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Oroton trebles profit after rigorous cost-control measures

Inside Retail

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

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Rajesh Grover on transforming Kanmo Group into an omnichannel machine

Inside Retail

Venturing beyond the traditional retail sphere, the group has also made its mark in travel retail, securing its place as the master concessionaire for fashion & accessories at Jakarta’s Airport In Indonesia. Retailers are actively investing in enhancing their online presence and implementing seamless online shopping experiences.

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The Global Reach and Sustainable Impact of Green RFID Technology

Retail TouchPoints

In this way, RFID technology can allow retailers to manage their inventory better and ensure that resources are only being used for products that sell. Especially in this era of fast fashion, most retail products are produced overseas and shipped thousands of miles to their destination.

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Fashion and retail are ripe for disruption: The promise of generative AI 

Inside Retail

It speculated that future fashion collections could be made with a creative director and an AI program to bring clothes and accessories to market faster, more efficiently and improve the CX factor as well. An article from McKinsey & Co explores this idea in some depth.

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Nordstrom Issues Supplier Mandate for RFID Tagging

Retail TouchPoints

That includes a large percentage of Nordstrom’s merchandise, such as apparel, accessories, home and gift products, baby gear, shoes and some cosmetics. Products that do not yet require RFID are mostly cosmetics, along with some household products and jewelry.

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Thriving in Economic Uncertainty: Strategies for VARs and ISVs

Star Miconics

Strategic Inventory Management Effective inventory management is crucial for maintaining healthy cash flow, especially during challenging economic times. This multifunctionality allows for the consolidation of printer stock, saving space and streamlining inventory management.

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Optimizing Omnichannel Experiences: Best Labeling Practices for SMBs

Star Miconics

Enhancing Inventory Management through Strategic Labeling Efficient inventory management is crucial in omnichannel commerce. Labels that include barcodes or RFID tags help track inventory levels in real time, ensuring that stock information is accurate across all sales channels.