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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

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. A new context can turn a stale item into a must-have.

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How retail COOs are pursuing a seamless supply chain

Inside Retail

Our customer expects things quicker, the process to be more seamless, the ability to do returns, and better advice all of which has a cost associated, Millar said. Reinventing inventory management Since the onset of the pandemic, consumer demand has fluctuated and forced retailers to reassess their inventory management and processes.

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Chico’s Forms Partnership to Speed Development of Technological Innovation

Retail TouchPoints

Additionally, fabric’s inventory management capabilities will help the retailer improve accuracy and transparency across all three of its banners to boost the customer experience. In return, fabric will tap Chico’s expertise as an omnichannel boutique retailer to drive its own development and innovations. “We

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Is unified commerce the new holy grail?

Inside Retail

Unified commerce is the new holy grail for retailers, promising previously unheard-of levels of customer insights and control over all elements of sales and inventory management. Buy online, return in-store. Smarter inventory management enabled by unified commerce allows stores to resell the item or return it to the warehouse.

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Retail Inventory Management Software: Streamlining Your Business for Success

RETAIL MANAGEMENT SOFTWARE

In the ever-evolving world of retail, efficient inventory management is the key to success. Retail Inventory Management Software, often abbreviated as RIMS, has become an indispensable tool for retailers of all sizes. What is Retail Inventory Management Software?

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Resilient & Fraud-Resistant POS Operations with iVend Retail

I Vend

Whether you run a grocery chain that scans thousands of SKUs an hour or a boutique with unpredictable footfall, a point-of-sale outage stalls revenue, frustrates shoppers, and invites errors that open the door to fraud. Fraud can cost retailers millions annually—not just in stolen goods or false returns, but in eroded customer trust.

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Meet Nakedvice, the brand founded by best friends in the Sportsgirl stockroom

Inside Retail

It also has a wholesale presence in over 60 boutiques across Australia, Canada and Japan, as well as major Australian retailers including Myer, The Iconic, Universal Store, Princess Polly and Showpo. Expansion plans will be supported by the opening of a second boutique in Victoria and a third in New South Wales by the year’s end.

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