Retail Minded

MARCH 16, 2024

Uncovering Hidden Efficiencies: AI-Driven Inventory Management Inventory management is the backbone of retail, and AI sharpens this critical function. Increased customer satisfaction and loyalty — because when customers feel understood, they are more likely to return. The result?

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Checkout Inventory Management Clienteling Point of Sale 98

Retail TouchPoints

MARCH 11, 2021

A frictionless return experience is critical. The survey found that returning an item ranked as the No. However, 60% of retailers surveyed do not allow shoppers to return or exchange an item during checkout, adding an unnecessary obstacle to flipping the return interaction from a loss to a profit.

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Fulfillment Inventory Management Returns Point of Sale 300

Retail TouchPoints

FEBRUARY 20, 2023

Actionable data can also help retailers with inventory management across all locations. If the customer needs more information or help, these systems are particularly good at alerting retail managers to know quickly that a customer service action is needed. Tyler Wells is the North American Sales Manager for MicroTouch.

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Advertising Sporting Goods Returns Inventory Management 228

Inside Retail

NOVEMBER 27, 2023

Conversely, they might spot an item in a store, compare prices on their smartphone, and choose either to take it to the checkout or order it online for home delivery. Furthermore, AI’s predictive analytics capabilities enable retailers to anticipate demand surges or dips and adjust their inventory accordingly.

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Consumer Checkout Inventory Management Shopping 147

Retail Focus

JANUARY 12, 2023

Checkouts. A robust, streamlined, automated checkout will help boost sales significantly as customers can quickly move from the RFQ/quotation stage to placing an order online literally anytime, anywhere. . Inventory Management. No company likes having goods sent back any more than customers like returning them.

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Payment Services Inventory Management Returns Checkout 130

Inside Retail

OCTOBER 21, 2021

“Consumers will expect a frictionless shopping experience and they will expect retailers to offer convenient options such as Click-and-Collect, Buy Now, Pay Later, flexible shipping, easy returns and multiple payment options to make shopping more convenient.”.

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Returns Merchant Services Shipping Payment Services 130

I Vend

APRIL 9, 2024

Mobile POS is one of the fastest growing retail trends – with store associates being armed with devices that run the same cloud-based POS software as the fixed checkouts, enabling payment, inventory management and loyalty anywhere in the store. Mobile POS System iVend mobile POS takes service to customers in the aisle.

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Payment Services Point of Sale Inventory Management Checkout 52

I Vend

MARCH 20, 2024

Mobile POS is one of the fastest growing retail trends – with store associates being armed with devices that run the same cloud-based POS software as the fixed checkouts, enabling payment, inventory management and loyalty anywhere in the store. Mobile POS System iVend mobile POS takes service to customers in the aisle.

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Payment Services Point of Sale Inventory Management Checkout 52

Retail TouchPoints

JANUARY 20, 2022

Other tech integrations that will enable a “seamless and elevated shopping experience” include new inventory management systems , new technology to support customer service and the Amazon One palm recognition payment system for fast checkout. There will be humans working the store too.

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Payment Services Apparel Inventory Management Department Stores 226

Inside Retail

MARCH 7, 2024

Other KPIs that the brand monitors include sales volumes across channels, overall revenue growth and the returns rate, which is crucial for maximising profitability and customer satisfaction. Loyalty is an area of significant importance for Nakedvice, especially in a market where price is a primary concern for consumers. “We

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Inside Retail

APRIL 25, 2023

This can be seen by the adoption of QR codes – the use of which accelerated amid Covid-19 restrictions – self checkout in supermarkets and autonomous mobile robots, which are being utilised by major retailers for (among other things) logistical, supply chain and other inventory management tasks. The scenarios are endless.

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Shopping Payment Services Inventory Management Supply Chain Management 130

Star Miconics

OCTOBER 6, 2023

When patrons have a seamless transaction process, they’re more likely to think highly of your brand and return, fostering a loyal customer base and boosting your long-term sales. This also allows for quick and convenient change-making, contributing to a smooth checkout process. It’s a win-win.

