Home / Knowledge / News / Apparel/Garments / Physical stores continue to be main driver of retail sales
Physical stores continue to be main driver of retail sales
16
Jun '14
Openbravo, the preferred Commerce Platform for agile retailers and a compelling horizontal ERP Platform for any industry with sophisticated business requirements, has strengthened its presence in the retail market thanks to its flexible and easily expandable multichannel retail management solution that fits perfectly with today’s market needs and confirms Openbravo’s strategic commitment to the retail sector.
 
A recent study released by Openbravo reveals that IT investment priorities in retail are focused on cross-channel, mobile and cloud capabilities better adapted to the new industry challenges. Also, despite the ongoing rapid growth of online retail, physical stores will continue to be the main driver of total retail sales for several more years to come. 89% of total sales in developed markets and 95% in emerging markets still happen in physical stores. 
 
The new cross-channel reality however, forces retailers to give physical stores a totally new role and therefore provide them with new solutions. As a result, 79% of retailers have increased their store IT budget, this year, which seems to be a trend that will continue in the coming years. And here mobile POS is getting more importance with an expected increase by a factor of 3 according to the same study.
 
To succeed in these new market dynamics the Openbravo Commerce Platform provides a state-of-the-art web and mobile point of sale allied with comprehensive back-office functionality that helps retailers to provide a better shopping experience, higher merchandise agility, efficient online channel integration, seamless supply chain operations, and fully embedded analytics.
 
With this solution retailers can compete more effectively by preparing their physical stores for their new strategic role to become a seamless step in a cross-channel world.
 
A list of existing customers in different subsectors like PT. Bintang Indo Jaya (Rotiboy), Supplies Now Inc, Escapade Esports, Keeprs, Orchidis Jardin, Halsted, BUT, Khayal Alwataniya or London Business Group have already adopted Openbravo solutions and have improved store operations, achieved higher merchandise agility, increased supply chain operations efficiency and can now get higher visibility into business performance.
 
Companies like Home’s Up from Groupe Adeo are strongly progressing in omni-channel by using the Openbravo Commerce Platform as the framework for a new powerful Order Management System (OMS), which integrates all their online channels and physical stores. This list is getting larger by adding big operations such as the recent La Europea in Mexico, a national wine and spirits market leader with 48 stores and more than 20,000 products.


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search