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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

But through this disruption, retailers began to see that their procurement process is in many ways the linchpin for maximizing revenue and reducing spend as the economy recovers post-pandemic. But supply chain disruptions resulting from the pandemic forced many store managers to go rogue and do whatever was needed to stay in business.

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Key Takeaways From the Wiser Industry Leaders Brand Panel: Sales Strategy and Technology

Wiser

Studies show that the duration for out-of-stock items to reappear in online search results and shopping carts can extend up to a week, underscoring the importance of diligent inventory management. Adjust Retail Execution for Maximum Impact : Understand the nuances of high-end and outlet store dynamics to tailor retail execution.

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Back to School Retail Guide: Expert Tips, Latest Trends, and Predictions

RETAIL MANAGEMENT SOFTWARE

As summer vacations wind down and the anticipation of a new school year grows, retailers are gearing up with back-to-school retail ideas for the annual shopping rush. This critical period not only marks the return to classrooms but also signifies a significant revenue opportunity for businesses in the retail sector.

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What Nordstrom’s Paul Smith pop-up says about the future of this retail trend

Inside Retail

One of the key trends that defined retail in 2023 was pop-up shops and how these experiential shopping experiences have taken hold over millennial and Gen Z consumers. Midway into the first quarter of 2024, there are no signs of this experiential retail trend slowing down.

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Top 10 Retail Trends to Watch in 2023

RETAIL MANAGEMENT SOFTWARE

Over the past year, supply chain challenges, inflationary pricing, economic uncertainty, and geopolitical factors have taxed retailers and squeezed finances. In 2023, however, the outlook is positive, and the focus is on the customer shopping journey. Here are the top 10 retail trends impacting the industry in 2023.

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What is Artificial Intelligence, and How Does it Impact Your Point-of-Sale?

Star Miconics

It also automatically alerts the inventory manager when items are nearly out of stock, prompting timely reorders and preventing disappointed customers. Leverage smart insights to discover shopping patterns and preferences, which you can turn into successful sales strategies.

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Store Wars: Hats Off to Penney’s – Yes, JCPenney

Retail Next

We have a few retail trends we regularly talk about at RetailNext. Looking at the store through that lens, this is what I saw: There are no longer “channels” in retail. The store gets high marks for never once making me think “this would be easier online”. In full disclosure, I do not often shop at JCPenney.