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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

Inventory is the second largest controllable expense and retailers are reporting back an improvement in markdown reduction losses of as much as 50 per cent through using the software to manage planning. You can discover more about Zebra Technologies’ new generation of connected software solutions here.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Online sales now account for more than 20% of total retail sales.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

The rise of at-home delivery forced loss prevention managers to start looking beyond the store. Whereas BOPIS shifts the delivery to the retail premises where store employees and loss prevention practices control every order. A product SKU that was once online-only could end up in-store inventory.