Inside Retail

JANUARY 30, 2024

This collaboration results in an enriched suite of logistics and supply chain services, encompassing not just warehousing and inventory management, but also comprehensive transportation and last-mile delivery solutions,” he added. Focusing on beauty and apparel Initially, the partnership will focus on the beauty and apparel segments.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

Inside Retail

MARCH 7, 2024

billion apparel industry in Australia. Despite a slight dip in 2020, the global apparel market is set to grow to about US$2 trillion by 2028, from US$1.79 Locally, women’s apparel represents the largest segment with an estimated market volume of US$11.86 billion; the men’s apparel market is about half of that, worth US$6.35

Boutique 130

Boutique Apparel Fashion Wholesale 130

Retail TouchPoints

APRIL 14, 2021

Stitch Fix Founder and CEO Katrina Lake will step down from the helm of the apparel subscription service on August 1, 2021, and current President Elizabeth Spaulding will move into the top role. Lake will transition to the role of Executive Chairperson of the Board, focusing on Stitch Fix’s social impact efforts.

Inventory Management 183

Inventory Management Apparel Shopping Management 183

Retail TouchPoints

FEBRUARY 25, 2022

That includes a large percentage of Nordstrom’s merchandise, such as apparel, accessories, home and gift products, baby gear, shoes and some cosmetics. Products that do not yet require RFID are mostly cosmetics, along with some household products and jewelry. .”

Drop-Shipping 280

Drop-Shipping Jewelry Shipping Inventory Management 280

Retail TouchPoints

JANUARY 13, 2023

Adobe found that multiple categories saw significantly deeper discounts in 2022 than the previous year, including: Toys : 34% vs. 19% ; Electronics : 25% vs. 8% ; Apparel : 19% vs. 13% ; and. The top discount categories for the season as a whole included beauty, skincare and makeup with an average discount of 29%. Sporting Goods : 10% vs. 6%.

Promotions 248

Promotions Sporting Goods Jewelry Inventory Management 248

Inside Retail

JANUARY 11, 2022

Retailers are now investing significant resources into logistics, deploying the latest inventory management systems, automating warehouses and hiring hundreds of hardworking staff in an effort to pick, pack and ship online orders as quickly as possible. The rise of e-commerce has had a major impact on retail supply chains.

Fulfillment 200

Fulfillment Shipping Inventory Management Location 200

Inside Retail

APRIL 17, 2023

A $275 billion dollar windfall In the next three to five years, generative AI could add $150 billion, conservatively, and up to $275 billion to the apparel, fashion, and luxury sectors’ operating profits, according to McKinsey & Co research. It has so far had little experience with generative AI – but that could soon change.

Fashion 245

Fashion Fast Fashion Returns Inventory Management 245

Inside Retail

FEBRUARY 23, 2023

Our efforts in Singapore will help to inform our strategies in the APAC market around diversifying the business across geographies, apparel categories and distribution channels,” Huisamen explained. Leveraging data and AI has also played a role in optimising promotions and improving inventory management.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

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. Viewing Off-Price As A Partner. The emergence of off-price retail has changed the industry landscape.

Inventory Management 149

Inventory Management Apparel Fashion Specialty Store 149

Retail TouchPoints

JULY 12, 2022

Apparel is a bit tougher — it’s a lot harder to virtually fit a body than it is a face or a room — but that tech is coming along quickly. What’s more, while most users today still see AR as a “toy,” the study found that 76% of consumers want AR tools they can use in their everyday lives. Enter retail. Walmart acquired Zeekit in May 2021.

Apparel 363

Apparel Inventory Management Consumer Shopping 363

Inside Retail

NOVEMBER 27, 2023

AI-powered inventory management and demand forecasting Harnessing the power of artificial intelligence (AI) and machine learning (ML) has become an operational reality for retailer s, especially in the realm of inventory management and demand forecasting. It enables users to try on clothes virtually.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

Retail TouchPoints

SEPTEMBER 19, 2023

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

Store Operations 265

Store Operations Shipping Fulfillment Store Layout 265

Retail TouchPoints

FEBRUARY 20, 2023

For example, an apparel store specializing in athletic shoes may use RFID/NFC sensors to engage with a customer interacting with the product. Actionable data can also help retailers with inventory management across all locations.

