Inside Retail

MARCH 7, 2024

billion apparel industry in Australia. Despite a slight dip in 2020, the global apparel market is set to grow to about US$2 trillion by 2028, from US$1.79 Locally, women’s apparel represents the largest segment with an estimated market volume of US$11.86 billion; the men’s apparel market is about half of that, worth US$6.35

Boutique 130

Boutique Apparel Fashion Wholesale 130

Retail TouchPoints

APRIL 14, 2021

Stitch Fix Founder and CEO Katrina Lake will step down from the helm of the apparel subscription service on August 1, 2021, and current President Elizabeth Spaulding will move into the top role. Lake will transition to the role of Executive Chairperson of the Board, focusing on Stitch Fix’s social impact efforts.

Inventory Management 174

Inventory Management Apparel Shopping Management 174

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. Amazon’s done this before… just not for apparel. The goal is an Everything Apparel Store IRL. The King of Ecommerce is no stranger to brick-and-mortar — far from it.

Payment Services 209

Payment Services Apparel Inventory Management Department Stores 209

Retail TouchPoints

DECEMBER 25, 2023

Multinational athletic apparel retailer Lululemon recently announced its net revenue increased 20% (on a constant dollar basis) to $2.2 Better inventory management means better business operations, period. People have been saying “Retail is dead” for several years now. The problem is it simply isn’t true.

Customer Experience 216

Customer Experience Dead-Stock Store Layout Point of Sale 216

Retail TouchPoints

FEBRUARY 25, 2022

That includes a large percentage of Nordstrom’s merchandise, such as apparel, accessories, home and gift products, baby gear, shoes and some cosmetics. Products that do not yet require RFID are mostly cosmetics, along with some household products and jewelry. .”

Drop-Shipping 253

Drop-Shipping Jewelry Shipping Inventory Management 253

Inside Retail

JANUARY 11, 2022

Retailers are now investing significant resources into logistics, deploying the latest inventory management systems, automating warehouses and hiring hundreds of hardworking staff in an effort to pick, pack and ship online orders as quickly as possible. The rise of e-commerce has had a major impact on retail supply chains.

Fulfillment 200

Fulfillment Shipping Inventory Management Location 200

Inside Retail

APRIL 17, 2023

A $275 billion dollar windfall In the next three to five years, generative AI could add $150 billion, conservatively, and up to $275 billion to the apparel, fashion, and luxury sectors’ operating profits, according to McKinsey & Co research. It has so far had little experience with generative AI – but that could soon change.

Fashion 245

Fashion Fast Fashion Returns Inventory Management 245

Retail TouchPoints

JANUARY 13, 2023

Adobe found that multiple categories saw significantly deeper discounts in 2022 than the previous year, including: Toys : 34% vs. 19% ; Electronics : 25% vs. 8% ; Apparel : 19% vs. 13% ; and. The top discount categories for the season as a whole included beauty, skincare and makeup with an average discount of 29%. Sporting Goods : 10% vs. 6%.

Promotions 226

Promotions Sporting Goods Jewelry Inventory Management 226

Inside Retail

FEBRUARY 23, 2023

Our efforts in Singapore will help to inform our strategies in the APAC market around diversifying the business across geographies, apparel categories and distribution channels,” Huisamen explained. Leveraging data and AI has also played a role in optimising promotions and improving inventory management.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail TouchPoints

JULY 20, 2020

While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retail market. Viewing Off-Price As A Partner. The emergence of off-price retail has changed the industry landscape.

Inventory Management 149

Inventory Management Apparel Fashion Specialty Store 149

Retail TouchPoints

JULY 12, 2022

Apparel is a bit tougher — it’s a lot harder to virtually fit a body than it is a face or a room — but that tech is coming along quickly. What’s more, while most users today still see AR as a “toy,” the study found that 76% of consumers want AR tools they can use in their everyday lives. Enter retail. Walmart acquired Zeekit in May 2021.

