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When is the right time to scale? Three indications you might be ready

Inside Retail

For example, onboarding an inventory management system so that you can work with national (and international!) If inefficiencies are starting to appear in your supply chain, warehousing, and order fulfilment solutions, it’s a sure sign you need to upgrade your systems. Investment in systems and processes is also an example of scaling.

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Analysis: Why does Shein continue to escape scrutiny?

Inside Retail

Any consumer research pointing towards the importance of fulfilment in the online shopping experience should probably ignore the success of Shein and its completely underwhelming delivery service. It completed a series E financing round in 2020, which values the business at USD$15 billion.

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Competing for a more discerning dollar

Inside Retail

Using customer relationship management systems (CRM) and other data-led platforms is one option to help build more complete pictures of your customers and better cater to their needs. About the author: David Martin is national manager, retail and e-commerce, at Commonwealth Bank. Things you should know.

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5 Major Pitfalls to Avoid When Launching a New Product

Retail Bound

a file management system like Dropbox or Basecamp or both, a 1-800 phone number , and an email system that utilizes your business’ domain). For instance, when you are launching a new product, it is tempting to want to hand everything over to someone else to sell and manage for you before you have tried selling it yourself.