Advertising 235

Advertising Sporting Goods Returns Inventory Management 235

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. YOY growth this holiday season, whereas department stores will only see a 0.3%

Merchant Services 259

Merchant Services Payment Services Promotions Location 259

Retail TouchPoints

JULY 18, 2023

To fulfill its mission of providing “Fun for All,” the retailer has implemented a localized merchandising strategy that spans a portfolio of leading national and private label brands across outdoor, apparel, footwear, and sports and recreation categories.

Outdoor 186

Outdoor Markdowns Apparel Fulfillment 186

Wiser

FEBRUARY 29, 2024

These operational hurdles not only impact revenue streams but also affect customer satisfaction levels, highlighting the importance of streamlined inventory management practices. Dynamic Pricing in Response to Market Trends Consumers may perceive minimal price differences less significantly than expected.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

Wiser

APRIL 7, 2020

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

Markdowns 128

Markdowns Inventory Management Drop-Shipping Apparel 128

Retail TouchPoints

JANUARY 25, 2022

4) Think Big: Improve supply chain and inventory management. Act small: Add a feature to your website allowing customers to search inventory availability in local store locations. retail consulting practice at dunnhumby, where she was on the leadership team managing the Macy’s account.

Management 258

Management Marketing Customer Experience Inventory Management 258

Inside Retail

JULY 27, 2022

Among retail decision-makers, 70 per cent hold this view; the idea is even more prevalent among those in the specialty non-apparel space. New services and technologies were not necessarily executed in the best way due to the fast-paced nature of the implementations and are now inefficient from a cost and resource perspective.

Inventory Management 130

Inventory Management Returns Customer Experience Apparel 130

Inside Retail

JANUARY 23, 2022

According to the post, Amazon Style will offer women’s and men’s apparel, shoes and accessories from hundreds of popular and emerging brands, and include several innovative features, such as tailored, real-time recommendations.

Department Stores 130

Department Stores Checkout Inventory Management Fashion 130

Retail TouchPoints

MAY 30, 2023

Additionally, because the weather can affect consumers’ purchasing psychology, particularly in terms of apparel, retailers can use AI- and machine learning-powered tools to incorporate weather forecasts into inventory and merchandise allocation planning. Want to Expand Back-to-School Shopping Baskets?

Shopping 257

Shopping Consumer Planning Inventory Management 257

RETAIL MANAGEMENT SOFTWARE

AUGUST 18, 2023

While some sectors, notably the apparel industry, stand to benefit from these trends, other segments, such as consumer electronics, might encounter fluctuations in sales. Predictive Analytics for Inventory Management Avoid stockouts and overstocking by using predictive analytics to manage your inventory effectively.

Inventory Management 67

Inventory Management Promotions Payment Services Returns 67

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Retalon

AUGUST 22, 2023

It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Small Biz Trends

JUNE 25, 2022

Trademarked Amazon US FBA Workout Apparel. This Trademarked Amazon US FBA Workout Apparel business generates 98% of its revenue from Amazon. The products are the highest quality in the category with an activewear brand utilizing a trade secret technology to offer unique workout apparel with only a 6% return rate.

Drop-Shipping 94

Drop-Shipping Apparel Finance Specialty Store 94

Retail TouchPoints

NOVEMBER 29, 2023

I have one [mall] by me that used to mainly be apparel retailers. These investments have evolved and expanded as developers strove to create a more seamless experience for consumers and tenants alike; for example, Simon Properties has partnered with Dropit to bring omnichannel inventory management and fulfillment capabilities to its tenants.

