What is Agile Retail in Retail? Explained

Agile retail is an adaptive approach that draws inspiration from agile methodologies in software development. In the retail context, it involves embracing flexibility, quick responsiveness, and iterative processes to meet the rapidly changing demands of the market and consumers. Agile retail focuses on empowering cross-functional teams, fostering collaboration, and implementing rapid, incremental changes in strategies, operations, and technology. This methodology allows retailers to efficiently navigate uncertainties, respond swiftly to trends, and enhance overall agility in the dynamic and competitive retail landscape.