According to a study by McKinsey & Company, during 2022, global Fashion & Luxury will exceed the levels of turnover recorded in 2019 by anywhere between 3% to 8%. The success of several events supports this trend: physical Retail is by now set to overtake the pre-pandemic numbers.
Pitti Immagine: the wager against the pandemic has been won
An overall attendance of 8,000 people, 4,900 buyers (of which 30% from 60 foreign countries) and 548 men’s fashion collections (of which once again 30% from abroad): these are the numbers attributed to the most recent Pitti edition, certainly superior to expectations. An event that has brought about a strong show of optimism for the entire industry.
The success associated with this important event, back with in-person attendance, is closely linked to that of physical Retail, whose overtaking of the pre-2020 numbers is by now just around the corner. Angelo D’Arcangelo, manager of various brands at the trade fair, has stated in this regard: “The event which took place was the Pitti for the courageous, those who chose to believe in the recovery, providing a powerful signal and demonstrating an important sense of responsibility”.
Boom in attendance for Milano Unica
During the first few days in February, we witnessed another important event exceed expectations. The 34th edition of Milano Unica, the Italian trade fair for textiles and high end accessories, has, in fact, registered a 16% increase in visiting companies. The number of exhibitors also increased, reaching a quota of 342 (52 of which were foreign), with +27% compared to the previous edition.
According to Alessandro Barberis Canonico, President of the trade fair, who associates the success of the event to the overall positive context: “The result for this 34th edition can surely be attributed to the increased number of exhibitors, but also to the change in the mood of the market. The recovery in consumption, the reduced pandemic pressure and the growth in sales have certainly provided a boost of confidence to both the exhibitors, which have gone up in number, and the buyers, in search of new stimuli for the collections”.
Profit Protection: the solution for physical Retail in rapid recovery
So, if store attendance is about to increase, Bizeta has the right solution to accompany this favorable context. Retail Profit Protection is therefore the perfect tool to identify fraud, minimize losses and protect profits in a network of retail stores.
Offered in partnership with IntelliQ, this powerful software maximizes profits by identifying fraudulent transactions, anomalous behavior and lack of compliance with procedures. Thanks to sophisticated algorithms of forensic analysis and advanced data-mining technologies, this intuitive and flexible tool offers Retailers complete visibility over the reasons for cash and inventory differences in store networks.
Basically, the definitive solution for Retail that is about to overtake pre-Covid results.
The commercial staff of Bizeta Retail Solutions is at your complete disposal to give you any information about our solutions.