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Payment Services Marketing ATS Checkout 97

Independent Retailer

JANUARY 19, 2023

As crowds returned to in-person shopping this past year, one of the key areas of focus has been improving the storefront itself. With an omnichannel customer strategy, real-time inventory management, returns of online goods, personalized shopping, and touch-free, frictionless checkouts, a proper IT network in place is critically important.

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Payment Services Inventory Management Checkout Customer Experience 55

Retail TouchPoints

JULY 11, 2023

But the NFL has an edge, as it has led the way in adopting technologies like network analytics and cloud management solutions that make it easier to ensure the network can handle demands from both fans and operational teams. Or retailers can put AI to use in automated inventory management.

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Payment Services Inventory Management Consumer Returns 185

Inside Retail

JANUARY 24, 2023

After so much Covid-19 disruption and damage, the National Retail Federation’s (NRF) Big Show returned to the Big Apple with an equally big bang last week. As consumers return to stores post-pandemic, they are seeking out intuitive and personalised interactions that surprise and delight, with the option for frictionless self-service.

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Fulfillment Customer Experience Consumer Returns 130

Rain Pros

AUGUST 18, 2023

Platforms with good logistics integration capabilities can ensure you can manage orders efficiently, provide accurate shipping information and streamline operations. It should have an intuitive interface and navigation, clear product categorizations and descriptions, and streamlined checkout processes.

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Payment Services Drop-Shipping Shipping Inventory Management 52

Rain Pros

AUGUST 18, 2023

Platforms with good logistics integration capabilities can ensure you can manage orders efficiently, provide accurate shipping information and streamline operations. It should have an intuitive interface and navigation, clear product categorizations and descriptions, and streamlined checkout processes.

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Payment Services Drop-Shipping Shipping Inventory Management 52

Inside Retail

DECEMBER 5, 2023

There are literally hundreds of thousands of small independent grocery shops in Thailand, many of them without inventory management systems and occupying spaces that are distinctly lacking in glamour and décor. Enter the Donjai concept. The total is roughly the same amount of floorspace as its own direct retail operations.

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Inventory Management Shopping Checkout Location 130

365 Retail

MARCH 29, 2022

Keeping pace with consumer trends and changing behaviours is key to the success of retail operations, particularly when managing the impact of current global events on supply chains to ensure they’re able to consistently meet demand. . Trying before buying’ will play a big part in contributing towards the growing volume of returns in 2022.

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Consumer Payment Services Inventory Management Returns 52

Nvidia

JANUARY 13, 2022

and “What happens to my margins if Susie Consumer purchases three of the same dresses online and returns two?”. AiFi, AWM and Trigo’s autonomous shopping platforms, each shown at NRF, provide a seamless store checkout process. Customers can walk into a store, grab the items they want and pay with their mobile phone on their way out.

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Shrinkage Checkout Inventory Management Point of Sale 115

I Vend

SEPTEMBER 1, 2022

McKinsey’s research into the way that retailers managed cost reductions in the Great Recession of 2007-2009 found that ‘resilient retailers’ reduced their costs by two percentage points, while their ‘non-resilient’ counterparts increased theirs by the same amount. Fast, reliable retail POS system and contactless payments for smooth checkout.

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Dead-Stock Payment Services Sporting Goods Inventory Management 98

I Vend

JANUARY 11, 2024

January is the season of returns – the rate at which shoppers bring back goods in the post-holiday returns period jumps by almost 9% * compared to the rest of the year. iVend helps retailers iVend helps retailers optimise their post-holiday returns processing. Read how the best POS system supports efficient returns handling.

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Returns Management Inventory Management Point of Sale 52

Inside Retail

JULY 17, 2022

We chat with Stephan Veyret, managing director of Decathlon Singapore to find out what’s next for the business. Using a combination of RFID tags and cashless payments, customers at our Decathlon stores are able to checkout their products without needing to scan the products’ barcodes.

