflation, and unexpected financial losses have made the Indian fashion product consumers even more cautious about where to spend their money.
The COVID-19 pandemic was like a wake-up alarm for business owners all over the world, which forced them to rethink their current business models. Especially in the retail sector, everyone started looking for sustainable retail practices to acquire current and potential customers. You have to understand that today’s consumer is well aware of the
In the fashion products segment, the retail corporation is gaining more importance to enhance India’s retail ecosystem. Back in the year 2020, when the COVID-19 outbreak started, many issues arise, such as: Increase in inflation, Falling GDP, Global Financial crises, Increase in unemployment, Shutting down of businesses, etc. This
One thing that COVID-19 taught to retailers is that the use of modern ERP solutions that offer omnichannel, cloud-native, multi-billing, and microservices is inevitable if they want to address rapid change in shopper’s demand in the future. We can’t deny the fact that it was necessary to impose a nationwide lockdown to protect people from getting
Since the COVID-19 outbreak has started, the world witnessed a rapid change in shopper’s buying behavior. The rate at which online transactions and online shopping trend has grown over the last couple of months shows that old business models are no longer an option to work with. For retailers, if they desire to grow their consumer base, centralize the
It’s not easy to run a multi-store retail business but with the right process, people, and tools, you can make the task of managing several stores quite easy. In this blog, we’ll talk about the few steps you can take to ensure the smooth working of all your stores under your watch. Following are some of the tips to help you manage multiple retail
The apparel and fashion industry is one of the largest and innovative business sectors in the world. Most of the concepts that retailers use these days were first experienced by fashion and apparel retailers. For example, Pop-up shops concept, which was initially piloted in the 90s by fashion and apparel retailers. Then came the next innovation wave of
The business industries are focusing more on customer experience nowadays. In retailing, a major factor that enhances customer experience is the transaction process. If we talk about the retail business 10 years back, there used to be a long queue at billing counters. However, traditional POS billing system enabled retailers to manage inventory, process
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