Inside Retail

MAY 14, 2024

Demand for charity aid is rapidly increasing amid the ongoing cost-of-living crisis in Australia, but retailers have the power to offer a helping hand and simultaneously solve their costly $2.5 The cost of living crisis has seen demand for goods from our charity partners skyrocket. billion annual deadstock dilemma.

Wholesale 147

Wholesale Management Consumer Department Stores 147

Retail TouchPoints

NOVEMBER 17, 2023

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. Applying this practice, retailers can proactively troubleshoot stockouts and delays to ensure that customers’ orders can still be fulfilled to their satisfaction in a timely manner.

Customer Experience 260

Customer Experience Inventory Management Fulfillment Inventory Turnover 260

Retail TouchPoints

DECEMBER 18, 2023

BJ’s Wholesale Club is replacing its legacy order management system with Nextuple OMS Studio, which includes three “Tuples” — each an ordered set of microservices that the retailer can mix and match to create solutions for flexible fulfillment.

Fulfillment 256

Fulfillment Wholesale Shipping Management 256

Inside Retail

JULY 25, 2023

Trans-Tasman online retailer Kogan says its interim performance has been hit by ongoing market pressures along with softer trading. per cent while inventory levels reduced to $68.2 per cent while inventory levels reduced to $68.2 According to unaudited accounts for the half to June 30, gross sales reached $373.7 million down 22.5

Accounting 246

Accounting Marketing 246

Inside Retail

MARCH 27, 2024

Hong Kong-headquartered fashion retailer Esprit Holdings has reported an annual net loss of HK$2.339 billion ($460 million) following an “extremely difficult and distressing” year. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

Operating Expenses 262

Operating Expenses Wholesale Fashion Consumer 262

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 274

Store Operations Shipping Fulfillment Store Layout 274

Inside Retail

MARCH 27, 2024

Hong Kong-headquartered fashion retailer Esprit Holdings has reported an annual net loss of HK$2.339 billion (US$300 million) following an “extremely difficult and distressing” year. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

Operating Expenses 242

Operating Expenses Wholesale Fashion Consumer 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 298

Fulfillment Supply Chain Management Management Consumer 298

Retail TouchPoints

MARCH 31, 2022

Supply chain software provider ToolsGroup aims to help retailers plan and optimize sourcing and stock with the ToolsGroup Localized Assortment Planning and Allocation solution. Mi9 Retail Demand Management, which became part of ToolsGroup in November 2021, offers additional assortment planning and dynamic allocation capabilities.

Fulfillment 259

Fulfillment Planning Fashion Management 259

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 277

Returns Drop-Shipping Customer Experience Customer Retention 277

Inside Retail

SEPTEMBER 13, 2022

Australian retailers generally fared well over the last 18 months during the Covid-19 pandemic, despite temporary store closures as part of government-imposed lockdowns, although headwinds may be on the horizon. As stores are reopening, many retailers are experiencing manpower shortages. A look at consumer sentiment and spending .

Net Profit 278

Net Profit Payment Services Specialty Store Fast Fashion 278

Inside Retail

FEBRUARY 2, 2024

During Covid, retailers and brands placed more inventory online. The brand keeps most of the sale, while the retailer takes a small commission. And, of course, for the marketplace, it reduces the risk of carrying inventory that might not sell. Even some of the biggest names in fashion on the ASX dropship their inventory.

Fulfillment 246

Fulfillment Department Stores Wholesale Fast Fashion 246

Inside Retail

FEBRUARY 13, 2024

Revenue dipped 19 per cent in the consumer products segment due to business exits, category trends and inventory management. “As we navigated the current environment, we took aggressive steps to optimize our inventory, reset the cost structure, and sharpen our portfolio focus on play with the EOne film and TV divestiture.”

Inventory Management 244

Inventory Management Consumer Management 244

Inside Retail

MARCH 11, 2024

While Australia has its own unique retail ecosystem, the ripples of what happens in the US often hit our shores. This advertising onslaught from these ‘new economy’ players is set to become the latest wave of impact on established Australian retailers. That typically includes the ‘Super Bowl of advertising’: the actual Super Bowl.

Advertising 278

Advertising Marketing Consumer Returns 278

Inside Retail

AUGUST 29, 2023

Global plus-size fashion retailer City Chic says sales declined 15.8 A strategic review launched in May has resulted in “significant progress” towards streamlining operations and driving down the company’s cost base. per cent in the June financial year driven by soft consumer demand in all markets.

Consumer 246

Consumer Fashion Returns Marketing 246

Retail Wire

AUGUST 25, 2023

Kohl’s Corp reported better-than-expected quarterly profit, attributed to leaner inventories, reduced costs, and fewer discounts, which helped the department store chain navigate a broader retail slowdown. Kohl’s CEO, Tom Kingsbury, expressed confidence in the.

Department Stores 189

Department Stores 189

Retail TouchPoints

MARCH 22, 2023

The retailer reached net income of $48.2 The retailer also reduced its inventory to $682.9 This, as well as cost-cutting initiatives that included headcount reductions over the course of 2022, contributed to the retailer’s profitability. million compared to a net loss of $147.5 billion from $2.25

Shipping 263

Shipping Customer Experience Shopping ATS 263

Retail Focus

NOVEMBER 1, 2023

Phantom inventory is causing UK shoppers to experience out-of-stocks, with poor product availability negatively impacting sales and long-term customer loyalty, according to the latest data from Retail Insight , the leading provider of store operations execution software.

