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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. The number of transactions and movements have gone up dramatically, because DCs are expected to manage both. What does this mean exactly?

Shrinkage 269
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On the board: former Big W MD championing social impact with Good360 solution

Inside Retail

Former Big W managing director, David Walker recently became a board member for Good360 shortly after stepping down from his role with the Woolworths Group in November 2023 to become a ‘freedom explorer’. I’ve got a finance background and I’ve worked in logistics and with a number of different retail businesses.

Shipping 147
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Untuckit is Setting Sights on Expansion and Internal Visibility is Helping it Get There

Retail TouchPoints

Technology has been critical to fueling and managing this growth, particularly solutions from Oracle NetSuite. “As With NetSuite, we have been able to improve productivity and create a centralized view of our finances, inventory and operations across both our ecommerce and retail channels.”

Wholesale 130
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How to Use Trade Finance to Reduce Risk When Selling Internationally

Rangeme

These might include political instability in the country where your products are shipped, a different local legal system to navigate, varying economic stages across the world, the prospect of currency exchanges, and buyers who have their own idea of what they want the payment schedule to be. Protecting cash flow with trade finance.

Finance 52
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Guitar Center Plans Bankruptcy Filing, Mulls Potential Store Closings

Retail TouchPoints

The RSA transaction will be supported by up to $165 million in new equity investments from a fund managed by the Ares Management, the Carlyle Group and Brigade Capital Management. Additionally, Guitar Center has negotiated $375 million in Debtor-In-Possession financing and plans to raise $335 million in new senior secured notes.

Planning 163
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Clean Data, Clean Planet: How Online Retailers can use Data Analytics to Reduce Their Carbon Footprint

Retail TouchPoints

Newly developed freight booking tools have made it easier and more efficient to book containers on large cargo ships, thereby reducing the need for air freight, which is generally seen as producing a larger carbon footprint. Shipping companies can obtain information through GPS tags to help locate containers and ships in real time.

Shipping 227
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10 Online Business for Sale in June

Small Biz Trends

The business is located in Colmar, PA with an asking price of $300,000 and a cash flow of $165,000. The business is located in Tampa, FL with an asking price of $27,500,000. The business is located in North Carolina with an asking price of $315,000. The business is located in Austin, TX with an asking price of $130,000.