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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. Costco posted a 7.3%

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Retail Logistics: Boosting Efficiency and Productivity

Retail TouchPoints

Bringing the Bottom-Up Perspective into Focus CollaboMation strives to connect human workers with shop floor technology, creating a smooth interface that harnesses shop floor analytics and bridges any existing gaps that may disrupt operations. However, these solutions provide only a top-down perspective, missing the on-the-ground reality.

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How retail outlets can keep costs down

Retail Focus

According to a recent study, the costliest in-store operating expenses are labour, rent, marketing and energy so these are great places to start when looking to cut costs. Cutting costs is a great way to increase the profit margin for a business; however, not all cutting of costs will result in a happy ending.