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Vitamin Shoppe CEO Sharon Leite Went Undercover in Her Stores. Here’s What She Learned.

Retail TouchPoints

The episode was shot in early 2021 and aired on Jan. It’s now available on-demand , which makes this a good time to issue a spoiler alert: if you haven’t seen the episode yet but plan to, don’t read any further until you have. As Leite shares at the end of the episode, she plans to triple the company’s revenue over the next five years.

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Supply chain confidence returning for retailers

Retail Focus

Research data revealed 17% of retailers have low confidence in supply chains returning to pre-2020 levels of normality, with an additional 3% having no confidence and believing supply chains this year will experience similar disruption to that seen in 2021. About the research: SAPIO Research surveyed 212 retailers nationwide in January 2022.

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How to Build a Modern Supply Chain That’s Built to Last

Retail TouchPoints

For example, the global automotive industry lost $210 billion in 2021 due to a lack of semiconductor chips. A key reason automotive manufacturers were hit so hard was their over-reliance on just-in-time (JIT) inventory systems, in which raw materials arrive when production is scheduled to begin, leading to excess inventory upstream.

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How Retailers and Brands can Thrive amid High Inflation

Retail TouchPoints

At least 49% of consumers have purchased a product they didn’t plan to after receiving a personalized product recommendation. Just over a fifth of Gen Z and millennials say they’re planning to buy more second-hand clothing due to rising costs, and we may see this number continue to grow,” the report added. Minimize returns. In the U.S.,

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TD Bank Exec Recommends Retailers Build Up Inventory to Combat Inflation and Meet Current Customer Needs

Retail TouchPoints

Knowing the specific obstacles between you and the products you’re waiting for is the first step in figuring out a plan to work around shortages and rebuild inventory. For instance, if a certain item is being continuously backed up in ship and train containers, look for ways to get it shipped via air.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

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.

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#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

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.