Remove Consumer Remove Planning Remove Shrinkage
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The Future of Ecommerce Demands a Better Understanding of Online Consumer Journeys

Retail TouchPoints

While that may seem odd to say, given the extent that ecommerce now pervades most consumers’ everyday shopping, the current hot take from some industry analysts is that ecom growth has slowed and brick-and-mortar retail is on the rise. Whilst a provocative headline, that’s not exactly what we’re seeing on the ground.

Consumer 301
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New merchandise offering boosts The Reject Shop’s top line

Inside Retail

With cost of living pressures remaining elevated, customer demand remained robust for low-priced consumables that represent great value, particularly branded products,” the firm said. Meanwhile, general merchandise sales were down, with planned lower average selling prices largely offset by strong unit volume growth. million, down 16.1

Shrinkage 255
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99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down

Retail TouchPoints

The demise of 99 Cents Only points to a larger weakness in the dollar-store category, Brad Thomas, Equity Research Analyst at KeyBanc Capital Markets told Yahoo Finance , pointing to Dollar Tree ’s plans to close nearly 1,000 locations over the next several years.

Location 257
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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. What does this mean exactly?

Shrinkage 302
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Smaller Spaces, Bigger Tech and Optimized CX

Retail TouchPoints

Controlling traffic volume and giving the perception of control and exclusivity to the consumer is one way to make the most out of each square inch. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. Meanwhile, 34% of millennial and Gen Z consumers are interested in livestream shopping.

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

Retail Focus

This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers. This liberates valuable time for retailers to concentrate on core business activities and strategic planning.

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Retail’s Last-Mile Challenge

Retail TouchPoints

The problem became even more acute amid the pandemic, with consumers increasingly coming to expect free delivery and returns. Walmart in late November 2020 announced plans to acquire the platform, intellectual property and staff of last-mile delivery startup JoyRun. Those numbers don’t include $17.78