Retail TouchPoints

OCTOBER 5, 2023

Strong consumer spending continues to be driven by net-new demand and not just higher prices, according to the research firm, with Adobe’s Digital Price Index showing that online prices have fallen consecutively for 12 months and were down 3.2% retail websites, 100 million SKUs and 18 product categories. Adobe expects U.S.

Apparel 228

Apparel Shopping Consumer Accounting 228

Retail TouchPoints

APRIL 21, 2021

The pandemic accelerated not just ecommerce but also digital payment methods: digital wallets reached 29.3% The wallets are expected to unseat credit cards as the preferred online payment method in the coming years, according to the FIS Global Payments Report 2021. in 2020 due to demand for contactless payment methods.

Merchant Services 290

Merchant Services Payment Services Checkout Accounting 290

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. Retailers can now gauge how different items sell at different speeds at different times, to different customers.

Markdowns 254

Markdowns Retailing Pricing Promotions Fulfillment 254

Retail TouchPoints

AUGUST 27, 2021

Even before the COVID-19 pandemic dramatically accelerated the growth of ecommerce and raised consumer expectations for seamless, almost instantaneous fulfillment, on-demand deliveries were already becoming the norm across the globe. alone, forecasters project that the on-demand food delivery market will nearly double, from $18.5

Fulfillment 264

Fulfillment Consumer Marketing ATS 264

Retail TouchPoints

JULY 14, 2023

This applies across the customer shopping journey, from customized recommendations to predicting consumer behavior and product demand as well as creating more seamless omnichannel experiences. The possibilities appear to be endless. This helps minimize stockouts or overstocks during peak seasons.

Fulfillment 198

Fulfillment Dead-Stock Customer Experience Inventory Management 198

Inside Retail

JULY 6, 2022

Supply chain disruption may have become a singularly hot topic in retail circles these past years, but a focus on improving supply chain planning and forecasting is far more than just a passing trend. The systems are now being employed to manage volatility in demand and material shortages throughout the global supply chain.”.

Planning 130

Planning Supply Chain Management Markdowns Management 130

Retail TouchPoints

NOVEMBER 27, 2023

As Cyber Monday sales continue to roll in, Cyber Week appears to have allayed retailers anxieties by delivering another year of record consumer spending, according to Adobe Analytics. YoY); and Adobe is predicting that Cyber Monday will be the biggest online shopping day of all time with a sales forecast between $ 12 billion and $12.4

Beauty and Health 162

Beauty and Health Jewelry Payment Services Consumer 162

Retail Smart Guys

OCTOBER 7, 2023

Efficient inventory tracking not only helps you meet customer demand but also minimizes costs and maximizes profitability. Such software often offers features like real-time updates, order management, and demand forecasting, helping you make informed decisions and reduce human errors. Experience the difference!

Inventory Management 97

Inventory Management Inventory Turnover Management ATS 97

Retail TouchPoints

MARCH 4, 2022

The number of online purchases has skyrocketed, with many people embracing the “click-and-collect” method. On the business side meanwhile, retailers are now expected to deliver services that are not only convenient and safe but also more personalized. Retailers have turned to algorithms to reach these pandemic-era demands.

Consumer 258

Consumer Customer Experience Shopping Marketing 258

Retail TouchPoints

APRIL 5, 2021

According to McKinsey’s 2020 Global Payments Report , a drop of four to five percentage points in the share of global cash transactions was forecast for the end of 2020. They are now actually the dominant payment methods globally, used in more than 70% of all online transactions. Installment Payments are Changing Mindsets on Credit.

Merchant Services 192

Merchant Services Payment Services Checkout Consumer 192

Retail Minded

AUGUST 24, 2023

In recent years, the retail industry has experienced a sea of transformation. Especially now, with Artificial Intelligence (AI) moving from experimental stages to active implementation in various industries, retailers are on the cusp of a revolution. Why Retailers Need AI More Than Ever Every day, retailers face countless challenges.

