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Elizabeth Lafontaine
Department stores are defying expectations in early 2025. Despite challenges in discretionary retail, visits to department store chains are down just 2% YoY in the first few months of 2025—an improvement from 2024’s 4% decline. Nordstrom and Macy's are leading the way, with stronger traffic trends thanks to a renewed focus on in-store experiences and the resurgence of indoor malls. As consumers prioritize experience-driven shopping, department stores are responding with innovation and quality. Check out our latest LinkedIn newsletter for more retail insights: https://lnkd.in/gVAc3kUm
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Clay Parnell
Very positive example of a legacy retailer and brand operating very differently than just 1-2 years ago. Moving from being data-rich to actually having insights for decision making isn’t always easy, but it’s absolutely imperative in today’s hyper-competitive and fast-paced retail market. Being able to bring in disparate data from multiple sources is also critical for identifying trends and being able to respond appropriately and quickly. The Parker Avery Group's Enterprise Intelligence platform, recently named by Vendors in Partnership Awards as the Best Business Intelligence and Analytics Platform, is helping many of our clients process massive amounts of data for analysis and decision making. Even further, our deep expertise in retail merchandising, planning, and supply chain capabilities allows us to support our clients in adapting their processes and organizations to transform and function differently, and to sense and respond effectively and rapidly, ensuring the data and analysis is truly leveraged for successful outcomes. #retailanalytics #demandforecasting #retailplanning
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