365 Retail

JUNE 8, 2022

But with great gains come great returns. In 2021, sorting out product refunds cost retailers an average of over £15,000 a month. Significant revenue gets lost when mass quantities of orders are returned, leaving retailers with a ton of inventory that is then discounted, liquidated, or even thrown out. In a store?

Returns 52

Returns Inventory Management Supply Chain Management Management 52

365 Retail

FEBRUARY 24, 2022

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. The post Supply chain confidence returning for retailers appeared first on 365 RETAIL | Retail Technology News.

Returns 78

Returns Inventory Management Shipping Management 78

Retail Focus

MARCH 29, 2022

Keeping pace with consumer trends and changing behaviours is key to the success of retail operations, particularly when managing the impact of current global events on supply chains to ensure they’re able to consistently meet demand. . Trying before buying’ will play a big part in contributing towards the growing volume of returns in 2022.

Consumer 211

Consumer Payment Services Inventory Management Returns 211

Retail TouchPoints

FEBRUARY 20, 2023

Actionable data can also help retailers with inventory management across all locations. If the customer needs more information or help, these systems are particularly good at alerting retail managers to know quickly that a customer service action is needed. Tyler Wells is the North American Sales Manager for MicroTouch.

Advertising 224

Advertising Sporting Goods Returns Inventory Management 224

Retail Focus

MARCH 15, 2022

56% of retailers think environmental activists pose a bigger risk of supply chain disruption this year than in 2021. A third (33%) had medium levels of confidence in supply chains returning to some level of normality. About the research: SAPIO Research surveyed 212 retailers nationwide in January 2022.

Inventory Management 130

Inventory Management Planning Returns Management 130

Retail TouchPoints

JANUARY 13, 2023

A better bottom line can be achieved by minimizing returns, leveraging user-generated content (UGC) and implementing smart forecasting solutions. Minimize returns. average ecommerce return rates jumped to 20.8% in 2021 with an estimated $761 billion worth of goods being returned. In the U.S.,

Returns 262

Returns Consumer Inventory Management Customer Experience 262

Retail TouchPoints

FEBRUARY 24, 2022

The company’s rapid growth tracks with the broader ecommerce boom: global ecommerce surpassed $5 trillion in 2021, and B2B ecommerce is expected to reach $20.9 In ecommerce only five things really, truly matter: the item and providing as much detail as possible; price; inventory management; order management; and finally, the customer.

ATS 253

ATS Inventory Management Management Returns 253

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. 5 Social Advertising Trends for Retailers to Know in 2021: Featuring Under Armour. Retail CX Trends 2021: New CX for a New World.

Consumer 138

Consumer Payment Services Fulfillment Advertising 138

A1 Retail

MARCH 18, 2022

One of the key actions we’ve seen from retailers who’ve best tackled the disruption of the last 24 months has been prioritising investment to overhaul legacy supply chain systems and off-the-shelf management programmes that don’t have the capabilities to react to a business’ individual needs. 1) Think data-first.

Management 52

Management Supply Chain Management Inventory Management Returns 52

Retail TouchPoints

JANUARY 20, 2022

In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines. With everything seemingly managed by the customer through the app, one wonders what exactly store associates will do, and indeed whether there even will be humans on-site.

Payment Services 221

Payment Services Apparel Inventory Management Department Stores 221

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Emphasizing BOPIS.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Inside Retail

MAY 24, 2021

In fact, the company was voted by Australian and NZ retailers as the Best Business Process Outsourcing (BPO) provider at the recently concluded National Online Retail Association (NORA) Awards 2021. We’re returning to growth as an economy, but the supply side of employees isn’t growing,” McRitchie said. “[But

Inventory Management 147

Inventory Management Finance Returns Management 147

Small Biz Trends

JUNE 5, 2022

These costs are now being passed on to average business lunch eaters, whose numbers have risen dramatically since we returned to work after the pandemic. in March 2021 to $10.32 The trend is causing problems for restaurant owners forced to raise their prices to cover increased costs. Burgers were up from $10.15 to $11.10, a rise of 9%.

