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99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down

Retail TouchPoints

” Simoncic, who is also a Managing Director at consulting firm Alvarez & Marsal (A&M), will step down; fellow A&M Managing Director Chris Wells will take over as Chief Restructuring Officer to help facilitate the wind-down.

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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. What does this mean exactly?

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The Rise of Micro Markets in Airports

Retail TouchPoints

Having more kiosks for customers to check in at also allows staff to be more flexible. This information can be of great value when deciding which products to order and what price to sell them at. They are no longer stuck behind the counter but can walk around and assist those who need help. Before relocating to Hunt Valley, Md.

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Stop out of stocks denting your profits this holiday season

I Vend

Here we take a look at how retail technology can help to streamline the top 10 key retail processes, and how a unified retail POS pulls them all together into a single, highly optimized retail operations platform. Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail.