Remove 2018 Remove Accounting Remove Customer Experience Remove Inventory Management
article thumbnail

Myer’s latest trading update is a testament to putting the customer first

Inside Retail

million and now account for 21.3 Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Over the last five years as CEO, King has been enacting his ‘customer-first plan’ which has re-established Myer as Australia’s 8th most trusted brand, according to Roy Morgan.

article thumbnail

4 Tips for Staying Ahead of Retail Competitors

Retail TouchPoints

To account for this rapidly evolving environment, savvy convenience retailers have focused on closing the gap between what consumers expect and what retailers can deliver. Outperforming your competitors in customer service is an effective way to gain new customers and retain their loyalty. Incentivize customer spend.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

However, instead of relying on individual store managers to navigate local purchases, corporate procurement teams can add value by organizing the effort, evaluating and sourcing local suppliers, negotiating best pricing and delivery options, and automating the process by using technology to simplify local inventory management.

article thumbnail

Vitamin Shoppe CEO Sharon Leite Went Undercover in Her Stores. Here’s What She Learned.

Retail TouchPoints

Since taking the helm of the nutrition and wellness retailer in 2018, Leite has introduced a broad range of initiatives aimed at reviving and growing the business. million on inventory management solutions; $1.2 RTP: How do you account for the outsized impact The Great Resignation is having on retail?

article thumbnail

The Global State of Autonomous Stores

365 Retail

The connected consumer seamlessly navigates across digital, physical, and social platforms, migrating from discovery to transactional experiences within seconds. Credit: Żabka Polska The Evolving Autonomous Store Technology, Concepts, and Capabilities Retailers have attempted to solve the friction-filled checkout experiences for decades.

article thumbnail

How retailers are optimizing and automating their business

Retalon

Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Retailers can leverage Predictive Analytics automation to integrate all elements of Inventory Management ( purchasing , allocation , replenishment ) with the rest of their business.

article thumbnail

How to Sell to Spendsetters: 1/3 of All Consumers

Retalon

By leveraging Retail Predictive Analytics for your business optimization and new technology for improving your customer experience. New Technology to Optimize Your Customer Experience. Yan Krupnik is the Business Development Manager at Retalon, the world’s leading provider of Predictive Analytics for retailers.