Grocer 147

Grocer Store Operations Supermarket Shopping 147

Retail TouchPoints

MAY 15, 2023

Amazon has been overhauling its logistics network to “regionalize” where inventory is located across the U.S. in an effort to reduce delivery costs while maintaining the fast shipping speeds the company is known for, multiple sources report and Amazon has confirmed. warehouse space in just two years.

Fulfillment 274

Fulfillment Inventory Management Shipping Location 274

Retail TouchPoints

JUNE 6, 2023

Recommerce, the online selling of previously owned items to buyers who reuse, recycle or resell them, is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030. Opportunity #1: Cost-efficient inventory management. Most people agree that recommerce is good for sustainability.

Merchant Services 273

Merchant Services Inventory Management Shipping Consumer 273

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

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

Retail TouchPoints

FEBRUARY 28, 2024

This same guided approach to building can be applied to data models, especially useful for achieving fast, low-risk and low-cost models suited for purpose in specific vertical industries like retail commerce. As with LEGO, specific industries like retail have seen a proliferation of useful prebuilt data models fit for purpose.

Inventory Turnover 242

Inventory Turnover Supply Chain Management Store Layout Marketing 242

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. “We million annually.

Planning 251

Planning Customer Retention Wholesale Location 251

Retail TouchPoints

NOVEMBER 28, 2022

Macy’s has converted space in 35 of its stores to serve as mini distribution centers (DCs) for online orders as the retailer anticipates a continuation of strong digital demand. We are looking at all of our ship-alone categories to get those closer to the customer, to increase speed of delivery and also mitigate shipping costs.”.

Fulfillment 263

Fulfillment Shipping Accounting ATS 263

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

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

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 261

Checkout Planning Customer Experience Management 261

Inside Retail

FEBRUARY 26, 2024

The retail headwinds just seem to keep coming. Retailers have endured narrowing margins and soaring rents and watched the cost of living eat into discretionary spending during a tumultuous 2023. For several retailers, it was too much. Inflation is also a persistent threat. per cent and 1.8 per cent during FY24.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

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

Inside Retail

MARCH 11, 2024

But it’s also a solution for retailers wanting to sell products through other retailers. Other retailers will come to marketplaces to help source your products, saving the time and effort of scrolling through individual websites. Save money Compared to driving traffic to your own website, customer acquisition costs are low.

Shipping 130

Shipping Department Stores Marketing Spend Fulfillment 130

Retail TouchPoints

SEPTEMBER 22, 2023

Retailers increasingly strike balances between direct-to-consumer ecommerce and omnichannel strategies to keep products in stores and in front of consumers. But there are greater opportunities for leading retailers to integrate their omnichannel experiences and create seamless ecommerce and in-store experiences. Retailers have options.

Shipping 262

Shipping Wholesale Fulfillment Consumer 262

Retail TouchPoints

SEPTEMBER 19, 2023

Oracle and Uber have announced the launch of Collect and Receive, a new offering within the Oracle Retail platform designed to enrich retailers’ last mile delivery experiences while reducing operational costs. Oracle Retail customers in the U.S. Oracle Retail customers in the U.S.

Returns 272

Returns Customer Experience Location Management 272

Retail TouchPoints

NOVEMBER 3, 2021

As it did with many other aspects of retail, COVID-19 gave a major boost to touchless technology applications — and enthusiasm for these solutions will continue even after the pandemic has waned, according to Greg Buzek, Founder and President of IHL Group. Retailers had wanted to do this before as a way to save on labor costs.”.

Payment Services 359

Payment Services Checkout Fulfillment Kiosk 359

Inside Retail

JULY 23, 2023

Cost of living pressures, supply chain issues, weak consumer confidence, interest rate hikes and reduced retail spending are all making retail a tough business to be in at the moment. Now is the time to reduce operational costs across your business so that you can navigate these economic headwinds and continue to drive profits.

Drop-Shipping 130

Drop-Shipping Shipping Advertising Supermarket 130

Inside Retail

AUGUST 27, 2023

Pureplay retailer Booktopia says a challenging economic climate coupled with the impacts of its transition to its new customer fulfilment centre (CFC) resulted in a loss of $29 million in FY23. Meanwhile, the group’s new CFC – which is operational now – is expected to improve efficiencies, reduce operational costs and support growth.

Fulfillment 235

Fulfillment Shipping Management Marketing 235

Wiser

DECEMBER 4, 2023

For brand manufacturers, retail monitoring is a critical aspect of maintaining and enhancing market presence. However, while the benefits of retail monitoring are indispensable, the challenge lies in managing multiple retail partners without escalating costs.

Inventory Management 146

Inventory Management Promotions Visual Merchandising Management 146

Retail TouchPoints

NOVEMBER 30, 2022

Amazon Web Services (AWS) has announced a preview of AWS Supply Chain, a new application designed to help businesses increase supply chain visibility to make faster, more informed decisions that can mitigate risks, lower costs and improve the customer experience. AWS Supply Chain is available in preview in U.S.

Supply Chain Management 271

Supply Chain Management Inventory Management Location Management 271