Apparel 358

Apparel Inventory Management Consumer Shopping 358

Inside Retail

NOVEMBER 27, 2023

AI-powered inventory management and demand forecasting Harnessing the power of artificial intelligence (AI) and machine learning (ML) has become an operational reality for retailer s, especially in the realm of inventory management and demand forecasting. It enables users to try on clothes virtually.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

I Vend

JULY 9, 2023

Mis-managed inventory – One of the fastest ways to hurt your business is ineffective inventory management, leading to an under- or over-supply.+ Sub-optimal customer experience – We know that a positive customer experience increases sales – by as much as 2% to 7%*.

Inventory Management 98

Inventory Management Checkout Customer Experience Management 98

Inside Retail

AUGUST 24, 2023

While the apparel market has been challenged, this is a far worse performance than average and represents a significant erosion of market share,” he said. Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. billion as its market share continues to erode.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Retail TouchPoints

SEPTEMBER 19, 2023

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

Store Operations 241

Store Operations Shipping Fulfillment Store Layout 241

Retail TouchPoints

FEBRUARY 20, 2023

For example, an apparel store specializing in athletic shoes may use RFID/NFC sensors to engage with a customer interacting with the product. Actionable data can also help retailers with inventory management across all locations.

Advertising 212

Advertising Sporting Goods Returns Inventory Management 212

Inside Retail

SEPTEMBER 20, 2022

As far back as 2016, we have been working with clients like Munro Footwear Group – one of Australia’s largest footwear distributors – to deliver omnichannel inventory management. We continue to work with numerous partners like Retail Apparel Group to analyse and implement last-mile fulfilment using stores and warehouses.

Fulfillment 147

Fulfillment Inventory Management Management Apparel 147

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. YOY growth this holiday season, whereas department stores will only see a 0.3%

Merchant Services 232

Merchant Services Payment Services Promotions Location 232

Inside Retail

FEBRUARY 29, 2024

Although we expect the fashion rental market may grow in 2025 and beyond, with key players’ revenues increasing, the profitability of fashion rental companies remains uncertain given that the sector still requires significant investment, especially for online apparel rental.”

Fashion 130

Fashion Payment Services Inventory Management Consumer 130

Retail TouchPoints

MARCH 18, 2021

Shoppers across demographics now routinely order their groceries online just as they already did their books, electronics, and apparel. Online grocery’s previously lethargic rate of adoption meant that grocers lagged other retail sectors in multichannel merchandising systems, customer data management and fulfillment technology.

Fulfillment 175

Fulfillment Grocer Inventory Management Customer Experience 175

Retail TouchPoints

JULY 18, 2023

To fulfill its mission of providing “Fun for All,” the retailer has implemented a localized merchandising strategy that spans a portfolio of leading national and private label brands across outdoor, apparel, footwear, and sports and recreation categories.

Outdoor 165

Outdoor Markdowns Apparel Fulfillment 165

Wiser

APRIL 7, 2020

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

Markdowns 128

Markdowns Inventory Management Drop-Shipping Apparel 128

Inside Retail

FEBRUARY 26, 2024

From March 6 to April 20, the fashion label will open the Paul Smith Clubhouse at Nordstrom’s New York City flagship, a retail takeover that will include cocktails and bites in addition to apparel. Everything from hiring staff to ensuring inventory management is trialed and the ideal staff-to-customer engagement is tested.

Retail Trends 130

Retail Trends Department Stores Fashion Inventory Management 130

Wiser

FEBRUARY 29, 2024

These operational hurdles not only impact revenue streams but also affect customer satisfaction levels, highlighting the importance of streamlined inventory management practices. Dynamic Pricing in Response to Market Trends Consumers may perceive minimal price differences less significantly than expected.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

Inside Retail

JULY 27, 2022

Among retail decision-makers, 70 per cent hold this view; the idea is even more prevalent among those in the specialty non-apparel space. New services and technologies were not necessarily executed in the best way due to the fast-paced nature of the implementations and are now inefficient from a cost and resource perspective.

