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Supply Chain
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Business executives from global clothing giants H&M, Inditex and Gap have canceled trips to Dhaka this month after the killings of two foreigners, industry sources said, causing anxiety for Bangladesh's $25 billion garment export sector. Bangladeshi suppliers to the world's top brands said they didn't expect the disruptions to hurt their orders for the year-end Christmasโฆ
Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores. Now they're bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last week. The discount store behemoth has always had a reputation for demanding lower prices fromโฆ
Like those first-day outfits or that must-have laptop, โomnichannelโ is a hot commodity in retail. As retailers look to create a unified selling front to consumers whether they're in-store, online or on their smartphone, they must simultaneously reinvent their supply chains, which have historically been optimized for brick-and-mortar. To capitalize on the combination of backโฆ
H&M, Europeโs second-largest clothing retailer, is rolling out a more generous compensation program for its Asian suppliers to improve factory conditions and combat unrest in the countries that produce the majority of its apparel. The Swedish retailer, which has 3,649 stores across 59 markets, is introducing a โfair wage methodโ to 68 factories in China, Cambodiaโฆ
The worldโs largest retailer has put suppliers on notice: Pay attention to the little things before they become big problems. Wal-Mart last week sent out a memo to hundreds of suppliers, from Kraft Heinz Co. to Nestlรฉ SA, warning them to comply with labeling laws, emphasizing that the amount inside a package matches what's printed onโฆ
This spring, Target made the strategic decision to integrate clothing designer Lilly Pulitzer into its array of product offerings. Within half an hour, the preppy, chic floral prints were completely sold out โ signifying both success and opportunity. Before its collaboration with Lily Pulitzer, it can be assumed that Target researched its audience, understanding thatโฆ
Todayโs retailers are faced with major challenges. They need to offer the most advanced and savvy products, get those products into the hands of customers as quickly and as cost effectively as possible, and meet demand and keep shelves stocked. Due to technological advancements, high consumer expectations and the lightning-quick pace of the retail industry,โฆ
Investors might appreciate it more if Burlington Stores just said, โwe blew it, and it wonโt happen again,โ rather than blaming โreceipt flow issuesโ related to the timing of Easter for disappointing sales. The discount retailerโs stock tumbled 8.4 percent Tuesday, suffering the biggest one-day percentage selloff since the company went public on Oct. 2,โฆ
Supply chain networks were once invisible to customers, but today that couldn't be further from the truth. When customers aren't happy with delivery times, they will take their business to the competition. This can be prevented with a strong and strategic distribution real estate strategy. Customers who want same-day delivery options shift their loyalty quicklyโฆ
Shortly after graduating college, entrepreneur Vishaal Melwani experienced a pivotal moment in his career: he walked into a Menโs Wearhouse in New York City.