Retail TouchPoints

JANUARY 15, 2024

Nvidia surveyed more than 400 retail professionals at all organizational levels and found that while AI adoption is still in its early stages, more than 60% of respondents are planning to boost their AI investments in the next 18 months. But many of these tasks may just represent the low-hanging AI fruit.

Loss Prevention 312

Loss Prevention Planning Customer Experience Inventory Management 312

Retail TouchPoints

JULY 13, 2020

Inventory management starts — and only starts — with a warehouse management system (WMS). In practice, most out-of-box WMSs are not capable of managing the volume and complexity of workloads required in today’s retail environment. Theoretically. Set Default Levels Using Demand Prediction.

Inventory Management 171

Inventory Management Management Promotions Customer Experience 171

Retail Smart Guys

NOVEMBER 3, 2023

Timing is Everything: When to Begin Inventory Planning Inventory planning is the backbone of successful retail operations. While the specifics of inventory planning can vary from one retailer to another, one thing remains constant – timing is everything. These can affect product costs and availability.

Planning 52

Planning Inventory Management Promotions Shipping 52

Inside Retail

FEBRUARY 8, 2024

Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail Smart Guys

DECEMBER 6, 2023

In the ever-evolving world of retail, one thing remains constant – the power of promotions to captivate shoppers and boost sales. Whether it’s the allure of clearance sales, the excitement of flash sales, or the intrigue of buy-one-get-one deals, retail promotions are an essential tool in any retailer’s arsenal.

Promotions 52

Promotions Inventory Management Returns Marketing 52

Retail TouchPoints

NOVEMBER 17, 2023

In manufacturing, product substitution can be a valuable tool for optimizing inventory management. They also offer discounts, promotions, free shipping and other value-added services for substitute products to make them more appealing. Saxena’s previous product experience is in building retail planning solutions at Blue Yonder.

Customer Experience 264

Customer Experience Inventory Management Fulfillment Inventory Turnover 264

Retail TouchPoints

JANUARY 6, 2023

The challenge for retailers is understanding where their customers will be six months from now and positioning their inventories, promotional plans and overall business outlook accordingly. Promotions can be Effective in this ‘Deal-Seeking’ Environment. Unfortunately, history isn’t providing retailers with much guidance.

Payment Services 357

Payment Services Promotions Consumer Inventory Management 357

Inside Retail

NOVEMBER 6, 2023

“Zebra Workcloud is a purpose-built suite of enterprise applications designed specifically for the front-line worker to better optimise labour decisions, simplify and streamline communication and improve inventory management.”

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 1: Demand forecasting. 2: Order cycle time.

Fulfillment 309

Fulfillment Returns Shipping Promotions 309

Inside Retail

AUGUST 11, 2023

points to 42 per cent, driven by higher levels of promotional activity. These improvements will grow our platform and are adapted to our current focus on careful cost and inventory management.” The numbers of orders and active customers dropped 28.1 per cent and 19 per cent, respectively. Revenue was down 18.6 per cent to $376.9

Fashion 130

Fashion Inventory Management Promotions Marketing 130

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retail Smart Guys

SEPTEMBER 20, 2023

By creating a structured maintenance checklist, you can ensure that every aspect of your store is well-maintained, promoting a positive shopping experience and maximizing profitability. Plan for repairs or repaint as necessary. Stock Levels: Regularly check inventory levels and reorder products as needed.

Inventory Management 105

Inventory Management Promotions Management Planning 105

Retail TouchPoints

MARCH 15, 2024

Many companies can track their own digital shelf data, allowing them to align products across platforms, perform A/B testing and improve inventory management. The fact that you can adapt your digital display very quickly as compared to physical inventory management allows businesses to benefit from multiple types of external data.

Inventory Management 263

Inventory Management Telecommunications Location Marketing 263

Inside Retail

FEBRUARY 26, 2024

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Continue to review minimum stock limits and develop contingency plans should supply issues emerge. Pricing and promotional strategies will be vital as consumers are more cost-conscious.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

I Vend

OCTOBER 10, 2023

Read more The next best thing, however, for planning business growth, is research-based predictions, and last month, Retail Info Systems (RIS) brought retailers just that, in the form of their fourth annual guide to the peak selling season. * iVend helps retailers iVend helps retailers make the most of the holiday season.

Checkout 98

Checkout Inventory Management Payment Services Returns 98

Bindo

APRIL 13, 2017

Why Is Inventory Management Important. Inventory management remains the cornerstone of successful retail. Experienced retailers understand the importance of metrics taken from inventory management. Inventory management helps take the guesswork out and place retail products in the store correctly.

Inventory Management 40

Inventory Management Management Location Promotions 40

Retail Focus

SEPTEMBER 7, 2021

Supply chains must be agile enough to cope with unexpected gaps in workforces, which involves two levels of contingency planning. The first affects stock inventory management. The second level of contingency planning involves personnel resourcing strategies. 3) Scale up scenario planning.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

RETAIL MANAGEMENT SOFTWARE

MARCH 26, 2024

With strategic planning and a keen understanding of retail sales seasonality trends, retailers can leverage the energy of springtime to attract customers and boost sales. Offer Spring-Themed Promotions: Entice customers with special promotions and discounts tailored to the spring season.

