Net Promoter Score (NPS): A Tool for Measuring Customer Loyalty NPS is a powerful metric that helps an apparel company gauge customer satisfaction and loyalty. By categorizing customers into promoters, passives, and detractors, you can refine your strategies to retain loyal customers and convert neutral ones into advocates. Unique Selling Point (USP): Why Your Apparel…
Stop spending a fortune on photoshoots to present your merch. AI-powered tools let you create realistic visuals of your designs quickly and affordably, no models or studios needed. The Benefits: Try These Tools: Save time, cut costs, and elevate your merch presentation with AI. It’s fast, professional, and perfect for modern creators!
Open to Buy (OTB) is a budgeting tool for retailers to plan how much they can spend on new stock during a specific period. It ensures the right inventory levels to meet demand without overspending or overstocking. OTB Formula OTB = Planned Sales + Planned EOM Inventory – Current Inventory – On-Order Inventory Example in…
In 2024, technology is reshaping fashion, merging creativity with innovation. Here’s a quick look at the advancements leading the way: Artificial Intelligence helps brands predict trends and create tailored collections.Example: H&M uses AI to design collections based on customer data, reducing waste and improving efficiency.(Source: Vogue Business) AR lets shoppers try on clothes virtually, bridging…
