The retail industry is one filled with hundreds and thousands of companies aiming to make a mark in the mind of consumer. With the ever present coronavirus pandemic, that has proven to be both a challenge and a strength for many companies, big and small. Each and every sector is being affected differently when it comes to retail, from manufacturing to sustainability. It's important for these companies to understand what are the factors that drive their success during this time, and how they can expand and improve upon those for the greater good of the consumer. |
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Manufacturing |
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Forbes | June 19, 2020
As the manufacturing industry accounts for about 16% of global GDP, it has taken quite a toll due to the coronavirus pandemic. In reference to retail, it takes a blow in light of how consumer spending will be changing post-pandemic.
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TheGazette.com | June 19, 2020
With the pandemic there was a significant impact on the fashion industry, especially as large scale retailers such as Nordstrom, Nike, and Gap have their goods manufactured overseas in locations like China. With the apparel industry working to recover, there will be a multitude of changes from development to final delivery of product to retailers.
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KOMO News | June 17, 2020
While retail is slowly beginning to make a comeback since the pandemic started, there are still doubts about the recovery process. Depite the doubts, there is a postive outlook for the future of retail manufacturing as the economy begins to improve faster than expected.
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Forbes | June 16, 2020
Retail will need to focus more on building partnerships and customer relationships amidst the increase of digital operations due to the pandermic. Many retail manufacturers will have to begin to shift a focus to consumer digital sales.
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Reuters | June 16, 2020
As the United States retail industry starts to recover, the manufacturing industry does as well. Surges in demand for motor vehicles has assisted in the improvement for the industry but overall, manufacturing accounts for 11% of the economy and it remains held back by supply-chain disruptions.
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Supply Chain |
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Supermarket News | June 17, 2020
The retail demand for meat has steadily increased since last year. Recent June IRI data goes to show that despite the increase in demand, there's supply chain issues.
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Markets Insider- Business Insider | June 17, 2020
Recent studies from April showcase that there's been a 40% decrease in consumer spend across all retail categories. Price and supply chain constraints have been significant factor that contribute to the growth.
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Gartner Inc. | June 15, 2020
With the apparel industry already struggling prior to the pandemic, it's turned into an crisis now. Supply chain officers have to reconsider all the strategies and plans to pull the industry above water.
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RetailWire | June 15, 2020
The coronavirus pandemic has shed light to how the retail industry responds to challeges both interally and externally. One of the most prominent challenges involves the supply chain factor and the article provides an insight into the most effective supply chain strategies during COVID-19.
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Brick & Mortar |
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The Hill | June 17, 2020
The National Retail Foundation has been trying to convert the usual physical tours that brick and mortar stores do with congress into virtual tours. This is especially important for small business owners during this time to speak about the challenges they've been facing in the pandemic.
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Forbes | June 13, 2020
Reputation has been hard to uphold for many retailers, especially with those who have massive brick and mortar stores all across the United States. On a global scale, the retail sector has been severely impacted and facing a different kind of threat than ever before with the coronavirus pandemic.
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Shopify Gold | June 17, 2020
While there are many traditional retailers who have been shut down or had a steep decline due to the pandemic, there's still a plethora of retailers who are either focusing on brick and mortar stores they already have or making plan to have one. With the advantages in lower rent and customer loyalty, many online retailers are looking at the pandemic as a push into the physical landscape of retail.
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Markets Insider- Business Insider | June 18, 2020
New reports are showcasing how brick and mortar stores are going to make a comeback amidst the coronavirus pandemic. In a survey done of about 400 stores, many findings show a shift in commercial real estate, permanance of curbside pickup, different in-store experiences, and more.
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Sustainability |
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Pet Food Processing | June 19, 2020
A leading sustainable pet company, West Paw, just announced it's expanision into the retail market by now being sold in Petco. The company will have a presence both online and in-stores and president and chief executive officer Spencer Williams stated “As we look at the ever-evolving retail landscape, and all that is happening in the world, we see businesses working hard to remain viable by adapting to the needs of the consumer,”.
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Markets Insider- Business Insider | June 18, 2020
The retail sector is consumed and filled by hundered and thousands of companies striving to be the best. Macerich comes out as a recognized leader in sustainability and has recieved #1 GRESB ranking in the North American Retail Sector from 2015-2019.
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Benzinga | June 16, 2020
The Abingdon Co. is a women's watch manufacturer and retailer which prides itself for being a part of the retail industry in a completely sustainable way. With a mission to connect to their audience who is primarily women engaged in active outdoor professions and hobbies, the company has been making major strides internally during the pandemic.
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Forbes | June 10, 2020
While the retail economy is beginning to recover from the coronavirus pandemic, it has yet to do so fully and it will probably take quite a while as well. The best way to improve on the retail industry will be to reevaluate all aspects of the supply chain model, which includes customers’ values and address issues such as sustainability, safety, cleanliness, and social distancing.
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Progressive Grocer | June 9, 2020
In an ever changing society, especially during this time with a global pandemic, retail will have to reconsider how to approach the trials and tribulations coming its way. New models of retail will have to be developed with a heavy focus on health and sustainability.
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