Customer Experience 97

Customer Experience Inventory Management Management Accessories 97

Inside Retail

APRIL 20, 2021

However, according to a recent report by IDC – Why Integrated Business Planning is the Linchpin – the majority (63 per cent) of retailers don’t see innovation as a priority. Two industries that would benefit greatly from this are that of fashion retail and manufacturing. For us, this challenging journey wasn’t a mere project.

Planning 147

Planning Fashion Management Marketing 147

Inside Retail

JUNE 27, 2022

Between a global pandemic, a ship getting stuck in the Panama Canal , unprecedented spikes in demand leading to a global snafu of shipping containers, historically long queues of ships waiting to berth in ports around the world, war, and rising inflation; it almost beggars belief that all of this has occurred in just two short years.

Shipping 130

Shipping Consumer Shopping Accounting 130

Inside Retail

FEBRUARY 6, 2022

Each business partnered with Wing – a leading technology company and a subsidiary of Alphabet, parent company of Google – in order to tap into the growing drone delivery market, which is forecasted to grow to US$63.6 Drone delivery at this stage looks to be a promising complementary method of delivery to traditional options.

Location 246

Location Marketing Customer Experience Planning 246

Retalon

AUGUST 22, 2023

Retail merchandise planning is the strategic process retailers use to determine what products to stock, in what quantities, and where to allocate inventory across stores and e-commerce channels. It’s essentially the playbook for retail success. This leaves significant room for error.

Planning 41

Planning Merchant Services Markdowns Consumer 41

Retail TouchPoints

OCTOBER 20, 2020

With this in mind, delivery, logistics and distribution of inventory need to be top of mind for retailers. If current supply chain trends continue, Salesforce has forecasted that 700 million holiday gifts will likely not arrive on time this year. Extend Holiday Promotions to Ease Delivery Burdens.

Shipping 149

Shipping Promotions Fulfillment Consumer 149

Retail TouchPoints

OCTOBER 20, 2021

The retail ideal can be described succinctly as “Three P’s and a T”: The right product , in the right place , at the right time and at the right price. So what does a retailer do when supply chains are stopped up, slow or just plain broken — and they don’t even have reliable information on exactly when items will arrive?

Supply Chain Management 282

Supply Chain Management Promotions Consumer Fulfillment 282

Wiser

JANUARY 17, 2024

It’s a dynamic method that considers the varying demand and production costs at different phases of a product’s life, from the introduction stage, to growth, maturity, and decline. During periods of high demand, prices can be increased to manage stock levels and prevent shortages.

Management 140

Management Marketing Consumer ATS 140

Wiser

JUNE 5, 2023

Because smaller retailers cannot always order in bulk or far in advance like many larger retailers do, any supply chain disruptions are often felt faster and stronger by small businesses. When demand for an item suddenly spikes or drops, it can lead to cash flow issues, inventory shortages, and increased competition.

Management 147

Management Drop-Shipping Shipping Supply Chain Management 147

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. Every business has its own set of challenges and methods of addressing them.

Management 266

Management Fulfillment Drop-Shipping Employee Engagement 266

Retalon

JULY 28, 2021

Why is Seasonal Demand Forecasting important? Traditionally retailers have relied on past sales history to make predictions for future demand. The volatile nature of seasonal inventory leaves traditional methods of forecasting ineffective, and in fact, harmful. What is Seasonal Demand Forecasting?

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

JULY 28, 2021

Why is Seasonal Demand Forecasting important? Traditionally retailers have relied on past sales history to make predictions for future demand. The volatile nature of seasonal inventory leaves traditional methods of forecasting ineffective, and in fact, harmful. What is Seasonal Demand Forecasting?

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retail Minded

OCTOBER 2, 2023

Effectively managing a retail supply chain is essential for meeting customer demands and maintaining a competitive edge in the market. Tackling retail supply chain challenges is a blend of smart strategies and the right technologies. This automation significantly reduces labor costs and speeds up order fulfillment.

