Mike Robinson

While most retail companies are suffering, Stitch fix is soaring, generating $2.19 billion in revenue in 2021. So how did Stitch Fix founder, Katrina Lake, combine artificial intelligence (AI) and human interaction to create a differentiated and low-cost offering that keeps customers coming back for more? Find out how in our blog: https://lnkd.in/gu-YEFKg #blueoceanstrategy #blueoceanshift

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While most retail companies are suffering, Stitch Fix is soaring, generating $2.19 billion in revenue in 2021. So how did Stitch Fix founder, Katrina Lake, combine artificial intelligence (AI) and human interaction to create a differentiated and low-cost offering that keeps customers coming back for more? Find out how in our blog: https://lnkd.in/gu-YEFKg #blueoceanstrategy #blueoceanshift

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📰🔥 Hot off the press: Daniel's Jewelers enjoys robust return on investment after deploying RetailNext technology! "We leverage AI-powered in-store analytics to enhance the customer experience by providing retailers with deep insights into shopper behavior," said Joe Shasteen, our Global Manager of Advanced Analytics, in conversation with Judy Mottl via Retail Customer Experience. David Sherwood, CEO of Daniel's Jewelers, also joined the conversation to discuss our partnership and how we’ve been able to expand Daniel’s Jewelers' brick-and-mortar presence by accurately measuring the impact of digital advertising on in-store foot traffic 👣 Our technology's invaluable insights have had a direct impact on this mainstay brand's customer experience 🙌 Now, customers get the personalized, attentive assistance they need exactly when they need it most.  Read the full article 👉 https://lnkd.in/dwJQUjEb Check out our case study 👉 https://lnkd.in/dg-gKJ-i #Retail #AI #Data #RetailTech #AdvancedAnalytics

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The precarious position of CEOs in #retail and #consumer #packagedgoods (CPG) industries stems from the high volatility and rapid changes in consumer behavior. Unlike sectors like automotive or finance, where purchase cycles are longer and more predictable, consumers in retail and CPG make frequent, easily influenced choices. This makes it quickly apparent when a brand is underperforming, and boards are more inclined to replace leadership in hopes of finding someone who can drive the company to the top of its category. The pressure is intensified by stakeholders’ expectations for radical growth, especially when a predecessor achieved success through incremental improvements. New CEOs often face the challenge of balancing strategic renewal with the need for quick results, all while navigating a rapidly shifting consumer landscape. Longevity in these roles hinges not only on having a compelling vision but also on the ability to adapt and execute effectively, seizing the opportunities that change presents. Ultimately, CEOs who consistently deliver value to both consumers and shareholders will be the ones who thrive in these high-risk, high-reward positions!

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Thank you @ Bob Thompson and CustomerThink for naming our recent article, "Macy's Retail Experience Risk: The Billion Dollar Lesson," an Editor's Pick. In this article, we delve into the importance of honoring customer promises and creating a seamless experience across the retail experience. Check it out and let us know your thoughts! #CustomerExperience #Retail #Macys #CustomerPromise #CustomerJourney #ThePetrovaExperience

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With Black Friday sales taking precedence and many apparel and footwear companies still struggling with supply chain issues and inventory management -- this webinar is pertinent. Craig Cookesley from Stylematrix, a veteran in retail and wholesale inventory management will share with you the 'Future of inventory management' and how AI is going to change the game. "AI isn't going to take your job, but someone who uses AI will". Being across how and when to use AI in your supply chain for fashion retailers is critical to staying competitive and for some, keeping their jobs. 📅 Date: 27th November 2024 ⏰ Time: 11:00 AM AEDT 💻 Topic: "Cloud-Based Inventory Management – Revolutionising Retail Operations" Why Should You Register? ✔️ Learn how AI and cloud-based systems are transforming inventory management, ensuring accuracy and reducing disruptions. ✔️ Gain insights into transitioning from outdated on-premise systems to real-time, cloud-powered solutions for better team collaboration. ✔️ Discover how AI-driven forecasting tools can increase productivity and prevent stock issues. ✔️ See how our integrated dashboard simplifies management tasks by unifying sales, inventory, and customer data. ✔️ Explore the power of API integrations with platforms like Shopify, Klaviyo, Magento, WooCommerce, and more. Hear real-life success stories from businesses like Wild Rhino and Europacific Footwear, showcasing how Stylematrix has revolutionized their operations—boosting efficiency, streamlining workflows and driving sales growth. https://lnkd.in/gcTqXmfB Stylematrix #StyleMatrix #Webinar #InventoryManagement #RetailTech #AI #CloudBasedSolutions #FootwearRetail #FashionIndustry

