Retail TouchPoints

MARCH 18, 2024

Google wants a bigger piece of the traffic driven by retail media advertising. To start getting it, the tech company has launched a new offsite retail media solution in closed beta. We see retail media as a cornerstone of the SA360 mission to drive reach, performance and productivity for advertisers.”

Advertising 304

Advertising Management Promotions Shopping 304

Retail TouchPoints

NOVEMBER 23, 2023

France recently announced it would dedicate $216 million to helping Bordeaux winemakers destroy their excess inventory , even helping them to tear up vineyards and plant other crops. As a veteran supply chain professional, I know the connection between excess inventory and margin erosion is undeniable.

Point of Sale 212

Point of Sale Planning Marketing Fulfillment 212

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 250

Store Operations Shipping Fulfillment Store Layout 250

Retail TouchPoints

OCTOBER 3, 2023

It was at that point that putting the technology and operations in place to fulfill from an increasingly complex supply chain network embarked upon its next frontier. During those transition years, we watched more than a few retail CEOs fold their arms and declare: “My store associates will never spend time putting a shirt in a box.”

Fulfillment 237

Fulfillment Drop-Shipping Markdowns Shipping 237

Retail TouchPoints

FEBRUARY 13, 2024

In order to thrive in this economic market, it is critical for retailers to dive into consumer data and apply their learnings strategically. A recent survey from Google Cloud supports this concept, reporting that 81% of retail decision-makers feel an urgency to adopt generative AI in their businesses.

Consumer 274

Consumer Advertising Management Marketing 274

Inside Retail

MARCH 21, 2024

When UK and Irish discount book, games and toy retailer The Works set out to improve the accuracy and efficiency of its inventory management across its stores it turned to Zebra Technologies to revolutionise its back-end management system. Customers want immediate fulfilment.

Inventory Management 130

Inventory Management Management Fulfillment Promotions 130

Retail TouchPoints

MAY 9, 2024

Disney Advertising and Walmart ’s retail media division Walmart Connect are teaming up to bring retail media insights to Disney’s streaming TV platforms, including Hulu and Disney+ , for programmatic advertising campaigns and measurement. Approximately 145 million customers shop with us online and in stores weekly.

Advertising 276

Advertising Apparel Marketing Planning 276

Retail TouchPoints

FEBRUARY 1, 2024

Adidas will sell off its remaining Yeezy inventory at cost rather than write it off at a loss, the company announced alongside its preliminary results for 2023. Operating profit in 2023 landed at €268 million compared to €669 million in 2022. billion the partnership garnered in 2022 when it was still active.

ATS 253

ATS Wholesale Marketing 253

Retail TouchPoints

NOVEMBER 17, 2023

The letdown customers experience when their orders don’t arrive on time, or at all, results in uncertainty and distrust that’s difficult — if not impossible — to remedy. Retailers can expect that customers will turn to other vendors; once this happens, they’ve lost both the sale and the customer’s trust and loyalty.

Customer Experience 236

Customer Experience Inventory Management Fulfillment Inventory Turnover 236

Retail TouchPoints

DECEMBER 14, 2022

Ever visited a retail customer service desk looking for a specific item and been told “The system says there are three in stock, but if they aren’t on the shelf, we don’t know where they are.”? Most shoppers have been in this frustrating position at least once (and most retailers, daily). Get visibility into buying velocity.

Inventory Management 279

Inventory Management Fulfillment Management ATS 279

Retail TouchPoints

JUNE 22, 2023

Toolio ’s merchandising platform is designed to automate critical workflows, provide real-time insights and enable remote collaboration, empowering retailers to make faster, data-driven decisions about their most important (and expensive) asset — inventory.

Planning 242

Planning Location ATS 242

Retail TouchPoints

SEPTEMBER 1, 2022

At the same time, retailers are harkening back to a time in the not-so-distant past when holding too much inventory was considered an unforgivable sin. In traditional retail, you always want to minimize your inventory holding costs to avoid paying for something you might not be able to sell.

