Retail Minded
FEBRUARY 1, 2024
We’re talking about why countless boutiques get slammed by cash flow management blunders. It’s like, you want your shop stocked with all the goodies customers might crave, right? Nixing this requires a balancing act worthy of a tightrope walker—stock smart, not hard. The Last Word So, what’s the key takeaway here?
Inside Retail
AUGUST 27, 2023
This is the message put forward by Wesfarmers’ CEO Rob Scott, and Kmart Group managing director Ian Bailey, to investors last week. We’re confident that we can continue to hit the lowest price in the market, and make good margins which are appropriate for our shareholder returns.
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Retalon
AUGUST 14, 2023
Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. Furniture inventory management software offers a smarter solution. Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. You’re not alone.
Inside Retail
MARCH 8, 2022
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. If the stock hadn’t been moved, we would have lost a good portion of it.”. Narrow escape.
Inside Retail
JANUARY 12, 2022
Foot traffic is down in CBDs and shopping centres as consumers return to working from home. We then struggle to get deliveries and stock, as their workers are also in isolation. Managing staff in isolation means a drop in sales as well, given 20 per cent more people are locked in the house undergoing isolation.
Retalon
FEBRUARY 10, 2022
Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Indicators you’re managing bad inventory. A high cost of overstock management.
I Vend
SEPTEMBER 1, 2022
McKinsey’s research into the way that retailers managed cost reductions in the Great Recession of 2007-2009 found that ‘resilient retailers’ reduced their costs by two percentage points, while their ‘non-resilient’ counterparts increased theirs by the same amount. Retaining customers.
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