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week of 1/20/23 |
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The energy level at NRF 2023, aka the Big Show, was palpable, as large crowds swarmed the expo floors and outer halls of the Javits Center in New York, even as holiday numbers from the association and the government signaled concerns in the industry and the markets down the street.
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With Chinese New Year starting Sunday, and manufacturing and logistics operations virtually shut down there for two weeks, experts say retail inventory levels are in a good place given recent gluts and proactive restocks, but the weeks following will bear watching and might bring issues.
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Marvin Ellison, chairman, president and CEO of home improvement retailer Lowe’s, credited a faith in God and a worth ethic instilled by his parents that helped him achieve far beyond his humble roots, going from a part-time stocking clerk earning $4.35 an hour at Target to heading up a Fortune 500 firm.
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Ecommerce brands often leverage state-of-the-art tools like CRM, analytics software and more to attract and retain customers and improve process efficiency. Nonetheless, you need help to pull in your projected orders. An effective merchandising strategy enables customers to find the products they are looking for.
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