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Payment Services Kiosk Checkout Fulfillment 130

Retail TouchPoints

APRIL 13, 2021

The 15 sessions, now available on demand, encompass critical areas of the retail enterprise, including: customer loyalty strategies; visual tech developments such as AR and 3D modeling; fulfillment and delivery management; the power of social networks; fast-growing Buy Now, Pay Later services; and the all-important customer experience.

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Consumer Payment Services Fulfillment Advertising 139

Rain Pros

AUGUST 17, 2023

Customer Relationship Management (CRM) System The relationships you build with customers dictate the fate of your business. The streamlining of customer data also helps retail business owners and managers develop marketing initiatives and choose the best marketing tools to develop a mutually beneficial rapport.

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Retail Marketing Payment Services Marketing Value Offer 52

V Count

FEBRUARY 26, 2024

Here are some proven techniques and strategies that can help you improve your retail store’s conversion rate and return on investment. This means you must return to the drawing board and understand why you failed to convert this visitor into a customer. This happens way more often than you think.

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Visual Merchandising Target Market Management Promotions 52

V Count

FEBRUARY 26, 2024

Here are some proven techniques and strategies that can help you improve your retail store’s conversion rate and return on investment. This means you must return to the drawing board and understand why you failed to convert this visitor into a customer. This happens way more often than you think.

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Visual Merchandising Target Market Management Promotions 52

Wiser

AUGUST 13, 2019

Ensure your inventory management is working properly. Do regular spot checks of shelves to check for stock levels, and make sure you don’t have any phantom inventory messing with your data. Optimize Category Management. For starters, think back to category management. Here is what you can do today: 1.

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Marketing Store Layout Promotions Inventory Management 103

Rain Pros

MAY 1, 2023

Customer Relationship Management (CRM) System The relationships you build with customers dictate the fate of your business. The streamlining of customer data also helps retail business owners and managers develop marketing initiatives and choose the best marketing tools to develop a mutually beneficial rapport.

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Retail Marketing Payment Services Marketing Value Offer 52

Inside Retail

MARCH 17, 2022

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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Storis

JUNE 25, 2019

This made up for the fact that no employee, not even the manager, knew what came in or out of the store on a given day. We were required to have the piece at checkout, even though it often returned to the warehouse until the customer could come to pick it up. We did everything through memorization, and it normally worked.

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Home Furnishings Checkout Inventory Management Management 52

Theatro

MARCH 31, 2022

Automating systems throughout the store make everyday responsibilities such as inventory management, employee scheduling, task assignment, and customer checkouts take a fraction of the time. And with those time savings, stores can operate leaner without sacrificing service capabilities. . Optimize your in-store experience.

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Customer Experience Inventory Management Checkout Fulfillment 52

Retalon

SEPTEMBER 22, 2021

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers can reserve an item from an online inventory. Customers are able to view the item before purchase, minimizing returns.

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Fulfillment Payment Services Inventory Management Shipping 41

Frank Mayer

OCTOBER 12, 2020

While more shoppers return to stores, retail self-service kiosks offer the safe contactless experience and endless aisle options they now seek. Some key takeaways included: 67 percent of global consumers say they’ve already returned to non-essential retail stores. Endless Aisle Kiosks Fill the Inventory Gaps.

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Kiosk Returns Inventory Management Checkout 52

I Vend

JANUARY 6, 2023

The holiday season is a time for shopping and gift giving – and the New Year is the time for…returns and product return management for retail businesses. Shoppers return goods all year of course, but the post-holiday weeks see an increase in items coming back to stores.

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Returns Management Inventory Management Point of Sale 95

RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2020

Moreover, retailers have improved their customer journey experience with personalization, visualization, and agile checkout capabilities as well as the ability to capitalize on any ecommerce activities which the customer may have started on various media platforms. The ability to manage various operations cross different is mission critical.

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Payment Services Drop-Shipping Shipping Point of Sale 61

Retalon

APRIL 27, 2021

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. to optimize inventory for gross margins. Retail AI can apply this process when customers return their purchases. check out their story here).

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Fulfillment Markdowns Promotions Returns 41