Inside Retail

OCTOBER 17, 2023

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

Inventory Management 182

Inventory Management Management Drop-Shipping Fulfillment 182

Retail TouchPoints

FEBRUARY 9, 2023

and Google Cloud have launched BrainOS Inventory Insights, a proprietary solution that aims to deliver next-generation in-store inventory analytics to retailers. The platform is designed to be an end-to-end solution for analyzing the inventory data collected by BrainOS-powered inventory scanning robots. Brain Corp.

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Inventory Management Management Location Shopping 237

Inside Retail

MARCH 21, 2024

When UK and Irish discount book, games and toy retailer The Works set out to improve the accuracy and efficiency of its inventory management across its stores it turned to Zebra Technologies to revolutionise its back-end management system. They want to be able to go into a physical store and purchase it – they want that choice.

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Inventory Management Management Fulfillment Promotions 130

Retail TouchPoints

OCTOBER 6, 2022

Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. Effective inventory management plays a vital role in this — and data-led solutions can make a real difference here. And manually checking on inventory takes employees away from making sales or other valuable activities.

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Inventory Management Management Inventory Turnover Supply Chain Management 283

Retail TouchPoints

JANUARY 31, 2024

Zulily Group has engaged the advisory firm Gordon Brothers to sell off more than $85 million of inventory and the assets of its two fulfillment centers following the online retailer’s decision late last year to shut down. Screenshot of the Zulily website from December 2023 highlighting the going-out-of-business sale.

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Fulfillment Apparel Advertising Fashion 231

Retail TouchPoints

JUNE 15, 2023

GoBolt ’s Merchant Portal is a web-based app with a suite of features designed to enable retailers to manage their orders, inventory and shipments more effectively so they can stay on top of their fulfillment and delivery operations and make better informed decisions.

Merchant Services 260

Merchant Services Fulfillment Inventory Management Shipping 260

Retail TouchPoints

JANUARY 22, 2024

We believe that the o9 Digital Brain platform will help us more intuitively manage the flow of our inventory to our domestic stores.”

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Planning Accessories Apparel Management 210

Retail TouchPoints

FEBRUARY 14, 2024

The site, aimed at bringing off-price inventory from Simon’s malls online, now features more than 300 brands and as of last September, sales were up 100% year over year. In either case, why don’t you [use SPO] as an extra valve for that inventory ?” For some brands SPO is the only place you can find this inventory.

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Shopping Fulfillment Advertising Location 201

Retail Focus

NOVEMBER 1, 2023

Phantom inventory is causing UK shoppers to experience out-of-stocks, with poor product availability negatively impacting sales and long-term customer loyalty, according to the latest data from Retail Insight , the leading provider of store operations execution software.

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Grocer Store Operations Supermarket Shopping 147

Retail TouchPoints

FEBRUARY 2, 2023

Siman Group , which operates 15 large department stores across Central America, has deployed an item-level RFID solution that has raised its inventory accuracy levels from the 65% to 70% range up to 95%. The solution also supports omnichannel offerings such as BOPIS by transforming how Siman tracks inventory across the chain.

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Department Stores Management Store Operations Customer Experience 250

Retail TouchPoints

JANUARY 26, 2023

Manhattan Associates has enhanced its POS and store fulfillment solutions with handheld RFID support to assist with all inventory management and order fulfillment activities. Manhattan Active Omni’s RFID capabilities are designed to streamline and automate inventory counting and receiving processes.

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Inventory Management Fulfillment Management Location 257

Retail TouchPoints

JUNE 2, 2023

Retailers need to handle inventory in stores and distribution centers, keep an eye on both digital and physical shelves and keep costs down with efficient logistics and routing. Another key challenge for Hot Topic’s inventory management system is ensuring its BOPIS options run smoothly even as it fulfills orders across multiple channels.

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Inventory Management Management Fulfillment Supply Chain Management 267

Retail TouchPoints

OCTOBER 20, 2022

Sam’s Club has completed the addition of inventory scanning capabilities to the fleet of robotic scrubbers in its nearly 600 stores. The warehouse club retailer began testing the inventory scanning functionality in October 2020 and started this chainwide rollout in January 2022.

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Management ATS Store Operations 253

Retail TouchPoints

MARCH 8, 2023

After three years of supply chain logistics and shipping delays, retailers have too much inventory sitting on shelves, and consumer demand continues to be in flux as inflation maintains a strong grip on budgets everywhere. This means the way consumers shop has drastically changed as new financing options rise in popularity.

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Payment Services Finance Customer Experience Shipping 256

Retail Wire

AUGUST 25, 2023

Kohl’s Corp reported better-than-expected quarterly profit, attributed to leaner inventories, reduced costs, and fewer discounts, which helped the department store chain navigate a broader retail slowdown. Kohl’s CEO, Tom Kingsbury, expressed confidence in the.

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Department Stores 189

Retail TouchPoints

JUNE 1, 2023

Sensormatic Solutions ’ TrueVUE Cloud was designed to help global retail enterprises reach and maintain inventory accuracy and fulfillment for customers across all channels.

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Fulfillment Planning Management 258

Retail TouchPoints

JANUARY 13, 2023

Lululemon is in the process of rolling out a cloud-based RFID inventory management solution to its 600+ stores globally that will help the retailer optimize its in-store product assortments. Having a fully mobile cloud solution in our stores greatly contributes to this experience.

