RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2024

A centralized database acts as a single source of truth for all business data, allowing retailers to manage information from multiple channels and locations efficiently. Without a centralized database, different stores or departments might rely on separate systems, which can lead to errors, miscommunications, and operational inefficiencies.

Inventory Management 111

Inventory Management Location Management Supply Chain Management 111

RETAIL MANAGEMENT SOFTWARE

JANUARY 8, 2025

How to Implement: Use customer data to send personalized emails or offers, such as birthday discounts or promotions, based on their purchase history. Offer a personalized shopping experience both online and in-store, where customers feel that their preferences and needs are understood.

Customer Retention 111

Customer Retention Returns Promotions Shipping 111

Inside Retail

SEPTEMBER 3, 2024

Shopper engagement Chatbots and in-store kiosks: These provide instant assistance to your shoppers seeking information, especially when it comes to those common, easy-to-answer questions. Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Focus

MARCH 25, 2025

Their business is based on efficient operations, a limited range of goods, simple store layouts, and tough supplier deals. Grocery stores that promote organic or specialty foods frequently include budget lines to attract customers who can no longer afford premium items.

Consumer 130

Consumer Drop-Shipping Shipping Store Layout 130

Retail TouchPoints

AUGUST 17, 2023

AI can optimize store layouts based on shopper behavior, enhance customer service with AI-powered chatbots and equip businesses with real-time analytics for informed decision-making. She is the VP and Managing Director at IBM , focusing on the consumer-packaged goods, retail and travel and transportation industries.

Consumer 246

Consumer Payment Services Supply Chain Management Store Layout 246

Retail TouchPoints

SEPTEMBER 19, 2023

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

Store Operations 278

Store Operations Shipping Fulfillment Store Layout 278

Retail TouchPoints

FEBRUARY 28, 2024

Different departments can collaborate more easily and work toward a common understanding of the data, promoting better decision-making. Supply Chain Management model: This model helps retailers manage their supply chain by tracking inventory levels, logistics and supplier performance.

Inventory Turnover 260

Inventory Turnover Supply Chain Management Store Layout Marketing 260

Retail TouchPoints

JULY 24, 2024

AV technology also enables remote monitoring and control, allowing real-time adjustments that promote sustainability. Similarly, retail environments can use digital signage and interactive displays to alter the store layout and highlight different products or themes depending on the event or season.

Store Layout 264

Store Layout Consumer Visual Merchandising Promotions 264

Retail TouchPoints

MARCH 9, 2022

This is problematic because customer data should guide a majority of business decisions including marketing, inventory management, merchandising and more. As a result, the bath and beauty brand was able to quickly launch marketing campaigns to promote candles and leverage this positive change in customer buying behavior.

Store Layout 306

Store Layout Customer Experience Marketing Inventory Management 306

Wiser

SEPTEMBER 13, 2023

Whether you’re a small business owner or a manager of a large retail establishment, you’ll find that foot traffic data can offer you the valuable insights needed to enhance your business operations and boost revenue. Foot traffic data can also be leveraged to optimize store layouts.

Store Layout 147

Store Layout Promotions Store Operations Customer Experience 147

V Count

JULY 24, 2024

Two key features that enhance the capabilities of these systems are queue management and staff exclusion. Queue Management refers to the process of monitoring and controlling the flow of customers through checkout lines or service areas.

Management 98

Management Supermarket Checkout Inventory Management 98

Retail Focus

SEPTEMBER 14, 2024

It encompasses key activities like product selection, placement, pricing, and promotional tactics. Visual Merchandising and Store Layout Visual merchandising combines the arts and sciences to arrange products in a manner that draws in customers.

Fashion 130

Fashion Visual Merchandising Store Layout Inventory Management 130

Retail Focus

AUGUST 20, 2024

In this article, you will see how advanced data analytics transforms store layouts and enhances the shopping experience. Leveraging Customer Behavior Data for Smart Store Layouts Imagine your store layout working as hard as you do. Imagine knowing exactly where to place products to boost sales.

