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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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5 ways ERP/POS integration streamlines retail operations

I Vend

Retailers who have integrated their iVend POS with their ERP and seen enormous business value include: Sporting goods retailer Monkey Sports, who have integrated iVend POS with SAP B1, and delivered 99.99% uptime, faster checkout and a new customer loyalty program.

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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

Dick’s Sporting Goods also attributed part of the brand’s 23% profit drop in the second fiscal quarter of 2023 to theft ( CNBC ). Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management.

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5G in Retail: Creating the WOW factor

Retail TouchPoints

Dick’s Sporting Goods , one of the largest sporting goods retailers, recently unveiled its House of Sports store with a running track, rock wall, batting cages and outdoor turf field. 5G-enabled tools can allow for order picking and inventory management.

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Holiday 2022 Recap: Promotions, BOPIS Drove Late-Season Engagement as Overall Growth Slowed

Retail TouchPoints

Sporting Goods : 10% vs. 6%. Retailers should also continue to focus on inventory management, monitoring the availability of goods and stability of key suppliers, and most importantly, cash flow projections (cash will always be king!).”. and 27% globally, according to Salesforce.

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Sporting Goods POS Software: Essential Features, Benefits, and Selection Tips

RETAIL MANAGEMENT SOFTWARE

In the competitive world of sporting goods retail, businesses face unique challenges that require tailored solutions. Managing inventory, processing sales efficiently, and providing a seamless customer experience are just a few critical tasks. Here are the must-have features: 1. Here are the must-have features: 1.

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How to Create Immersive Retail Experiences

Retail TouchPoints

Actionable data can also help retailers with inventory management across all locations. If the customer needs more information or help, these systems are particularly good at alerting retail managers to know quickly that a customer service action is needed. and content can scroll through several ads, messages and videos.