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Global Fashion Group continues to struggle in second quarter

Inside Retail

points to 42 per cent, driven by higher levels of promotional activity. These improvements will grow our platform and are adapted to our current focus on careful cost and inventory management.” The numbers of orders and active customers dropped 28.1 per cent and 19 per cent, respectively. Revenue was down 18.6 per cent to $376.9

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Myer’s latest trading update is a testament to putting the customer first

Inside Retail

Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added.

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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

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5 Things to Know About Amazon’s New ‘Style’ Clothing Stores

Retail TouchPoints

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We There will be humans working the store too.

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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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From tailoring to tech, Levi’s brings next-gen concepts to life in Apac

Inside Retail

Leveraging data and AI has also played a role in optimising promotions and improving inventory management. The company is also working on scaling its efforts to deliver a superior customer experience and drive profitability through digital technology.

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What are Retail Markdowns?

Wiser

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

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