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Product Substitution: How Savvy Retailers and Manufacturers can Build Supply Chain Resiliency, Reduce Costs and Improve Customer Experiences

Retail TouchPoints

The letdown customers experience when their orders don’t arrive on time, or at all, results in uncertainty and distrust that’s difficult — if not impossible — to remedy. Retailers can expect that customers will turn to other vendors; once this happens, they’ve lost both the sale and the customer’s trust and loyalty.

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How is AI Reshaping the Retail Industry

Retail Gazette

Artificial Intelligence (AI) is revolutionising the retail industry, fundamentally changing how businesses operate and interact with customers. With the integration of AI-powered technologies, retailers can enhance customer experiences, optimise operations and drive revenue growth.

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Zalora exec talks immersive retail and personalised customer journeys

Inside Retail

As the year-end shopping season kicks off, Zalora , one of Asia’s leading online fashion retailers, and part of Global Fashion Group (GFG), is ramping up its marketing to capture consumers’ attention. It facilitates wider brand reach, quicker inventory turnover, and direct engagement, thereby fostering increased brand loyalty.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers. Inventory Management Efficiently managing inventory is essential for meeting customer demands while minimizing carrying costs. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

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Streamlining Retail Operations With Innovative Tech Solutions

365 Retail

Optimizing Inventory Management Proper inventory control is crucial for any retail business. However, manual methods are time-consuming and prone to errors. Enter smart inventory management systems. Streamlining Checkout and Payments Long checkout lines are a great way to frustrate customers and lose sales.

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

Customer experience. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers. Time-consuming, expensive and prone to errors, this approach is difficult to scale without the aid of retail technology like advanced analytics.

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Boost Sales & Loyalty: Mastering Retail Analytics Insights [2024]

Retalon

The integration of artificial intelligence (AI) and machine learning into retail operations is revolutionizing how businesses predict demand, personalize customer experiences, and make informed decisions regarding product allocations. Prescriptive analytics suggests actionable steps based on analyzed data.