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PetSmart has deployed the gStore platform from GreyOrange to enhance inventory management and store operations in its nearly 1,700 stores. In addition to streamlining digital fulfillment and inventory handling, the platform offers seamless integration with order management systems.
Walgreens has continued its downsizing efforts, with the CVS competitor announcing that it is closing 29 locations this month alone. These 29 locations affect customers in 13 states. The nation’s largest pharmacy company is looking to purchase 64 Rite Aid locations in the Pacific Northwest and 625 more in 15 states.
When managing retail inventory, grasping the crucial features of stock management systems can greatly improve your operations. Mobile access allows for management on-the-go, and seamless integration with other tools boosts efficiency. Each feature offers unique advantages that can streamline your processes.
GAILs Bakery , renowned for bringing chef-quality sourdough bread to neighbourhoods across the UK, has partnered with Verkada , a leader in cloud-based physical security, to streamline its security and operational processes across its more than 170 locations. We could finally manage all our locations in one place, which was a game changer.
Walmart is in the process of deploying AI-powered tools to meet key store associate requirements, including a task management solution that has reduced shift planning times from 90 to 30 minutes. and Canada locations later this year.
If you’re a retail business owner managing multiple retail stores, keeping your eye on the prize might be challenging. What if we told you that you could successfully manage all of your stores’ inventory and ROI with one intuitive inventory management system?
Laptops allow hybrid retail workers to provide personalized customer service from remote locations, and new use cases for AI in retail continue to emerge as organizations experiment with the technology to better serve customers and propel business. IT teams today can (and should!)
Closeout retailer Big Lots has initiated going of out business sales at its remaining stores following the news that a planned sale to Nexus Capital Management has fallen through. Big Lots currently operates 960 stores, according to its website , and will continue to serve customers both in-store and online.
When managing retail operations, choosing the right store management software is vital for efficiency and growth. Solutions like Oracle Fusion Cloud Inventory Management provide real-time stock visibility , whereas Cin7 seamlessly integrates e-commerce platforms. Let’s explore each solution further.
With Augmodo, the AI assistant lets them know which products are out of stock and in the wrong place, and which tasks are needed next, said Mark Finocchiaro, Managing Partner, CIO and Director at Chemist Warehouse in a statement.
Big Lots has opened upwards of 80 locations as the retailer moves forward under new leadership. According to a press release , the retailer reopened 78 of its previously shuttered locations on Thursday, June 5. In April 2025, Variety Wholesalers announced a first wave of openings for previously shuttered locations.
Streamlining retail workflow and inventory management is essential for enhancing efficiency and profitability. Diversify suppliers to mitigate supply chain risks and negotiate better terms for improved inventory management and cost efficiency.
Adopting a risk management approach is essential, where data encryption strategies consider the types of data, its use and where it resides to lower the impact in case of a breach. Security teams must ensure full visibility across all these environments to effectively monitor and protect the data. million per incident.
Thus, it highlights the urgent need for strong risk management strategies. Effective risk management involves identifying these threats, implementing preventive measures, and staying ahead of emerging vulnerabilities. Learning about these threats is the first step in developing strong risk management strategies.
Effective inventory management is essential for any business that aims to thrive. Key Takeaways Implement ABC analysis to prioritize inventory, focusing on top revenue-generating items for efficient management. Utilize inventory management software for real-time tracking and automated alerts, preventing stockouts and excess inventory.
Our board, investors, senior managers and key partners agree that reorganizing with the tools afforded us by Chapter 11 is the fastest path toward putting our company on a smaller, financially stronger platform from which we can continue our long legacy of serving California readers , he said in a statement. is not going away.
After its introduction, Even with zero marketing, we were seeing upwards of 20% of app openings happening in a physical location, so we saw the potential of adding a store mode, said Matt Walker, Director of Product and Design, Mobile Apps at Dicks Sporting Goods. We would want to know if that persons location was being spoofed, for example.
billion in total delivery expenses, adding that “there is no indication that the erroneous accounting accrual entries had any impact on the company’s cash management activities or vendor payments.” Our Macy’s First 50 locations achieved their third consecutive quarter of comparable sales growth.
That’s why it’s of little surprise that on the occasion of its 60 th anniversary, The Paper Store has embarked on a five-year, $60 million brick-and-mortar-oriented expansion that will add 30 to 40 locations to its current 100+ stores and upgrade approximately 30 existing stores. We look at ourselves as the antithesis of online shopping.
When managing your retail store, choosing the right inventory software can greatly influence your efficiency and sales. Let’s explore the top seven programs that can optimize your retail management and improve your business performance. Comprehending these options will help streamline your operations. And Why Do You Need It?)
Key Takeaways Location Influence: The right business location directly impacts visibility, customer access, and overall success, making it a critical decision for any entrepreneur. Cost Evaluation: Thoroughly assess costs associated with rent, utilities, and taxes to ensure financial viability while selecting a location.
Create a risk matrix based on factors like geographic location, lead times, and price sensitivity. Inventory buffer management: Develop a strategy for maintaining optimal safety stocks or buffer inventories. Technology and automation Automate repetitive tasks: Streamline order processing, inventory management, and data reporting.
