Retail TouchPoints

MAY 9, 2023

With AI, retailers can easily generate full-sentence product descriptions when they are creating items in their inventory. A fashion retailer, for example, will want to quickly list its new season’s assortment on its digital channels in order to market and promote these products to customers.

Payment Services 257

Payment Services Inventory Management Marketing Checkout 257

Retail TouchPoints

FEBRUARY 7, 2024

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management. “Sam the Sommelier” awaits in the Chevron wine aisle.

Point of Sale 243

Point of Sale Promotions Inventory Management Grocer 243

Retail Smart Guys

MAY 1, 2023

Inventory Management: Keeping track of inventory levels, managing orders, and processing returns can be time-consuming and requires much attention to detail. Marketing and advertising: Retailers must market their brands to draw in new clients and keep hold of current ones.

Inventory Management 52

Inventory Management Point of Sale Finance Returns 52

Shopper Motion

DECEMBER 20, 2022

Identify potential gaps in their product offerings and make informed decisions about which products to stock and promote. . For example, retailers can use data on online and in-store sales to optimize inventory management and reduce waste. They can also use data to streamline their marketing and advertising efforts.

Shopping 52

Shopping Inventory Management Advertising Store Layout 52

Inside Retail

APRIL 9, 2022

Now is the time to check how your markdown performance is tracking against your retail markdown strategy keeping inventory management top of mind. For example, did the promotion “3 for $25” do better than “Take a Further 25 per cent off”? Selling like hotcakes or still turning on 20 weeks of cover?

Markdowns 130

Markdowns ATS Inventory Management Promotions 130

I Vend

FEBRUARY 9, 2024

Process automation – such as inventory management , tracking stock levels and re-ordering. Retail tech plays a role here too – for example with sensors that monitor and control energy consumption, and through cloud computing services for key platforms such as point of sale, inventory management, loyalty and promotions.

Payment Services 52

Payment Services Inventory Management Checkout Point of Sale 52

I Vend

DECEMBER 11, 2023

Process automation – such as inventory management , tracking stock levels and re-ordering. Retail tech plays a role here too – for example with sensors that monitor and control energy consumption, and through cloud computing services for key platforms such as point of sale, inventory management, loyalty and promotions.

Payment Services 53

Payment Services Inventory Management Checkout Point of Sale 53

Wiser

MARCH 7, 2024

A strategic decision, endorsed by the company’s CEO, ensures pricing transparency and uniformity across all stores, with occasional digital-only promotions being the exception. Pricing Strategy Implementing a Minimum Advertised Price (MAP) strategy is pivotal in staying competitive within highly saturated markets.

Customer Experience 78

Customer Experience Inventory Management Promotions Management 78

Retail TouchPoints

JULY 26, 2021

From paid online advertising to email campaigns, digital marketing is a sophisticated, rapidly changing area of expertise that most wholesale brands have only observed from afar. While you are no doubt familiar with brand marketing, online customer acquisition is a whole different animal. How will you fund this initiative?

Wholesale 275

Wholesale Payment Services Fulfillment Returns 275

Retail Bound

JUNE 27, 2023

Your marketing and advertising strategy should communicate this USP effectively across various channels suitable for your audience. Step 4: Pricing & Promotion Strategy The fourth strategy is honing your pricing and promotion strategies. Promotional campaigns play a critical role in driving consumer awareness and sales.

Fulfillment 52

Fulfillment Target Market Payment Services Promotions 52

Hyken

AUGUST 31, 2023

Enterprise resource management (ERP) systems centralize, automate, and manage core business data and processes, from inventory management to real-time sales information. Tellingly, this is a more effective strategy than offering discounts and promotions. No more missed opportunities for a sale!

Payment Services 108

Payment Services Customer Experience Inventory Management Accounting 108

Wiser

JULY 6, 2021

It holds products on it, plus a pricing label or maybe some advertisements. This can be achieved in a few ways, including: Weight sensors and RFID tags to monitor on-shelf availability and inventory levels, then communicate that data directly to store associates. Digital displays for pricing, advertisements, and other information.