Promotions 77

Promotions Outdoor Inventory Management Management 77

I Vend

OCTOBER 16, 2023

Retailers have to grow their share of a finite wallet, making promotions and customer experience an essential part of the retail mix. An earlier start – no fewer than four separate surveys (by LTK **, Radial , Bazaarvoice * and Celigo +) all found that shoppers are planning on starting their gift buying before Black Friday and Cyber Monday.

Checkout 98

Checkout Inventory Management Payment Services Returns 98

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces.

Merchant Services 285

Merchant Services Payment Services Promotions Location 285

Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. Promoting early and often is a major theme for BTS,” said Ellin. Want to Expand Back-to-School Shopping Baskets?

Shopping 288

Shopping Consumer Planning Inventory Management 288

I Vend

AUGUST 6, 2023

Customer data tracking can show who responds best to which promotions, what drives loyalty customers , and how customers use different channels , helping you to create marketing campaigns that get maximum response and drive the best return on your investment. This can inform product selection, supplier selection and returns processes.

Point of Sale 81

Point of Sale Inventory Management Shrinkage Promotions 81

Wiser

JULY 31, 2023

In addition, seasonal or promotional items that are not set up in time can result in lost sales and excess inventory that may need to be marked down, affecting your bottom line. 1: Regular Audits Conducting regular in-store audits allows brands to physically verify that stores are adhering to the planned layouts.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

Inside Retail

FEBRUARY 23, 2023

This market has long been key to the Levi’s East Asia Pacific expansion plans. Leveraging data and AI has also played a role in optimising promotions and improving inventory management. This, he said, provides a stable environment to do business.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail TouchPoints

JULY 14, 2021

“If both parties began looking at a variety of data sets, but through the same lens, there would be much more strategic alignment and much less of a disconnect visible in inventory management,” noted Melissa Minkow, Retail Industry Lead at CI&T in an interview with Retail TouchPoints.

Inventory Management 264

Inventory Management Grocer Consumer Planning 264

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines.

Payment Services 260

Payment Services Apparel Inventory Management Department Stores 260

CJ Retail Solutions

DECEMBER 11, 2023

Incorporating digital signage for promotions 6.2 Integrating point-of-sale and inventory management systems Customer Comfort and Convenience 7.1 Planning for periodic updates to keep the store current 10.3 Incorporating digital signage for promotions 6.2 Planning for periodic updates to keep the store current 10.3

Inventory Management 52

Inventory Management Point of Sale Store Layout Customer Experience 52

Star Miconics

MARCH 1, 2023

Ascent Solutions is an exciting enterprise resource planning (ERP) software offering features to help businesses manage their inventory and sales processes. What’s impressive is that Ascent Solutions’ inventory management system is powered by Salesforce , a leading customer relationship management (CRM) platform.

Payment Services 52

Payment Services Inventory Management Point of Sale Fulfillment 52

Retail TouchPoints

MAY 9, 2023

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Creating a seamless inventory management journey.

Payment Services 288

Payment Services Inventory Management Marketing Checkout 288

Retail TouchPoints

OCTOBER 22, 2021

There are also distinct services for accounting, inventory management, email and marketing automation, analytics and so on. Every page needs to load fast to get high conversions, which is why you had better spend your money on a premium web hosting plan now rather than address these issues later. Buy premium web hosting.

Payment Services 264

Payment Services Inventory Management Promotions Checkout 264

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 222

Outdoor Markdowns Apparel Fulfillment 222

Retail Minded

OCTOBER 2, 2023

UPS utilizes route optimization software to plan the most efficient delivery routes, reducing fuel consumption and delivery times. Patagonia, an outdoor clothing retailer, focuses on sustainability by using recycled materials, reducing waste, and promoting ethical sourcing.

Supply Chain Management 52

Supply Chain Management Management Inventory Management Outdoor 52

Retail Focus

JANUARY 12, 2023

But, of course, that has many downsides, such as cost, workforce planning, etc. Sales automation can also offer promotions and upsells tailored explicitly towards each customer and presented opportunistically. Inventory Management. However, to do that, the system needs to be operable 24/7 throughout the entire year.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

Retail TouchPoints

JANUARY 13, 2023

What’s more, merchandising rules enable ecommerce sites to rank how items appear in a gallery, banner or carousel, to promote and demote products and, in turn, improve your business metrics. At least 49% of consumers have purchased a product they didn’t plan to after receiving a personalized product recommendation.

Returns 289

Returns Consumer Inventory Management Customer Experience 289

I Vend

FEBRUARY 9, 2024

billion in 2028. ** AI in retail has a wide range of applications, including: Predictive analysis that helps retailers use the insights in their data to plan for the future. Process automation – such as inventory management , tracking stock levels and re-ordering. billion in 2021 to $31.38

Payment Services 52

Payment Services Inventory Management Checkout Point of Sale 52

Retail Smart Guys

MAY 1, 2023

Inventory Management: Keeping track of inventory levels, managing orders, and processing returns can be time-consuming and requires much attention to detail. This might involve doing a lot of tasks, such as making promotional materials and running social media pages which could take up so much time.

Inventory Management 52

Inventory Management Point of Sale Finance Returns 52

Wiser

DECEMBER 18, 2023

In the online world, it’s not about physical space, but rather visibility on search results, category pages, and promotional spaces. Optimize Marketing Efforts: DSOS can help you measure the effectiveness of your marketing and promotional campaigns, helping you to finetune your strategies for a better return on investment.

Promotions 139

Promotions Management Inventory Management Marketing 139