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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

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.

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Tilly’s Partners with Nedap to Elevate Omnichannel Strategy

Retail Focus

Nedap (AMS:NEDAP), the global leader in RFID solutions, is pleased to announce a new partnership with Tillys, a leading specialty retailer 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.

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Forget omnichannel, it’s all about unified commerce

Inside Retail

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 inventory management and pricing at its core.

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Unlocking Retail Growth: The Power of Network Analytics for Strategic Insights

Retail TouchPoints

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.

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5 Top Reasons to choose iVend Retail Management Software

I Vend

When youre looking for retail management software, theres a lot of choice out there. iVend’s Retail Management 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.

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Consolidation and live shopping: Four e-commerce trends to watch in 2023

Inside Retail

This has already started unfolding in the Australian market, which has historically been much more supportive of specialty retailers. Multichannel e-commerce experiences.

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Customizable Solutions: POS Payment Processing for Specialty Retail

Rain Pros

In the world of specialty retail, 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 specialty retail with Rain Retail Software!