Remove ATS Remove Inventory Management Remove Jewelry
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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. According to the National Retail Federation (NRF), retailers lose an estimated $50 billion annually due to inventory distortion, which includes overstock and out-of-stock issues.

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How Data and Tech Power Jewelry Brand Pandora’s Mission to ‘Give a Voice to People’s Loves’

Retail TouchPoints

Source: Pandora) Best known for its charm jewelry, the “affordable luxury” brand sells more than 100 million pieces every year, making it the largest jewelry brand in the world by volume. The store side of things is still important because it’s a product that people want to interact with.

Jewelry 283
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Rogers & Hollands Boosts Customer Service With Mobile POS System

Retail TouchPoints

Rogers & Hollands , an omnichannel jewelry retailer, recently implemented Oracle Retail Xstore Point-of-Service throughout its more than 70 stores. BTM Global led the implementation. BTM Global was instrumental in helping us rapidly deploy the new mobile retail POS and driving quick wins to evolve our in-store guest experience.”.

Jewelry 278
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How Brands Can Turn Viral Moments into Lasting Consumer Loyalty

Retail TouchPoints

Traditional inventory management, where products are neatly stored and processed in batches, may not cut it in this environment. On average, shoppers say theyre willing to wait five to seven business days for non-essential items like home decor, jewelry and apparel. How do brands handle this kind of viral product moment?

Consumer 277
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Nordstrom Issues Supplier Mandate for RFID Tagging

Retail TouchPoints

Products that do not yet require RFID are mostly cosmetics, along with some household products and jewelry. “By improving inventory management through RFID technology, both retailers and suppliers can aim for increased sales due to a more accurate supply chain,” said Michael Brown, President of Pax Tag & Label.

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Paper Store POS Upgrade Untethers Associates, Boosts Productivity

Retail TouchPoints

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).

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Holiday 2022 Recap: Promotions, BOPIS Drove Late-Season Engagement as Overall Growth Slowed

Retail TouchPoints

but at its lowest rate in years: up 3.5% lift, although another expensive category, jewelry, landed in the 2.4X BOPIS peaked at 35% of all orders on the Friday before Christmas, up from an average of 20% , according to Salesforce. The 2022 holiday season showed slow, but steady, improvement for the retail industry.