Remove Loss Prevention Remove Markdowns Remove Planning Remove Returns
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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life. 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.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

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

Retalon

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers are able to view the item before purchase, minimizing returns. Payment, return, and exchange policies. How does BOPIS work?