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Sri Solur shares the leadership playbook required to transform a major product's brand: https://lnkd.in/erEUjZkk Kenmore and Brands #entrepreneurship #retailinnovation #brandtransformation #executiveleadership #BusinessTransformation #RetailLeaders #ExecutiveInsights #InnovationStrategies #BrandGrowth #RetailStrategy #BusinessLeaders #entrepreneurmotivation

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When the CEO of Brothers AB, Christopher Englinde, talks about fashion retail it pays off to listen 💡 Check out the interview on what retailers must do today to succeed! #fashion #retail #CX #customerexperience

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🛍️ Are your markdowns driving sales or damaging your brand? In today’s competitive market, markdowns need to be strategic! Read our guide to learn the best practices for applying markdowns in fashion retail. https://lnkd.in/g-M7H8BK #RetailStrategy #FashionBusiness

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🎙 Check out Episode 46 of The Garage Podcast: “Tools for Retail Media Innovation." Tune into Dan Hight of Placer.ai and Paul Brenner of Vibenomics to explore how in-store #retailmedia transforms the shopping experience. They discuss the impact on #brands, #retailers, and #consumers, as well as the role of technology, #measurement, and #standardized metrics in reshaping the retail landscape. 🛒📊 Listen now: https://lnkd.in/eT_ud6qW

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In today's competitive marketplace, creating a unique shopping experience is more crucial than ever. Every grocer should consider, "What are the one or two areas where I can excel, and how can I ensure everything else meets the standard?" While this may sound straightforward, it demands extensive shopper and competitive analysis. Columbus Consulting International is here to help if you need assistance defining your Shopper Value Equation. #Grocery #Retail #Consulting #Shopper

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New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Joëlle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/eAN-fXBY #NYCFashionWeek #Fashion 📸 👠 🗽

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The difference between change and transformation in retail isn't just semantics—it's the key to unlocking meaningful and sustainable transformation. Our recent post breaks down: • Why most retail transformations fail • How to integrate organizational change into transformation • 8 strategies for retail leaders to drive successful transformation. Read it today and start achieving your transformation objectives. #RetailInnovation #BusinessTransformation #RetailStrategy

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The difference between change and transformation in retail isn't just semantics—it's the key to unlocking meaningful and sustainable business improvements. In a recent The Parker Avery Group post, Kathi Toll, MSC and Carrie Habel break down: • Why most retail transformations fail • How to integrate organizational change into transformation • 8 strategies for retail leaders to drive successful transformation. Read it today and start achieving your transformation objectives. #RetailInnovation #BusinessTransformation #RetailStrategy

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📢Will Niche Companies Lead the Way in the Channel Too? I think so I love seeing smaller brands like Vuori shake up the market and displace big-box retailers. Consumers are now opting for on-trend, quality products over big-ticket items, highlighting the importance of staying relevant and offering something unique. This trend is an early consumer example of what we’ll see in the channel: well-known brands becoming complacent, slow to transform, and falling behind. Smaller companies, with better service and overall experience, will take market share away. Personally, I will happily walk into a Vuori store to find what I need easily, unlike big-box retailers where I can’t find anything and there’s no help. This underscores the broader trend: agile brands win by delivering superior customer experiences. The lesson is clear: adaptability and customer-centricity are key. By understanding and delivering what your customers want, any company can turn challenges into opportunities. Let’s celebrate these innovative brands and learn from their success. Remember – understanding and delivering what your customers want is always a winning strategy. #BusinessTransformation #CustomerExperience #Innovation #RetailSuccess #Vuori #BusinessStrategy #ChannelMarketing #Branding #Sales #Technology

