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How AI is Revolutionising the Retail Sector

Retail Focus

Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. Optimised Pricing Finding the optimal price point to maximise profits while remaining competitive is a constant balancing act in retail.

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How AI is Helping a Brooklyn Thrift Store Amp Up Both Sales and its Environmental Impact

Retail TouchPoints

The company was founded by two veterans of fellow circular economy tech solution Happy Returns , Andy Downard and Josh Packard, and uses AI to tackle one of the trickiest facets of secondhand retail pricing. And Thriftly is aiming to make it all more efficient and profitable, on the thrift store side that is.

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Best of 2024: From swoosh to stumble, can Nike regain its stride?

Retail Gazette

Earlier this year it unveiled plans to cut 1,600 roles as it looks to make 1.6bn in cost savings over the next three years on the back of softer sales. But what has put Nike in this vulnerable position in the first place, and what steps does it need to take to return to peak performance? ” “Why is this important?

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What is Return Fraud and How to Prevent It

Small Biz Trends

When bad actors take advantage of return policies, return fraud is the result. It’s the act of defrauding businesses using its return process and it’s a problem in the retail industry. If you think fraudulent returns aren’t a problem, think again. What Is Return Fraud? Price Switching.

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Amazon Return Pallets For Sale: How to Profit

Independent Retailer

A big trend among some online sellers is buying Amazon return pallets and overstock and flipping the items for big markups. What are Amazon Return Pallets? Why Would You Want Amazon Return Pallets? Where to Buy Pallets What is the best time to buy Amazon return pallets? What is the Process?

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How Retykle changed the Chinese belief that buying secondhand is bad luck

Inside Retail

In March this year, Retykle closed a new round of seed funding to support the company’s expansion plans. Products in the secondhand market tend to be 60 to 90 per cent off the original retail price,” Garner said. Retykle’s studio. The conscious consumers. The savvy sellers and buyers .

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Preparing For Peak; Five Tips For Getting Supply Chains Fit For The Festive Season

Retail Focus

Supply chains must be agile enough to cope with unexpected gaps in workforces, which involves two levels of contingency planning. Planning localised levels of stock on a short-term basis can go some way to achieving this, while more accurate inventory forecasting can optimise reordering to reduce replenishment timescales.