Inside Retail

FEBRUARY 8, 2024

It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers. Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 251

Markdowns Retailing Pricing Promotions Fulfillment 251

Retail Smart Guys

DECEMBER 6, 2023

In the ever-evolving world of retail, one thing remains constant – the power of promotions to captivate shoppers and boost sales. Whether it’s the allure of clearance sales, the excitement of flash sales, or the intrigue of buy-one-get-one deals, retail promotions are an essential tool in any retailer’s arsenal.

Promotions 52

Promotions Inventory Management Returns Marketing 52

Retail TouchPoints

MARCH 15, 2024

Many companies can track their own digital shelf data, allowing them to align products across platforms, perform A/B testing and improve inventory management. Opportunities for digital shelf optimization heavily depend on the changes on competitors’ shelves and how customers react to them. How can Web Scraping Help?

Inventory Management 227

Inventory Management Telecommunications Location Marketing 227

I Vend

APRIL 5, 2023

These five features combine to help you minimise cost, delight your customers and steal a march on your competition. So let’s take a look at how to use data to improve customer experience – here’s our top seven tips: #1 Connectivity In today’s joined-up world, connectivity is essential. from 2023 to 2030, taking it up to US $85.11

Customer Experience 52

Customer Experience Payment Services Point of Sale Inventory Management 52

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 1: Demand forecasting. 2: Order cycle time.

Fulfillment 265

Fulfillment Returns Shipping Promotions 265

I Vend

OCTOBER 10, 2023

Read more The next best thing, however, for planning business growth, is research-based predictions, and last month, Retail Info Systems (RIS) brought retailers just that, in the form of their fourth annual guide to the peak selling season. * iVend helps retailers iVend helps retailers make the most of the holiday season.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces.

Merchant Services 238

Merchant Services Payment Services Promotions Location 238

Wiser

JULY 31, 2023

In addition, seasonal or promotional items that are not set up in time can result in lost sales and excess inventory that may need to be marked down, affecting your bottom line. 1: Regular Audits Conducting regular in-store audits allows brands to physically verify that stores are adhering to the planned layouts.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

I Vend

OCTOBER 16, 2023

Retailers have to grow their share of a finite wallet, making promotions and customer experience an essential part of the retail mix. Retailers have to be ready with promotions to attract these early birds, and harness their retail POS software to win their wallet.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Retail TouchPoints

SEPTEMBER 7, 2022

The pandemic led to a surge in ecommerce, yet there are signs of reawakening life in the brick-and-mortar experience, and physical stores are seeking to regain market share. Above all, retail brands have learned that customer experience is key and that shoppers are demanding new levels of convenience.

Kiosk 234

Kiosk Inventory Management Management Accounting 234

CJ Retail Solutions

DECEMBER 11, 2023

Impact on customer experience and brand perception 1.3 Creating a cohesive and consistent brand experience Utilising Space Effectively 3.1 Incorporating digital signage for promotions 6.2 Utilising interactive displays for customer engagement 6.3 Training staff to enhance the customer experience 9.2

Inventory Management 52

Inventory Management Point of Sale Store Layout Customer Experience 52

Inside Retail

FEBRUARY 23, 2023

This market has long been key to the Levi’s East Asia Pacific expansion plans. Huisamen said that the business is committed to upskilling its staff around machine learning, design thinking and digital product management. Leveraging data and AI has also played a role in optimising promotions and improving inventory management.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail TouchPoints

JULY 14, 2023

Generative AI is set to revolutionize ecommerce, enabling a more interactive and personalized shopping experience, which is integral to both attracting and retaining customers. In the crowded landscape of ecommerce, a positive customer experience across every aspect of an order has become intrinsic to online success.

Fulfillment 195

Fulfillment Dead-Stock Customer Experience Inventory Management 195

Retail TouchPoints

OCTOBER 14, 2021

One of the best ways to do that, and a tactic retailers of all sizes already are employing, is by offering customers deals they can’t refuse. That’s a key reason that the the holiday promotions cycle has kicked off earlier than ever before , with Amazon, Walmart and Target leading the charge. Early Birds Get the Products.

Marketing 284

Marketing Promotions Consumer Customer Experience 284

Retail Minded

MAY 17, 2024

They also promote innovation and growth by offloading the direct management of IT resources. Therefore, hiring Propel’s managed IT team or similar reputable experts is a smart move. These include transaction handling, inventory management, and e-commerce operations. Solid cybersecurity.

Management 52

Management Inventory Management Technical Support Customer Experience 52

Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. Promoting early and often is a major theme for BTS,” said Ellin. Want to Expand Back-to-School Shopping Baskets?

Shopping 237

Shopping Consumer Planning Inventory Management 237

Retail TouchPoints

JANUARY 13, 2023

The big question for brands and retailers is how to increase revenues and efficiency, decrease expenses and make every customer count. What’s more, merchandising rules enable ecommerce sites to rank how items appear in a gallery, banner or carousel, to promote and demote products and, in turn, improve your business metrics.

Returns 256

Returns Consumer Inventory Management Customer Experience 256

Wiser

MARCH 7, 2024

The speakers shared their frontline experiences and the strategic pivots they made to keep pace with the rapidly changing consumer expectations and market dynamics. The goal is to leverage technologies that not only streamline operations but also significantly improve the customer experience.

Customer Experience 78

Customer Experience Inventory Management Promotions Management 78

Retail TouchPoints

JANUARY 25, 2022

It’s energizing to think about customer experience transformation and what that could possibly mean for a business. In the retail industry, many organizations are at a pivotal moment of forging a path forward to define the future-state customer experience where the physical and digital converge. We all like to think big.

