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Stock impact report

The So-Called Retail Apocalypse Isn't An End -- It's A Beginning [Forbes]

The Lovesac Company (LOVE) 
Last the lovesac company earnings: 4/16 07:00 am Check Earnings Report
Company Research Source: Forbes
Photo: Getty The hard truth of modern retail is that consumers have all the power. In today's competitive marketplace, consumers are more informed, have more choices, expect brands to know them on an individual level and are increasingly driving engagement via real-time channels. According to a study Harvard Review While the retail industry has undergone a significant transformation over the past decade and continues to evolve at breakneck speed, it's still falling behind consumers' pace of change. The transformation is forcing retailers to adapt to new shifts in demographics, attitudes, shopping channels and consumer preferences. It's pushing them to rethink strategies and decipher how to best cater to the customer. While most businesses are racing to address these monumental shifts, they are often unable to execute them effectively. Hyper-personalization — across all touch points — is no longer a choice. Personalizing the customer experience to an audience of one is necessary for a Show less Read more
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