Inside Retail

MARCH 22, 2023

Australian manufacturers are dangerously overstocked, carrying an average $231,700 in additional products or ingredients, according to research from inventory management software provider Unleashed. Comparing, say, beverages and construction, you’re often looking at very different inventory models.

Inventory Management 264

Inventory Management Accounting Management Marketing 264

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

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 306

Advertising Management Promotions Shopping 306

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 289

Inventory Management Fulfillment Management ATS 289

Retail TouchPoints

AUGUST 31, 2023

As privacy regulations ramp up, brands and retailers are looking for ways to personalize marketing efforts without relying on cookies — and brick-and-mortar retailers are always looking for effective ways to entice people to visit their stores.

Consumer 275

Consumer Advertising Marketing Planning 275

Retail Wire

AUGUST 24, 2023

The retailer’s tight inventory control and ability to chase demand without relying heavily on promotions. The company’s new clothing styles, including dressy apparel, knitwear, cargo pants, and denim silhouettes, attracted shoppers to both its Abercrombie and Hollister labels.

Apparel 189

Apparel Promotions 189

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 255

Supply Chain Management Fast Fashion Apparel Shipping 255

Inside Retail

NOVEMBER 23, 2023

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The post Oroton trebles profit after rigorous cost-control measures appeared first on Inside Retail Australia. The company booked a net profit of $8.2 Online sales grew 3.4

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

Retail TouchPoints

SEPTEMBER 14, 2023

Like many retailers, Pacsun is focusing on efficiency — and that means getting products to customers as quickly and easily as possible. The youth fashion and lifestyle brand is tapping Cart.com ’s logistics expertise and order and inventory management capabilities to support all its U.S. fulfillment operations.

Fulfillment 247

Fulfillment Clienteling Inventory Management Point of Sale 247

Retail TouchPoints

APRIL 27, 2023

Additionally, Certified by Brand partners will gain access to consumer insights from Ebay’s global network of buyers and will be able to influence pricing of their brand inventory within the secondary market.

Jewelry 262

Jewelry Marketing Location Planning 262

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 293

Fulfillment Supply Chain Management Management Consumer 293

Retail TouchPoints

OCTOBER 14, 2022

Established retailers exploring how a marketplace model would best fit into their business strategy have a common question — what’s the difference between dropship and marketplace fulfillment that utilizes third-party sellers, and how can it benefit their business? The answer is, quite a lot.

Fulfillment 277

Fulfillment Management Accounting Retailing Pricing 277

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 310

Supply Chain Management Inventory Management Shipping Management 310

Inside Retail

JANUARY 11, 2024

Luxury online retail platforms are no longer considered a revolutionary concept as successful high-end e-commerce sites have just as much recognition as labels. Third-party online retailers have proven that consumers prioritise the acquisition of the product over the in-store purchase experience.

Wholesale 130

Wholesale Drop-Shipping Fashion Customer Experience 130

Inside Retail

APRIL 26, 2024

With this momentum continuing into this year, it’s the perfect time for retailers to reexamine their strategies and restructure with growth and scale in mind. Four key trends stand out as high-growth opportunities for online retailers. Machine-learning algorithms make this possible for retailers of all shapes and sizes.

Customer Retention 277

Customer Retention Fulfillment Social Commerce Supply Chain Management 277

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail TouchPoints

JUNE 9, 2023

Luxury retail brands are making sustainability a priority more than ever before. As luxury retail continues to move with the times, increasing sustainability is sure to become an even bigger part of their strategies for success going forward. Sustainability can be highly data-driven.

Clienteling 242

Clienteling Fast Fashion Shipping Fashion 242

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 196

Outdoor Markdowns Apparel Fulfillment 196

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. Low Start-up Costs With dropshipping, there is no need to invest in inventory upfront. This significantly lowers the barrier to entry compared to traditional retail models.

Shipping 130

Shipping Consumer Management Returns 130

Retail TouchPoints

OCTOBER 1, 2021

Retailers are facing both a major opportunity and a major challenge in the coming months: shoppers are primed to spend big during the holidays, but labor and product shortages may make it difficult to fully take advantage of this opportunity. Know Your Supply Chain to Control Your Supply Chain.

Shipping 201

Shipping Payment Services Inventory Management Fulfillment 201

Retail TouchPoints

JUNE 21, 2023

For as long as shrink has been an issue in retail, it’s primarily been tied to human mistakes or crime. These reasons are why retailers consistently turn to technology for help. Retailers are also testing autonomous delivery vehicles on the roads and drones in the air to avoid wrongly delivered items. billion in 2020.

Loss Prevention 245

Loss Prevention Checkout Marketing ATS 245

Inside Retail

DECEMBER 8, 2021

Global fashion retailer Kookai has cut inventory counts from a few days to 30 minutes as a result of implementing radio frequency identification (RFID), from Avery Dennison at its manufacturing facilities in Fiji and Sri Lanka. Kookai is looking to implement RFID at every stage of its production, supply chain and retail experience.

