Articles by Guy Chiswick
Five smart new ways to avoid online cart abandonment
loading... - Retail
Recent research from ContentSquare has revealed that the most frequently abandoned online shopping cart item is clothing, with 40 per cent of purchases being discarded at checkout. Coming above technology and homeware purchases (18 and 16 per cent respectively) this is clearly an area that needs attention from the fashion industry. When online...
Bringing online shopping to (real) life
loading... - Business
It’s the challenge of our times for retailers: you have a physical store and an optimised website, with customers who move fluidly between the two. So how do you merge the two? As consumers have embraced online shopping because of the ease and convenience it offers, bricks and mortar shops have increasingly become where people go to discover and...
Rising costs and falling profits: how can retailers fight the margin squeeze?
loading... - Business
The past decade has seen incredible transformation in the retail industry. The boom in e-commerce has been a catalyst for change. Where, and how customers shop has altered beyond recognition. The fast pace shows no sign of abating. This has not been without its challenges. Under pressure to deliver across multiple channels and fulfil customer...
Reinventing Retail with London Fashion Week
loading... - Fashion
As we approach 2017’s first London Fashion Week on February 17, speculation surrounds the future of the runway, especially after September’s shows were lauded for their experimentation and reinvention. The ‘runway to retail’ initiative, debuted by Burberry during September 2016 at London Fashion Week, revaluated the traditional catwalk concept....
Rise of the machines: what to expect from AI in 2017
loading... - Retail
The last year has been characterised by uncertainty, unpredictability and change both on a global political scene and in retailing. In particular, technology has been developing at such an accelerated pace that what’s cutting edge in January becomes old news by June. Nowhere has this been more notable than in the retail sector. 2016 saw some...
An evolving industry: emerging trends in festive fashion retail
loading... - Retail
The festive shopping season is traditionally the busiest time of year for retailers, both online and on the high street. Last year however, fashion retailers were caught out by a blast of unseasonal weather and saw a significant fall in sales volume, down 4.2 percent compared to 2014. According to the Office for National Statistics, this decline...
Managing profitability during changing seasons
loading... - Retail
The seasons are changing and Autumn is finally here, but over the past couple of months, many fashion retailers have faced hard times as warmer weather has kept consumers out of shops. So how do you manage profitability during seasonal changes, especially when they can be so volatile? Reports from BDO show that high street sales dropped by 2.8...