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10 Tips to Improve Inventory Management

Small Biz Trends

Effective inventory management is essential for any business that aims to thrive. By prioritizing your inventory, tracking product information accurately, and conducting regular audits , you can streamline operations and reduce costs. This improves tracking accuracy and streamlines your inventory management processes.

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How IoT is Transforming Digital Signage in Retail

Retail TouchPoints

If a particular section of the store sees more traffic, a digital display could promote items from that section, creating a tailored shopping experience. Consumers can inquire about sales, promotions or store layouts, and the signage will respond in real time, providing relevant information based on the IoT data collected.

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5 Essential Tips for Effective Stock and Inventory Management

Small Biz Trends

Effective stock and inventory management is crucial for maintaining operational efficiency and meeting customer demand. By prioritizing your inventory using methods like ABC analysis , you can focus on high-value items. One way to improve your inventory control management is by prioritizing your stock using ABC analysis.

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Hispanic Supermarket Sedano’s Deploys Pricing and Promotions Solution

Retail TouchPoints

Sedano’s Supermarkets , a grocer based in southeastern Florida, will adopt a unified pricing and promotions solution from Relex Solutions. Optimization of pricing strategies and promotional campaigns will help Sedano’s set competitive prices, forecast promotional impacts and streamline workflows.

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JCPenney Joins SPARC Group to Form Catalyst Brands

Retail TouchPoints

Michelle Wlazlo, formerly the Chief Merchandising and Supply Chain Officer of JCPenney, has been promoted to Brand CEO of JCPenney. Former JCPenney CEO Marc Rosen has been named CEO of Catalyst Brands, with three brand CEOs overseeing the new companys portfolio reporting to him.

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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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Adore Beauty’s trading profit doubles on small sales increase

Inside Retail

“We remain focused on continued expansion of gross margins through growth of our owned brands, further growth of retail media, refined promotional cadence and disciplined inventory management,” said Sacha Laing, Adore Beauty CEO. However, its net profit attributable to shareholders declined 36.6