Retail TouchPoints

APRIL 7, 2023

American Eagle Outfitters (AEO) plans to implement a new RFID and computer vision-based store inventory tracking system from Radar at approximately 500 stores across the U.S. Our initial test with Radar provided visibility into inventory availability and placement with impressive accuracy. over the next year.

Fulfillment 210

Fulfillment Location Planning Management 210

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”. Begin with baby steps, she advocates. Don’t outsource your inventory and localise your entire website on day one.

Planning 290

Planning Shipping Returns Customer Retention 290

Retail TouchPoints

JANUARY 28, 2022

Sam’s Club will add Inventory Scan capabilities to its existing fleet of nearly 600 robotic scrubbers chainwide, in partnership with Brain Corp and Tennant Company. Sam’s Club is adopting these processes to reduce waste and help fight inventory loss. This intelligence allows us to proactively manage our clubs in an efficient manner.

Inventory Management 257

Inventory Management Management Location Shopping 257

Retail TouchPoints

SEPTEMBER 28, 2022

Ecommerce platform Shopify is now aiming to help retailers sell anywhere through its unified POS Go all-in-one retail hardware device for omnichannel sellers. This latest addition to Shopify’s offerings relies on the company’s point-of-sale software, which is designed to allow retailers to sell online and offline.

Merchant Services 260

Merchant Services Payment Services Checkout Point of Sale 260

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And retailers are turning to AI to help. Where can AI and data-driven pricing solutions help reshape a retailer’s outmoded pricing structure and deliver pricing that fits today’s consumer?

Markdowns 254

Markdowns Retailing Pricing Promotions Fulfillment 254

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

MAY 16, 2023

With the proliferation of retail media properties, it’s beginning to feel like the digital economy is producing walled gardens faster than baby rabbits. To frame this, let’s level-set on what retail and commerce media properties are delivering. That is, do they allow third-party access to buy ads inventory?

Advertising 267

Advertising Merchant Services Apparel Marketing 267

Retail TouchPoints

FEBRUARY 14, 2024

The site, aimed at bringing off-price inventory from Simon’s malls online, now features more than 300 brands and as of last September, sales were up 100% year over year. Retail TouchPoints: What makes SPO stand out in the sea of other marketplaces? In either case, why don’t you [use SPO] as an extra valve for that inventory ?”

Shopping 182

Shopping Fulfillment Advertising Location 182

Retail TouchPoints

SEPTEMBER 12, 2023

“While FBA has made a huge impact on seller success, if you think about a product’s journey, it doesn’t really start with FBA, it starts much further upstream,” Saraogi said in an interview with Retail TouchPoints. “It Once it’s live, it will enable sellers to streamline their inventory management.

Merchant Services 294

Merchant Services Fulfillment Inventory Management Location 294

Retail Wire

JANUARY 3, 2023

Retailers are looking for a strong finish in January to prop up their holiday season performance and to clear out what remains of excess inventory. Concerns over a potential economic downturn remain as the new year begins.

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Inside Retail

AUGUST 7, 2023

CEO John King said the business continues to “tightly” manage costs, inventory and cash to ensure a strong balance sheet as it begins its new calendar year. The post Myer reports sales lift despite economic challenges appeared first on Inside Retail. King will retire in the second half of FY24 and return to the US.

Department Stores 246

Department Stores Accounting Returns Planning 246

Retail Wire

AUGUST 24, 2022

Nordstrom cuts its full-year financial forecast as the retailer looks to move excess inventory at a time of slowing demand. Customer traffic and demand decelerated significantly beginning in late June, predominantly at Nordstrom Rack,” Nordstrom CEO Erik Nordstrom said. “We

Planning 130

Planning ATS 130

Retail Wire

OCTOBER 19, 2022

Retailers are carrying higher levels of excess inventory as the Christmas selling season begins and that is expected to result in lots of discounted merchandise being available for shoppers. “This year is going to be a fantastic year to buy a tree,” said National Tree Company CEO Chris Butler. ” .

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Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. Returns are an inevitable part of retail. 1: Demand forecasting.

Fulfillment 268

Fulfillment Returns Shipping Promotions 268

Retail TouchPoints

JANUARY 26, 2023

The ever-shifting landscape of retail makes any type of prediction questionable, but there are a few hidden trends that are shaping the future of how we buy. This hyper-localized approach personalizes the shopping experience, while the technology behind the scenes refreshes the inventory to match local demand.

