Retail TouchPoints

JANUARY 1, 2024

As a result, they’re ramping up their use of physical and visual deterrents — often in the form of locked cases — in the hopes that hardening targets will remedy the issue. This is particularly true when using solutions that rely on cases, locks and other physical barriers, as they may have unintended consequences.

Loss Prevention 253

Loss Prevention Checkout Point of Sale Location 253

Retail TouchPoints

JUNE 16, 2021

The initial implementation will put AI and machine learning technologies in place to assist staff with enhanced demand forecasting, inventory optimization and creating personalized customer experiences. The partners also plan to launch a Data and AI Academy in Paris to accelerate their expertise and innovation in the field.

Customer Experience 251

Customer Experience Planning Management ATS 251

Retail TouchPoints

FEBRUARY 15, 2023

Google Cloud and Accenture are expanding their strategic partnership with a series of new initiatives to help retailers modernize their businesses and transform store operations. Use cases for the initiative could include everything from product discovery to brand loyalty to regulatory compliance. Current customer Albertsons Cos.

Merchant Services 282

Merchant Services Markdowns Store Operations Planning 282

Retail TouchPoints

JULY 10, 2023

Startups including Fashable and Verneek are generating unique use cases of generative AI for retail. These first movers near universally are noting the gigantic opportunity to transform their business, from operations to customer relations and retention. Another use case for AI models is to determine customer sentiment.

Merchant Services 277

Merchant Services Customer Retention Shipping Marketing 277

Inside Retail

NOVEMBER 15, 2021

One of the business’ main targets is the Chinese market, with plans to grow Showroom-X’s live streaming capabilities aimed squarely at reaching the Chinese consumer. Creative director Kelly Atkinson recently told Inside Retail that the demand for Australian fashion is “enormous” in China , and is mostly untapped.

Fashion 246

Fashion Marketing Planning Consumer 246

Retail TouchPoints

APRIL 18, 2022

Supply chain teams are often expected to meet ambitious KPI targets that are critical to the health of the entire business. So why should these teams expand their focus to consider markdown planning in addition to their already full slate of targets? Managing retail supply chains is complicated, heads-down work.

Markdowns 240

Markdowns Dead-Stock Grocer Location 240

Retail Focus

JULY 5, 2022

Due to the heavy demands of retail space, retail design is getting more lucrative and highly sought. The first step to starting a career in retail design or any other business is collecting your thoughts and organizing them. Create A Business Plan. Brand Your Business. Let’s get started. Organize Your Ideas.

Accounting 227

Accounting Planning Advertising Brand Management 227

Retail TouchPoints

JUNE 7, 2023

They can start by learning about the kinds of claims the FTC plans to investigate, the established use cases for AI and ML in ecommerce, and how to safely evaluate these technologies to determine which ones are a boon to their business and which are bogus. What are some of the Established Use Cases for AI and ML in Ecommerce?

Marketing 248

Marketing Advertising Customer Experience Consumer 248

Retail TouchPoints

JULY 14, 2023

Although the impact of ChatGPT and other generative AI tools and plug-ins is yet to be established, these capabilities are being considered a driving force behind how many businesses will gain a competitive advantage. This involves inputting key words that can result in a dead link or generating unwanted products in some cases.

Fulfillment 220

Fulfillment Dead-Stock Customer Experience Inventory Management 220

Retail TouchPoints

OCTOBER 31, 2022

Profitability in large part demands that schedules be kept. When supply chain issues challenge this factor by failing to deliver on deadlines, business begins to break down. Businesses seeking to navigate the current supply chain climate can utilize diversification to increase their options and their flexibility.

Supply Chain Management 256

Supply Chain Management Location Planning Management 256

Inside Retail

AUGUST 10, 2023

With customers demanding more sustainable products, retail businesses are starting to explore and use more environmentally friendly materials in their supply chains, and in some cases, they’re even investing in the research and development to create their own. Brands are going green.

Fashion 246

Fashion Shipping Planning Management 246

Inside Retail

NOVEMBER 14, 2023

As consumers constantly chase ‘the next best thing’ brands and retailers are realising more than ever the importance of accurately predicting demand and getting new products to market in as short a time as possible. Visual boards allow teams to make instant decisions on business-critical issues within the actual interface,” explains Jones. “By

Marketing 130

Marketing Planning Apparel Consumer 130

Inside Retail

APRIL 24, 2024

Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. Certainly there has been quite a lot of volatility in the retail sales numbers post-covid, indicating that the government tinkerers are not so busy as they once were trying to smooth them out.

