Benjamin Davis’ Post

The increase in physical footfall is a positive indication for the retail industry as it continues to recover from the challenges posed by the pandemic. The latest news of Schuh's strong performance amid this footfall boom is a testament to the resilience and adaptability of the brand. It's great to see a company thriving in this environment, and it sets a positive example for other retail businesses to follow suit. 📈🛍️👞 Great to see Physical Footfall back on the increase - Schuh has strong year as footfall booms -https://lnkd.in/eYFFWAVb #RetailIndustry #FootfallBoom #SchuhSuccess

The increase in physical footfall is a positive indication for the retail industry as it continues to recover from the challenges posed by the pandemic. The latest news of Schuh's strong performance amid this footfall boom is a testament to the resilience and adaptability of the brand. It's great to see a company thriving in this environment, and it sets a positive example for other retail businesses to follow suit. 📈🛍️👞 Great to see Physical Footfall back on the increase - Schuh has strong year as footfall booms -https://lnkd.in/eS_apwZJ #RetailIndustry #FootfallBoom #SchuhSuccess

Up to 70% promotion: what’s the value?   It’s time for summer sale at many retailers. Depending on the type of store, the assortment and the specific weather conditions, I see promotions up to 70% in newsletters and store windows alike. Leading myself to the question of value and commercial viability. If there is room for a 70% mark-down, why do customers need to pay full-price in the first place? And what's the merchandise actually worth? Of course, these are very tricky questions for any retailer because the answer is: it depends. The price towards the supplier is pretty much a given. The rest depends on timing of the offer (winter jackets in summer?), on demand (do I need another T-shirt now?), on fashion (are these shoes cool?), on scarcity (maybe I can not buy this tomorrow, anymore), just to name a few. Summing up, maybe this kind of communication is just the very loud message that it's worthwhile to check out this store! And not just to buy the one reduced item ... #retail #datadriven #shoppingexperience Photo by Arno Senoner on Unsplash

Ross Dress for Less! Ross Stores, Inc. operates under the brand “Ross Dress for Less” and is known for its off-price retail model, offering discounted prices on a wide range of brand-name products, including apparel, footwear, home goods, and more. Ross’s business strategy revolves around providing value-conscious consumers with an exciting treasure hunt shopping experience while maintaining a focus on cost efficiency. One key element of Ross’s strategy is its sourcing model. The company strategically sources its merchandise by purchasing excess inventory or closeout items from manufacturers, department stores, and other retailers. This approach allows Ross to acquire quality products at lower costs, enabling them to pass on significant savings to their customers. The constant influx of ever-changing merchandise also contributes to the treasure hunt experience, as customers often find unique items at compelling prices. The “off-price” model is central to Ross’s value proposition. By offering popular brands at discounted prices, Ross attracts a broad customer base seeking affordable yet fashionable items. This strategy aligns with the growing consumer demand for value in the retail sector. Ross focuses on creating a sense of urgency and excitement among shoppers, who recognize the potential to discover high-quality products at prices significantly below traditional retail. Operational efficiency is another pillar of Ross’s strategy. The company maintains a lean supply chain and distribution network, enabling them to quickly adapt to changing consumer preferences and capitalize on market opportunities. The emphasis on cost control allows Ross to sustain its off-price model and maintain competitive pricing. Ross also prioritizes a no-frills store environment. While competitors may invest heavily in elaborate store layouts and decorations, Ross opts for a straightforward approach. This helps in keeping operating costs lower and reinforces the idea that the savings generated from these efficiencies are passed directly to the customer. In summary, Ross’s business strategy centers on the off-price retail model, emphasizing strategic sourcing, operational efficiency, and a straightforward shopping experience. By continuously offering compelling value to customers, Ross Dress for Less has positioned itself as a popular destination for bargain-savvy shoppers, navigating the retail landscape with a unique and successful approach. #RossFinds #FashionForLess #BargainHunt #OffPriceFashion #StyleOnABudget #DiscountFashion #RossDeals #AffordableStyle #TreasureHuntFashion #SavingsStyle #ClearanceFashion #ShopSmart #FashionFrenzy #BudgetChic #StealsAndDeals #RossClearance #SaveOnStyle #FashionTreasures #RossFashionFinds #ValueFashion

Men's clothing retailers Hawes and Curtis stores are now attracting a new generation of customers. They are finding that men are spending more than ever on themselves – whether it’s through grooming or clothing – but it’s not the traditional suit, shirt and tie. This changing trend in men's consumer habits has led to the Jermyn Street menswear business opening six new flagship stores in the next 12 months. The new stores will be in key city centre locations and you can read more about their growth plans in this linked article. We're no strangers to helping luxury retailers understand their customers in more detail. Authentic British fashion retailers Hackett London enlisted our expertise to explore awareness, perceptions, purchasing habits around their own brand. We delivered clear recommendations on opportunity areas for new store locations and recommendations on media channels and content optimisation: https://lnkd.in/e_bmRfQV #mensfashion #menswear #mensstyle #marketresearch #MRX

