Retail TouchPoints

FEBRUARY 27, 2024

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. A cyberattack that compromises customer personal information can diminish the trust consumers place in a brand. She has worked with several global companies focusing on risk management strategy.

Payment Services 263

Payment Services Wholesale Store Layout Inventory Management 263

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. 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.

Payment Services 339

Payment Services Promotions Consumer Inventory Management 339

Retail TouchPoints

JULY 12, 2023

Retailers cited rising costs, declining consumer spending and supply chain volatility as their top concerns. Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics.

Payment Services 229

Payment Services Inventory Management Checkout Loss Prevention 229

Retail Gazette

FEBRUARY 22, 2024

According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online. AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Wiser

APRIL 9, 2024

We’re often asked to describe, step by step, how CPG customers utilize Wiser’s platform to overcome sales challenges both at the corporate level and within the store environment. Their goals include discussing the issues with store managers, rectifying the problems, and capturing relevant information to feed back into the system.

Accounting 78

Accounting Inventory Management Point of Sale Management 78

Retail TouchPoints

MAY 3, 2023

The retail industry is undergoing an unprecedented wave of change as global issues have affected retailer supply chains, the labor market and consumer behaviors. Sustainability has come to the fore as consumers become more conscious of how their purchases are impacting their local communities and the environment.

Visual Merchandising 268

Visual Merchandising Consumer Inventory Management Customer Experience 268

Retail TouchPoints

APRIL 25, 2022

The supply chain challenges of the past few years have underscored the importance of proper and efficient supply chain management. Failure to meet customers’ expectation of timely, cost-effective and ethical delivery of goods can profoundly impact a company’s ability to retain consumers.

Supply Chain Management 304

Supply Chain Management Inventory Management Shipping Management 304

Retail Focus

MARCH 6, 2024

Expert Manager at Univers Retail | Published author | Visiting lecturer. Blockchain’s decentralised ledger records every supply chain transaction, making it possible for brands and consumers to track luxury goods from production to sale, thus ensuring authenticity and integrity. Ghalia BOUSTANI.

Inventory Management 148

Inventory Management Fashion Customer Experience Consumer 148

Retail Focus

SEPTEMBER 21, 2023

While owning a bar or restaurant is undeniably exciting, this journey is often strewn with myriad challenges that can keep even the most hardened entrepreneur awake at night. Often, staff view these jobs as mere stepping stones, rarely looking at them as long-term career opportunities. Both scenarios dent your profits.

Inventory Management 130

Inventory Management Management Accounting Point of Sale 130

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 4: Return rates. Returns are an inevitable part of retail.

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Fulfillment Returns Shipping Promotions 288

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. The same applies to B2B marketing when you rely on ABM (Account-Based Marketing) to target corporate accounts, decision-makers, etc.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Retail TouchPoints

JANUARY 20, 2022

For most types of consumer retail stores, the pandemic scared regulars away, diminished traffic from visitors, altered consumer preferences, snapped formerly reliable supply chains and required dramatic shifts in the way stores serve their clientele. Vishal Patel is VP of Product Marketing and Technology at Ivalua.

Merchant Services 248

Merchant Services Clienteling Shipping Inventory Management 248

Inside Retail

DECEMBER 7, 2021

Having a better understanding of what your customers want to buy and when could take the guesswork out of sales forecasting, inventory management or staff rostering. And gaining unique insights into consumers’ likely purchasing behaviour is now possible through the CommBank Household Spending Intentions (HSI) Index.

Payment Services 130

Payment Services Inventory Management Accounting Consumer 130

Retail TouchPoints

JULY 20, 2020

While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retail market. Technology has revolutionized the way brands manage their excess inventory.

Inventory Management 150

Inventory Management Apparel Fashion Specialty Store 150

Retail TouchPoints

SEPTEMBER 23, 2022

Corporations manage 3PL warehouses with physical spaces and logistics teams. One 3PL can handle a multitude of clients at a time, and they store, manage and prepare the goods for shipment, process the orders and deliver them to customers via their partner carriers. Do they provide a personal account manager for your business?

Fulfillment 314

Fulfillment Shipping Inventory Management Management 314

Retail TouchPoints

JANUARY 25, 2022

In the retail industry, many organizations are at a pivotal moment of forging a path forward to define the future-state customer experience where the physical and digital converge. 4) Think Big: Improve supply chain and inventory management. This gives consumers an additional element of control in their online buying experience.

Management 260

Management Marketing Customer Experience Inventory Management 260

Retail TouchPoints

APRIL 10, 2023

Now, ecommerce has grown to capture 21% of the retailer’s global revenue, with stores still accounting for the majority ( 51% ) while wholesale and third-party sales make up the difference ( 28% ). Pandora, needless to say, is opposed to horrible consumer experiences.

Jewelry 245

Jewelry Wholesale Consumer Point of Sale 245

Wiser

FEBRUARY 21, 2024

Panelists emphasized the significance of seamless integration of digital tools in response to COVID-19, which enabled continued engagement with consumers and efficient operational management. The importance of agility in sales strategies was highlighted, as brands recalibrate their approaches to meet consumers where they are.

