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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

Inventory is the second largest controllable expense and retailers are reporting back an improvement in markdown reduction losses of as much as 50 per cent through using the software to manage planning. This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Often, returning products to the store that fulfilled the original purchase will create inventory excesses and lead to markdowns. to optimize inventory for gross margins.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

The rise of at-home delivery forced loss prevention managers to start looking beyond the store. Whereas BOPIS shifts the delivery to the retail premises where store employees and loss prevention practices control every order. Should retailers choose BOPIS?