Retail TouchPoints

AUGUST 13, 2020

I had an inventory problem. Every business has to manage excess capacity and/or inventory: restaurants have excess food and empty tables; hotels and homeowners have vacant rooms; retailers have overstock and returns. Applying Marketplace Dynamics To Excess Inventory. Dealing With Excess Capacity.

Apparel 279

Apparel Inventory Management Finance Returns 279

Retail Dive

FEBRUARY 27, 2025

The apparel company will build a forecasting model using Blue Yonder’s supply chain planning solutions.

Inventory Management 88

Inventory Management Planning Management Apparel 88

Retail TouchPoints

DECEMBER 13, 2024

J.Jill President and CEO Claire Spofford will retire in April 2025 and the womens apparel brand has hired an executive search firm to find her successor.

Inventory Management 260

Inventory Management Apparel Marketing Management 260

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. Amazon’s done this before… just not for apparel. The goal is an Everything Apparel Store IRL. The King of Ecommerce is no stranger to brick-and-mortar — far from it.

Payment Services 263

Payment Services Apparel Inventory Management Department Stores 263

Inside Retail

NOVEMBER 23, 2023

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

I Vend

APRIL 2, 2025

If youre an ambitious mid-sized retailer, youre probably aware of retail management software, and understand that it can be a powerful tool to help you automate and streamline your operations. You know that its more than simply a point of sale, and that it offers a comprehensive platform for managing the entire retail operation.

Management 52

Management Payment Services Inventory Management Point of Sale 52

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 240

Inventory Management Apparel Shopping Management 240

Shopify

JUNE 19, 2024

Learn how an apparel inventory management system can streamline your clothing business. Reduce stockouts, lower carrying costs, and meet customer demand.

Inventory Management 52

Inventory Management Apparel Management 52

Retail TouchPoints

AUGUST 5, 2024

The Paper Store promises top-notch customer service in its 100+ brick-and-mortar stores, with associates helping shoppers choose from its widely varied assortment of apparel, accessories, jewelry, water bottles and even packaged food from Stonewall Kitchen (along with paper, pens and school supplies, of course).

Inventory Management 264

Inventory Management Point of Sale Promotions Jewelry 264

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 304

Drop-Shipping Jewelry Shipping Inventory Management 304

Retalon

AUGUST 2, 2023

In this article, we'll explore the fundamentals of apparel inventory management. The post Mastering Apparel Inventory Management in 2023 appeared first on Retalon. We'll discuss the pitfalls of old-school approaches and see how predictive analytics helps retailers sail smoothly into the future.

Inventory Management 41

Inventory Management Apparel Management 41

Retail TouchPoints

APRIL 19, 2024

RFID Technology and Sustainability RFID technology is the key for retail businesses to unlock greater sustainability and efficiency in their supply chain management. In this way, RFID technology can allow retailers to manage their inventory better and ensure that resources are only being used for products that sell.

Supply Chain Management 264

Supply Chain Management Fast Fashion Apparel Shipping 264

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 295

Promotions Sporting Goods Jewelry Inventory Management 295

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 364

Apparel Inventory Management Consumer Shopping 364

Retail TouchPoints

MARCH 18, 2021

Shoppers across demographics now routinely order their groceries online just as they already did their books, electronics, and apparel. Online grocery’s previously lethargic rate of adoption meant that grocers lagged other retail sectors in multichannel merchandising systems, customer data management and fulfillment technology.

Fulfillment 246

Fulfillment Grocer Inventory Management Customer Experience 246

Retail TouchPoints

AUGUST 13, 2024

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. It’s critical in seasonal apparel, too – think about swimwear, fall and winter accessories and the many other items that have an end to their selling seasons.

Markdowns 311

Markdowns Loss Prevention Customer Experience Inventory Management 311

Retail TouchPoints

OCTOBER 4, 2024

” , experts from leading analyst firm Kearney and tax management solution provider Vertex revealed five steps retailers can take to lessen the pain of returns when they do happen — and to help prevent at least some returns in the first place. Additionally, visual UGC, particularly with apparel sales, is vital.

Returns 263

Returns Inventory Management Consumer Management 263

Retail TouchPoints

MAY 17, 2024

However, it’s not just apparel purchases that benefit. Inventory optimization. Another way AI can assist is with inventory management solutions, with it recommending the most efficient way to manage a return. Think about buying furniture as AR and mixed reality become more commonplace.

Returns 278

Returns Fulfillment Inventory Management Apparel 278

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 317

Planning Wholesale Customer Experience Store Operations 317

Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. We all know that omnichannel is a challenge to manage against the product and customer objectives of your brand or business. This means you can get the most out of each product you are selling.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

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. Tyler Wells is the North American Sales Manager for MicroTouch. distribution strategy.

Advertising 246

Advertising Sporting Goods Returns Inventory Management 246

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.

Shipping 200

Shipping Fulfillment 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

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. How Is Excess Inventory Optimized? Technology has revolutionized the way brands manage their excess inventory.

Inventory Management 165

Inventory Management Apparel Fashion Specialty Store 165

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 278

Store Operations Shipping Fulfillment Store Layout 278

RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

Yet, many apparel retailers find themselves grappling with a myriad of challenges that hinder their growth and efficiency. From inventory management woes to order processing bottlenecks, the complexities of running a fashion business can often feel overwhelming.

Apparel 52

Apparel Fashion Inventory Management Management 52

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 235

Outdoor Markdowns Apparel Fulfillment 235

I Vend

JANUARY 13, 2022

iVend Retail Management Suite iVend’s retail technology helps retailers in returns management. Check out our flexible POS, loyalty program and inventory visibility systems. But managing refunds can be costly and time-consuming. In-store vs DC – the pros and cons.

Customer Experience 98

Customer Experience Returns Management Inventory Management 98

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 287

Merchant Services Payment Services Promotions Location 287

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 294

Shopping Consumer Planning Inventory Management 294

Inside Retail

AUGUST 1, 2024

Kontoor Brands, parent of apparel labels Wrangler and Lee, has again raised its full-year guidance after reporting “better-than-expected” results for the second quarter. The company’s revenue outlook remains in the range of US$2.57

Inventory Management 130

Inventory Management Wholesale Apparel Consumer 130

Inside Retail

JULY 14, 2024

But for an apparel company, where the cheapest product might be a $3 pair of socks, the most expensive a $200 jacket, the benefits of using RFID tags now justify the cost. Fast Retailing began embedding RFID tags in apparel back in 2017. By 2018, that cost had dropped to between 3c and 8c and today, in volume, as little as 4c.

Checkout 244

Checkout Payment Services Apparel Inventory Management 244

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

SEPTEMBER 20, 2022

Product Information Management (PIM) and automation “deliver immense value for businesses that need to scale and support efficient growth across numerous markets”. For example: A single source of product data can ensure consistency and ease team management.

Fulfillment 147

Fulfillment Inventory Management Management Apparel 147

RETAIL MANAGEMENT SOFTWARE

APRIL 12, 2022

ERP is a suite of customizable applications that enables retailers to integrate and manage all major operations smoothly, including handling multi-location stores, frequently moving stocks, pricing changes, discount offers on products, and much more. Employee management. ERP software also allows retailers to manage human resources.

Planning 111

Planning Inventory Management Point of Sale Management 111

Inside Retail

DECEMBER 12, 2024

IR : How is the growing popularity of brands like On and Soar shaping your approach to product curation and inventory management? However, the divisional mix such as footwear vs. apparel vs. accessories may differ, including the brand percentage mix, as this would have to support the relevant brand demand value in each market.

Outdoor 130

Outdoor Marketing Inventory Management Store Layout 130

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