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MUST READ: 2000 Retailers Share Projected Business Impacts

Insights you need to know for your business.

Brands and retailers alike are scrambling to adapt as store closures and shelter-in-place orders sweep the globe. As an organization that was founded to enable digital collaboration between brands and retail buyers of all sizes, we feel it is our responsibility to gather vital information to help the industry make informed business decisions and navigate unprecedented change.

We surveyed thousands of retail buyers to try and understand the true business impact of the current health crisis. Our findings discovered that most retailers are making immediate changes to store operations, which will have a trickle-down effect on their brand partnerships and supply chain. Our hope with this data is that collectively, as an industry, we can take proactive steps to mitigate these losses and face the challenges ahead with wisdom.

Key Insights:

  • 63% of retailers plan to cancel on-order products
  • A majority expect to reduce their next season buys by 25-50% 
  • ⅓ of store owners expect to delay vendor payments by more than 60 days

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"These are the facts that brands need to know to enable them to focus on solutions. Now is the time to take action."

— Erik Ulin VP, Retail Partnerships, NuORDER