Management 245

Management Marketing Customer Experience Inventory Management 245

Inside Retail

FEBRUARY 26, 2024

Nordstrom’s plans to draw in new shoppers As the Clubhouse opening showcases, retailers are still heavily invested in the concept of pop-up shops, especially big-box retailers like Nordstrom that have been struggling in recent years to get back to pre-pandemic profits. The brand can also gain experience with retail operations.

Retail Trends 130

Retail Trends Department Stores Fashion Inventory Management 130

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines.

Payment Services 215

Payment Services Apparel Inventory Management Department Stores 215

Retail TouchPoints

NOVEMBER 18, 2021

Recent data shows that people plan to buy more gifts and spend more money than they did in 2020. In this rapidly changing environment, retailers need a powerful data platform that can help them adapt and respond with more flexibility and agility than ever before to capture digital and omnichannel shoppers and optimize their inventory.

Supply Chain Management 230

Supply Chain Management Fulfillment Shipping Inventory Management 230

Retail Minded

OCTOBER 2, 2023

UPS utilizes route optimization software to plan the most efficient delivery routes, reducing fuel consumption and delivery times. Patagonia, an outdoor clothing retailer, focuses on sustainability by using recycled materials, reducing waste, and promoting ethical sourcing.

Supply Chain Management 52

Supply Chain Management Management Inventory Management Outdoor 52

Retalon

MAY 17, 2024

Supply chain demand forecasting is the process of predicting future customer demand for products within a supply chain. It is used for planning and optimizing various supply chain activities, including procurement, production, inventory management, and distribution.

Supply Chain Management 41

Supply Chain Management Inventory Management Management Promotions 41

365 Retail

SEPTEMBER 17, 2023

In a constantly evolving sector, retail managers are tasked with keeping pace with the latest trends and ensuring their business achieves success and stability. This entails a deep understanding of the various facets of retail operations, from inventory management to customer service.

Management 52

Management Inventory Management Store Layout Employee Engagement 52

I Vend

APRIL 22, 2024

For retailers selling consumer electronics, there’s opportunity, but there are still challenges, including: • Stock planning – Consumer electronics moves fast. Inventory tracking – Being able to see in real time what stock is where (warehouse, DC or store), is essential, to get the right goods to the right place to make the sale.

Thrift Store 52

Thrift Store Point of Sale Inventory Management Returns 52

Retail TouchPoints

SEPTEMBER 23, 2022

A 3PL provides a safety net for planned or unanticipated increases in demand, so you don’t have to worry about fulfilling scheduled orders or laying off employees when the busy season ends. How to optimize shipments based on the customers’ location. Customization is easy with in-house fulfillment.

Fulfillment 292

Fulfillment Shipping Inventory Management Management 292

Retalon

AUGUST 16, 2019

Not only do you have to decide which metrics are most likely to provide high-value consumer data, but then you must have the resources on hand to analyze it in search of trends that help you to hone your brand strategies and better personalize the retail customer experience. Benefits and Challenges of Personalization.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Inside Retail

JANUARY 24, 2023

They covered how brands can provide elevated and curated customer experiences and how clear differentiation, and even re-invention, can be critical to meeting consumer demand and providing a sustainable future for retailers. Retailers need to invest in reusable packaging systems and promote sustainable product packaging.

Fulfillment 130

Fulfillment Customer Experience Consumer Returns 130

I Vend

FEBRUARY 9, 2024

. ** AI in retail has a wide range of applications, including: Predictive analysis that helps retailers use the insights in their data to plan for the future. Process automation – such as inventory management , tracking stock levels and re-ordering. What is the difference between first-party and third-party data?

Payment Services 52

Payment Services Inventory Management Checkout Point of Sale 52

Inside Retail

JUNE 20, 2023

GenAI solutions, such as Inspectorio , can play an important role in untangling the complexity of transport and routing, by generating efficient transport plans with optimised routes, minimised expenses and timely deliveries. It can also provide dynamic routing with adaptations to disruptions and delays and general risk management.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

I Vend

DECEMBER 11, 2023

. ** AI in retail has a wide range of applications, including: Predictive analysis that helps retailers use the insights in their data to plan for the future. Process automation – such as inventory management , tracking stock levels and re-ordering. What is the difference between first-party and third-party data?

Payment Services 53

Payment Services Inventory Management Checkout Point of Sale 53

Wiser

JANUARY 22, 2020

At a broad level, category management is simple: to improve the customer experience, drive efficiencies for businesses, and deliver quality products and services that generate profits. In reality, there is much more to category management. Category Management Definition. First of all, what is category management?

Management 125

Management Visual Merchandising Promotions Inventory Management 125

Wiser

AUGUST 28, 2023

The trick lies in offering the right mix of products that not only intrigue and attract customers, but also stimulate their purchase decisions. Steps to Build a Better Retail Assortment Strategy An efficient and effective assortment is paramount to retaining customers and driving profits.

Target Market 146

Target Market Fast Fashion Marketing Inventory Management 146

I Vend

SEPTEMBER 8, 2022

The most powerful RMSes, especially for the retail sector, boost the customer experience by streamlining the acquisition of goods and services for your customers. According to a 2020 poll , 44% of retailers struggled to plan and forecast their inventory needs effectively. Improved inventory management.

Management 52

Management Inventory Management Promotions Location 52