TUCSON, Ariz. — What’s the biggest challenge in retail this year?
At the Global Retailing Conference held at the Loews Ventana Canyon resort here last week, retail, e-commerce and apparel executives from the likes of Macy’s Inc., One Kings Lane, Iconix Brand Group, Costco Wholesale Corp., Bloomingdale’s, Tory Burch and more weighed in on that question. Against the backdrop of Ron Johnson’s aborted reinvention of J.C. Penney Inc. and persistent worldwide economic concerns, their answers touched upon Millennials’ buying power, the push for global expansion, the surge in mobile device usage, leveraging big data and improving inventory management.
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