Retail TouchPoints

MAY 29, 2020

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%. The declines were attributed to store closures, though the retailer has reopened about 40%.

Department Stores 191

Department Stores Operating Expenses Store Operations Apparel 191

Retail TouchPoints

JUNE 10, 2020

The merger agreement specifically gave Simon the right to terminate the transaction in the event that a pandemic disproportionately hurt Taubman,” according to a Simon statement.

Operating Expenses 165

Operating Expenses Location Management Shopping 165

Retail TouchPoints

DECEMBER 4, 2023

Their critical shortcoming is the lack of valuable metadata, including data collected from barcode scans, pedometer readings, timing and location. This process often consumes a substantial amount of labor, time and cost, accounting for 50%-75% of total operating expenses in a typical retail store.

Operating Expenses 264

Operating Expenses Shipping Accounting Shopping 264

Retail Focus

MAY 18, 2021

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.

Payment Services 147

Payment Services Customer Retention Operating Expenses Marketing 147

Retalon

MARCH 21, 2025

Its typically built through a collaborative effort between finance, merchandising, marketing, supply chain, and store operations. Inventory levels: Forecasting stock requirements across locations to avoid stockouts or excess inventory. It helps retailers anticipate customer needs and stock accordingly. Why this matters?

Markdowns 41

Markdowns Finance Promotions Planning 41