Retail TouchPoints

JANUARY 13, 2023

The 2022 holiday season showed slow, but steady, improvement for the retail industry. Adobe recorded full-year sales growth of 6.1% , largely driven by heavy spending early in 2022 that tapered off as inflation took its toll. As economic headwinds curbed spending capacity, online retail grew in the U.S. Global digital sales topped $1.1

Promotions 233

Promotions Sporting Goods Jewelry Inventory Management 233

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. Mastercard Spending Data Reveals 4 Key Takeaways for Holiday 2022.

Merchant Services 242

Merchant Services Payment Services Promotions Location 242

Retail TouchPoints

SEPTEMBER 22, 2022

Inflation and the threat of recession are defining aspects of the 2022 holiday season, but the potential bad news will do little to dampen a potentially successful — if not extraordinary — season. This change can be attributed to retailers pursuing better inventory management.

Promotions 232

Promotions Fulfillment Inventory Management Drop-Shipping 232

Retail TouchPoints

SEPTEMBER 16, 2022

Nordstrom reported a 12% sales increase for the quarter ended July 30, 2022 as customers updated their wardrobes and returned to events. However, like many retailers, it revised its outlook downward in the face of rising inflation — revenue growth for fiscal 2022 is now projected at 5% to 7% , down from 6% to 8%.

Inventory Management 238

Inventory Management Department Stores Returns Management 238

Retail TouchPoints

FEBRUARY 6, 2023

Key areas of focus will include driving profitable consumer traffic, enhancing inventory management, further advancing digital growth and evolving the value delivery model. Keith Melker Melker’s most recent position was CEO of Wehner Multifamily, a Texas-based property management company.

Inventory Management 241

Inventory Management Management Consumer Customer Experience 241

Retail TouchPoints

DECEMBER 5, 2022

million of liquidity available at the end of Q3 2022, including about $92 million of availability under asset-based credit lines, against nearly $1.8 million for Q3 2022, which ended Sept. The retailer had about $121.5 billion in debt. However, the retailer is still struggling on the sales side. Net sales were down 1.6%

Inventory Management 273

Inventory Management Shipping Management Marketing 273

M19 Retail

NOVEMBER 11, 2021

Making the Most of NRF 2022 Retail’s Big Show. JANUARY 16 – 18, 2022 | BOOTH #5706. LET’S MEET × Join us at NRF 2022! Schedule a meeting with our retail experts at NRF 2022 to understand how Mi9 Retail can automate and optimize your retail business with the best-in-class Merchandise Management platform.

Inventory Management 73

Inventory Management Point of Sale Management Consumer 73

Retail TouchPoints

NOVEMBER 20, 2023

External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022. Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management.

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Payment Services Sporting Goods Inventory Management Loss Prevention 311

Retail TouchPoints

SEPTEMBER 20, 2022

Walmart also has built out its inventory management capabilities at its U.S. stores through the August 2022 acquisition of Volt Systems , a solution provider that offers suppliers enhanced on-demand visibility into merchandising resources.

Location 292

Location Beauty and Health Inventory Management Customer Experience 292

Independent Retailer

MARCH 29, 2022

With 2022 around the corner, brands must act now to gain the competitive advantage and avoid being left behind. Brightpearl automates back end operations, from sales and inventory management to CRM and logistics, so that merchants can focus on growing fearlessly.

Social Commerce 82

Social Commerce Merchant Services Inventory Management Wholesale 82

V Count

SEPTEMBER 15, 2022

Lightspeed POS systems are great for established retail stores, as this system offers a highly detailed inventory management system as well as deep store analysis. Amazing inventory management system. Customer, store, and inventory management features. Best Retail-focused POS Systems in 2022.

Merchant Services 92

Merchant Services Payment Services Inventory Management Planning 92

Retail TouchPoints

FEBRUARY 23, 2023

billion for Q4 2022, which ended Jan. Net sales for fiscal 2022 decreased 4% year-over-year to $7.5 In addition, we continued to be disciplined in our expense and inventory management.” Bed Bath & Beyond reported net sales of $2.9 28, 2023, down 5% compared to Q4 2021.

