Point/Counterpoint: The New Normal?

Retailers need to show every SKU for which they have “open to buy” and let shoppers decide how they want to buy… instantly or special order. At present we've acquiesced to Amazon, Wayfair and other "online-only" providers that together capture 63 percent of online furniture sales, according to data analytics firm 1010data, a company that tracks online sales via credit and debit card transitions.... Read more

Food Logistics Launches Supply Chain Network Virtual Summit

Track 4: Emerging From COVID-19: Why Better Data Sharing between CPGs and Retailers is Critical

Inna Kuznetsova, interim CEO of 1010data, reviews the COVID-19-related stock-outs witnessed as a result of sudden, unprecedented lurches in consumer demand, and discusses the critical role data sharing between CPGs and retailers will play in predicting demand, understanding inventory levels at a store level and the role these play in adjusting supply chains on the fly.... Read more

How SoulCycle Got Stuck Spinning Its Wheels

In fact some might come to prefer the choice and convenience of working out at home to visiting gyms, and therefore there’s still opportunity to sell plenty of bikes (to those who don’t already own a Peloton). “SoulCycle’s window may not be gone,” said Andy Mantis, the head of data insights at 1010 Data, an analytics firm.... Read more

Downturn And Infection Fears Roil Apparel Recommerce Market

Web sites selling or renting secondhand products at prices lower than comparable new merchandise have a built-in advantage in an economic downturn, but competition will be fierce in 2020, observed Andy Mantis, Chief Business Officer for 1010data’s 1010reveal. “In the immediate term, the price-value competitive advantage that these resale and rental companies had over traditional retail will be diminished in an environment of heavy promotions, sales, even going-out-of-business sales at traditional retail.”... Read more

Soul of discretion: What's selling in the COVID-19 pandemic?

"At its peak [on March 18], pet supply spending was up 47% YoY, but store visits were only 8% up," said Inna Kuznetsova, interim CEO of 1010data. "After that, there was a decline in spending and store visits, and spending fell to only 24% up YoY, which means there was a stock up and then only a modest increase."... Read more

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