In the high-value world of jewelry retail, managing inventory precision, customer relationships, and sales processes requires more than just a generic ERP. In this guide, we compare ChainDrive Jewelry Store Management Software with leading platforms like NetSuite, Jesta I.S., That’s where ChainDrive Jewelry Software shines.
Grocery TV will now power more than 10,000 screens at Hy-Vees 400+ retail locations across the Midwest, reaching shoppers at key store touch points including the entrance, checkout, service departments, aisles and endcaps. The partnership will go live in February 2025.
WHSmith North America (WHSNA) has partnered with commerce media solution SMG to launch a travel-focused in-store retail media network (RMN) that will connect brands with shoppers at the retailers more than 347 airport, rail station and resort-based locations across the U.S. and Canada.
Importance of Effective Communication in Retail Security With the increased prevalence of retail crime, the ability to communicate in tandem among security personnel, management and law enforcement is essential. The more clear and fast communication you have, the better.
One problem she has been working on since joining IHG in 2022 is how to manage the backend systems and processes for a business, Mitre 10, with over 500 stores that are all individually owned and operated. “It’s not just about you as a customer and your purchasing history, it’s your location.
Key areas for new pet parents to manage include: Setting up the home; Developing a routine; Preparing for the vet; Finding the appropriate food for nutrition and the owner’s budget; Training; Prioritizing pets’ mental health; and Planning for long-term health and safety, including microchipping and health insurance options.
store last month , with another five in development and plans to eventually operate 50 locations in the region. In October 2023 Steve Madden completed its acquisition of the privately held womens fashion label Almost Famous , and in June 2022 Steve Madden deployed a new order management system from HotWax Commerce.
A centralized database acts as a single source of truth for all business data, allowing retailers to manage information from multiple channels and locations efficiently. A centralized database is a system where all of a company’s data is stored in one location, accessible to all departments and retail locations in real time.
When managing inventory , the right software can greatly streamline your processes and improve efficiency. Open Systems Traverse includes advanced dashboard capabilities and flexible deployment options, catering to various inventory management preferences.
Instead of manually searching for items, employees can send digital requests for merchandise, ensuring that products are located and delivered to customers quickly. They want to check product availability at nearby locations or have items delivered, all while trusting that the information they see is accurate and up to date.
Cash flow management can be one of the most significant issues for seasonal businesses. Managing this requires keen budgeting skills and pre-planning, which can cause stress for seasonal business owners. Workforce management also can be a key component to expanding into year-round operations.
Dillards has been executing a highly successful strategic plan focused on improving operating margins, prudently managing capital expenditures and aggressively returning capital to stockholders, said James Mitarotonda, Chairman of Barington in a statement. However, we are concerned with Macys large capital expenditure programs.
That’s why applying smart inventory management tips isn’t just helpful — it’s essential for retailers in the apparel, Footwear, Jewelry, Sporting Goods, Home Goods, and department store industries. With the right Inventory Management Tips, you can recover value, reclaim space, and even drive customer engagement. So, why wait?
The new company launches with more than $9 billion in revenue, 1,800 store locations and 60,000 employees. JCPenney and SPARC Group, which holds a portfolio of brands including Aropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica , have formed a joint venture in an all-equity transaction to create Catalyst Brands.
They need to keep track of what’s new, what’s unique to their location and what just went on sale. Prepping click-and-collect orders, picking and packing ship-from-store orders, managing store-to-store transfers, etc. — Of course, they need to be product experts. Associates have to be omnichannel fulfillment specialists.
However, home improvement retailer Lowes has leveraged AI-powered solutions to create 3D digital twins of all its stores, each of which is now being updated multiple times per day to accurately reflect whats going on in the real-world brick-and-mortar location.
Skechers has reimagined its store at Canadas West Edmonton Mall as its first Performance location, featuring an immersive experience that includes an expanded sales floor, half-size pickleball and basketball courts and a range of technology showcases. Image courtesy Skechers
With its heightened digital elements, The Athlete’s Foot’s general manager Ian Taunton said this is the first physical store where the customer can walk through all of the brand’s pillars and offerings. “I The Athlete’s Foot has plans to eventually roll out its new format across many of its pinnacle locations across Australia and New Zealand.
Through the partnership, Liverpool will manage all of Fabletics’ retail locations, ecommerce and wholesale operations across the region, starting in Q2 2025. Initially, the ecommerce site and stores will focus on Fabletics’ core designs, including best-selling active and lifestyle pieces.
James Breaks, associate director of design, rpa:group rpa : group, which works with retail partners across design, architecture and project and cost management services, is in agreement about the increasing and evolving role of AI within the industry.
featured speakers such as Beatrice de Quinsonas Drouas, Director of Research at BPCE Solutions Immobilires; Mathieu de Mallman, Global Head of Retail and Healthcare at AXA IM ALTS; Eric Decouvelaere, Head of EMEA Urban Destinations at CBRE Investors Management; and Romain Muller, Head of Investment Management Retail at Union Investment.
Today, a physical presence is a brand’s most manageable, tangible, and measurable marketing tool,” Gray reaffirmed. While the industry can agree on the necessity of a physical presence for retailers operating in the apparel space, the jury is still out on the optimal number of locations for brands to maintain relevance and succeed. “We
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