Supply Chain Management 52

Supply Chain Management Management Inventory Management Outdoor 52

Retail Minded

MARCH 8, 2023

The retail industry is highly competitive, especially in this era of technology-based commerce. This means that most consumers expect retail companies to have faster turnaround times for product deliveries. That’s why you should re-invent your current retail logistics strategy through optimization.

Fulfillment 52

Fulfillment Customer Retention Shipping Management 52

Retail Minded

MAY 3, 2023

Managing inventory is a crucial element of every retail business. Retailers know that inventory management is time-consuming and can pose difficulties. You can optimize inventory management and drive business results, whether you’re a small retailer or a large chain.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

Retalon

SEPTEMBER 11, 2020

Top-performing retailers cannot rely on inaccurate, decades-old approaches to forecasting demand. In order to optimize their inventory investments and maximize GMROII, today’s retailers need accurate demand forecasts for every SKU in every store. What is Demand Forecasting?

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Independent Retailer

DECEMBER 23, 2022

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . Retailers were sitting on $739.5 This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. Census data.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retail TouchPoints

DECEMBER 10, 2020

The pandemic has created a retail landscape that is moving at a rate that no one could’ve imagined or fully prepared for. So in order to meet this rise in demand and enable fulfilment, it’s vital that businesses are able to measure, monitor and organise these new data streams as effectively and efficiently as possible.

Supermarket 209

Supermarket Consumer Fulfillment Marketing 209

Retail TouchPoints

FEBRUARY 11, 2021

In no particular order, let’s examine what we believe to be some key trends in retail. First, the role of the traditional retail store has changed. In short, retailers must now treat stores as a more generic asset; among other things, that means disaggregating and understanding all the demand streams that flow through a store.

Retail Trends 228

Retail Trends Payment Services Supply Chain Management Fulfillment 228

Inside Retail

APRIL 26, 2021

As more alternative testing methods are developed and personnel are trained in the execution of such tests, and as larger beauty companies help pave the way for change, we will no doubt see both a greater awareness and, of course, demand by shoppers in China for more cruelty-free products,” she said. Cruelty-free fashion.

Fashion 242

Fashion Fast Fashion Consumer Marketing 242

Inside Retail

MAY 25, 2021

From next year, Valentino will go fur free, following in the footsteps of its peers in the luxury fashion space – Prada, Versace, Gucci and Armani – who are all part of the global Fur Free Retailer program. Deception in retail. These items can be found at every price level, from market stalls to luxury brands.

Fashion 221

Fashion Accessories Consumer Apparel 221

Retalon

FEBRUARY 10, 2022

Worldwide, retailers are losing $1.75 Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. Bad inventory refers to products that cannot be sold because they are either no longer functional, or there is no more demand for it. No room for in-demand inventory .

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. And this is exactly what happened to many retailers within the last year.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. The most stubborn, expensive issues retailers face are due to poor demand forecasting. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Let’s find out.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Rain Pros

MARCH 6, 2024

Efficient inventory management is a vital component of success for any retail store. This method entails categorizing items in a store’s inventory into three or more categories based upon their importance to the business. This strategy also leads to enhanced sales forecasting and improved resource allocation.

Inventory Management 40

Inventory Management Inventory Turnover Point of Sale Accounting 40

Inside Retail

OCTOBER 17, 2021

Retailers around Australia are looking again to a brighter future. With New South Wales-based retailers opening their doors to shoppers and Victorian businesses set to follow, the Australian economy is being prised back open just in time for a busy holiday trading period. Local economy at the forefront.

Payment Services 279

Payment Services Consumer Fashion Shopping 279

Retail TouchPoints

OCTOBER 12, 2021

My days as a merchant are long over, yet I remain a retailer at heart. Having spent many moons in retail, with a short departure for my masters class in mobile adtech, it is exciting to be back among my brand colleagues crushing it in ecommerce. Reimagine the Retailer-Brand Relationship, Particularly Around Data.

Merchant Services 147

Merchant Services Net Profit Accounting Finance 147