Advertising 158

Advertising Inventory Management Checkout Marketing 158

Rain Pros

AUGUST 17, 2023

The marketing tools and advertising strategies you employ make or break your business. Spread the word about targeted promotions through text messages and you’ll drive sales moving forward. The heightened retention rate also promotes ongoing loyalty for mutual benefit.

Retail Marketing 52

Retail Marketing Payment Services Marketing Value Offer 52

Rain Pros

MAY 1, 2023

The marketing tools and advertising strategies you employ make or break your business. Spread the word about targeted promotions through text messages and you’ll drive sales moving forward. The heightened retention rate also promotes ongoing loyalty for mutual benefit.

Retail Marketing 52

Retail Marketing Payment Services Marketing Value Offer 52

Retail TouchPoints

APRIL 13, 2021

5 Social Advertising Trends for Retailers to Know in 2021: Featuring Under Armour. research found that 74% of marketers spend one-third or more of their budgets on social advertising. But how can a global retail enterprise streamline and scale its social advertising strategies?

Consumer 137

Consumer Payment Services Fulfillment Advertising 137

V Count

JANUARY 26, 2024

Then, we’ll talk about how all types of retail businesses can use AI, from improving inventory management to customizing customer experience. By leveraging this data, retailers can design tailor-made experiences, offering product recommendations and promotions that resonate with individual consumers’ tastes.

Shopping 95

Shopping Inventory Management Customer Experience Store Layout 95

V Count

MARCH 20, 2023

Once you get a grasp of the customer journey, you can use the visitor data to optimize store layout, improve product placement, and make more informed decisions about inventory management. Tracking foot traffic in specific store areas via zone analytics can reveal the impact of in-store promotions and advertising on customer behavior.

Supermarket 52

Supermarket Loss Prevention Promotions Store Layout 52

Mass Relators

MAY 22, 2023

Is my organization prepared — from both a technology and skillset perspective — to take advantage of new opportunities for customized product recommendations, personalized email marketing and advertising? Take a long-term approach to pricing, promotion, price pack architecture, trade terms, distribution and your new product pipeline.

Consumer 52

Consumer Inventory Management Fulfillment Advertising 52

Retail Bound

DECEMBER 3, 2021

Other tactics include offering free shipping, using suggestive selling at the point of sale, and creating time-limited promotions. You could then create a social media advertising that offers steep discounts on that particular item hoping to attract those potential customers who may regret never finalizing the initial purchase.

Inventory Management 52

Inventory Management Shipping Planning Finance 52

V Count

MARCH 20, 2023

Once you get a grasp of the customer journey, you can use the visitor data to optimize store layout, improve product placement, and make more informed decisions about inventory management. Tracking foot traffic in specific store areas via zone analytics can reveal the impact of in-store promotions and advertising on customer behavior.

Supermarket 40

Supermarket Loss Prevention Promotions Store Layout 40

Independent Retailer

JUNE 17, 2021

While this may seem like a good idea for some businesses, marketplace behemoths such as Amazon make it difficult for brands to expand their horizon with the fierce competition and the need for a big advertising budget. We want retailers to use our system to manage all inventory to manage the products they are selling on the platform.”.

Merchant Services 52

Merchant Services Shopping Payment Services Shipping 52

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

You may want to consider creating a hashtag for people who want to tweet their latest photos or hire a social media influencer to promote your brands, customer stories, catalogs, new arrivals, etc. Inventory management and customized customer information will also benefit from these data-driven solutions.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Independent Retailer

DECEMBER 9, 2022

Search for the products on social media platforms , as well, so you can see if any influencers are promoting them or similar items and get a taste of just how popular the merchandise is. . Now that you have your Amazon FBA account all set up and have listed your products, it is smart to manage your inventory within Amazon Seller Central.

Payment Services 74

Payment Services Fulfillment Wholesale Shipping 74

Clover - Retail

MARCH 29, 2024

You can also use social media advertising to target relevant candidates. Promote open lines of communication with employees, so they can alert your store’s leadership when they’re not happy about specific things. Schools: Share open positions with students, from high school students to community college and local university students.

