Thu.Sep 03, 2020

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How Retailers Can Control Costs Even As Return Rates Climb

Retail TouchPoints

Returns are a cost of doing business for any retailer. But despite representing $309 billion in lost sales for U.S. retailers last year, they haven’t always been a strategic focus. In the wake of COVID-19, returns are receiving serious (and necessary) attention for several key reasons: Retailers are spending more processing returns in stores. They are expected to keep merchandise out of circulation due to COVID infection concerns and to provide employees with personal protection to prevent infec

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Choosing a Fulfillment Partner: 7 Things to Consider First

Medallion Retail

Anticipate growth Growth is something every e-commerce brand strives for. Growth, and more of it. So why, then, do so many wait until they’re in the thick of that growth to begin thinking about how to address inventory and fulfillment? The post Choosing a Fulfillment Partner: 7 Things to Consider First appeared first on Medallion Retail.

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Toshiba Self Checkout System 7 Supports Low-Touch Checkout Experiences

Retail TouchPoints

Toshiba offers the existing Self Checkout System 7 , a solution designed to help retailers deliver fast, convenient and personalized checkout experiences. Key features include: A modular design to provide flexibility and customization options retailers’ unique store environment; Self-learning and correction capabilities that interpret common shopper behaviors to support better experiences; Multi-attribute item security that aims to balance performance and security by configuring the level of ris

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How to Merchandise at the Shelf: A Data-Driven Approach

RepslyBlog

Mastering the retail channel is a massive opportunity for CPG brands, but those who have played in the space before know it takes a committed investment to reap the benefits. To make the most of that investment, CPG sales and marketing teams are putting data at the forefront of their retail execution efforts, unlocking the insight they need to master merchandising at the shelf by prioritizing and maximizing high-opportunity initiatives.

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From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and guest speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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Bed Bath & Beyond Hires Ascena Veteran To Head Omnichannel Initiatives

Retail TouchPoints

Bed Bath & Beyond has appointed Wade E. Haddad as SVP of Real Estate and Construction, to spearhead the company’s store optimization strategy, which will be a key part of its previously disclosed restructuring plan. He will lead an enterprise-wide team across all banners to manage the retailer’s property portfolio and establish a network to support omnichannel services such as buy online, pickup in-store (BOPIS), curbside pickup and same-day delivery. “We have taken a number of i

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What is GMROI in Retail? (Formulas, Benchmarks, Examples)

Retalon

As a retailer, inventory is one of your biggest investments. Afterall, retailers invest in merchandise hoping to sell it at a profit. That’s the crux of the entire retail business model. As such, the GMROI formula is used to evaluate how successful retailers are in getting a return on their inventory. In fact, GMROI is one of the top key performance indicators (KPIs) used in retail.

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Cheetah Digital Offers A Suite Of Tools For Retail Marketers

Retail TouchPoints

Cheetah Digital , a customer engagement solution provider, offers the Customer Engagement Suite to help retailers create impactful, personalized experiences that can deliver value across every touch point of the customer lifecycle. The suite encompasses multiple tools, including: Cheetah Engagement Data Platform: A real-time data platform that is designed to sit at the foundation of every Cheetah Digital solution and enable end-to-end customer lifecycle management across; Cheetah Experiences: A

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Nike Delivers First Maternity Sports Apparel Collection

Retail TouchPoints

Nike will debut its first clothing line designed specifically for pregnant and postpartum mothers on Sept. 17 in North America, Europe and Africa. The four-piece Nike (M) collection includes the Nike (M) Pullover, the Nike (M) Swoosh Bra, the Nike (M) Tank and the Nike One (M) Tight. The collection was created by analyzing pregnancy data findings from more than 150,000 comparison scans of non-pregnant women against those of pregnant women, according to a Nike blog post.

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Kroger, Party City And ThirdLove Execs Join Retail Innovation Conference Agenda

Retail TouchPoints

The Retail Innovation Conference has added a multitude of seasoned retail executives and changemakers to the agenda for its first-ever online experience. Taking place October 13-14, 2020, the agenda will feature in-depth case studies and tactical talks designed to help retail attendees keep pace with new disruptions and uncover new growth opportunities.

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Are Retailers Responsible For Selling Hackable Consumer Devices?

Retail TouchPoints

In the last several years alone, the reach of the Internet of Things has grown exponentially, and the market is forecasted to reach a whopping $1.6 trillion by 2025. Whether we look at wearables, smart speakers, connected appliances or smart cars, there’s no denying that this level of innovation has changed human behaviors, and has introduced new opportunities for convenience as well as enhanced experiences.

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The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

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Walmart Prepares For A Digital Holiday Season With Online Toy Lab

Retail TouchPoints

Walmart is pivoting its toy promotion strategy for an e-Commerce-heavy holiday with the launch of its Walmart Wonder Lab , a site that lets kids unbox and play with toys digitally. The tool will let kids try out the season’s most popular toys without needing to leave their homes. The experience, which was created in partnership with eko , draws from the retail giant’s Top-Rated by Kids Toy List.

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