Retail Next

OCTOBER 3, 2019

Whatever the size of your retail business, inventory management is crucial to controlling your supply chain. Whatever systems you have in place to manage your inventory and minimize loss, it is always a good idea to be thinking about how you can improve upon them. Primary among them is inventory management software.

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Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

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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.

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Retail TouchPoints

OCTOBER 27, 2022

enter new geographies and develop its store and inventory management software application suite, StoreOS. Trigo’s solution is designed to help supermarkets create a “digital twin” of the store using feeds from ceiling-mounted cameras and shelf sensors.

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Checkout Inventory Management Supermarket Finance 289

Retail TouchPoints

SEPTEMBER 14, 2023

The youth fashion and lifestyle brand is tapping Cart.com ’s logistics expertise and order and inventory management capabilities to support all its U.S. fulfillment operations. Like many retailers, Pacsun is focusing on efficiency — and that means getting products to customers as quickly and easily as possible.

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Retail Pro

NOVEMBER 24, 2021

The struggle is real for customers hoping to take some of the legwork out of shopping by researching products online before heading to a store – only to make the drive and discover the product they decided on isn’t available, … Continue reading → The post 6 Ways to connect your physical and digital store operations for better omnichannel (..)

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Retail TouchPoints

JANUARY 14, 2021

“We are always looking for ways to enhance the in-store experience for our team members and guests,” said Brian Ferguson, Chief Merchant for Pilot Company in a statement. The 4R Systems solution will build on our existing inventory management processes to simplify store operations and dramatically improve our in-stock position.

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Supply Chain Management Management Merchant Services Inventory Management 230

Retail TouchPoints

MAY 30, 2023

Bouclair has rolled out a new POS platform in its 54 stores across Canada. The PredictSpring solution includes both stationary and mobile POS applications along with clienteling, omnichannel commerce and inventory management capabilities.

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Home Furnishings Clienteling Inventory Management Fulfillment 296

Retail TouchPoints

JANUARY 13, 2023

Lululemon is in the process of rolling out a cloud-based RFID inventory management solution to its 600+ stores globally that will help the retailer optimize its in-store product assortments.

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Inventory Management Fulfillment Planning Management 289

Retail TouchPoints

DECEMBER 5, 2022

“Despite the transitory cost headwinds that continue to pressure our bottom line, our transformation work is driving improved results versus the pre-pandemic period as we make progress against our product, inventory management, supply chain and IT systems and infrastructure initiatives.”.

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Retail TouchPoints

JULY 17, 2023

Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. Customers use the transmitted data to ensure their goods are safely transported and the delivery complies with healthcare industry regulations.

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Payment Services Checkout Inventory Management Customer Experience 246

Retail TouchPoints

AUGUST 14, 2023

This change is necessary to provide the real-time data that powers the robots and automation tools that are central to retailers’ inventory management. For example, grocery retailers have made infrastructure changes in their warehouses and microfulfillment centers by upgrading network connectivity in these facilities.

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Retail TouchPoints

SEPTEMBER 16, 2022

In contrast Liverpool’s shares rose 10% since the start of the year, and it posted double-digit revenue growth for Q2 2022 due to good inventory management and a better mix of products. Higher gas and grocery prices also have taken their toll on Nordstrom’s share price, which has fallen 19% since the start on 2022.

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Retail TouchPoints

JANUARY 11, 2024

That includes POS systems that can manage both merchandise and menu items, as well as inventory management software that once only had to track the latest fashion trends and are now being used to ensure fresh ingredients are in stock for the lunch rush.

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ATS Wholesale Inventory Management Fashion 275

Retail TouchPoints

MARCH 16, 2023

Other companies implementing similar technology include: Sam’s Club , which rolled out automated floor-scrubbing and shelf-scanning robots to its stores over the course of 2022 through a partnership with Brain Corp and Tennant Company; Kum & Go , which is in the process of introducing ICE Cobotics’ Cobi 18 floor-cleaning robotics across its locations, (..)

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Retail TouchPoints

FEBRUARY 23, 2023

In addition, we continued to be disciplined in our expense and inventory management.” “Our customer base responded well to our holiday season, in part powered by our loyalty program, which now exceeds 33 million members.

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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.

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Wiser

DECEMBER 4, 2023

On top of this, insufficient retail monitoring could lead to ineffective inventory management. Employee Feedback: Encouraging employees to share observations and suggestions about store operations and customer behavior. This efficiency inevitably leads to increased sales and revenue.

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Inventory Management Promotions Visual Merchandising Management 146

Retail Focus

FEBRUARY 12, 2024

These connected devices can collect and analyze data in real time, offering insights into customer behavior and store operations. Operational Excellence Through IoT The Internet of Things is playing a pivotal role in streamlining store operations. However, the potential extends beyond inventory management.

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Kiosk Store Operations Inventory Management Boutique 130

Small Biz Trends

DECEMBER 6, 2022

It comes with its own card reader and offers additional features such as payroll, inventory management tools, sales data, and more. Paypal Zettle includes various key POS features, including payment processing, sales data, inventory management, and more. POS Systems for Inventory Management. Brilliant POS.