Consumer 147

Consumer Accounting Planning Promotions 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. Following are recaps of some of the most pertinent presentations.

Merchant Services 263

Merchant Services Payment Services Promotions Location 263

Small Biz Trends

MAY 12, 2022

However, in order to take advantage of these opportunities, companies first need to know how to manage the unpredictable, and overwhelming impact of demand volatility. If the pandemic showed us anything, it was that countless companies are drastically underprepared to deal with sudden changes in demand. Step 2: Find the Right Partners.

Fulfillment 131

Fulfillment Planning Management ATS 131

Retail TouchPoints

APRIL 30, 2024

With so many venues, and sports stadiums in particular, seeing the impact, the soon to be unveiled Intuit Dome plans to deploy 45 autonomous stores throughout the arena. This has so far been extremely useful for retailers to manage inventory and monitor products in cases of shoplifting. And it’s not just helping consumers.

Checkout 191

Checkout Customer Experience Merchandise Store Consumer 191

Wiser

JUNE 5, 2023

As a small business owner, managing supply chain issues is nothing new. Because smaller retailers cannot always order in bulk or far in advance like many larger retailers do, any supply chain disruptions are often felt faster and stronger by small businesses.

Management 147

Management Drop-Shipping Shipping Supply Chain Management 147

Retail TouchPoints

AUGUST 23, 2021

A lasting effect of the pandemic is that it’s increased customer demand for more options and raised expectations for more personalized experiences. To meet these demands quickly and seamlessly, the technology behind the scenes matters. As devices and use cases change, everything needs to be able to evolve together.

Payment Services 264

Payment Services Location Customer Experience Management 264

Inside Retail

SEPTEMBER 19, 2022

It has opened three stores in the last 18 months and is looking to enter the New Zealand market next year, as demand for ethical products grows. We are seeing high demand for fine jewellery pieces, such as tennis bracelets and diamond studs, that were once very much on the wish list, but may not have been attainable for most.

Consumer 246

Consumer Planning Shopping Marketing 246

Retail TouchPoints

JUNE 6, 2022

As grocers around the world work furiously to meet consumers’ demand for delivery without breaking the bank, Chinese online grocer Missfresh looks to have a winning model. A pioneer in on-demand, hyper-localized delivery, Missfresh averages a nationwide delivery time of 36 minutes for everything from pantry staples to fresh seafood. .

Grocer 289

Grocer Inventory Turnover Fulfillment Shopping 289

Retail TouchPoints

OCTOBER 11, 2023

With the holidays quickly approaching, retailers will need to increase their staff to meet the surge in demand — but as the data shows, they’re already struggling to keep a full staff on a normal day. His expertise lies with workforce management strategic planning across multiple business sectors with an emphasis on retail.

Management 274

Management Location Accounting Planning 274

Retail TouchPoints

SEPTEMBER 23, 2022

In internal fulfillment, the business handles the complete process of storing, packing and shipping. That way they can focus on their core business and also, they don’t have to invest in the expensive inventory and logistics software that 3PL companies are using. But maybe this is not the best solution for all businesses.

Fulfillment 315

Fulfillment Shipping Inventory Management Management 315

Retail TouchPoints

OCTOBER 25, 2023

Check out the Retail Strategy & Planning Series on-demand. Offering excellent customer service is a business basic at any time of the year, but it’s particularly vital during the holiday season. Our employees are our customers too, in almost all cases, and their expectations have risen as well,” said Walker.

Customer Experience 317

Customer Experience Returns Checkout Shopping 317

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. The software essentially helps brands understand what demand will be.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail TouchPoints

MARCH 3, 2021

Since on-demand manufacturing emerged about a decade ago, it has been gradually picking up steam. Driven by the explosive growth of ecommerce and shifting consumer preferences, on-demand, also known as cloud manufacturing, is now poised to revolutionize the supply chain industry. 4 Ways On-Demand Manufacturing can Benefit Your Brand.

