Remove Apparel Remove Inventory Management Remove Loss Prevention
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Tilly’s Partners with Nedap to Elevate Omnichannel Strategy

Retail Focus

Nedap (AMS:NEDAP), the global leader in RFID solutions, is pleased to announce a new partnership with Tillys, a leading specialty retailer of casual apparel, footwear, and accessories. Behind the Decision Tillys chose Nedaps iD Cloud due to its powerful EPCIS repository capabilities, allowing for a fully integrated RFID approach.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting. This means you can get the most out of each product you are selling.

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Navigating AI Adoption: Why the Co-Pilot Approach is the Most Successful  

Retail TouchPoints

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Retailers can automate markdowns to minimize revenue loss and increase profitability, which can be especially important for seasonal retailers.

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

Wiser

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.

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Jason & Scot Show Episode 301 Annual Predictions 2023, Year-End Recap, NRF Big Show

Retail Geek

Yes Shein exceeds $30B in annual sales, disrupting apparel industry Yes Adoption of BNPL services slows down to less than 15% CAGR in 2022. The AI for inventory management is super interesting like these models that are doing demand forecasting that are doing kind of.