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Mastering Apparel Inventory Management in 2023

Retalon

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.

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Oroton trebles profit after rigorous cost-control measures

Inside Retail

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.

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Think Big, Act Small — Manageable Changes to Bolster Your Marketing Now

Retail TouchPoints

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.

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The Global Reach and Sustainable Impact of Green RFID Technology

Retail TouchPoints

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.

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Yutori Taps PLM Software to Prepare for Rapid Growth and Future IPO

Retail TouchPoints

Japanese DTC fashion startup yutori has selected Centric Software ’s Product Lifecycle Management (PLM) solution. Japanese DTC fashion startup yutori has selected Centric Software ’s Product Lifecycle Management (PLM) solution.

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Returns Reimagined: How Tech Can Help

Retail TouchPoints

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.

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Excess Inventory: The Losers And Wieners

Retail TouchPoints

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.

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