Retail TouchPoints

NOVEMBER 17, 2023

The letdown customers experience when their orders don’t arrive on time, or at all, results in uncertainty and distrust that’s difficult — if not impossible — to remedy. Retailers can expect that customers will turn to other vendors; once this happens, they’ve lost both the sale and the customer’s trust and loyalty.

Customer Experience 237

Customer Experience Inventory Management Fulfillment Inventory Turnover 237

Retail Gazette

FEBRUARY 22, 2024

Artificial Intelligence (AI) is revolutionising the retail industry, fundamentally changing how businesses operate and interact with customers. With the integration of AI-powered technologies, retailers can enhance customer experiences, optimise operations and drive revenue growth.

Inventory Management 120

Inventory Management Checkout Inventory Turnover Promotions 120

Inside Retail

NOVEMBER 14, 2023

Behind this initiative was the vision of increasing exposure and customer engagement for partner brands, while offering consumers premium products at more accessible prices. “It It facilitates wider brand reach, quicker inventory turnover, and direct engagement, thereby fostering increased brand loyalty.

Inventory Turnover 130

Inventory Turnover Fashion Shopping Consumer 130

Retail Focus

AUGUST 8, 2023

Inventory Management Efficiently managing inventory is essential for meeting customer demands while minimizing carrying costs. Outsourcing inventory management to experts can optimize stock levels, monitor product trends, and ensure timely replenishments.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

I Vend

SEPTEMBER 10, 2023

This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit. It will help to manage loyalty for example, so that your customers are recognised and rewarded in the same way no matter how and where they shop.

Point of Sale 111

Point of Sale Inventory Turnover Management Inventory Management 111

Retalon

AUGUST 5, 2020

Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Stock-outs result in lost sales and degrade the customer experience.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

FEBRUARY 15, 2022

Customer experience. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers. Advanced analytics ensure your stores have the product your customers want when they are ready to buy. Increased inventory turnover.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41