Fulfillment 267

Fulfillment Supply Chain Management Management Consumer 267

Inside Retail

MARCH 19, 2024

Selling online in the US can be lucrative, as many Australian retailers and brands are discovering. Baby steps Daly says retailers eyeing the US market should not try to create a “one size fits all experience”. Don’t outsource your inventory and localise your entire website on day one. Begin with baby steps, she advocates.

Planning 290

Planning Shipping Returns Customer Retention 290

Retail TouchPoints

JANUARY 18, 2024

The company has signed a letter of intent to open its first retail store, which will be an outlet location, although details of where the store would be located were not shared. We believe the best performing retail brands will have three legs to their growth story: wholesale , ecommerce and retail stores. million annually.

Planning 220

Planning Customer Retention Wholesale Location 220

Inside Retail

FEBRUARY 25, 2024

The 2024 Australian Retail Outlook is out now. Be sure to download the 2024 Australian Retail Outlook to discover more. AI has huge potential in the consumer and retail sector, with its ability to drive better business outcomes, including in customer experience, commercial effectiveness, operational efficiency, and cost optimisation.

Inventory Management 246

Inventory Management Management Consumer Planning 246

Retail TouchPoints

SEPTEMBER 14, 2023

that delivers pretty much any item to a consumer with science fiction-style immediacy, retailers remain bound by 21 st -century delivery methods. in an interview with Retail TouchPoints. in an interview with Retail TouchPoints. Unemployment is at 3.5% Until someone invents a Star Trek -style replicator (“Tea.

Fulfillment 247

Fulfillment Shipping Supply Chain Management Consumer 247

Retail TouchPoints

APRIL 19, 2024

One industry with a particularly negative environmental impact is the retail industry. What RFID Technology will do for the Retail Sector RFID stands for “radio frequency identification.” One of the most environmentally destructive aspects of the retail industry is the supply chain.

Supply Chain Management 232

Supply Chain Management Fast Fashion Apparel Shipping 232

Retail TouchPoints

JANUARY 26, 2023

Manhattan Associates has enhanced its POS and store fulfillment solutions with handheld RFID support to assist with all inventory management and order fulfillment activities. Manhattan Active Omni’s RFID capabilities are designed to streamline and automate inventory counting and receiving processes.

Inventory Management 239

Inventory Management Fulfillment Management Location 239

Retail TouchPoints

JULY 31, 2023

Inventory distortion, whether it’s out-of-stocks or overstocks, are a huge and costly challenge for retailers and suppliers, and too often a source of great inconvenience to consumers. A recent study by IHL Group projects that the global cost of inventory distortion in 2023 will be $1.77 alone at $100 billion.

Markdowns 219

Markdowns Shipping Fulfillment Consumer 219

Inside Retail

FEBRUARY 9, 2024

However, Booktopia’s transition to a new customer fulfillment centre negatively impacted sales revenue during the first half, due to lower inventory, products running out of stock, and longer delivery time. The post Booktopia slashes profit projection after lacklustre sales appeared first on Inside Retail Australia.

Fulfillment 246

Fulfillment ATS 246

Retail TouchPoints

MAY 17, 2024

Despite a successful holiday shopping season, retailers face numerous hurdles in the year ahead. of retail sales, and, worryingly, 13.7% As a result of this burgeoning problem, retailers have started to incorporate return fees. Here are a few ways innovative technologies can help in the quest to reduce retail returns.

Returns 198

Returns Fulfillment Inventory Management Apparel 198

Retail TouchPoints

MARCH 29, 2023

Retailers need to ensure shoppers always have access to the product they want, where they want it, or else they risk losing loyalty in a difficult environment. Advanced RFID capabilities have been implemented in 40 stores and the retailer is in the process of rolling them out chainwide. But if you look at sizes, that varies a lot.

Checkout 239

Checkout Planning Customer Experience Management 239

Retail TouchPoints

MARCH 16, 2023

The solution aims to help retailers replace manual processes with instant recommendations and automated workflows that can remove the barriers between supply chain operations.

Management 240

Management Fulfillment Planning Returns 240

Retail TouchPoints

FEBRUARY 9, 2023

and Google Cloud have launched BrainOS Inventory Insights, a proprietary solution that aims to deliver next-generation in-store inventory analytics to retailers. The platform is designed to be an end-to-end solution for analyzing the inventory data collected by BrainOS-powered inventory scanning robots. Brain Corp.