Loss Prevention 246

Loss Prevention Point of Sale Fulfillment Management 246

Retail TouchPoints

JANUARY 9, 2024

With no end in sight to the challenges battering the global supply chain, Shao spoke with Retail TouchPoints about how companies, and small businesses in particular, can adapt and thrive in this volatile environment. Retail TouchPoints: The supply chain has been a huge topic of conversation since the pandemic struck.

Merchant Services 262

Merchant Services Shipping Fulfillment Inventory Management 262

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 294

Fulfillment Returns Shipping Promotions 294

Shopify

JULY 21, 2023

A complete guide to inventory control in retail. Learn what inventory control is, why it’s important, methods, challenges, and best practices. Start here ››

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Inside Retail

NOVEMBER 6, 2023

In an era when customers are demanding more personalised interaction and service from retail staff, there is no longer any room for inefficiencies in in-store execution. Zebra Workcloud offers solutions to help retail workforces run smarter and more efficiently – and ensure employees are inspired, satisfied and committed. “We

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail TouchPoints

JULY 14, 2023

Offering a More Interactive Experience with AI-Driven Plug-ins ChatGPT plug-ins can also offer much more than the simple search function that many retail websites house and that customers often rely on to find their desired item. This helps minimize stockouts or overstocks during peak seasons.

Fulfillment 225

Fulfillment Dead-Stock Customer Experience Inventory Management 225

Inside Retail

NOVEMBER 9, 2023

Wholesale revenue decreased slightly by 1 per cent to $940 million but underlined the caution around retailers not over-committing to inventory even as the holiday season starts to ramp up, Saunders said. The post Under Armour continues to struggle although decline softens appeared first on Inside Retail Australia.

Apparel 264

Apparel Wholesale Accessories Consumer 264

Retail TouchPoints

AUGUST 16, 2021

Returns provide brands and retailers the opportunity to delight their customers. But not all brands and retailers are seizing this opportunity. According to the National Retail Federation (NRF), the U.S. This was rendered possible as retailers and brands offered low-cost shipping, unlimited holding periods and easy returns.

Returns 336

Returns Drop-Shipping Consumer Apparel 336

Retail TouchPoints

JUNE 10, 2022

When combined with our data-driven inventory management, we believe these efforts will reduce store workload and drive greater efficiencies for our retail associates and leaders.”. Efficiency and cost-savings are the name of the game for retailers these days, and many are also looking to self-checkout as one way to achieve both.

Checkout 285

Checkout Location Kiosk ATS 285

Retail TouchPoints

MARCH 26, 2021

The fundamental shift in retail toward blended digital commerce has created several hurdles for retailers still clinging to traditional blueprints. Thanks to modern warehouse and production management systems, retailers can now satisfy individual customer preferences. Store Fulfillment Technology for Flexible Fulfillment.

Customer Experience 312

Customer Experience Fulfillment Customer Retention Shipping 312

Retail TouchPoints

JANUARY 3, 2024

Long viewed as a necessary evil, the retail returns process is emerging as an unexpected avenue for growth and customer engagement. The Cost of Maintaining the Returns Status Quo The existing fragmented and outdated returns process carries significant costs for retailers, both in financial terms and in customer satisfaction.

Returns 275

Returns Drop-Shipping Customer Experience Customer Retention 275

Retail TouchPoints

SEPTEMBER 12, 2023

Shopping can be an emotional experience, and retailers hope that the emotions consumers feel are positive ones, like excitement at finding a bargain or satisfaction at filling a need. ” Fitting room technology gives customers control over the try-on experience.

Apparel 259

Apparel Customer Experience Checkout Shopping 259

Inside Retail

DECEMBER 19, 2023

Outdoor brands retailer KMD Brands has reported lower sales in the first four months of FY24 reflecting weaker consumer sentiment. per cent, respectively, as wholesale sales for both brands declined, with retailers reducing inventory in the short term. Sales fall 12.5 Rip Curl and Oboz’ sales tumbled 5.7 per cent and 18.2

Consumer 130

Consumer Outdoor Wholesale Accessories 130

Retail TouchPoints

JUNE 15, 2022

Still, many retailers are opening fewer and often smaller stores with increasing expectations for top-notch experiences. So how then do retailers balance the reduction of footprints with heightened CX? It also keeps employees happy with a more controlled flow of customers, reducing distractions during customer interactions.

Payment Services 263

Payment Services Checkout Shrinkage Fast Fashion 263

Retail TouchPoints

SEPTEMBER 16, 2022

stakes as of December 2021, while his sister Anne Gittinger controlled 9.7% However, like many retailers, it revised its outlook downward in the face of rising inflation — revenue growth for fiscal 2022 is now projected at 5% to 7% , down from 6% to 8%. Founder Bruce Nordstrom held a 15.9% of shares, according to data from Refitiv.

Inventory Management 246

Inventory Management Department Stores Returns Management 246