Inventory Management 231

Inventory Management Management Store Operations ATS 231

V Count

SEPTEMBER 15, 2022

Lightspeed POS systems are great for established retail stores, as this system offers a highly detailed inventory management system as well as deep store analysis. Amazing inventory management system. Customer, store, and inventory management features. 8 Best Retail-Focused POS Systems for SMBs in 2022.

Merchant Services 98

Merchant Services Payment Services Inventory Management Planning 98

I Vend

JANUARY 9, 2022

A new year is a time to look forward and think about what will shape the future, and in this, my first article of the year, I’ll be exploring the top five trends in retail technology for 2022. iVend Retail Management Suite iVend’s retail technology is delivering innovation in retail. They want fast, easy, contactless payments.

Payment Services 98

Payment Services Returns Checkout Inventory Management 98

Retail Minded

APRIL 3, 2022

63% of US brands plan to increase investment in retail software in 2022. Investment in key areas that are ‘behind the scenes’ like delivery, inventory management and retail operations are a reaction to the problem associated with operational complexity,” says Stuart Pick. Top 10 Investment Priorities For 2022.

Merchant Services 83

Merchant Services Payment Services Inventory Management Wholesale 83

Retail Focus

MARCH 15, 2022

ASCG’s research found 20% of retailers had low or no confidence in supply chains stabilising in 2022, following recent years of delays and disruption. Sophisticated stock inventory management software is being increasingly utilised to pull data that helps retailers to create contingencies and better prepare for uncertainty.

Inventory Management 130

Inventory Management Planning Returns Management 130

Inside Retail

FEBRUARY 2, 2024

Essentially a form of dropshipping, this has helped Asos expand its range without the hassle of inventory management. In the UK, Marks & Spencer, a 150-year-old retailer, started out with third-party brands a few years back before moving to a dropship model in 2022.

Fulfillment 246

Fulfillment Department Stores Wholesale Fast Fashion 246

Retail TouchPoints

AUGUST 23, 2022

During eBay’s investor day in March 2022, eBay CEO Jamie Iannone shared the company’s vision to develop a 31,000 – square-foot storage facility and digital marketplace for authenticated trading cards and valuable collectibles. TCGplayer develops applications, inventory management tools and hardware such as robotic sorting machines.

Inventory Management 216

Inventory Management Fulfillment Customer Experience Management 216

Inside Retail

JULY 22, 2021

Having a centralised fulfilment centre for stores replaces our historical push model, and will result in improved inventory management, reduced markdowns and maximised sell-through whilst also producing significant efficiencies in our online fulfilment operations.”.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Retail TouchPoints

MARCH 16, 2023

More and more retailers are embracing in-store automation and robotics to empower their associates and drive a great customer experience.

Wholesale 262

Wholesale Location ATS Inventory Management 262

Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. Deloitte found that 51% of lower-income earners and 38% of higher-income earners felt that their finances took a turn for the worse in 2022.

Payment Services 319

Payment Services Promotions Consumer Inventory Management 319

Retail TouchPoints

SEPTEMBER 7, 2022

Cornell’s decision to remain in the leadership role was made following last month’s news of Target’s Q2 2022 performance, which saw net earnings drop 90% from Q2 2021. Valdez will be succeeded by Gretchen McCarthy, SVP of Global Inventory Management, effective immediately.

Inventory Management 264

Inventory Management Planning Management 264

365 Retail

NOVEMBER 14, 2022

With Black Friday and Cyber Monday just around the corner, planning for a successful 2022 peak season is essential – now more than ever. Inventory management is key. It’s imperative to manage your inventory effectively ahead of Black Friday and Cyber Monday. What upsells and bundles you’re going to offer.

Merchant Services 57

Merchant Services Payment Services Inventory Management Fulfillment 57

Retail TouchPoints

JULY 17, 2023

billion in 2022 and is expected to grow at a CAGR of 28.4% Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. According to Grand View Research , the global IoT retail market was valued at $42.38 from 2023 to 2030.

Payment Services 226

Payment Services Checkout Inventory Management Customer Experience 226

Retail TouchPoints

DECEMBER 25, 2023

in its fiscal year 2023 (ending in September) versus 2022…which may come as no surprise to you at all if you’ve been in a Costco on a Saturday lately. Better inventory management means better business operations, period. Comparable store sales increased 9%, and the company’s gross margin increased to 58.8%. Bad retail is dead.

