Remove Customer Retention Remove Fashion Remove Inventory Management
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Blockchain for Supply Chain Transparency: Improving Trust in Retail

Retail Focus

For instance, luxury fashion brands are adopting blockchain to prove authenticity and protect their reputation. For retailers, smart contracts can streamline procurement, inventory management, and even customer refunds. This immutable record includes every point of interaction, from production to point-of-sale.

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The Impact of Retail Digital Transformation on Consumer Behaviour

Retail Focus

Revolutionising Fashion Retail The digital transformation in fashion retail extends beyond simple e-commerce. Sustainability is another critical focus area, with digital tools enabling better inventory management and waste reduction. Cost Reduction: Better inventory management and efficient operations lower overall costs.

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Stepping into the future: Bata Thailand’s dynamic transformation unveiled

Inside Retail

This omnichannel platform is powered by a centralised inventory management automation tool. This is why Bata had to invest in more digitally transformed marketing technologies, high-performance merchandising tools and machine-learning software to optimise its inventory management too.

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Why Do You Need Business Intelligence for Your Retail Business?

RETAIL MANAGEMENT SOFTWARE

Predictive and forecasting retail analytics can sift through reams of unstructured data, including social media, to identify trends, whether they are upcoming fashion styles, major events, or innovations coming to market. Optimize Inventory Management. This experience goes a long way in building customer loyalty.

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4 Critical Tips for Digital Transformation in the Fashion Industry (2020)

Retalon

The bankruptcy of notable fashion retailers like Neiman Marcus , J.Crew , and Pier 1 were an inevitability (sped up by the circumstances of the pandemic), because these giants were not adapting fast enough to the digital age. Successful Digital Transformation in Fashion Relies on Empathetic Customer Engagement. The Takeaway.