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FedEx Plans $1 Billion in Cuts as Demand Falls

Retail TouchPoints

FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2 2023, which ended Nov. The reductions will add to cost-cutting measures announced in September to bring FedEx’s total fiscal savings plan for 2023 to $3.7 FedEx had expected revenue of $23.7

Planning 279
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What other retailers can learn from The Iconic’s approach to warehouse tech

Inside Retail

From robotics to artificial intelligence (AI), Warehouse Management Systems (WMS) to the internet-of-things, the vast majority of organisations either have, or are planning to install automation technology in their supply chain in 2023. In this digital era, data is the currency that drives success.

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“I’m an accidental retailer”: How The Iconic’s Erica Berchtold got her start

Inside Retail

The accidental retailer A naturally curious person who loves talking to strangers, Erica Berchtold was planning to become a journalist when fate intervened. “I The Iconic also launched autonomous mobile robots (AMRs) in its Yennora fulfilment centre, increasing its capacity and speeding up its already fast processing times significantly.

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E-commerce pioneer Mark Coulter on diversity, innovation and growth

Inside Retail

Coulter co-founded Temple & Webster in 2011 and was made CEO in 2016. Before taking this entrepreneurial leap, he worked as director of digital strategy for News Corp and spent over 10 years in strategy consulting and corporate management roles, including at McKinsey & Co.

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GameStop’s Strategy, What You Need to Know

Indigo 9 Digital

GameStock’s revenues reflect this shift with sales peaking in 2011 at $9.6 In addition to adding new talent, last year GameStop announced it is opening new fulfillment centres in Nevada and Pennsylvania to have more inventory available to fulfill online orders as well as to get merchandise to customers faster.

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Best Online Fashion Marketplaces: 10 Giants with Utmost Features

I Love Fashion

Its fulfillment fee is about 8%. Setup, organizing & managing- access from anywhere The most-effective benefit online fashion marketplaces offer for its seller is convenience. From starting, organizing, and managing to delivery, everything can be done from anywhere you live or even if you shift. million sellers.

Fashion 52
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Hy-Vee gives executives new leadership roles

Mass Relators

Van Gundy will also serve as the chief administrative officer for the company, which includes oversight of human resources, government relations, community relations, communications, customer care, DEI initiatives, risk management, training and education, and food safety. Jeremy Gosch. Donna Tweeten. Aaron Wiese.