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 212

Payment Services Inventory Management Checkout Loss Prevention 212

Retail TouchPoints

APRIL 25, 2022

As a result, businesses looking to gain a competitive advantage in the global marketplace are investing more heavily in supply chain management. The supply chain challenges of the past few years have underscored the importance of proper and efficient supply chain management.

Supply Chain Management 286

Supply Chain Management Inventory Management Shipping Management 286

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. 2: Order cycle time. 5: Sustainability metrics.

Fulfillment 270

Fulfillment Returns Shipping Promotions 270

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

Retalon

MAY 17, 2024

Navigating through today’s industry needs, businesses face increasing challenges due to fluctuating market dynamics, evolving consumer behaviors, and technological advancements. It is used for planning and optimizing various supply chain activities, including procurement, production, inventory management, and distribution.

Supply Chain Management 41

Supply Chain Management Inventory Management Management Promotions 41

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

APRIL 10, 2023

Central to this effort will be transitioning to SAP’s Enterprise Resource Planning (ERP) system, an endeavor that won’t be completed until 2026. 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% ).

Jewelry 226

Jewelry Wholesale Consumer Point of Sale 226

Wiser

JULY 31, 2023

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. 1: Regular Audits Conducting regular in-store audits allows brands to physically verify that stores are adhering to the planned layouts.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

Retail TouchPoints

SEPTEMBER 23, 2022

Do they provide a personal account manager for your business? A 3PL provides a safety net for planned or unanticipated increases in demand, so you don’t have to worry about fulfilling scheduled orders or laying off employees when the busy season ends. How to optimize shipments based on the customers’ location.

Fulfillment 297

Fulfillment Shipping Inventory Management Management 297

365 Retail

NOVEMBER 13, 2023

Seasonal demand is the changes in consumer appetite that naturally occur at different times of the year, such as around Christmas or Black Friday. These fluctuations have their roots entwined with consumer preferences and behaviours stemming from cultural, economic, or climatic aspects. What Is Seasonal Demand?

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

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. These same robots could be connected to in-store analytics, inventory management system[s] and merchandiser plans all powered by AI.

Shopping 130

Shopping Payment Services Inventory Management Supply Chain Management 130

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. Regardless, the bottom line is retailers have been increasingly losing revenue across the board.

Supply Chain Management 52

Supply Chain Management Inventory Management Consumer Management 52

Retail TouchPoints

JANUARY 25, 2022

This is a direct and relatively simple means to take consumers to experiential landing pages where retailers and brands can share information about products, including new launches, recipes, instructions, promotions and more. 4) Think Big: Improve supply chain and inventory management.

Management 249

Management Marketing Customer Experience Inventory Management 249

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

But, of course, that has many downsides, such as cost, workforce planning, etc. Many of those processes can be time-consuming or repetitive, which makes them highly suited to automation. Inventory Management. However, to do that, the system needs to be operable 24/7 throughout the entire year.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

365 Retail

NOVEMBER 14, 2022

With Black Friday and Cyber Monday just around the corner, planning for a successful 2022 peak season is essential – now more than ever. Plan, plan and plan some more! In fact, in 2021, the UK alone accounted for over ten per cent of global Black Friday searches online. Inventory management is key.

Merchant Services 58

Merchant Services Payment Services Inventory Management Fulfillment 58

Global Shop

FEBRUARY 12, 2024

After going live with Global Shop Solutions ERP software, CSS experienced improved inventory management and scheduling, particularly when they implemented automated processes. Manually building huge BOMs is a time-consuming, costly process in which mistakes are detrimental.

Shopping 52

Shopping Inventory Management Bar Codes Drop-Shipping 52

M19 Retail

JULY 28, 2020

The COVID-19 pandemic and its aftermath have increased the already high pressure on retailers to automate and streamline planning and execution processes. Increased competition requires that successful retailers more accurately plan and execute to have the right products available at the appropriate retail location to meet consumer needs.

