Since the onset of the COVID-19 pandemic, overall retail sales have dropped by approximately 20% according to McKinsey & Company. The management consulting firm also stated that the hardest-hit sectors will not undergo a global economic restart until late into the second quarter or early in the third quarter of 2020, at the soonest.
The impact of the global health crisis is putting retailers to the test, and it’s only just begun.
What can retailers do to safeguard their businesses in post-pandemic times? What will the new normal look like? And, how can companies best prepare themselves for the challenges ahead?
Watch this webinar replay where we discussed the groundbreaking technologies that are enabling retailers to prepare for the future. Tune in and learn…
Centric Software is the leading Product Lifecycle Management solution for fashion, retail, luxury, outdoor, home décor and consumer goods companies. More than +370 companies making products for +1250 iconic brands — such as Auchan, Bestseller, Yoox Net-a-Porter, Ackermans, Superdry, Kiko Milano, Crocs and Visionnaire are experiencing incredible results such as a speedier time to market, improved margin visibility, an increase in the number SKUs and a growth in revenue.