Store Layout 130

Store Layout Kiosk Inventory Management Retail Trends 130

365 Retail

JULY 11, 2024

A game of two halves To make the most of the Euros, retailers need to adopt a multifaceted approach that includes staff training, optimised labour scheduling, effective merchandising, strategic store layouts, queue management, engaging signage and customer feedback mechanisms.

Store Layout 85

Store Layout Promotions Checkout Customer Experience 85

Wiser

AUGUST 13, 2019

Ensure your inventory management is working properly. The important part of a solid promotional strategy is to ensure that these sales events don’t cannibalize the revenue from your full-priced items. Offer Promotions. Sales promotions are another excellent way to increase market basket size. Reduce Out-of-Stocks.

Marketing 103

Marketing Store Layout Promotions Inventory Management 103

Inside Retail

DECEMBER 17, 2023

The last quarter of the year typically sees retailers jump behind any promotional event as a way to entice consumers over competition. These promotional events have traditionally seen retailers shift huge amounts of stock and provided bumper sales to round off the quarter. But this shouldn’t just be a retail race to the bottom.

Shopping 130

Shopping Store Layout Promotions Consumer 130

I Vend

DECEMBER 10, 2023

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

Inventory Management 94

Inventory Management Shrinkage Store Layout Checkout 94

Retail Focus

JANUARY 12, 2023

A comprehensive brand experience is promoted from the outside and into the physical space as well as other brand touchpoints. A strong brand identity helps to create a cohesive look and feel for the pop-up store, which can help to establish the brand’s image and values in the minds of customers.

Visual Merchandising 246

Visual Merchandising Store Layout Customer Experience Shopping 246

DMS Retail

OCTOBER 1, 2021

In this new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Sourcing is an important and very time sensitive task in buying management.

Inventory Management 59

Inventory Management Management Space Planning Planning 59

DMS Retail

AUGUST 5, 2021

In this brand new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Sourcing is an important and very time sensitive task in buying management.

Inventory Management 59

Inventory Management Management Space Planning Planning 59

Wiser

JULY 31, 2023

Common Issues With Planogram Compliance One issue that brands often see when it comes to planogram compliance is inconsistent implementation across various store locations. There’s often a lag between the time a planogram is created and when it’s implemented in-store.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

V Count

JANUARY 24, 2024

Here are some actionable insights and expert direction to help you excel in becoming a successful store manager and improve. Whether you have recently become a leader or have been a decision-maker for a long while, you need to adapt to the dynamic retail space if you want to improve your skills and become a better store manager.

Management 59

Management Store Layout Inventory Management Target Market 59

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 7, 2023

By analyzing historical sales data, seasonality, and external factors such as weather and social trends, AI algorithms can help businesses make informed decisions about inventory management, pricing, and marketing strategies. Supply Chain Efficiency AI is also transforming supply chain management in the retail and CPG industries.

Marketing 111

Marketing Inventory Management Supply Chain Management Store Layout 111

RETAIL MANAGEMENT SOFTWARE

DECEMBER 4, 2023

From festive window decorations to well-organized in-store layouts, retailers aim to create an immersive and inviting atmosphere that captures the attention of shoppers. Strategic Discounts and Promotions: Shoppers are on the lookout for the best deals during the holidays, and retailers know this.

Store Layout 109

Store Layout Shipping Promotions Consumer 109

Retail Focus

MAY 24, 2023

Poor product layouts A retail store’s layout is vital in determining consumer shopping behaviors, as a poor store layout can cause shoppers to leave without making a purchase. To avoid this problem in your retail path and make sure your customers find what they need, you must rethink your inner layout.

Store Layout 130

Store Layout Department Stores Customer Experience Management 130

Wiser

AUGUST 17, 2018

Big companies such as TOMS and Chipotle have seen a lot of success with BOGO promotions. In a report from AMG , 66 percent of shoppers say that they like BOGO the most out of all discount promotions. They also found that 93 percent of shoppers report that they have taken advantage of BOGO promotions at least once.

