Back-to-school season continues to be one of the most significant retail seasons of the year, and this year, the National Retail Federation (NRF) predicts that back-to-school (BTS) spending will more than 10% over 2016 to $83.6 billion. According to the NRF, nearly half of back-to-school shoppers will wait to do their shopping
Openbravo was thrilled to attend the 28th edition of ColombiaModa, one of Colombia’s leading fashion forums with over 50,000 visitors. This year’s event underscored the importance of using technology to diversify the channels and means of marketing, satisfy the needs of consumers, and improve the integration of supply chain systems.
The modern point-of-sale (POS) system has become much more than a cash register, especially for large retail stores offering a wide range of products. Today’s POS systems enable retailers to manage their business better and ensure customer satisfaction, while cutting costs. Below we focus on seven key features of the modern POS that
Spain is home to several leading international fashion brands including Zara, Mango, Desigual, and El Corte Inglés, all of which are investing in technologies that are redefining the retail sector today. Leveraging Spain’s economic growth and the dynamism of the fashion sector, Spain’s top fashion retailers are embracing innovation to
On July 1st, India ushered in the “GST era” with a special session of Parliament to launch the Goods and Sales Tax. While the business community has generally been optimistic about the future under GST, there was some trepidation because, even at that late stage it seemed to be a work
By now, most retailers have accepted that e-commerce will be an important source of revenue in the future. Even food retailers, which previously believed online would contribute little to their growth, are starting to change their tune, and fast. For example, Mercadona, one of Spain’s largest grocers, invested €126 million
From quinoa to Korean tacos, restaurant customers are not only getting savvier about the quality and creativity of their food, but also changing the way they view their dining experience. Customers can be engaged in more ways than ever before with online reservations, home delivery platforms, table-side ordering and payments,
Footwear has been a strong and dynamic retail category over the last decade thanks to the proliferation of specialty niches and the growing demand for specialized footwear designed to meet specific needs in terms of function and style. So it is not surprising that brands have turned to footwear to
Earlier this year, US luxury retailer Saks Fifth Avenue raised the stakes by opening Saks Downtown Men’s store, a 16,000 square-foot space entirely dedicated to men´s categories. Aaccording to a recent Ogilvy report, the menswear market is expected to grow 1.5 times faster than women’s fashion over the next year.
Not Just IKEA: technology helps retailers succeed in today’s dynamic furniture and home decor market
Before IKEA erupted on the market in the 1980’s, furniture and home decor was not a very dynamic part of retailing. Furniture was often inherited or bought only when people set up home and then kept as long as it lasted. Furniture stores often kept pieces in the showroom or