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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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How can a retail management system help retailers become efficient, save costs and make them ready for the holiday season

I Vend

They’ll be doing more socialising, more gift giving and entertaining, boosting a range of retail sectors including fashion and accessories, home décor, gifts, food, wine and spirits. Retailers would need a sophisticated retail management system to manage the holiday season rush.

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The Global Reach and Sustainable Impact of Green RFID Technology

Retail TouchPoints

RFID Technology and Sustainability RFID technology is the key for retail businesses to unlock greater sustainability and efficiency in their supply chain management. 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.

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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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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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Class action probe over Lovisa’s treatment of staff

Inside Retail

This includes team members, senior stylists, assistant store managers, store managers, inventory managers and any other in-store employees,” said the firm. “We “We are investigating the underpayments on behalf of casual, part-time and full-time employees of Lovisa.

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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.