Shopping 258

Shopping Kiosk Consumer Fulfillment 258

Retail TouchPoints

JULY 29, 2020

While the name Burton is almost synonymous with the snowboards the company began making in 1977, Burton has diversified over the years into new categories — including surfboards, apparel, goggles/optics and other sports gear — as well as expanding beyond manufacturing into direct-to-consumer (DTC) retail, both physical and digital.

Planning 273

Planning Wholesale Customer Experience Store Operations 273

Retail Times

MARCH 30, 2021

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Not ready for a full retail management solution? Consider creating an inventory management system in Excel. Choosing an Inventory Management System for Your Retail Business: A Buyer’s Guide.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

M19 Retail

DECEMBER 9, 2022

Mi9 Retail is a retail software platform that enables retailers to automate and optimize their merchandise management, store operations, retail analytics, and eCommerce. 5 – Apparel Vendor Leaders. #7 Health crisis: what impact on supply management in points of sale? 7 – Mid-Size Vendors. #7

Merchant Services 40

Merchant Services Department Stores Point of Sale Apparel 40

I Vend

JANUARY 13, 2022

Not surprisingly, the biggest source of returns is wearable items – with the top five being clothes, men’s dress shirts, shoes, make-up, sports apparel. It’s essential to be able to manage inventory in one place , so that you know exactly what is where and can move the returned items to where they need to be.

Customer Experience 98

Customer Experience Returns Management Inventory Management 98

Inside Retail

AUGUST 17, 2021

As a robotics and digital apparel company, Unspun manufactures jeans on demand, with a mission to cut carbon emissions by one per cent. It’s not just an apparel brand solving a significant sizing problem; Unspun has also developed proprietary software that other global brands are leveraging to reduce waste in manufacturing.

Fashion 130

Fashion Beauty and Health Apparel Accessories 130

Retail TouchPoints

FEBRUARY 2, 2021

Pre-pandemic, there were some companies that were further on than others — especially in our sector, retail and apparel — but was [transparency] really integral to the way that they needed to operate for all the right reasons?” said Sarah Clarke, EVP of PVH Supply, North America at PVH during the webinar.

Inventory Management 167

Inventory Management Apparel ATS Management 167

Inside Retail

OCTOBER 16, 2022

While the apparel sector is leading the adoption of RFID tags in Australia, Ramp is now seeing traction in the personal care sector, sporting goods, accessories, eyewear, and – more recently – liquor and furniture stores.

Customer Experience 147

Customer Experience Sporting Goods Inventory Management Management 147

Inside Retail

OCTOBER 11, 2023

The retail giant has since sold Bonobos to WHP Global and Express for $75 million, after paying $310 million for the apparel brand in 2017.) Bypassing intermediaries means brands control the trade margins through sales, marketing and inventory management.

Dead-Stock 130

Dead-Stock Consumer Kiosk Inventory Management 130

Retail TouchPoints

MARCH 13, 2023

The result is a carousel of styled looks at the bottom of every PDP that shows the featured product along with complementary apparel and accessories. Puma has deployed the solution across product detail pages (PDPs) both on its website and its newly launched app in the U.S. and Canada.

Visual Merchandising 257

Visual Merchandising Shopping Customer Retention Sporting Goods 257

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

billion on clothing and fashion apparel (20 %), $2.4 A gility, connectivity and scalability are key to ChainDrive Jewelry Software retailers who rely on smart order management system to improve their operations and bottom-lines. In fact 21 per cent of respondents to the survey have intentions to spend an average $5.8

Jewelry 52

Jewelry Point of Sale Specialty Store Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

billion on clothing and fashion apparel (20 %), $2.4 A gility, connectivity and scalability are key to ChainDrive Jewelry Software retailers who rely on smart order management system to improve their operations and bottom-lines. In fact 21 per cent of respondents to the survey have intentions to spend an average $5.8

Jewelry 52

Jewelry Specialty Store Point of Sale Inventory Management 52