Advertising 112

Advertising Promotions Visual Merchandising Store Layout 112

Inside Retail

JUNE 19, 2023

In an era dominated by big-box retailers and e-commerce giants, small independent retailers on main streets have managed to carve out a niche for themselves. Those who shop locally, have greater opportunity to interact with business owners and other shoppers, and this has been found to promote social cohesion and combat social isolation.

Store Layout 147

Store Layout Shopping Promotions Marketing 147

Retail Focus

JULY 3, 2024

Expert Manager at Univers Retail | Published author | Visiting lecturer. True luxury is characterised by durability and timeless design, often incorporating practices such as recycling materials, providing repair services, and promoting the resale of second-hand luxury goods. Ghalia BOUSTANI.

Consumer 162

Consumer Promotions Shopping Store Layout 162

Wiser

FEBRUARY 9, 2021

Therefore, it’s a must that you manage your price image alongside your more concrete pricing strategies, as the right price image can be a boon to sales for your business. This might be because these expensive items are often the most promoted and prevalent items in a store (physical or online). Discounts and Promotions.

Promotions 113

Promotions Store Layout Advertising Consumer 113

365 Retail

SEPTEMBER 17, 2023

In a constantly evolving sector, retail managers are tasked with keeping pace with the latest trends and ensuring their business achieves success and stability. This entails a deep understanding of the various facets of retail operations, from inventory management to customer service.

Management 52

Management Inventory Management Store Layout Employee Engagement 52

CJ Retail Solutions

MARCH 15, 2023

Retail merchandising involves the visual presentation of products in your store, including everything from product displays to store layout to pricing. A Retail Solutions company can help you optimize your store layout to improve traffic flow and guide customers to your most profitable products.

Store Layout 52

Store Layout Inventory Management Promotions Merchandise Store 52

Inside Retail

NOVEMBER 27, 2023

AI-powered inventory management and demand forecasting Harnessing the power of artificial intelligence (AI) and machine learning (ML) has become an operational reality for retailer s, especially in the realm of inventory management and demand forecasting. This is especially crucial in managing seasonal or event-driven merchandise.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

Retail Minded

JANUARY 4, 2022

Hence, the creation of customer chatbots to promote better communication with customers. . In terms of managing the retail supply chain, an autonomous delivery robot may help retailers to check and monitor stocks, determine errors in pricing, and locate misplaced items. . Cashierless Stores .

Store Layout 98

Store Layout Marketing Promotions Retail Marketing 98

V Count

MARCH 28, 2024

One such step, and a crucial one at that, is implementing Queue Management systems. Over the course of this content, we will delve into why queue management systems are so important, the benefits they offer, and how you can manage queues effectively with the help of head count sensors. The Importance of Queue Management 1.

Management 52

Management Customer Experience Customer Retention Store Layout 52

V Count

MARCH 28, 2024

One such step, and a crucial one at that, is implementing Queue Management systems. Over the course of this content, we will delve into why queue management systems are so important, the benefits they offer, and how you can manage queues effectively with the help of head count sensors. The Importance of Queue Management 1.

Management 52

Management Customer Experience Customer Retention Store Layout 52

Retail Focus

NOVEMBER 7, 2023

Bottega Veneta ‘s maze in Seoul and Mulberry’s pop-up promoting their new Softie bag. SHOWFIELDS , known as “the most interesting store in the world,” has made hyperphysicality its core brand pillar. In-store analytics track and analyze customer behavior, revealing popular areas and customer preferences.

Clienteling 147

Clienteling Store Layout Shopping Inventory Management 147

I Vend

MARCH 9, 2022

A flawless stock management system helps retail stores to enhance the customer experience – with full inventory visibility, staff can quickly find the exact item the shopper wants, and arrange collection from another store or delivery to home.

Fashion 98

Fashion Point of Sale Customer Experience Returns 98