Fulfillment 303

Fulfillment Sporting Goods Customer Experience Consumer 303

Retail TouchPoints

MAY 4, 2023

Up until now Shein has operated as a traditional retailer by acquiring its own inventory. Shein tested the marketplace waters first in Brazil, beginning last month, and now plans to launch it in the U.S. Shein has enjoyed a meteoric rise in the U.S. 1 shopping app in America. Shein still holds the No.

Fast Fashion 283

Fast Fashion Fashion Apparel Shipping 283

Inside Retail

NOVEMBER 22, 2023

With the e-commerce boom of the pandemic now in the rearview mirror, it’s clear that, of all the sectors of retail that enjoyed an increase in sales during Covid, the furniture and homewares industry likely had it the best. But bricks-and-mortar retailers were also learning and growing through the process.

Shipping 246

Shipping Management Marketing ATS 246

Retail Focus

SEPTEMBER 26, 2023

With a dropshipping business model, you can move products directly from the manufacturer to the consumer without having to handle inventory or storage yourself. 6 Pros of Starting a Dropshipping Store It is often best to begin with the good news. Low Start-up Costs With dropshipping, there is no need to invest in inventory upfront.

Shipping 130

Shipping Consumer Management Returns 130

Retail TouchPoints

APRIL 19, 2023

Disney Advertising and Kroger Precision Marketing (KPM), the retail media business of Kroger, have partnered to bring streaming to retail and CPG marketers. A study by Insider Intelligence found that the two most important retail media attributes to advertisers are traffic quality (with 45.5%

Advertising 253

Advertising Grocer Marketing Consumer 253

Retail TouchPoints

JANUARY 26, 2023

Sam’s Club is embarking on an ambitious expansion of its physical footprint, beginning with five new fulfillment and distribution centers opening this year — the first, in Georgia, in Q3 2023. The retailer also completed a chainwide rollout of inventory-scanning robots in October 2022. “As

Fulfillment 258

Fulfillment Checkout Shipping Location 258

Retail TouchPoints

APRIL 24, 2023

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process. It remains to be seen if a court-approved sales process will enable better results for the retailer.

Payment Services 242

Payment Services Finance Location Planning 242

Retail TouchPoints

OCTOBER 6, 2022

Rather than being limited to a jam-packed four to five weeks from Black Friday to Christmas Eve, consumers are beginning their shopping as early as October (with a few doing so even earlier than that). But despite the rush, retailers still have multiple opportunities to maximize both in-store sales and online conversions.

Merchant Services 242

Merchant Services Payment Services Promotions Location 242

Retail TouchPoints

APRIL 21, 2022

That changed over the past few years as the COVID-19 pandemic and then the Russian invasion of Ukraine strained the supply chains for everything from chicken tenders to precious metals — resulting in empty shelves, delayed order shipments, reduced profit and frustrated retail customers. However, a strong foundation is only the beginning.

Supply Chain Management 221

Supply Chain Management Planning Shipping Inventory Management 221

Inside Retail

JANUARY 4, 2024

AI is a non-negotiable for retailers. As the driving force behind a new era of hyper-personalisation, efficiency and sustainable retail experiences, its impact on the way we shop cannot be understated. The idea of data as the new currency is nothing new, but what is really setting retailers apart is how this data is used.

Consumer 266

Consumer Customer Experience Department Stores Shopping 266

Retail TouchPoints

AUGUST 13, 2020

I had an inventory problem. Every business has to manage excess capacity and/or inventory: restaurants have excess food and empty tables; hotels and homeowners have vacant rooms; retailers have overstock and returns. Inventory levels will be further exacerbated by a spike in returns. Dealing With Excess Capacity.

Apparel 278

Apparel Inventory Management Finance Returns 278

Retail TouchPoints

JULY 22, 2022

At the end of 2021, the editors of Retail TouchPoints took a stab at predicting what would happen in ecommerce in 2022. As the ecommerce ecosystem becomes increasingly crowded, retailers are realizing that quality content is crucial to connect with consumers and stand out from the crowd. Verdict: Not quite right, but not wrong per se.

