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Kmart MD talks Target merger, shrinkage, and adapting to customer behaviour

Inside Retail

“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. Labour, leases, and clearance stock So, what are those levers? We feel that we have enough levers at our disposal to be able to continue to do that.”

Shrinkage 130
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Upparel set to launch textile recycling in New Zealand in December

Inside Retail

So our partners in New Zealand have already committed their dormant, unwanted stock, and places like the Salvation Army have committed to give what they don’t deem sellable.”. According to founder Michael Elias, the move was driven by a the business’ partners in Australia needing the service in New Zealand as well. “We

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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. If the stock hadn’t been moved, we would have lost a good portion of it.”. Narrow escape.

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As warehouses get greener, demand for eco-friendly packaging is soaring

Inside Retail

Firstly, by being able to adapt the height of boxes, the company can reduce the number of box sizes warehouses need to stock – in one case a Ranpak client was able to replace 11 boxes with just five, reducing storage space and inventory requirements. The cube that comes off the packing line is as small as possible to wrap the goods inside.

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‘Like a ghost town’: Retailers react to the Omicron wave

Inside Retail

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. At some stage, we do need to return to normal, and we must live through the impacts, so we can get to the other side. It goes on and on.

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Retail technology for building recession resilience

I Vend

Flawless inventory management – inventory sitting in the warehouse represents a cost to retailers; a cost that can be managed down if stock turns can be increased. Retail business intelligence is the key to picking up on trends in time to adapt to them, rather than being left with stock outs, and missed sales opportunity. Product mix.

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Why Most Small Retailers Fail When It Comes To Cash Flow Management?

Retail Minded

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. A streamlined stock system that aligns with actual sales data can save you from seeing your hard-earned cash turn into shelf decoration.