Payment Services 136

Payment Services Inventory Management Shipping Returns 136

Retail TouchPoints

JULY 20, 2020

While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retail market. Technology has revolutionized the way brands manage their excess inventory. Viewing Off-Price As A Partner.

Inventory Management 149

Inventory Management Apparel Fashion Specialty Store 149

365 Retail

MARCH 14, 2022

56% of retailers think environmental activists pose a bigger risk of supply chain disruption this year than in 2021. A third (33%) had medium levels of confidence in supply chains returning to some level of normality. About the research: SAPIO Research surveyed 212 retailers nationwide in January 2022.

Inventory Management 52

Inventory Management Planning Returns Management 52

Retalon

MAY 11, 2021

Store performance dashboards give retail managers instant updates of metrics such as foot traffic, sales per employee, and attachment rates to help them supervise their store’s daily operations. Inventory management dashboards. Generic dashboards are particularly ineffective ways to manage retail performance.

Inventory Management 41

Inventory Management Promotions Shipping Management 41

Inside Retail

JULY 3, 2023

In developing this technology, Google is seeking to address a number of issues related to the online shopping experience, including customer dissatisfaction with clothing fit, and significant challenges related to returns and textile waste. billion in 2021, and forecasted to grow to $12.97 billion in 2028.

Fashion 130

Fashion Accessories Returns Visual Merchandising 130

Inside Retail

MARCH 23, 2022

According to Hutcheon, pure-play online retailers need around three times the amount of space as a regular retailer, especially with the high volume of product returns that come with the territory. Australian retailers are now far less likely to stock for “just in time” inventory management, now opting for “just-in-case” models.

Fulfillment 130

Fulfillment Inventory Management Returns Location 130

365 Retail

MARCH 29, 2022

Keeping pace with consumer trends and changing behaviours is key to the success of retail operations, particularly when managing the impact of current global events on supply chains to ensure they’re able to consistently meet demand. . Trying before buying’ will play a big part in contributing towards the growing volume of returns in 2022.

Consumer 52

Consumer Payment Services Inventory Management Returns 52

Retalon

SEPTEMBER 22, 2021

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers can reserve an item from an online inventory. Customers are able to view the item before purchase, minimizing returns.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

I Vend

SEPTEMBER 1, 2022

Retailers across the board are impacted by a scarcity of staff, a factor that will only be heightened in this coming recession by the ‘Great Resignation’ pandemic phenomenon in 2021. Online/offline integration – shoppers want the choice to shop via ecommerce solutions, brick and mortar, or a combination of the two.

Dead-Stock 98

Dead-Stock Payment Services Sporting Goods Inventory Management 98

Inside Retail

APRIL 13, 2022

So far, most of Una Brands’ acquisitions have been in the home and living category, which benefits from low return rates and levels of regulation and strong demand. Aus Post released a report about two weeks ago, which again showed that home and living was the fastest growing category in 2021, as well as in 2020.

Social Commerce 130

Social Commerce Inventory Management Marketing Brand Management 130

Retalon

APRIL 27, 2021

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. to optimize inventory for gross margins. Retail AI can apply this process when customers return their purchases. check out their story here).

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retail TouchPoints

OCTOBER 1, 2021

TD Bank projects that inflation will rise in the coming months, and the more inventory you have bought and paid for, the less you and your customers will be impacted by future price hikes. The most important aspect, from an inflationary standpoint, is inventory management for the customers now,” said Nemia. said Nemia.

Shipping 182

Shipping Payment Services Inventory Management Fulfillment 182

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. YOY growth this holiday season, whereas department stores will only see a 0.3%

Merchant Services 244

Merchant Services Payment Services Promotions Location 244

Nvidia

JANUARY 13, 2022

and “What happens to my margins if Susie Consumer purchases three of the same dresses online and returns two?”. Beyond addressing labor shortages, these autonomous stores provide live inventory management and prevent shrink. A Broken Supply Chain. Improving Logistics.

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115

I Vend

DECEMBER 8, 2021

As Christmas stories go, the one I am about to share is not quite as traditional as ‘A Christmas Carol’ or ‘It’s a wonderful life’, but as a story about shopping in 2021, it’s a really illustrative tale of the power of retail technology systems. iVend Digital Commerce iVend powers smooth and seamless customer experiences.