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As Stitch Fix embarks on a transformative journey, CEO Matt Baer is confident the company will return to revenue growth by FY 2026 with a major emphasis in incorporating AI. According to PYMNTS, despite a challenging Q4 2024, with revenue down 12.4% YoY, Baer highlights strategic steps that are already driving positive changes. Key initiatives, including optimizing operations, embracing AI for personalized styling, and expanding product offerings, are already boosting client engagement and conversion rates. With an innovative, data-driven approach, Stitch Fix aims to redefine the personalized retail experience while positioning itself for future growth. https://lnkd.in/gw79Da5K #HalifaxWest #WinTogether #capitaladvisory #MandA #restructuring #operatingadvisory #RetailTransformation #AIinRetail #Personalization #ClientEngagement #StitchFix

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Why Stitch Fix (SFIX) Stock Is Trading Up Today 📈 The Power of Investing in Health & Wellness 🚀 Summary: Stitch Fix, the leading online personal styling service, has been experiencing a surge in its stock price today. With a proven track record of success and a strong presence in the health and wellness industry, investing in Stitch Fix can yield significant returns to boost your Health Savings Account (HSA) portfolio. 👉 Don't Miss Out on This Thriving Opportunity! Act Now! 💪 Subheadings: 1. The Rise of Stitch Fix: A Disruptor in the Fashion Industry 2. Health and Wellness Integration: The Key to Success 3. Seamless Online Experience: Transforming the E-commerce Landscape 4. Expanding Market Share: The Sky is the Limit! #hsa #investing #healthcare #health #family #wellness Stitch Fix, the trailblazing disruptor in the fashion industry, has managed to seamlessly integrate health and wellness into its business model. By recognizing the growing importance of self-care and personal well-being, Stitch Fix has positioned itself as a leader in the market. With a customer-centric approach, Stitch Fix provides a personalized styling service that empowers individuals to look and feel their best. This unique value proposition has attracted a vast customer base who prioritize health and wellness in their lives. As a result, Stitch Fix's stock price has surged, offering an incredible investment opportunity. The company's emphasis on a seamless online experience has revolutionized the e-commerce landscape. By leveraging data and technology, Stitch Fix delivers curated clothing options tailored to each individual's preferences. This innovative approach has not only increased customer satisfaction but also boosted revenue growth. Stitch Fix's commitment to expanding market share further fuels its investment potential. With an ever-growing customer base and an expanding product line, the company is well-positioned for continued growth and profitability. By investing in Stitch Fix, you can tap into the lucrative health and wellness industry and potentially earn significant returns to grow your HSA. Don't let the Fear of Missing Out hold you back. Take action now to seize this thriving opportunity and empower your financial future! 💼 Act on Opportunity 💼 Invest in Stitch Fix today! 🚀

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The U.S. advance retail sales report for October that was published today pointed to generally resilient consumer confidence. The October print came in at 0.1 points higher than consensus estimates, growing at 0.4 percent m/m and 2.8 y/y. The revised September print was doubled from the last estimate at 0.8 percent m/m. Spending was generally fairly strong across most sectors while those of interest to FSW Markets were sort of in between. Clothing and clothing accessories were down -0.2 percent from last month, but remain up almost 3 percent y/y. However, department stories continue to decline with a -0.2 decline m/m matched by zero growth y/y with deep discounting failing to lift volumes. The FSW Markets All Luxury Index, which is global and bit broader than just fashion, is down almost 12 percent on the year but relatively strong U.S. growth has helped offset especially weak growth in Asia and mixed results in Europe. Yet the SPDR S&P Retail ETF (XRT) is up over 9 percent on the year. https://lnkd.in/eCMhNmQt

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