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Industry Overview

The Right Retail Technology Will Guide Fashion Retailers to Success in 2023 & Beyond

Transact, upsell, and communicate with customers by leveraging technology that integrates Point-of-sale (PoS), inventory management, logistics, eCommerce, loyalty, and back-office operations.

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Industry Overview

The Right Retail Technology Will Guide Fashion Retailers to Success in 2023 & Beyond

Transact, upsell, and communicate with customers by leveraging technology that integrates Point-of-sale (PoS), inventory management, logistics, eCommerce, loyalty, and back-office operations.

Apparel & Footwear Sales Forecast’s 2023

Revenue in the Apparel market amounts to
US$1.74tn

eCommerce

eCommerce Apparel segment revenue growth projected US$548.60bn

Revenue in the Footwear market amounts to
US$398.40bn

eCommerce

eCommerce Footwear segment revenue growth projected US$135.00bn

Apparel & Footwear Sales Forecast’s 2022

Apparel & Footwear Sales Forecast’s 2023

Revenue in the Apparel market amounts to
US$1.74tn

eCommerce

eCommerce Apparel segment revenue growth projected US$548.60bn

Revenue in the Footwear market amounts to
US$398.40bn

eCommerce

eCommerce Footwear segment revenue growth projected US$135.00bn

Category Wise Sales Forecast’s 2023

Revenue in the Apparel segment

women-apparel
kids-apparel

Source: Statista

Category Wise Sales Forecast’s 2023

Revenue in the Apparel segment

women-apparel
kids-apparel

Source: Statista

Fashion Inches Towards Reclaiming Lost Ground

Executives at McKinsey predict that Luxury & Non-luxury fashion sales would largely recover by end of 2022 propelled by surging e-commerce adoption and domestic spending

Non-Luxury-Fashion

Fashion Inches Towards Reclaiming Lost Ground

Executives at McKinsey predict that Luxury & Non-luxury fashion sales would largely recover by end of 2022 propelled by surging e-commerce adoption and domestic spending

Non-Luxury-Fashion

Fashion Retail Opportunities and Challenges

Fashion Retail Opportunities and Challenges

Opportunities

Digital Transformation

Sustainability

Customer Experience

Click & Collect / Curbside

Challenges

Supply Chain / Inventory Management

Sustainability

COVID – 19 Recovery

Economic Uncertainty

Opportunities

Digital Transformation

Sustainability

Customer Experience

Click & Collect / Curbside

Challenges

Supply Chain / Inventory Management

Sustainability

COVID – 19 Recovery

Economic Uncertainty

Biggest Opportunity Ahead

Biggest Opportunity

Biggest Challenge Ahead

Biggest Challenge

Top Three Answers, % Of Respondents Who Mentioned the Words. Source McKinsey

Biggest Opportunity Ahead

Biggest Opportunity

Biggest Challenge Ahead

Biggest Challenge

Top Three Answers, % Of Respondents Who Mentioned the Words. Source McKinsey

Achieve Fashion Retail Goals in 2023 & Beyond with The Perfect Retail Management Technology

INCREASED CONNECTIVITY = Digital Transformation

Allow your customers to shop for your merchandise through a channel of their choice, from digital channels to physical stores, while keeping track of your sales & inventory. Automate activities such as order tracking, refunds, and complaint resolution using cloud retail solutions.

Increased-Connectivity

EXPERIENTIAL COMMERCE = Higher Sales

Fashion retailers need to create enticing experiences that will take shopping to the next level. Mobile POS allows fashion retailers to set up kiosks, pop-up stores in prime locations, while experiences can be supplemented by the use of Augmented Reality (AR) & Artificial Intelligence (AI).

Experimental-Commerce

CLOUD PLATFORM = Seamless Customer Experience

The transition to cloud-based platforms is critical for fashion retail growth. Cloud-based platforms enable fashion retailers to engage shoppers and provide superior buying experiences by providing access to centralised data of customer purchasing history and preferences.

Cloud-platform

SUSTAINABILITY = Higher Customer Loyalty

Sustainability attracts higher loyalty. Retail Management Solutions can assist fashion retailers in reducing waste and incorporating personalisation by providing cataloged selections and customised services.

INVENTORY CONTROL = Lower Costs

Have the appropriate inventory in the right place, at the right level, at the right time, and for the right price; track all products that leave your stores via various channels. Bin & catalogue management helps in logically organising Fashion stores for better inventory visibility.

Inventory Control

DELIVERY AND RETURNS = Complete Convenience

Enterprise-Class Retail Management Solutions not only support multiple delivery options like BOPIS, BORIS, Curbside; but also simplify returns and refund management for Fashion retailers. Shoppers enjoy the convenience they deserve, while retailers get rid of their challenges.

Delivery and Returns

Achieve Fashion Retail Goals in 2023 & Beyond with The Perfect Retail Management Technology

INCREASED CONNECTIVITY = Digital Transformation

Allow your customers to shop for your merchandise through a channel of their choice, from digital channels to physical stores, while keeping track of your sales & inventory. Automate activities such as order tracking, refunds, and complaint resolution using cloud retail solutions.

Increased-Connectivity

EXPERIENTIAL COMMERCE = Higher Sales

Fashion retailers need to create enticing experiences that will take shopping to the next level. Mobile POS allows fashion retailers to set up kiosks, pop-up stores in prime locations, while experiences can be supplemented by the use of Augmented Reality (AR) & Artificial Intelligence (AI).

Experimental-Commerce

CLOUD PLATFORM = Seamless Customer Experience

The transition to cloud-based platforms is critical for fashion retail growth. Cloud-based platforms enable fashion retailers to engage shoppers and provide superior buying experiences by providing access to centralised data of customer purchasing history and preferences.

Cloud-platform

SUSTAINABILITY = Higher Customer Loyalty

Sustainability attracts higher loyalty. Retail Management Solutions can assist fashion retailers in reducing waste and incorporating personalisation by providing cataloged selections and customised services.

INVENTORY CONTROL = Lower Costs

Have the appropriate inventory in the right place, at the right level, at the right time, and for the right price; track all products that leave your stores via various channels. Bin & catalogue management helps in logically organising Fashion stores for better inventory visibility.

Inventory Control

DELIVERY AND RETURNS = Complete Convenience

Enterprise-Class Retail Management Solutions not only support multiple delivery options like BOPIS, BORIS, Curbside; but also simplify returns and refund management for Fashion retailers. Shoppers enjoy the convenience they deserve, while retailers get rid of their challenges.

Delivery and Returns

Sell in-store and online with ease, and watch your profits soar

Sell in-store and online with ease, and watch your profits soar

Now is the right time for technology modernisation. Before pledging to a single retail management solution, we recommend that you consider all aspects of your business. If you require expert guidance, our retail experts are available to discuss your business requirements and tailor a retail management solution to meet your specific needs.

Now is the right time for technology modernisation. Before pledging to a single retail management solution, we recommend that you consider all aspects of your business. If you require expert guidance, our retail experts are available to discuss your business requirements and tailor a retail management solution to meet your specific needs.