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Myer picks up new national distribution centre in online, efficiency push

Inside Retail

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.”.

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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Another UPC alternative, RFID, which first made waves in retail 10+ years ago, has also had a slower adoption, largely because of cost and implementation hurdles, despite its having similar benefits, specifically to track and manage inventory and enabling checkout-less “just walk out” transactions. Doesn’t that sound amazing?!

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AI Company Retalon Wins Retail CIO Radar 2022 Award in Two Categories: Supply Chain and Merchandising Technology

Retalon

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.

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Stock Replenishment in 2022 (Definition, Process, Best Practices)

Retalon

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Stock replenishment is the process of ordering and allocating inventory to replace missing products on store shelves. Inventory Management Software.

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Gap quarterly sales decline underlines ‘dire’ state of the business 

Inside Retail

As a reminder, fiscal 2022 net sales included approximately $300 million in sales for Gap China.” Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number.

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Retalon is Now a Microsoft Partner, Integrating Retail Analytics Solutions with Microsoft Dynamics 365

Retalon

TORONTO (PRWEB) FEBRUARY 04, 2022 Retalon, an award-winning provider of AI and predictive analytics for retailers has become a Microsoft Partner through the release of their analytics solutions for planning, inventory management, and lifecycle pricing on Microsoft Dynamics 365.

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Walmart revises profit outlook for Q2, fiscal year

Mass Relators

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.