Social Commerce 301

Social Commerce Inventory Management Fulfillment Shipping 301

Retail TouchPoints

APRIL 18, 2024

There’s an analogy here to what is happening in retail, as retailer leaders have become increasing immersed in technology-driven innovation over the past decade. Retailers are being slowly pulled along with technology’s evolution without feeling any sense of impending doom. Many retailers are at this stage.

Fulfillment 250

Fulfillment Marketing Returns Supermarket 250

Retail TouchPoints

DECEMBER 28, 2022

A growing retail and ecommerce business can turn an efficient process into a multi-step nightmare with inaccurate purchasing, order fulfillment and returns processes. The ever-changing retail market has made automation a necessity. Automation Increases Warehouse Productivity and Accuracy. A One-Size-Fits-All Strategy Won’t Work.

Management 266

Management Fulfillment Drop-Shipping Employee Engagement 266

Retail Focus

APRIL 23, 2024

Sensormatic Solutions , the global retail solutions portfolio of Johnson Controls , today showcases a new, sustainable Acousto-Magnetic (AM) label designed to protect merchandise and the planet: the Sustainable SPX AM Label. Adopt sustainable practices with fewer barriers to entry.

Loss Prevention 147

Loss Prevention Shipping Customer Experience Management 147

Retail TouchPoints

NOVEMBER 29, 2022

there) by virtually visiting one of New York’s most famed retail attractions. Host Zoe Zhang shows viewers the scene at Woodbury Common as the livestream begins. As Giraudi points out, digitizing off-price inventory is a huge challenge , which is why the off-price market has been much slower to move online. festivities on Nov.

Fulfillment 256

Fulfillment Consumer Shopping Shipping 256

Retail TouchPoints

MAY 30, 2022

In trying to accommodate all customer demands while simultaneously fighting for market share in a rapidly expanding and competitive fashion industry, retailers are relaxing their return policies. A disconnect occurs in supply chain planning when products sit idly in the warehouse, creating a misconstrued illusion that inventory is low.

Returns 300

Returns Fashion Supply Chain Management Shopping 300

Retail TouchPoints

AUGUST 27, 2021

Retailers like Kohl’s, Target or Hy-Vee host small retail outposts for brands such as Sephora, Apple or DSW, respectively. . As retailers look to hop on this bandwagon, we have some recommendations and advice to meet the challenges of the store-within-a-store model. . Turning Knowledge into Power.

Inventory Management 278

Inventory Management Department Stores Management Shopping 278

Retail TouchPoints

SEPTEMBER 27, 2022

Beginning in Oct. 31, 2023; Curbside returns, which will allow customers to remain in their vehicles when returning items; and Return pickup at home for Walmart+ members who will be able to schedule pickup of eligible returns in the app then hand off returns without a box or label to delivery drivers for the retailer to process.

Returns 291

Returns Shopping Consumer Customer Experience 291

Retail TouchPoints

FEBRUARY 15, 2023

The off-price retailer also has obtained a commitment from Invictus Global Management to provide $51.5 Additionally, the retailer will pivot to a 3PL model for its remaining stores to transition to a more cost-effective inventory acquisition strategy for remaining stores.

Finance 236

Finance Marketing Management Store Operations 236

Inside Retail

FEBRUARY 18, 2024

As 2024 gets underway, what are the greatest challenges and opportunities facing retail? Here is a glimpse at the top priorities of the leaders of some of the country’s biggest retailers in the year ahead. KPMG: What is a key investment area or opportunity for retail to thrive in over the next two to five years?

Customer Experience 263

Customer Experience Inventory Management Consumer Promotions 263

Retail TouchPoints

FEBRUARY 10, 2021

Owned by Defyned Brands, the retailer of sports nutrition, vitamin and weight loss products is using the NewStore Omnichannel Platform to run its growing 54 -store retail footprint across the U.S. The new omnichannel platform will allow the retailer to incorporate historically store-exclusive products into its web assortment.

Clienteling 147

Clienteling Fulfillment Management Consumer 147

Retail TouchPoints

APRIL 28, 2022

Developing a sustainable supply chain strategy begins with ethical sourcing and creating a circular economy with healthy business practices. Step 2: Demand-Based Inventory Distribution and Shorter Supply Chains. Step 4: Omnichannel Commerce for a Single View of Network-wide Inventory, in Real Time.

Planning 244

Planning Drop-Shipping Supply Chain Management Returns 244