Planning 52

Planning Employee Engagement Inventory Management Point of Sale 52

Retail TouchPoints

DECEMBER 25, 2023

Fortunately, technology exists to help smart retailers understand what products they should sell and how much inventory they need to hold to ensure their shelves remain full, so that customers who walk into a store looking to buy something can walk out with a purchase and a smile. Manage your inventory exceptionally well.

Customer Experience 225

Customer Experience Dead-Stock Store Layout Point of Sale 225

Wiser

APRIL 9, 2018

The same GMA study shows that the average out-of-stock rate in the US is approximately 8 percent, and the Journal of Consumer Research reports that number increases to 15 percent for advertised items. . Whether in-store or online, Wiser has you covered from pricing to assortment to promotions.? Schedule a meeting today ?

Management 98

Management Advertising Accounting Promotions 98

Inside Retail

AUGUST 10, 2022

Building a winning strategy through product catalogue selection, pricing, inventory management and great customer service. Defending a winning position by optimising product content and advertising to maintain visibility. Product feed management solutions can help optimise, test and deliver this data.

Advertising 246

Advertising Fulfillment Shipping Inventory Management 246

Retalon

APRIL 21, 2021

At its most basic, it only requires integrating live inventory counts from your ERP / inventory management software with your e-commerce platform, ensuring customers can get accurate information about which store has the items they’re looking for (or give them the option to ship to store).

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retail TouchPoints

JANUARY 6, 2021

The beauty is that the seller can capture customers’ personal information and email address, which means they can start doing newsletters and sending promotions about a sale or a new product launch. You need a strong understanding of cost of goods , cost of shipping and how much you’re spending on advertising to build your business.

Fulfillment 290

Fulfillment Shipping Inventory Management Returns 290

Small Biz Trends

APRIL 15, 2021

This includes a complete suite of tools for marketing, inventory management, SEO, and customer support. They include promotions, coupon codes, inventory management, buyer reviews, and product. If you are looking towards expanding your online presence, you will need to choose an eCommerce platform.

Merchant Services 122

Merchant Services Payment Services Drop-Shipping Shipping 122

Wiser

JULY 19, 2017

The 4 P’s; product, placement, price, and promotions are basic components of a marketing plan. On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management.

Marketing 84

Marketing Promotions Markdowns Advertising 84

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Inventory Turnover Ratio 3. Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Foot Traffic 9.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retail Next

FEBRUARY 27, 2020

In the past, retailers used to send mass promotions to customers with an expectation that some percentage of recipients would be interested and would turn up at the store. For example, a retailer shouldn’t send a promotion for baby diapers to a single man with no children. It can also offer information on promotions and inventory.

Checkout 52

Checkout Advertising Store Layout Promotions 52

Retalon

AUGUST 22, 2023

How to Calculate GMROI = (Annual Gross Margin ÷ Average Inventory) x 100 To break this down: Gross Margin = Total Revenue – Cost of Goods Sold Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Benchmarks GMROI can vary widely depending on the retail sector: Overall, a GMROI of 2.0+ Anything under 1.0

Customer Retention 41

Customer Retention Returns Payment Services Promotions 41

365 Retail

MAY 5, 2023

Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. By identifying customers as they enter a store, retailers can offer personalized greetings, promotions, and recommendations based on individual preferences and shopping histories.

Store Layout 81

Store Layout Promotions Inventory Management Advertising 81

Retail Geek

SEPTEMBER 27, 2022

Scot: [5:04] And then so then that was your primary thing so then you did you guys realize that you needed to build you look at all the software for shipping and inventory management and build your own and then you, tell the story of that. Matt: [4:59] Yeah it was a it was a lot of fun so. Merchandise that we make.

Merchant Services 52

Merchant Services Checkout Payment Services Drop-Shipping 52

Retail Geek

JANUARY 20, 2023

The AI for inventory management is super interesting like these models that are doing demand forecasting that are doing kind of. Jason: [1:09:45] I love it will conveniently I feel like they come up somewhat in my next prediction as well which I think in in aggregate metal Google and Tick-Tock lose advertising Revenue in 2023.

Social Commerce 52

Social Commerce Fulfillment Drop-Shipping Loss Prevention 52