Inventory Management 78

Inventory Management Retail Trends Consumer Promotions 78

Inside Retail

APRIL 25, 2023

Rather, it is in constant flux, with innovations shifting the way that industry players operate, and changing the way that consumers and traders interact with one-another. For instance, he said that sensor-packed shelving would be able to track inventory levels in real time, reorder, or send an alert to the warehouse to refill stock.

Shopping 130

Shopping Payment Services Inventory Management Supply Chain Management 130

Inside Retail

OCTOBER 21, 2021

Retailers are enduring dynamic and challenging times as supply-chain disruption continues and consumer behaviour changes, both brought on by living in the Covid era. Consumers increasingly want a seamless and consistent shopping experience across a growing number of offline and online touchpoints. “The

Returns 130

Returns Merchant Services Shipping Payment Services 130

Retail Focus

JANUARY 12, 2023

Many of those processes can be time-consuming or repetitive, which makes them highly suited to automation. Inventory Management. Inventory management uses many systems to keep your customers and staff informed of order updates and inventory status, such as procurement, warehouse management, order tracking, etc.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

I Vend

AUGUST 17, 2022

Supermarket shopping is, for the vast majority of consumers, an essential. From frictionless checkout to seamless ERP integrations, to built-in promotions, loyalty, and inventory management – a sophisticated Grocery POS offers everything a modern-day retailer needs to deliver convenience to their customers.

Payment Services 52

Payment Services Inventory Management Checkout Supermarket 52

Retail TouchPoints

OCTOBER 3, 2022

As Aisle 24 evolved into a franchise model, the company worked in partnership with Swedish security and surveillance technology firm Axis Communications to adopt a solution that solves many of the security and analytics challenges of remotely operating a cashierless grocery store at all hours.

Management 247

Management Inventory Management Location Shopping 247

365 Retail

NOVEMBER 13, 2023

Yet potentially it can be a very rewarding period for sales if forecast and managed correctly. We’ll look at what seasonal demand means and its impact on retail businesses, coupled with actionable insights on dealing with related obstacles while taking action to optimise profitability. Let’s look at some examples of seasonal products.

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

Retail Minded

MARCH 2, 2022

Manual order and invoice processing are laborious and time-consuming for most retailers. . Walmart is one giant retailer that uses hundreds of bots to automate operations, including answering workers’ inquiries, retrieving information from audit papers, monitoring inventory flow, and identifying slow-moving goods and deadstock.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

Retalon

FEBRUARY 15, 2024

Retail analytics insights directly impact sales and customer loyalty by enabling more personalized shopping experiences and efficient inventory management. The global AI in retail market’s revenue share from predictive analytics-driven programmatic advertising and market forecasting stood at 33.1%

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

Wiser

JULY 31, 2023

In the competitive world of retail, ensuring your products are in the right place at the right time can mean the difference between profit and loss. It’s a strategic roadmap for retailers, guiding them on how to arrange products in a way that boosts consumer engagement and ultimately leads to increased sales.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

I Love Fashion

JANUARY 4, 2021

Enabling consumers across the globe to shop their preferred commodities by leveraging flawless online transactions. Well, as per the GP Bullhound Consumer Internet index, Amazon, with a market capitalization of 1,597.2 billion US dollars, was ranked as the largest online consumer service company across the globe. The result?

Fashion 111

Fashion Inventory Management Marketing Shipping 111

Retail Smart Guys

NOVEMBER 3, 2023

Timing is Everything: When to Begin Inventory Planning Inventory planning is the backbone of successful retail operations. It’s the art and science of ensuring that your store has the right products in the right quantities at the right time. We understand the intricacies of inventory planning.

Planning 52

Planning Inventory Management Promotions Shipping 52

Retail Minded

JANUARY 1, 2024

Even if we weed out retail theft, there are still many other reasons for profit losses, from inflation to escalating costs to retailers’ inability to accurately predict consumers’ demands and manage inventory. Contributed by Pete Reilly, COO at AnswerRocket.

Supply Chain Management 52

Supply Chain Management Inventory Management Consumer Management 52

Hyken

AUGUST 31, 2023

This week, we feature an article by Sage , an international company that helps organizations of all sizes with accounting, payroll, and payment solutions. Enterprise resource management (ERP) systems centralize, automate, and manage core business data and processes, from inventory management to real-time sales information.

Payment Services 106

Payment Services Customer Experience Inventory Management Accounting 106

Retalon

FEBRUARY 25, 2022

Modern consumer expectations of inventory availability and fast order fulfillment mean that it is even more important for retailers to have a good stock replenishment process in place. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

365 Retail

NOVEMBER 14, 2022

In fact, in 2021, the UK alone accounted for over ten per cent of global Black Friday searches online. Inventory management is key. It’s imperative to manage your inventory effectively ahead of Black Friday and Cyber Monday. The cost-of-living crisis is having a serious impact on retailers and consumers.

Merchant Services 58

Merchant Services Payment Services Inventory Management Fulfillment 58

M19 Retail

NOVEMBER 22, 2023

This collaboration alleviates the need for retailers to independently undertake the integration process as Mi9 Merchant takes charge of supplying the product inventory and pricing directly to the retailer’s Google Merchant Center account. said Eugene Voronov, EVP & GM at Mi9 Retail.

Merchant Services 40

Merchant Services Shopping Point of Sale Inventory Management 40

Retalon

FEBRUARY 10, 2022

Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. What is bad inventory called? What is bad inventory called day-to-day? Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41