#featurefriday One of our favourite #brands, Ralph Lauren beat profit expectations for the 14th straight quarter, driven by robust holiday demand for its pricey cashmere sweaters, coats and cocktail dresses in the US and a strong rebound in China, sending its shares 11 percent higher on Thursday. Despite economic uncertainties, wealthy shoppers in the US went on a luxury spending spree over the holiday season, driving higher sales at Ralph Lauren’s retail store sales and on its online platform. Known for its timeless, understated fashion, Ralph Lauren has also been able to capitalise on the growing cachet for “quiet luxury” among consumers through its neutral-toned shirts, jackets, trousers and bags. Ralph Lauren’s sales surged more than 30 percent in China, building on the 20 percent increase seen in the prior quarter. Net revenue at Ralph Lauren climbed 6 percent to $1.93 billion in the fiscal third quarter, beating expectations of $1.87 billion. Check out the full story at The Business of Fashion below. #businessoffashion #ralphlauren #retailbusiness #luxuryfashion #fridayfeeling #salesexcellence #ecommerce #nyc #toronto #northamerica #whattowear #luxurylife

Creating a Unique Brand Identity for Wholesale Fashion Jewelry In the competitive world of fashion jewelry, establishing a unique brand identity is essential for standing out and attracting customers. Here are some strategies to help you create a distinctive brand identity for your wholesale fashion jewelry business: Define Your Brand: Start by defining your brand's personality, values, and target audience. Determine what sets your jewelry apart from competitors and use this as the foundation for your brand identity. Develop a Strong Visual Identity: Your logo, color scheme, typography, and imagery should all reflect your brand's personality and resonate with your target audience. Consistency is key to building brand recognition. Tell Your Story: Share the story behind your brand, including your inspiration, craftsmanship, and commitment to quality. This personal connection can help build trust and loyalty with your customers. Focus on Quality and Innovation: Offer high-quality, innovative jewelry designs that set you apart from competitors. Consider incorporating unique materials or techniques to make your jewelry stand out. Create a Memorable Customer Experience: Provide excellent customer service and create a seamless shopping experience that reflects your brand's values and personality. Build an Online Presence: Use social media and a professional website to showcase your jewelry and engage with customers. Share behind-the-scenes glimpses, style tips, and customer testimonials to connect with your audience. By following these strategies, you can create a unique brand identity for your wholesale fashion jewelry business that resonates with customers and sets you apart from competitors. #wholesalebusiness #wholesaleprice #wholesaledistribution #wholesaledistributor #liquidation #liquidations #wholesale #wholesaler #retailbusiness #retailer #retail #resale #resellers #resellercommunity #reseller #reselling #productsourcing #closeout #overstock https://lnkd.in/eeNne4AB

Men's clothing retailers Hawes and Curtis stores are now attracting a new generation of customers. They are finding that men are spending more than ever on themselves – whether it’s through grooming or clothing – but it’s not the traditional suit, shirt and tie. This changing trend in men's consumer habits has led to the Jermyn Street menswear business opening six new flagship stores in the next 12 months. The new stores will be in key city centre locations and you can read more about their growth plans in this linked article. We're no strangers to helping luxury retailers understand their customers in more detail. Authentic British fashion retailers Hackett London enlisted our expertise to explore awareness, perceptions, purchasing habits around their own brand. We delivered clear recommendations on opportunity areas for new store locations and recommendations on media channels and content optimisation: https://lnkd.in/eXW7wDjC #mensfashion #menswear #mensstyle #marketresearch #MRX

Understanding consumer preferences in wholesale fashion jewelry is essential for businesses looking to thrive in this competitive market. Consumers today are seeking more than just trendy pieces; they want jewelry that reflects their personal style, values, and lifestyle. One key trend is the demand for sustainable and ethically sourced materials. Consumers are increasingly conscious of the environmental and social impact of their purchases, leading to a preference for jewelry made from recycled materials or produced under fair labor practices. Another important factor is the influence of social media and celebrity endorsements. Consumers are often inspired by influencers and celebrities, driving demand for jewelry styles seen on their favorite stars. This highlights the importance of staying current with fashion trends and engaging with influencers to promote your products. Personalization is also a significant trend. Consumers are looking for unique pieces that reflect their individuality, whether through custom designs or meaningful symbols and charms. Lastly, affordability and value for money remain crucial factors. Consumers are looking for high-quality jewelry at reasonable prices, making it essential for wholesalers to offer competitive pricing without compromising on quality. By understanding and adapting to these consumer preferences, wholesale fashion jewelry businesses can better cater to their target market and stay ahead in this dynamic industry. #wholesalebusiness #wholesaleprice #wholesaledistribution #wholesaledistributor #liquidation #liquidations #wholesale #wholesaler #retailbusiness #retailer #retail #resale #resellers #resellercommunity #reseller #reselling #productsourcing #closeout #overstock https://lnkd.in/eeNne4AB

Hugo Boss Faces Sales Slump Amid Pandemic: What Went Wrong? #COVID19pandemic #economicinstability. #formalwear #globalmarkets #HugoBoss #increasedcompetition #inventorylevels #luxuryfashionbrand #marketconditions #profitability #reducedconsumerspending #retailsector #salesoutlook #shiftingconsumerbehavior #socialdistancingmeasures #stockprice #supplychaindisruptions #workplaceattire