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According to the National Retail Federation (NRF), retailers lose an estimated $50 billion annually due to inventory distortion, which includes overstock and out-of-stock issues. Why Overstock Is a Hidden Profit Killer Too much inventory may seem like a safety net. To get started, analyze your inventory data thoroughly.
Nedap (AMS:NEDAP), the global leader in RFID solutions, is pleased to announce a new partnership with Tillys, a leading specialtyretailer of casual apparel, footwear, and accessories. Behind the Decision Tillys chose Nedaps iD Cloud due to its powerful EPCIS repository capabilities, allowing for a fully integrated RFID approach.
Retailers are grappling with ever-multiplying channels, and managing disparate touchpoints while trying to create a seamless, excellent omnichannel experience. This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventorymanagement and pricing at its core.
Consider a hypothetical case study of a mid-sized retail store specializing in home goods. By analyzing network data, the management identified that despite being a high-margin category, the kitchenware section was receiving significantly less foot traffic than expected.
When youre looking for retailmanagement software, theres a lot of choice out there. iVend’s RetailManagement Solution iVend is the choice of retailers around the world. A short loss of connectivity may be manageable at head office with updates simply being sent once the network is back.
This has already started unfolding in the Australian market, which has historically been much more supportive of specialtyretailers. Multichannel e-commerce experiences.
In the world of specialtyretail, where passion and a deep understanding of niche products and services meet, the quest for providing an exceptional shopping experience for your unique clientele becomes the heart and soul of every decision you make. So, jump into the future of specialtyretail with Rain Retail Software!
Retail marketplaces like Walmart, Amazon and Ebay have already implemented GenAI for employee efficiency, customer experience and business capability building. In one example, a large specialtyretailer that we work with saw conversion improve by 2 per cent simply due to better product descriptions using GenAI.
Lori’s Gifts Selects Mi9 Retail as its Enterprise POS Partner Fort Lauderdale, FL – June 2, 2025 – Lori’s Gifts, the nation’s leading operator of hospital gift shops, has announced its selection of Mi9 Retail’s enterprise point-of-sale (POS) solution to modernize and unify operations across its network of over 250 stores nationwide.
It requires the right tools to streamline operations, manageinventory, and ensure a smooth customer experience. What is a Pet Shop Management System? A Pet Shop Management System is an integrated software solution designed to manage the unique aspects of running a pet store.
InventoryManagement Real-Time Tracking: Monitor stock levels in real-time to keep track of available inventory and ensure popular items are always in stock. Product Variants Management: Efficiently manage different sizes, colors, and types of craft supplies, ensuring accurate stock levels for each variant.
As a retailer, effectively managing your inventory is critical to the success of your business. One of the key inventory metrics retailers track is inventory turnover. Inventory turnover measures how many times a company sells and replaces its inventory during a period.
The Paper Store was selected for this award due to the technological innovation in it’s supply chain including the introduction of Retalon predictive analytics to optimize inventorymanagement and promotions. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.
The Paper Store was selected for this award due to the technological innovation in it’s supply chain including the introduction of Retalon predictive analytics to optimize inventorymanagement and promotions. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.
The Paper Store was selected for this award due to the technological innovation in it’s supply chain including the introduction of Retalon predictive analytics to optimize inventorymanagement and promotions. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.
The inventory sitting in stores and warehouses is the single biggest investment that a retailer makes. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. How to Improve Inventory Turnover Ratio. In-Stock Percentage.
Japanese retailer Uniqlo is investing heavily in radio-frequency identification (RFID) technology to accelerate supply chain efficiencies, with an ambition to embed RFID into its global product range, facilitating improved inventorymanagement and the customer self-checkout experience.
Whether you’re in apparel, footwear, jewelry, or home goods, agentic AI is redefining how retail works in 2025 and beyond. Here are five ways AI agents in retail drives smarter, faster decision-Making and operations. Retail Impact: Higher staff productivity Better customer service coverage More efficient store operations 5.
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