Planning 98

Planning Inventory Management Management Accounting 98

Retalon

FEBRUARY 15, 2024

Retail analytics insights directly impact sales and customer loyalty by enabling more personalized shopping experiences and efficient inventory management. This anticipates future trends such as consumer demand shifts or inventory needs before they happen – allowing retailers to prepare rather than react.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

V Count

SEPTEMBER 15, 2022

As a business owner or a store manager, you’ll face countless challenges, and turning your business into a successful one usually requires time, effort and commitment. It’s an all-in-one POS solution that asks for no subscription fee, however, the paid plans offer way more features. Amazing inventory management system.

Merchant Services 98

Merchant Services Payment Services Inventory Management Planning 98

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

V Count

SEPTEMBER 15, 2022

As a business owner or a store manager, you’ll face countless challenges, and turning your business into a successful one usually requires time, effort and commitment. It’s an all-in-one POS solution that asks for no subscription fee, however, the paid plans offer way more features. Amazing inventory management system.

Merchant Services 92

Merchant Services Payment Services Inventory Management Planning 92

Retail TouchPoints

OCTOBER 3, 2022

In an interview with Retail TouchPoints , Douang and Jason Chiu, Professional Services Group Manager for Canada at Axis Communications , revealed how they worked together to develop a seamless, secure and human-centered cashierless grocery shopping experience. Douang: Gen Z and millennial consumers are the largest spenders [for Aisle 24].

Management 230

Management Inventory Management Location Shopping 230

Retalon

FEBRUARY 25, 2022

Meeting sales demand has always been challenging, effective replenishment should mitigate issues that arise from poor planning and allocation. 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.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

365 Retail

DECEMBER 12, 2023

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviours, reduces operational costs, improves profitability, and powers revenue growth strategies. The new business models supported by autonomous capabilities provide a compelling value proposition for consumers.

Payment Services 58

Payment Services Checkout Store Layout Inventory Management 58

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. A large portion of your inventory budget is spent on stocking inventory, 7.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retail Times

MARCH 30, 2021

The first step to avoiding discrepancies is to implement an electronic (ideally cloud-based) inventory system. Keeping track of products using a pen and paper isn’t just time-consuming, it can also lead to mistakes. Not ready for a full retail management solution? Consider creating an inventory management system in Excel.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Wiser

NOVEMBER 10, 2020

Being in a position to release new products is great, but as your assortment grows, so too does the complexity of your inventory management processes. Consumer tastes are always changing, and brands have met those demands by offering variations on existing products to cater to specific tastes.

Merchant Services 99

Merchant Services Inventory Management Promotions Marketing 99

Global Shop

JANUARY 16, 2024

Services include financial health checks, reconciling accounts receivable and payables to the general ledger, inventory batch processing, inventory reconciliations, and more. Electric Power Design (EPD) , an engineer-to order manufacturer of power systems to efficiently manage energy supplies, has found a workable solution.

Planning 52

Planning Shopping Inventory Management Management 52

Retalon

JANUARY 5, 2021

Even the best-executed assortment strategy can lead to imbalanced inventory levels halfway through the season. Some stores will be overrun with inventory, while others will struggle to keep up with demand. Why is unbalanced inventory such a big problem for retailers? And this is just the tip of the iceberg.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

JULY 23, 2018

Smart Allocation: Retail localization that automatically account for existing stock, assortment distribution, and drills down to SKU performance at a channel/location level, essential for the flexible fulfillment options that Spendsetters want. The post How to Sell to Spendsetters: 1/3 of All Consumers appeared first on Retalon.

Consumer 32

Consumer Payment Services Fulfillment Inventory Management 32

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retalon

SEPTEMBER 22, 2021

With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening. BOPIS allows consumers to collect more information so they can make better decisions. In the comfort of their home, a person can take their time to comparison-shop local stores’ assortments and inventory.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail TouchPoints

OCTOBER 28, 2022

One of the most powerful tools you should implement to ensure your long-term success is a retail Enterprise Resource Planning (ERP) system. The secret lies in their well-developed Customer Relationship Management (CRM) system. Trying to do so manually can be a very time-consuming and error-prone process.

Supply Chain Management 257

Supply Chain Management Inventory Management Management Accounting 257