Finance 185

Finance Apparel Accounting Consumer 185

Retail TouchPoints

JANUARY 13, 2023

With my background in business and economics, here’s what I would recommend for boosting your top line and bottom line this year. Visual AI can also be leveraged to boost text search, enrich product data with detailed attributes and drive inventory efficiency to improve your business metrics. How to Maximize Your Top Line in 2023 .

Returns 277

Returns Consumer Inventory Management Customer Experience 277

Inside Retail

MAY 10, 2021

How can automation be used in periods of unexpectedly high demand? (Eg When Covid-19 was at its worst in Australia (around March-April 2020), grocery store shelves were stripped bare, and it looked like we didn’t have enough product to keep up with increased demand. Eg the e-grocery industry during the Covid-19 pandemic).

Fulfillment 246

Fulfillment Grocer Marketing Planning 246

Inside Retail

JANUARY 17, 2023

The modular, orange and white office pods can be booked in 15-minute increments for $15 an hour, and contain a range of features – including private and secure Wi-fi, charging and power points and, in some cases, a table with seating for up to four people. He explains that the hybrid working model has been the fuel to get the business going.

Shopping 243

Shopping Location Planning Returns 243

Inside Retail

MARCH 7, 2023

We recently spoke with Li about the biggest opportunities and challenges facing the business now. Notably, we’ve had to expand the team to meet the demands of our growing business, and that’s been a challenge in the current market. IR: How did you adapt the business to get through the pandemic?

Planning 130

Planning Marketing Returns Shopping 130

Inside Retail

JUNE 15, 2021

India’s antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc’s Flipkart, as it intensifies scrutiny of big-tech firms, two people close to the matter said. The comments come as major U.S. The investigation “will be expedited”, the person said.

Payment Services 130

Payment Services Planning Promotions Marketing 130

Rangeme

APRIL 22, 2024

Growing your business to a household name is the dream of every entrepreneur. However, achieving this level of recognition requires more than just ambition; it demands strategic planning, resource allocation, and often, significant financial investment. Access to capital isn’t always easy to come by, however.

Payment Services 52

Payment Services Finance Promotions Marketing 52

Inside Retail

JULY 14, 2021

Roxo, a wheeled device which recently made its debut in Japan, is a delivery robot designed to travel on sidewalks and along roadsides, aimed at safely delivering smaller packages to customers’ homes and businesses locally on the same day. Preet said the pandemic has accelerated digital adoption for consumers and businesses alike.

Shipping 246

Shipping Consumer Fashion Management 246

Retail Focus

SEPTEMBER 7, 2021

Ben Balfour, Business Operations Director at Advanced Supply Chain Group , shares top tips about how retailers can prepare their supply chains for a Black Friday and Christmas sales surge. Ben Balfour, Business Operations Director at Advanced Supply Chain Group. 3) Scale up scenario planning. 3) Scale up scenario planning.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Inside Retail

DECEMBER 13, 2023

Australian brands appear to be in demand in global retail, attracting substantial interest from both domestic and international investors, who have splashed out huge dollar sums to acquire some of the country’s most successful businesses. Zimmermann has been around since 1991 and Aesop since 1987.

Beauty and Health 246

Beauty and Health Marketing Management Consumer 246

Retail TouchPoints

APRIL 7, 2023

Many shoppers are cutting back their spending under the weight of more than a year of inflation, but there’s still good news for the luxury industry — 62% of its shoppers plan to spend the same or more on luxury in the next three months compared to the last three months , according to Saks Fifth Avenue ’s Saks Luxury Pulse survey.

Marketing 258

Marketing Fashion Consumer Planning 258

Inside Retail

APRIL 25, 2023

In our recent report , we asked loss prevention managers the most common tactics used, and the most common are still very simple tactics that require no planning,” Townsley said. I think it’s the case where [retailers] really didn’t think shoplifting would increase with self-checkout, but it’s made it really easy.”

Loss Prevention 244

Loss Prevention Checkout Department Stores Planning 244

Retail TouchPoints

JUNE 15, 2021

One key challenge that retailers must address is making sure they know where product is in their business before they promise it to consumers or store managers. Demand, Not Supply Chains. What steps do retailers need to take to secure product and supply chains as we move toward a post-COVID world? Know Where Your Product is.

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Drop-Shipping Fulfillment Returns Consumer 221