Retail TouchPoints

JANUARY 20, 2022

In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines. Amazon Style could be a first foray in the department store realm where the company could expand to other untouched categories at brick-and-mortar, such as homewares.

Payment Services 209

Payment Services Apparel Inventory Management Department Stores 209

Inside Retail

JANUARY 23, 2022

The first store will open later this year at The Americana at Brand, a shopping centre in Los Angeles, and reportedly be around 30,000 square feet – much smaller than a typical department store, which is around 100,000 square feet.

Department Stores 130

Department Stores Checkout Inventory Management Fashion 130

Inside Retail

MARCH 8, 2023

Meeting market volatility According to Professor Gary Mortimer, chair of the consumer research advisory committee at the Australian Retailers Association, Myer’s strong result, along with that of David Jones suggests that traditional department stores are rebounding, after struggling for about a decade.

Department Stores 147

Department Stores Net Profit Inventory Management Management 147

Inside Retail

SEPTEMBER 25, 2023

This involves integrating technologies like inventory management systems,customer relationship management (CRM) software and unified commerce platforms to ensure the customer is constantly and consistently engaged at whatever touchpoint they prefer.

Inventory Management 130

Inventory Management Fulfillment Accessories Management 130

Inside Retail

JANUARY 3, 2023

Whether it’s a small boutique or a major department store chain, all businesses can harness the potential of this powerful technology. In stores, RPA robots can be used for tasks such as shelf stocking and inventory management. Payment systems evolution.

Payment Services 290

Payment Services Shopping Checkout Kiosk 290

Inside Retail

DECEMBER 7, 2021

Having a better understanding of what your customers want to buy and when could take the guesswork out of sales forecasting, inventory management or staff rostering. And gaining unique insights into consumers’ likely purchasing behaviour is now possible through the CommBank Household Spending Intentions (HSI) Index.

Payment Services 130

Payment Services Inventory Management Accounting Consumer 130

Inside Retail

SEPTEMBER 7, 2023

Such actions resoundingly echo our mutual commitment to waste reduction and responsible inventory management,” Brien added. “These initiatives encompass collecting beauty empties, clothing, footwear, and even reducing book prices to facilitate the clearance of outdated stock.

Clienteling 130

Clienteling Inventory Management Shopping Fashion 130

Retail TouchPoints

JULY 20, 2022

Department Stores ( 66% ) and Home & Houseware ( 65.9% ) followed closely behind, showing that verticals with high SKU counts have the most to gain from omnichannel capabilities. The technology to support seamless shopping experiences is at their fingertips, but technology is only part of the equation.”

Consumer 235

Consumer Customer Experience Inventory Management Shopping 235

M19 Retail

DECEMBER 9, 2022

RIS Software LeaderBoard Mi9 Retail Rankings: #2 – Customer Satisfaction for Department Store/Mass Merchant Vendors. #2 2 – Vendor Leader for Department Store / Mass Merchant . #5 Health crisis: what impact on supply management in points of sale? 5 – Apparel Vendor Leaders. #7

Merchant Services 40

Merchant Services Department Stores Point of Sale Apparel 40

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. YOY growth this holiday season, whereas department stores will only see a 0.3%

Merchant Services 232

Merchant Services Payment Services Promotions Location 232

Retail Next

NOVEMBER 18, 2019

Driving up to the store, I was struck by the retro façade. At RetailNext we often use two photos to illustrate how little has changed in physical retail, particularly department stores. We have one photo of a department store of today and one of 30 years ago illustrating the lack of change. But this was fun.

Department Stores 72

Department Stores Inventory Management Shipping Location 72

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

While Department stores are the ones to get the highest traffic during Valentine’s Day (36%), followed by discount stores and online shopping (32%), specialty stores are expected to grab 19% of shoppers, whereas local small stores stand at 15% followed by clothing stores and jewelry shops tied at par with 11% of intentions.

Jewelry 52

Jewelry Point of Sale Specialty Store Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

While Department stores are the ones to get the highest traffic during Valentine’s Day (36%), followed by discount stores and online shopping (32%), specialty stores are expected to grab 19% of shoppers, whereas local small stores stand at 15% followed by clothing stores and jewelry shops tied at par with 11% of intentions.

Jewelry 52

Jewelry Specialty Store Point of Sale Inventory Management 52

Retalon

AUGUST 22, 2023

It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

While Department stores are the ones to get the highest traffic during Valentine’s Day (36%), followed by discount stores and online shopping (32%), specialty stores are expected to grab 19% of shoppers, whereas local small stores stand at 15% followed by clothing stores and jewelry shops tied at par with 11% of intentions.

Jewelry 40

Jewelry Specialty Store Point of Sale Inventory Management 40

Retail TouchPoints

AUGUST 27, 2021

Many upscale department store retailers like Selfridges , Galeries Lafayette and Neiman Marcus have employed a heavy “concession” model for years, and others like Best Buy and Tesco experimented too, but like omnichannel customer expectations, COVID-19 accelerated the shop-in-a-shop trend across all types of mainstream retail.

Inventory Management 276

Inventory Management Department Stores Management Shopping 276

Inside Retail

FEBRUARY 26, 2024

Just this week, American department store chain Nordstrom announced a unique collaboration with the British fashion brand Paul Smith. The founder of the eponymous brand highlighted another similarity between his business and the department store chain. “I The brand can also gain experience with retail operations.

Retail Trends 130

Retail Trends Department Stores Fashion Inventory Management 130

VMS

MAY 12, 2021

When was the last time you saw someone from a department store talking about how they have increased the recycling of cardboard and packaging, or implemented in-store signage touting these facts? An ugly byproduct of retailers’ attempts to keep stores well stocked, overstock also angers the buying public.

Visual Merchandising 52

Visual Merchandising Inventory Management Department Stores Consumer 52

Retail TouchPoints

JUNE 19, 2023

Our research found that Amazon Prime members are not habitual impulse buyers when online shopping — yet they turn to impulse buying when they make trips to physical stores. Prime members impulse purchase 30% more at department stores than non-Prime members, our study showed.

Inventory Management 222

Inventory Management Department Stores Consumer Shopping 222

Retalon

JANUARY 7, 2021

Consider a department store planning for Valentine’s Day. Forecasts on the stores’ core inventories may not focus on books because the holiday is not a big time for book sales. Instead, they focus on just a few key SKUs while lumping everything else into category-level forecasts.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retail Next

OCTOBER 24, 2019

One of the hottest trends in retail right now is BOSS: Buy Online and Ship to the Store for pickup (very similar to, but not the same, as BOPIS, or Buy Online, Pickup In Store). It’s the digital version, for us dinosaurs, of going to a department store and having them order the right size when something wasn’t in stock.

Shipping 59

Shipping Shopping Fulfillment Location 59

I Love Fashion

JANUARY 19, 2023

Their products are now available at Dillard’s, Bloomingdale’s Nordstrom’s Hudson’s Bay-like department stores. For example, inventory management tools. These tools automate the whole process for you, making your retailing process easier to manage. What you can do is rely on the invention of technology.

Wholesale 40

Wholesale Merchant Services Fashion Payment Services 40

Retail TouchPoints

NOVEMBER 19, 2021

When the first department store opened more than 100 years ago, the goal was to offer a multitude of specialty goods to a large number of people. Today, online stores serve that same purpose, but brick-and-mortar retail remains a powerful mechanism for both buyers and sellers.

Fulfillment 260

Fulfillment Jewelry Inventory Management Consumer 260