Shopping 52

Shopping Returns Inventory Management Customer Experience 52

Retail TouchPoints

OCTOBER 1, 2021

TD Bank projects that inflation will rise in the coming months, and the more inventory you have bought and paid for, the less you and your customers will be impacted by future price hikes. The most important aspect, from an inflationary standpoint, is inventory management for the customers now,” said Nemia. said Nemia.

Shipping 130

Shipping Payment Services Inventory Management Fulfillment 130

M19 Retail

DECEMBER 9, 2022

Valuable data such as return on investment, innovation, reliability, support, and customer satisfaction are collected and analyzed. Mi9 Retail is a retail software platform that enables retailers to automate and optimize their merchandise management, store operations, retail analytics, and eCommerce. About Mi9 Retail.

Merchant Services 40

Merchant Services Department Stores Point of Sale Apparel 40

Inside Retail

AUGUST 17, 2021

The 2021 State of Fashion report published by McKinsey showed that data captured in the past 18 months indicates fashion moved “five years forward in consumer and business adoption of digital in a matter of months”. Amid the upheaval in 2020, we were quick to adjust to circumstances. Farfetch epitomises the future of retail.

Fashion 130

Fashion Beauty and Health Apparel Accessories 130

Inside Retail

MARCH 17, 2022

Unified commerce is the new holy grail for retailers, promising previously unheard-of levels of customer insights and control over all elements of sales and inventory management. Buy online, return in-store. Smarter inventory management enabled by unified commerce allows stores to resell the item or return it to the warehouse.

Checkout 246

Checkout Drop-Shipping Payment Services Inventory Management 246

Small Biz Trends

JUNE 29, 2023

This guide aims to help small business owners or hiring managers attract highly competent candidates and establish a customer-centric culture within their teams. Working under the direction of a customer service manager, their collective goal is to achieve and uphold the company’s standards for excellent customer service.

Payment Services 75

Payment Services ATS Accounting Fulfillment 75

Retail Geek

NOVEMBER 9, 2023

Episode 313 is preview of Holiday 2023 with Rob Garf , Vice President and General Manager, Retail at Salesforce. 12:04] We saw that they actually return the product during cyber week cyber week last year 2022 at some of the highest. It’s happened again. One other by-product out of that is those that did by early. [12:04]

Beauty and Health 64

Beauty and Health Returns Apparel Consumer 64

Retail TouchPoints

JULY 15, 2022

After successfully implementing ship-from-store services, Build-a-Bear and Deck Commerce introduced buy online, pickup in-store (BOPIS) and buy online, return in-store (BORIS) services. The retailer also rolled out single-click capabilities for shipping labels, which made the returns process faster and easier for online shoppers.

Fulfillment 284

Fulfillment Shipping Inventory Management Location 284

Inside Retail

JANUARY 2, 2023

Pureplay online and bricks-and-mortar retailers both have an important role to play here in expanding the Aussie e-commerce ecosystem, bringing different skills to the table, from inventory management to customer loyalty programs. In 2021, B2B marketplace sales grew more than seven times faster than B2B e-commerce sales.

Shopping 264

Shopping Social Commerce Wholesale Specialty Retailers 264

Retail Geek

NOVEMBER 29, 2023

Episode 315 is a recap of Turkey5 (The five days from Thanksgiving through Cyber Monday) 2023 with Rob Garf , Vice President and General Manager, Retail at Salesforce. Consumers were patient, waiting for attractive deals, while retailers managed their inventory and discounting strategies well.

Merchant Services 69

Merchant Services Payment Services Consumer Shopping 69

Retail TouchPoints

JULY 27, 2021

consumers’ tremendous enthusiasm to get back to in-person shopping and experiences, notably with a 44% increase in foot traffic to stores, restaurants and entertainment venues since the start of 2021, that doesn’t mean they are going to leave behind all the omni habits they adopted during the crisis. And despite U.S.

Shipping 312

Shipping Fulfillment Inventory Management Customer Experience 312