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Kmart MD talks Target merger, shrinkage, and adapting to customer behaviour

Inside Retail

With customers continuing to seek more value as cost-of-living pressures bite, Wesfarmers’ Kmart Group is set to benefit from shifting consumer demand, and an increasingly strong value proposition. He added that 75 per cent of Target’s range – across apparel, soft home and toy products – will be unique to the brand. Target of theft ?

Shrinkage 130
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Key Takeaways from the Wiser Industry Leaders Brand Panel: Challenges and Adaptations

Wiser

Panelists highlighted the frustration with labor scarcity in an environment where consumer demands and expectations are constantly evolving. With so many tasks and not enough hands, businesses are turning to third-party services to fill the gap, often leading to additional costs and higher prices for consumers.

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Avoiding Stockouts: 5 Preventable Causes of Out-of-Stocks and What to Do About Them

Retail Times

Keeping track of products using a pen and paper isn’t just time-consuming, it can also lead to mistakes. For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store. Pay attention to consumer trends. Further Reading. Learn More. Conduct regular stock counts.

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Jason & Scot Show Episode 282 – Cyberweek Recap with Salesforce’s Rob Garf

Retail Geek

The Salesforce shopping index combines data and holiday insights on the activity of more than a billion global shoppers across more than 54 countries powered by Commerce Cloud, billions of consumer engagements and millions of public social media conversations through Marketing Cloud, and customer service data powered by Service Cloud.