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Inventory Management Fulfillment Planning Management 273

Retail TouchPoints

MARCH 29, 2023

Perry Ellis is managing this challenge through the rollout of RFID technology, in partnership with Mojix , that will help the retailer manage its supply chain from the store level all the way through broader inventory planning. But if you look at sizes, that varies a lot. I believe that with RFID investment, the potential is limitless.”

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Checkout Planning Customer Experience Management 256

Retail TouchPoints

SEPTEMBER 14, 2023

Supply chain experts agree that the most powerful solutions are those that use predictive analytics to place the inventory customers want in locations as physically close as possible to that end consumer — a simple theory that can be devilishly hard to put into practice. Inventory allocation] tools are predictive but they’re not perfect.”

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Fulfillment Shipping Supply Chain Management Consumer 267

Retail TouchPoints

APRIL 7, 2023

American Eagle Outfitters (AEO) plans to implement a new RFID and computer vision-based store inventory tracking system from Radar at approximately 500 stores across the U.S. Our initial test with Radar provided visibility into inventory availability and placement with impressive accuracy. over the next year.

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Fulfillment Location Planning Management 234

Retail TouchPoints

AUGUST 13, 2020

I had an inventory problem. Every business has to manage excess capacity and/or inventory: restaurants have excess food and empty tables; hotels and homeowners have vacant rooms; retailers have overstock and returns. Inventory levels will be further exacerbated by a spike in returns. Dealing With Excess Capacity.

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Apparel Inventory Management Finance Returns 279

Retail Bound

APRIL 13, 2024

” The following is an analysis of two major distribution models, drop shipping and traditional inventory. Cost Analysis: Consider the costs associated with each model, from inventory holding costs to shipping fees, and balance these against potential profit margins. Choose a model that can scale with your growth trajectory.

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Drop-Shipping Shipping Merchant Services Payment Services 98

Retail TouchPoints

APRIL 25, 2022

Investment in the proper technologies needed to build a strong supply chain not only enables prompt replenishment of products in inventory, but also optimizes planning capabilities in rapidly evolving business ecosystems while minimizing duplication, errors and inefficiencies. Seems simple enough, right?

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Supply Chain Management Inventory Management Shipping Management 307

Retail TouchPoints

JANUARY 28, 2022

Sam’s Club will add Inventory Scan capabilities to its existing fleet of nearly 600 robotic scrubbers chainwide, in partnership with Brain Corp and Tennant Company. Sam’s Club is adopting these processes to reduce waste and help fight inventory loss. This intelligence allows us to proactively manage our clubs in an efficient manner.

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Inventory Management Management Location Shopping 264

Inside Retail

JANUARY 11, 2022

Retailers are now investing significant resources into logistics, deploying the latest inventory management systems, automating warehouses and hiring hundreds of hardworking staff in an effort to pick, pack and ship online orders as quickly as possible. That’s where local inventory comes in. Meet demand for faster delivery.

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Fulfillment Shipping Inventory Management Location 200

Retail TouchPoints

OCTOBER 28, 2021

Gift buyers are expected to shop early, extending the holiday season even as retailers grapple with inventory problems. To take full advantage of consumers’ willingness to open their wallets, however, retailers will need to successfully deal with inventory issues to meet booming holiday sales expectations, according to NRF.

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Consumer Shopping Planning 308

Retail TouchPoints

NOVEMBER 30, 2022

Vallarta Supermarkets will implement Logile IMS, an inventory management solution that will allow the Southern California regional supermarket chain to manage orders and receiving while also handling in-store production and service, via integration with the retailer’s forecasting and workforce management solutions.

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Inventory Management Management Supermarket Promotions 162

Retail TouchPoints

APRIL 8, 2021

Trax , a cloud-based solution that helps CPG brands and retailers optimize their inventory strategies through data and analytics, has secured $640 million in Series E funding. The Trax suite of solutions is aimed at accelerating the digital transformation of grocery retail by providing granular visibility of inventory and store conditions.

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Management Consumer ATS 299

Retail TouchPoints

OCTOBER 20, 2022

Capabilities include: Digital shelf labels with QR codes to help shoppers make informed decisions; Real-time pricing and inventory management tools to help retailers analyze and optimize where, how and how often products are sold, in order to reduce waste; and In-store marketing tools to enhance the relationship between product and shopper.

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Inventory Management Promotions Customer Experience Management 262

Retail Wire

JUNE 30, 2023

Nike is finding it more difficult to clear its inventory in light of current economic challenges and is resorting to discounting to boost sales. The athleticwear brand’s CFO Matt Friend, said Nike plans to continue promoting its direct-to-consumer business.

Wholesale 147

Wholesale Accounting Promotions Planning 147

Inside Retail

AUGUST 23, 2021

Kogan’s bloated inventory and logistics costs severely impacted its profitability in FY21, with net profit plummeting 86.8 At the release of its unaudited results, Kogan said the management team had misjudged the level of inventory and operational capacity it would need to grow through the second half, and purchased too much stock.

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Net Profit Promotions Management Shopping 246

Retail TouchPoints

OCTOBER 7, 2021

The solution was designed to help retailers achieve perfect inventory visibility, with zero waste and no losses, by tracking every unique item movement throughout the supply chain and collecting data in a cloud-based inventory repository.

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Loss Prevention Management 240