Inventory Management 130

Inventory Management Returns Customer Experience Apparel 130

Inside Retail

JANUARY 23, 2022

According to the post, Amazon Style will offer women’s and men’s apparel, shoes and accessories from hundreds of popular and emerging brands, and include several innovative features, such as tailored, real-time recommendations.

Department Stores 130

Department Stores Checkout Inventory Management Fashion 130

Retail TouchPoints

JANUARY 25, 2022

4) Think Big: Improve supply chain and inventory management. Act small: Add a feature to your website allowing customers to search inventory availability in local store locations. retail consulting practice at dunnhumby, where she was on the leadership team managing the Macy’s account.

Management 240

Management Marketing Customer Experience Inventory Management 240

RETAIL MANAGEMENT SOFTWARE

APRIL 12, 2022

Inventory management. Inventory management plays a crucial role in improving retail profit margins. This information can then be used to control inventory, forecast demand, etc. Retailers can also use purchase history information to create coupons or deals to increase their sales within a given time frame.

Planning 89

Planning Inventory Management Point of Sale Operating Expenses 89

RETAIL MANAGEMENT SOFTWARE

AUGUST 18, 2023

While some sectors, notably the apparel industry, stand to benefit from these trends, other segments, such as consumer electronics, might encounter fluctuations in sales. Predictive Analytics for Inventory Management Avoid stockouts and overstocking by using predictive analytics to manage your inventory effectively.

Inventory Management 67

Inventory Management Promotions Payment Services Returns 67

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Retail TouchPoints

MAY 30, 2023

Additionally, because the weather can affect consumers’ purchasing psychology, particularly in terms of apparel, retailers can use AI- and machine learning-powered tools to incorporate weather forecasts into inventory and merchandise allocation planning. Want to Expand Back-to-School Shopping Baskets?

Shopping 231

Shopping Consumer Planning Inventory Management 231

Retalon

AUGUST 22, 2023

It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Small Biz Trends

JUNE 25, 2022

Trademarked Amazon US FBA Workout Apparel. This Trademarked Amazon US FBA Workout Apparel business generates 98% of its revenue from Amazon. The products are the highest quality in the category with an activewear brand utilizing a trade secret technology to offer unique workout apparel with only a 6% return rate.

Drop-Shipping 94

Drop-Shipping Apparel Finance Specialty Store 94

Retail TouchPoints

NOVEMBER 29, 2023

I have one [mall] by me that used to mainly be apparel retailers. These investments have evolved and expanded as developers strove to create a more seamless experience for consumers and tenants alike; for example, Simon Properties has partnered with Dropit to bring omnichannel inventory management and fulfillment capabilities to its tenants.

Shopping 232

Shopping Kiosk Consumer Fulfillment 232

Retail Times

MARCH 30, 2021

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Not ready for a full retail management solution? Consider creating an inventory management system in Excel. Choosing an Inventory Management System for Your Retail Business: A Buyer’s Guide.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Retail TouchPoints

JULY 29, 2020

While the name Burton is almost synonymous with the snowboards the company began making in 1977, Burton has diversified over the years into new categories — including surfboards, apparel, goggles/optics and other sports gear — as well as expanding beyond manufacturing into direct-to-consumer (DTC) retail, both physical and digital.

Planning 249

Planning Wholesale Customer Experience Store Operations 249

M19 Retail

DECEMBER 9, 2022

Mi9 Retail is a retail software platform that enables retailers to automate and optimize their merchandise management, store operations, retail analytics, and eCommerce. 5 – Apparel Vendor Leaders. #7 Health crisis: what impact on supply management in points of sale? 7 – Mid-Size Vendors. #7

Merchant Services 40

Merchant Services Department Stores Point of Sale Apparel 40