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

Inside Retail

If you’re looking at this over a time period, the greater benefits [will come] in FY25-26,” Bailey said. We’re confident that we can continue to hit the lowest price in the market, and make good margins which are appropriate for our shareholder returns. Labour, leases, and clearance stock So, what are those levers?

Shrinkage 130
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Stores underwater, staff displaced: Floods take major toll on Aussie retail

Inside Retail

More than 20 Woolworths and Big W stores have been forced to close at some point, either because staff couldn’t get to work or the stores had flooded. We copped it from the front, but through the pipes at the back as well,” Kate Sommerville, marketing manager at The Somewhere Co, told Inside Retail. “If Narrow escape.

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As warehouses get greener, demand for eco-friendly packaging is soaring

Inside Retail

Saar Davidi, innovation director, automation, at Ranpak says a combination of new technologies and sustainable materials is making it easier for marketplaces and retailers to satisfy consumer expectations – and suggests that those not taking advantage of them are potentially leaving cost savings on the table. It’s paper or nothing.”.

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‘Like a ghost town’: Retailers react to the Omicron wave

Inside Retail

Foot traffic is down in CBDs and shopping centres as consumers return to working from home. We then struggle to get deliveries and stock, as their workers are also in isolation. Am I putting my staff at risk? The community at risk? At the start of the pandemic, with the first lockdown, our online sales doubled.

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WHAT IS FUELING THE REBIRTH OF PHYSICAL STORES?

Retail Minded

Very few retail leaders would argue that the role of physical stores are the same as they were at the start of 2020. While it’s almost inevitable that ecommerce growth will outpace growth through physical stores at some point in the future, it would be a huge mistake to lose sight of the critical role stores have to play beyond simply profit.

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12 Stockroom Organization Ideas and Guidelines to Implement in Your Retail Store

Retail Times

It’s where your management office will be located, where you’ll receive shipments, where your staff will first discover the exciting new inventory, and where your extra stock will live. There are quite a number of things you can do to set your stockroom up for success and keep it running at its peak. But if you mismanage it?

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Understanding Furniture Inventory Management Software in 2023

Retalon

Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. This software uses technology like barcode scanners, RFID, IoT sensors, and integrated ERP systems to monitor, track and manage your furniture stock. Furniture inventory management software offers a smarter solution.