Customer Experience 224

Customer Experience Dead-Stock Store Layout Point of Sale 224

Retail TouchPoints

JUNE 10, 2022

Discount variety chain Dollar General is looking to self-checkout as a way to “leverage and reinforce our position as a low-cost operator,” COO Jeff Owen told analysts on the company’s Q1 earnings call on May 26, 2022. Now, Owens said the company also plans to begin testing a 100% self-checkout store format across 200 locations this year.

Checkout 259

Checkout Location Kiosk ATS 259

Retail Focus

FEBRUARY 24, 2022

New research* by Advanced Supply Chain Group (ASCG) shows high confidence amongst 46% of retailers in supply chains normalising this year, whilst a third think 2022 will see some improvements in the timeliness and reliability of moving products. About the research: SAPIO Research surveyed 212 retailers nationwide in January 2022.

Returns 130

Returns Inventory Management Shipping Management 130

Retail TouchPoints

JUNE 28, 2023

Smart Inventory Management is Key as Ecommerce Complexity Grows Before peak season, perform a complete count of all your inventory. In fact, the average number of items in each ecommerce order during the 2022 peak season included at least four products. while also lowering operational costs.

Fulfillment 227

Fulfillment Shipping Inventory Management Planning 227

365 Retail

JULY 5, 2022

We will show you the key criteria any self-respecting B2B eCommerce platform should possess, plus we will then showcase some of the best currently available in 2022. . For example, you can streamline orders by automatically sending data to the ERP, notifying customers via email, synchronising inventory, managing approvals, etc.

Inventory Management 57

Inventory Management Management Wholesale Accounting 57

Retail TouchPoints

JANUARY 9, 2024

Retail Media Networks that offer managed service advertising solutions are likely to take a more active approach to channel selection. They may partner directly with publishers to match data with their media or outsource help from inventory management teams. million people, listened to digital audio, according to eMarketer.

Advertising 279

Advertising Inventory Management Management Consumer 279

Retail TouchPoints

APRIL 22, 2022

Amazon also made a major investment in economic initiatives in March 2022 as part of its $2 billion Amazon Housing Equity Fund. The ecommerce giant is providing $124.4 million to build 1,060 affordable homes near four public transit sites in Washington State’s Puget Sound region and the Arlington, Va. region.

Fulfillment 260

Fulfillment Inventory Management Management Shopping 260

Inside Retail

JANUARY 2, 2023

During the 2022 Singles Day period , according to figures released by Alibaba, 62 influencer and merchant-run livestreaming channels surpassed CN¥100 million ($20.86 According to McKinsey in 2022, the average B2B customer now uses more than 10 channels to engage with a company, up from five channels in 2016. million) in gross revenue.

Shopping 264

Shopping Social Commerce Wholesale Specialty Retailers 264

Retail Pro

DECEMBER 22, 2021

Do both e-commerce and in-store purchases score … Continue reading → The post NRF 2022: Connecting your physical and digital store experience first appeared on Retail Pro Blog.

Point of Sale 87

Point of Sale Inventory Management Management 87

Retalon

FEBRUARY 25, 2022

Stock replenishment is the process of ordering and allocating inventory to replace missing products on store shelves. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period. Inventory Management Software. What is replenishment?

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

MARCH 7, 2022

Retalon, a Toronto-based retail AI company, has been recognized for advancing retail technology in supply chain and merchandising in 2022. “Retail CIO Radar 2022 helps CIOs and Retail business leaders to stay on top of the latest innovations. Retail Today considered nearly 7,000 nominees for these awards.

Markdowns 41

Markdowns Inventory Management Accounting Promotions 41

Retail Pro

DECEMBER 27, 2021

A shopper’s purchase journey goes … Continue reading → The post NRF 2022: Simplifying the omnichannel purchase journey first appeared on Retail Pro Blog. Use promo code 270 when registering for NRF Omnichannel is about making it easy for customers to buy from you, get their products from you, and make returns.

Returns 69

Returns Inventory Management Customer Experience Management 69

Inside Retail

MARCH 17, 2024

McDonald’s wants more customers to order through digital avenues like its app and kiosks, which already made up a third of its sales in top markets in 2022. Starbucks in 2022 hired a former McDonald’s executive to oversee its use of technology.

Kiosk 130

Kiosk Payment Services Inventory Management Location 130