article thumbnail

Tackling rising returns: how to improve efficiency while enhancing customer experience

Retail Gazette

The beginning of the year is traditionally a peak period for returns and 2024 has been no exception, with retailers experiencing a surge in unwanted items being sent back. The trend is being driven by several factors, including the cost-of-living crisis, with returns volumes increasing notably.

article thumbnail

It’s Official – Amazon is an Ecommerce Enabler First and a Retailer Second

Retail TouchPoints

Here’s a look at how Amazon is moving even further away from the domain of retailer with the debut of new services in supply chain management, shipping, banking, market research, product development, inventory management and more. Now qualified sellers can borrow more, up to $5 million.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Excess Inventory: The Losers And Wieners

Retail TouchPoints

Every business has to manage excess capacity and/or inventory: restaurants have excess food and empty tables; hotels and homeowners have vacant rooms; retailers have overstock and returns. Inventory levels will be further exacerbated by a spike in returns. Applying Marketplace Dynamics To Excess Inventory.

Apparel 278
article thumbnail

Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return.

article thumbnail

The Best Mother’s Day Gift for Mompreneurs

Retail Smart Guys

And now, it’s time to return that love by making things easy for them, especially if they are in the independent retail business industry, occupied with administrative tasks while also being a hands-on mother. It’s a time to celebrate the incredible love and sacrifices our mothers have shown us throughout our lives.

article thumbnail

Why outsourcing employees could be the key to surviving the next disruption

Inside Retail

We’re returning to growth as an economy, but the supply side of employees isn’t growing,” McRitchie said. “[But This is key to the business’ success, as well as the success of outsourcing teams in general, especially with the lack of international talent entering Australia at the moment due to shuttered borders.

article thumbnail

Best Accounting Software for Small Business

Small Biz Trends

As a small business owner, you need to stay on top of finances and related paperwork. But as your business grows, you may find it difficult to manage all your financial reports. Small business accounting software is a powerful tool that enables business owners to have complete control over their finances. Inventory management.