Retail TouchPoints

JUNE 6, 2022

The profit margin at grocery has always been razor-thin, and now, with online grocery growing in popularity, retailers must add the costs of picking individual orders and doorstep delivery to their already tight balance sheets. Especially after COVID people are quite used to staying at home and shopping for groceries online,” said Chen.

Grocer 267

Grocer Inventory Turnover Fulfillment Shopping 267

Retail Smart Guys

MARCH 15, 2023

It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow. 4 Monitor your operating expenses You can have a strong marketing strategy, yet this will be ineffective if your operating expenses are above the roof.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

Retalon

FEBRUARY 10, 2022

So, a retailer who wants to gain the competitive edge while avoiding undue losses, needs to be able to spot the indicators of bad inventory and know how to fix them at the root. What is bad inventory called? What is bad inventory called day-to-day? Indicators you’re managing bad inventory. Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Inventory/supply chain.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Independent Retailer

AUGUST 1, 2022

Disruption at the early stages goes unseen, and businesses do not feel the consequences until there are empty spaces where products should be. Retailers need tools that can connect and correlate all inventory data with the impact of external events. Adapt or Lose Customers. By then, it is too late.

Inventory Management 69

Inventory Management Management Inventory Turnover Supply Chain Management 69

Rain Pros

MARCH 6, 2024

Categorizing a store’s inventory allows the owner to make quicker and more informed decisions about ordering new inventory. Offering more of what sells and less of what doesn’t increases efficiency by minimizing overstock and accelerating inventory turnover, leading to higher profits.

Inventory Management 40

Inventory Management Inventory Turnover Point of Sale Accounting 40

V Count

JANUARY 11, 2023

Your arsenal is now more prosperous than ever (in terms of providing a better guest experience and maximizing your revenue); however, this also means the market is more competitive. Combining your store’s people counting information with your POS system’s data will show you what items at your stores sell the most and which aren’t.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

Retalon

AUGUST 14, 2023

Adopting a modern solution can directly impact key performance indicators including: Increasing Sales Revenue Ensuring you have the right products at the right locations is fundamental for driving sales. Improving Inventory Turnover Excess stocks tying up cash flow are the bane of any retail business. The bottom line?

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Retalon

FEBRUARY 15, 2024

This technological marvel aids in refining inventory management, shaping marketing strategies, and sculpting pricing frameworks, contributing significantly to sales upliftment and fortified customer allegiance. in 2022, hinting at the burgeoning reliance on these sophisticated tools.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

Shopper Motion

DECEMBER 16, 2020

They also contribute to the profitability of the company by fostering sales via marketing and in-store promotions and they manage everything related to product inventory, either they order new items or try to improve the speed of inventory turnover. Distribution of shopping missions during a week. Conversion funnel.

Management 52

Management Promotions Inventory Turnover Supermarket 52

Retalon

AUGUST 5, 2020

Is the right product getting to the right place at the right time? But of the myriad options, what are the KPIs in retail that will truly drive profitability and make the best use of a retailer’s substantial inventory investment? Inventory Turnover Ratio 3. Inventory Turnover Ratio. Inventory Turnover Ratio.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41