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Stores underwater, staff displaced: Floods take major toll on Aussie retail

Inside Retail

Queensland-based online homewares retailer The Somewhere Co narrowly escaped losing tens of thousands of dollars in stock last week, thanks to the timely opening of a new warehouse outside the flood zone three days before the rain began. Its head office, located just 200 metres away from the Brisbane River in Newstead, QLD, wasn’t as lucky.

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12 Stockroom Organization Ideas and Guidelines to Implement in Your Retail Store

Retail Times

It may not be the sexiest part of your store, and it doesn’t get a lot of customer eyeballs, but your stockroom is still a critical part of your physical location. Once she “ found a dead mouse in a ‘return to vendor’ pile!” . Once you’ve picked your system, stick to it and label it, especially if you have a large stock room.

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Understanding Furniture Inventory Management Software in 2023

Retalon

Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. This software uses technology like barcode scanners, RFID, IoT sensors, and integrated ERP systems to monitor, track and manage your furniture stock. Furniture inventory management software offers a smarter solution.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. That’s the billion dollar question.

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Last minute markdowns that offload stock at a loss. There is constant manual intervention, this may be transferring inventory between stores or ordering new stock. What is bad inventory called day-to-day?

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Jason & Scot Show Episode 314 – Lovesac Founder and CEO Shawn Nelson

Retail Geek

10, 20, 50, 100, 250 locations now. We don’t, we don’t stock things there. And yeah, it is, I was like, I’m not going to look at the stock, it’s not going to influence me. And it’s like, okay.

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Sustainable Supply Chains in 2022 (and Beyond)

Retalon

This was possible because: Talented labor in other countries was cheaper than domestic workers Overseas factories began producing high-quality products at lower prices Consumers wanted goods to be equally attainable for all financial classes Increased margins allowed retailers to stock more inventory and carry larger assortments.