Heritage brands have built incredible brand equity and customer loyalty over decades, if not centuries. These brands are more than just products; they represent values, history and a deep emotional connection with their customers. A customer’s affiliation with a heritage brand is often a reflection of their identity — wearing a certain brand, shopping at…
John Andrews
Questionable inventory planning decisions cost U.S. retailers big in 2018. How much exactly? A staggering $300 billion in revenues due to markdowns, according to a new report by Celect and Coresight Research, Revealing the Hidden Costs of Poor Inventory Management. Retailers face an array of challenges around managing their inventories in today’s competitive market. Surveying…