Inventory Management 218

Inventory Management Management Location Shopping 218

Retail TouchPoints

SEPTEMBER 27, 2023

Simon Properties is partnering with Dropit to bring omnichannel inventory management and fulfillment capabilities to its facilities. “Simon’s commitment to shaping the future of retail aligns perfectly with our pursuit of technological innovation,” said Karin Cabili, Founder and CEO of Dropit in a statement.

Returns 221

Returns Merchant Services Fulfillment Inventory Management 221

Retail TouchPoints

APRIL 24, 2024

Foot Locker has unveiled its new store format, which includes a communal sneaker try-on area to facilitate “sneaker culture” conversations and technology that provides store associates with omnichannel inventory availability data. The retailer plans to use learnings from this store, located in the Willowbrook Mall in Wayne, N.J.,

Store Layout 240

Store Layout Accessories Location Promotions 240

Retail TouchPoints

MARCH 21, 2024

Premium retailer Woolworths will deploy the iD Cloud RFID solution from Nedap to 217 Fashion, Beauty and Home stores across South Africa as it seeks to improve inventory accuracy and in-store replenishment. We are excited to start this journey with them.

Loss Prevention 225

Loss Prevention Fashion ATS Store Operations 225

Retail TouchPoints

DECEMBER 25, 2023

People have been saying “Retail is dead” for several years now. Multinational athletic apparel retailer Lululemon recently announced its net revenue increased 20% (on a constant dollar basis) to $2.2 No, retail isn’t dead. Bad retail is dead. Most retailers can name their top selling items. and net income by 7.7%

Customer Experience 224

Customer Experience Dead-Stock Store Layout Point of Sale 224

Retail TouchPoints

JUNE 19, 2023

Our recent study conducted with IHL, How Retailers Win Loyalty in an Omnichannel World , looks into the need for all retailers to take a firm hand in optimizing their inventory. But it’s physical retailers that have the most to lose by not doing so. Impulse spending accounts for a sizable chunk of retail revenue.

Inventory Management 232

Inventory Management Department Stores Consumer Shopping 232

Inside Retail

FEBRUARY 26, 2024

Kogan returned to profitability in the fiscal first half, despite lower revenue due to reduced inventory and the company’s focus on platform/software-based subscription revenue. The online retailer swung to a net profit of $8.7 Gross margin stood at 36.1 million while revenue slid 9.9 per cent to $248.2 per cent to $446.6

Returns 261

Returns Net Profit ATS 261

Retail TouchPoints

SEPTEMBER 27, 2023

Shopify has taken a stake in the B2B retail marketplace Faire and is establishing Faire as the recommended wholesale marketplace for its millions of global merchants through a deeper integration between the two platforms. The size of Shopify’s stake in Faire was not disclosed.

Wholesale 255

Wholesale Merchant Services Point of Sale Shopping 255

Inside Retail

OCTOBER 17, 2023

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

Inventory Management 182

Inventory Management Management Drop-Shipping Fulfillment 182

Retail TouchPoints

APRIL 25, 2022

Supply chain management is the heart of retail management and has the ability to inform the overall health of a business. Customer loyalty is paramount to building a scalable business model, and the availability of inventory coupled with the guarantee of delivery will ultimately allow a business to meet and exceed its KPIs.

Supply Chain Management 284

Supply Chain Management Inventory Management Shipping Management 284

Retail TouchPoints

NOVEMBER 20, 2023

Retail theft is on the rise, and many businesses are grappling with the financial fallout. In recent months, The Home Depot, Foot Locker, Target and other retail giants have suggested that shoplifting is cutting significantly into their respective profits. This represents the greatest source of loss for retailers of all sizes.

Payment Services 311

Payment Services Sporting Goods Inventory Management Loss Prevention 311

Inside Retail

AUGUST 29, 2023

Global plus-size fashion retailer City Chic says sales declined 15.8 Phil Ryan, CEO and MD of City Chic, said: “We have exited FY23 with a materially improved inventory position and have a clear strategy in place to return the business to profitability based on getting back to what we are good at.”

Consumer 246

Consumer Fashion Returns Marketing 246