Remove Management Remove Marketing Remove Store Operations Remove Supply Chain Management
article thumbnail

Rite Aid Charges New Chief Retail Officer with Developing its Store of the Future

Retail TouchPoints

Persaud, who has held the role of EVP, Retail since February 2020 , will now be responsible for orchestrating new in-store experiences and operations processes under the retailer’s RxEvolution strategy. During the pandemic, he managed the development of protocols designed to enhance safety for shoppers and associates.

article thumbnail

Using Prebuilt Data Models? You Should Be

Retail TouchPoints

This can be particularly beneficial for retail businesses that have multiple brands or products, or seek to apply common metrics and models to disparate marketing or sales channels, or stages of an order lifecycle or customer journey. It is useful for optimizing store layout, staffing and marketing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six Principles for Redefining Retail with Responsible AI

Retail TouchPoints

The role of such a committee — consisting of individuals from different departments and backgrounds — extends from supply chain management to customer interaction. Training should cover the importance of diverse datasets in preventing AI bias, particularly in product recommendations and marketing strategies.

article thumbnail

White Paper: Making the case for store- and aisle-friendly fulfilment

Inside Retail

“Along with other retail trends, e-commerce has changed the amount of inventory retailers are keeping on store shelves, and the frequency with which those shelves are restocked,” says Steve Dimitrovski, senior sales consultant, retail and e-commerce, for Swisslog Australia and New Zealand.

article thumbnail

Can Nearshoring Prevent the Next Supply Chain Crisis?

Retail TouchPoints

“While we’ve returned to some sense of normalcy, the VUCA [volatile, uncertain, complex and ambiguous] proposition has become a reality,” said Dr. Thomas Goldsby, Professor and Chair in Logistics in the Supply Chain Management Department of the University of Tennessee. We’re now battle-tested.”

Returns 296
article thumbnail

Ten competitive strategies for retail success

I Vend

We’ve looked at the importance of a customer-centric approach, data-based decisions, omnichannel, supply chain management and your team. Optimising store operations – When it comes to store operations, one of the things that all successful retailers have in common is optimised processes and efficiency.

article thumbnail

Mitigate Supply Chain Challenges with Data and Proactive Customer Communication

Retail TouchPoints

Retailers that are in the best position to accomplish this are those that have “leveraged learnings from the disruptions of the past two years, and also realized that nothing is ever going to be perfect,” said Peter Bolstorff, EVP for Corporate Development at ASCM (Association for Supply Chain Management) in an interview with Retail TouchPoints.