This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. Why Overstock Is a Hidden Profit Killer Too much inventory may seem like a safety net. To get started, analyze your inventory data thoroughly.
Nedap (AMS:NEDAP), the global leader in RFID solutions, is pleased to announce a new partnership with Tillys, a leading specialtyretailer of casual apparel, footwear, and accessories. Tillys has always been at the forefront of innovation in digital retail, and their dedication to enhancing the shopping experience is evident.
This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventorymanagement and pricing at its core. The retailer’s conversion improved by 2 per cent due to better product descriptions created by GenAI.
Moreover, they can launch a targeted promotion for kitchenware, advertised at the store’s entrance and through social media channels and timed to coincide with the peak traffic on Saturday afternoons. Leveraging network analytics in inventorymanagement extends beyond maintaining optimal stock levels.
This has already started unfolding in the Australian market, which has historically been much more supportive of specialtyretailers. This may be the beginning of the end for traditional wholesale, where retailers buy stock in bulk and hold it themselves. Multichannel e-commerce experiences.
In the world of specialtyretail, where passion and a deep understanding of niche products and services meet, the quest for providing an exceptional shopping experience for your unique clientele becomes the heart and soul of every decision you make. So, jump into the future of specialtyretail with Rain Retail Software!
A short loss of connectivity may be manageableat head office with updates simply being sent once the network is back. iVend recognises this and our retailmanagement software uses what is called a hybrid cloud approach, which is the perfect solution for retail 1. Many of them do it very well.
In Australia, nearly half of consumers (48 per cent) are now shopping online at least sometimes. Brick-and-mortar supermarkets remain hugely important, but retailers need to consider and accommodate changing consumer expectations. AI also has an important role to play here with demand forecasting, inventorymanagement and logistics.
Lori’s Gifts Selects Mi9 Retail as its Enterprise POS Partner Fort Lauderdale, FL – June 2, 2025 – Lori’s Gifts, the nation’s leading operator of hospital gift shops, has announced its selection of Mi9 Retail’s enterprise point-of-sale (POS) solution to modernize and unify operations across its network of over 250 stores nationwide.
A Pet Shop Management System is an integrated software solution designed to manage the unique aspects of running a pet store. This system typically includes features such as inventorymanagement, sales processing, customer relationship management (CRM), employee scheduling, and financial reporting.
InventoryManagement Real-Time Tracking: Monitor stock levels in real-time to keep track of available inventory and ensure popular items are always in stock. Product Variants Management: Efficiently manage different sizes, colors, and types of craft supplies, ensuring accurate stock levels for each variant.
It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventorymanagement practices. A lower turnover ratio means inventory sits on shelves longer before being sold.
The Paper Store was selected for this award due to the technological innovation in it’s supply chain including the introduction of Retalon predictive analytics to optimize inventorymanagement and promotions. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.
The Paper Store was selected for this award due to the technological innovation in it’s supply chain including the introduction of Retalon predictive analytics to optimize inventorymanagement and promotions. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.
The Paper Store was selected for this award due to the technological innovation in it’s supply chain including the introduction of Retalon predictive analytics to optimize inventorymanagement and promotions. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.
Only with the right retail industry performance metrics can they answer questions like: Do they have the right product mix? Is the right product getting to the right place at the right time? Choosing the right Key Performance Indicators (KPIs) to measure and benchmark retail performance is essential to answering those questions.
Brands like Aritzia, Shein and Temu have become social media specialists at the heart of the customer experience and product development. Indeed, Shein and Temu are marketplace disruptors, offering a DTC experience online at unparalleled value. In the US alone, TikTok shop garnered 1.1
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content