A snapshot of some of the latest retail news and headlines that have caught the eye of our team here at Ebit.
We caught up with our Head of Business Growth, Paul Mills, to understand what the top news stories are that have captured our retail clients attention beyond the world of procurement. Whilst understanding market trends and themes in GNFR procurement is essential for business leaders, they also have to look beyond this narrow base to deliver true value and leadership to their businesses .
Decathlon has transitioned from paper to digital receipts through a partnership with Yocuda. This move aims to reduce environmental impact and enhance customer experience Driving customer engagement & omnichannel growth the early signs look promising for the retailer, and with 50% less paper waste there are environmental benefits as well
AI helps retailers to confirm a customers age as intelligent systems can pinpoint an individual’s age, which can lead to more personalised, smarter shopping interactions as well as provide security with restricted products.
Partnerships between retailers continue to be hot news as The Entertainer finalise the rollout of their shops into over 800 Tesco Stores, Decathlon and Asda announce an online collaboration, expanding their product offering in their sportswear range for consumers
Frasers Group continues it’s expansion with news of the acquisition of 3 shopping centres and pushes for it’s Founder, Mike Ashley, to be installed as CEO of Boohoo as it “looks to set a new course for Bohoos future”
With more than a fifth of non-food purchases that are made online being returned to the retailer, returns and serial returners hit the headlines again. With the practice eroding profitability retailers look at ways to manage the trend and control the costs
We specialise in helping retailers manage their GNFR procurement. This includes a range of products and services ranging from small items like office supplies to larger spend areas like Marketing, Facilities Management and Logistics.
For businesses to be successful, indirect procurement is crucial for maintaining operational efficiency/cost-effectiveness while ultimately unlocking value to support the strategic objectives. But you already knew all of this, that’s why you are here. Saving money, managing suppliers, and embracing digital transformation doesn’t just happen. By staying abreast of market trends and adapting skill sets based on requirements, businesses can navigate the complexities of indirect procurement and drive sustainable growth.
Understanding market trends and themes in GNFR procurement is essential for business leaders. By strategically managing costs, improving supplier relationships, and embracing digital tools and technologies, businesses can enhance operational efficiency, mitigate risks, and drive long-term value for all parties involved.
