Abercrombie & Fitch Co.’s Post

'⚠️ H&M warns on profit target amid higher costs and intense competition 💸💼👗 #RetailNews #HM #BusinessUpdates #ProfitWarning Explore more insights on https://databoutique.com 📊🔍' by Financial Times about H&M

Gap beat quarterly estimates on the top and bottom lines, leading it to raise its full-year guidance. Here are the numbers.

Aligning your merchandise plans with your financial goals is key to avoiding poor financial performance in retail.

Statistica reports that clothing is the highest return category in 2024.  Bracketing is a major culprit.    Business Insider reported that online shoppers that bracketed increased from 58% to 63% in recent years.   The sooner you can capture the returned product’s value, the more revenue you can restore to your company. Integrated Return-Refund Workflow systems are driven to recover the value of returned goods.   It's inefficient to bring all returns into a single location to sort and redistribute them. An integrated Return-Refund and Fraud Reduction workflow uses intelligence to identify and manage the way a return is handled, maximizing the value of the returned product.   Does the product go back to the retail store?  Should it go to the refurbishment center?   These questions can best be answered, quickly and efficiently, with integration and automation. #ReverseLogistics #returnsmanagement #retailreturns #ecommercereturns #returnssoftware

As January draws to a close and leaves the Christmas Retail rush in the dust, what will the new developments and changing retail strategies be for the months ahead in the UK? 🛍🏪 👇 Read our latest blog where we have delved into the retail changes in the past few months and explore the possibilities of the changing retail world in 2024! What do you think the biggest changes to the retail industry will be this year? 📧 To find out more about how GMAP can help you with retail insight, analysis and intelligence, get in touch at [email protected] https://lnkd.in/ec6yrVtc #locationintelligence #locationplanning #locationanalytics #retailinsight #retailintelligence #retailvision #retaildata #software

Really loved delving into the UK Retail Geography world to write this blog - let me know what you think the biggest changes to retail will be in 2024. #retailinsights #retailvision #gmapanalytics #retailgeography #retailconsultancy

Charging for returns might seem like a quick fix for retailers facing high return rates, but it's a band-aid solution that could damage consumer trust. This approach overlooks a crucial aspect: the responsibility of brands in the cycle of returns. By not addressing the core issue—products that don't fit—retailers are missing the mark. The reality is, size and fit discrepancies account for over 50% of all returns. It's clear that the industry needs a shift in strategy, one that prioritizes accuracy in sizing over penalizing customers for returns. This necessary shift requires a thoughtful approach. Brands need to acknowledge their part in perpetuating the return cycle by often providing inconsistent sizing. The solution lies in leveraging technology to ensure products meet customer expectations right from the start. That's where solutions like SAIZ come into play, offering precise size recommendations to drastically reduce return rates. It's time for brands to invest in solving the root cause of the problem, rather than placing the burden on consumers. DM to understand how SAIZ can change that for your brand! https://lnkd.in/eJeWaKpF

Today we want to look back on the financial year of 2023 and share our results. Despite a challenging market environment, we have managed to keep our net sales with EUR 612m at prior year level (EUR 611M). Our adjusted operating profit is at EUR 33m (EBITDA acc. to HGB) due to inflationary cost pressure and unfavorable exchange rate effects. We continue to focus on offering best price-value product proposition to our trade partners and end-consumers. Gernot Lenz: “2023 was a challenging year for the fashion industry. Although we didn’t succeed reaching our ambitious sales and profit goals, we have managed to maintain slight growth while remaining profitable. The launch of our new store and Shop-in-Shop concept in the second half of 2023 already yields promising results and we look forward to further expanding and upgrading our store and Shop-in-Shop network. Thanks to our outstanding crew as well as all our trade partners, customers, and suppliers for their trust and commitment.” Christian Werner: “We have faced severe pressure on the top line due to macro-economic challenges and weak consumer sentiment. In addition, we had to deal with inflation across almost all cost areas. Taken this into consideration, we still managed to achieve a solid 2023 performance. Our 2023 year-end inventory position improved significantly and was a key driver for strong cash generation compared to 2022. With the extension of our existing loan facilities until the end of 2026 and significant debt repayments, we have also reached an important milestone with respect to further stabilizing our financing structure.”

Is your cash flow getting eaten up on clothes? 🫣👕 Especially with a growing family, clothes shopping can add up fast! But, uncontrolled spending can lead to unnecessary leaks in your budget. Being aware is the first step to cutting back and staying in control 🛍️ . #impulsebuying #shopping #clothesshopping #SpendingHabits #cashflowmanagement #financialliteracy #cashflow #spendlesssavemore

If you had to pick one item on which you would never sacrifice quality and would never cheap out, what would it be? 🤔 Some purchases are more than transactions; they deserve special attention. When we choose a product that meets our needs, we're not just buying - we're investing in an experience. These choices shape our day-to-day, our well-being, and our impact on the environment. So, where do you stand when it comes to buying? Join the conversation in the comments, and let's talk about it! 👇💬 #SmartPurchaseDecisions #QualityOverQuantity #MaterialHandlingIndustry