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Point of Sale Payment Services Merchant Services Inventory Management 115

Retail TouchPoints

FEBRUARY 27, 2024

This article delves into the evolving threat landscape, examining the impact of these disruptions on retail operations and exploring proactive measures for safeguarding businesses, customer data and reputations.

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Payment Services Wholesale Store Layout Inventory Management 278

365 Retail

OCTOBER 8, 2023

The focus is on digitising key elements of the industry’s life cycle, including customer interactions, store operations, inventory management, and product development. This move towards generative and conversational AI is a component of Mango’s broader technological overhaul.

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Inventory Management Fashion Store Operations Management 104

Retail TouchPoints

FEBRUARY 10, 2022

Leite’s experience on the show not only amplified her “people-first” leadership philosophy, but also prompted a number of investments to address problems she uncovered while undercover, including: $500,000 on product education for store associates, known as Health Enthusiasts; $1.5 million on inventory management solutions; $1.2

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Retail TouchPoints

AUGUST 11, 2020

In the retrofitted stores, Standard Cognition will integrate its technology with existing Circle K systems and work with the retailer’s current store layout, fixtures and lighting, as well as existing inventory management and replenishment processes.

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Retail TouchPoints

FEBRUARY 25, 2022

“By improving inventory management through RFID technology, both retailers and suppliers can aim for increased sales due to a more accurate supply chain,” said Michael Brown, President of Pax Tag & Label. .” For those acquiring RFID products, FineLine says it will offer 48-hour turnaround times on RFID products.

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Retail Minded

APRIL 3, 2024

Getting To Know Store Operations Every retail store has its own perks, and operational efficiency is an important part of the success. But not every strategy should be implemented, while some of the store operations might surprise you of how potent they are. There are always new tools you can try out.

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Retail Gazette

SEPTEMBER 29, 2023

Retailers would benefit from more technology to help improve inventory management processes, labour scheduling, and general store operations, and artificial intelligence (AI) could be deployed for each of those needs, as well as being used for trend spotting that can aid wider business planning.

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Inventory Management Management Store Operations Consumer 107

Retail TouchPoints

FEBRUARY 11, 2021

The technology refresh is being accompanied by a $250 million investment in the 450 of its stores that generate 60% of the company’s revenue.

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Inventory Management Space Planning Fulfillment Planning 173

Retail TouchPoints

MAY 14, 2021

Shively brings more than 25 years of retail experience in merchandising, product development and inventory management to the position. She most recently served as SVP, General Merchandise Manager for JCPenney ’s home division, where she was responsible for overseeing its merchandising strategies for home product categories.

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Retail TouchPoints

FEBRUARY 17, 2021

The system uses no facial recognition and lets shoppers remain completely anonymous, and is designed to be installed in existing stores without making any changes to layout, shelving, lighting or inventory management processes.

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Retail TouchPoints

JULY 29, 2020

After investigating multiple solutions over a period of months, Burton selected the NewStore Omnichannel Platform, which provides mobile POS through iPhone apps and gives personnel on the retail floor visibility into customer, product and inventory data. That’s why we feel we’re in a really great position right now.

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Retail TouchPoints

MAY 3, 2023

Incorporating digital showrooms can support in-store inventory management and a more seamless omnichannel experience for customers as well. Leveraging AR and VR technology can allow customers to virtually test or try on products before purchasing to reduce their carbon footprint.

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Visual Merchandising Consumer Inventory Management Customer Experience 278

Retail TouchPoints

FEBRUARY 21, 2023

Better communication between in-store staff, store managers and supply chain personnel via 5G devices will allow for responding to customer queries. 5G-enabled tools can allow for order picking and inventory management. Connected devices also allow for personalization and improved customer service.

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Sporting Goods Payment Services Shrinkage Point of Sale 264

M19 Retail

OCTOBER 17, 2023

Alterra, known for its commitment to providing exceptional outdoor experiences, sought to enhance its retail operations across multiple facets as well as to centralize systems across all their resorts. This will result in improved stock accuracy and a more efficient supply chain across 10+ resorts and 140+ retail locations.

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Retail TouchPoints

FEBRUARY 22, 2021

The investor group claims to have “identified significant opportunities to generate improvements in sales and margins through changes in merchandising, inventory management, customer engagement and expense rationalization, as well as the potential to unlock $7 to $8 billion of real estate value trapped on the company’s balance sheet.”

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365 Retail

MAY 4, 2023

The roll-out involves 400+ Lindex-stores across the Nordics, the United Kingdom, and Eastern Europe. As part of the deployment, Nedap will provide Lindex with its iD Cloud platform to help streamline its inventory management and enhance the customer experience.

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Wiser

JULY 31, 2023

The more complicated the instruction, the more likely a store employee is to make a mistake or arrange something incorrectly. By implementing these strategies, brands can ensure their product display aligns with their strategic goals, leading to improved store operations and increased sales.

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