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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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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.

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Retail technology for building recession resilience

I Vend

Consumers continue to spend on essentials such as food, personal care, and basic clothing, but reduce their outlay on items such as furniture, home electronics, sporting goods and accessories. In retail specifically, the world tends to be divided into essentials and luxury items.

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Why Australian retailers are adopting RFID to boost sales and profits

Inside Retail

While the apparel sector is leading the adoption of RFID tags in Australia, Ramp is now seeing traction in the personal care sector, sporting goods, accessories, eyewear, and – more recently – liquor and furniture stores. A “major transformation” – but it pays off.

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How Puma is Using AI-Powered Styling to ‘Brainstorm’ with its Customers — and Increase AOV

Retail TouchPoints

Most sporting [goods] retailers have sneaker-led demand, or a certain occasion- or sports-led demand, so oftentimes there’s a bunch of people gravitating to a certain product and then they bounce away,” said Deuskar.

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What is Inventory Turnover in Retail? (Formulas, Benchmarks, Examples)

Retalon

It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold.