Inside Retail

AUGUST 29, 2023

Global plus-size fashion retailer City Chic says sales declined 15.8 The company reported an operating loss of $45 million and an underlying loss of $24 million. In the first eight weeks to August 27, the retailer has continued to clear winter inventory in Australia and New Zealand and its summer inventory in the US.

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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.

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Department Stores 189

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.

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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.

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Inside Retail

FEBRUARY 25, 2024

The 2024 Australian Retail Outlook is out now. To give you a glimpse of what you can expect from this year’s report, we are sharing selected articles over the coming weeks. Be sure to download the 2024 Australian Retail Outlook to discover more.

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Inside Retail

JULY 11, 2023

In this year’s global edition of the Omnichannel Leadership Report from NewStore – a retail survey that audits around 275 brands across several key international markets – Australia has emerged as a frontrunner in providing consumers with outstanding omnichannel experiences.

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Retail Times

JANUARY 17, 2022

SML, an end-to-end RFID specialist for brands around the globe, has announced today that it has released part two of its State of Retail Insight Report: Better Serving Customers Through Technology, finding that 43% of retailers believe enhanced stock level visibility would help them better serve customers and increase the overall customer experience. (..)

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Customer Experience 97

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. Retail sales increased by 1.3

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Retail TouchPoints

NOVEMBER 10, 2023

The luxury house consisting of Coach , Kate Spade and Stuart Weitzman reported revenue of more than $1.5 Ending inventory also decreased year-over-year, from $1.14 Tapestry reported that despite economic headwinds in the U.S., Federal Trade Commission’s second request received on November 3, 2023,” the company reported.

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Inventory Management Finance Consumer Fashion 214

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. And the $230,000 figure reported can be the difference between growth and failure for many of those SMEs who are currently barely hanging on.

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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.

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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.

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Retail TouchPoints

MARCH 11, 2024

Krans, who will report to Chief Customer and Digital Officer Max Magni, joins Macy’s following his most recent role leading the fashion team at Walmart ’s media division, Walmart Connect. He takes the reins of our growing retail media network, bringing with him more than two decades of sales and marketing experience.” Macy’s, Inc.

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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.

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Retail Wire

AUGUST 24, 2023

Abercrombie & Fitch has raised its annual sales forecast after reporting strong second-quarter results that surpassed estimates. The retailer’s tight inventory control and ability to chase demand without relying heavily on promotions.

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Apparel Promotions 189

Retail Wire

SEPTEMBER 16, 2022

The Mexican company reported double-digit sales growth in the second quarter, which it attributed to its inventory management expertise, solid merchandising and higher prices. Liverpool said it took the stake in Nordstrom because it saw the retailer as “an attractive opportunity to diversify assets geographically.”

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Department Stores Inventory Management Management 246

Inside Retail

MARCH 25, 2024

In an era of fierce competition to attract consumers’ tightening budgets, customer experience has become the key edge retailers can deploy to stand above the competition. In this day and age, that is pretty much every Australian retailer. In this day and age, that is pretty much every Australian retailer.

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Inside Retail

JUNE 21, 2023

Outgoing CEO of The Iconic Erica Berchtold will no longer take over as chief executive of Best & Less Group in September, as the struggling discount apparel retailer had previously announced. Itaoui has more than two decades of retail experience leading brands such as Sanity Music, Bras N Things and Honey Birdette.

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Retail TouchPoints

MAY 9, 2023

Retailers embracing Generative AI can stay ahead of the curve and compete in this ever-changing competitive landscape — enabling them to lead with a customer-first approach while operating with more efficiency. Square’s Future of Commerce report noted that 91% of U.S. Square’s Future of Commerce report noted that 91% of U.S.

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Retail TouchPoints

OCTOBER 19, 2023

The retailer, which filed for bankruptcy in April 2023, was purchased by CION Investment Corp. The promoted executives include: Bob Walker, who joined David’s Bridal in 2019 as Chief Retail Officer, has been promoted to COO. She will report to Marcum and brings more than two decades of marketing and ecommerce experience.

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Inventory Management Promotions Finance Store Operations 210

Retail TouchPoints

SEPTEMBER 1, 2023

year over year, Dollar General CEO Jeff Owen revealed that the company was “not satisfied” with overall financial results for its Q2, which ended August 3, 2023. Dollar General reported a net sales increase of 3.9% Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell.

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Retail TouchPoints

JANUARY 9, 2024

One of the many platforms that brands have embraced over the last few years to make the most of their advertising budgets is Retail Media Networks (RMN). Retailers have begun leveraging their substantial customer purchase data to inform advertiser’s media strategies. This way buyers can choose what media channels perform best.

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Advertising Inventory Management Management Consumer 268

Retail TouchPoints

MARCH 11, 2021

The dramatic increase in ecommerce volume triggered by the pandemic increased many retailers’ topline revenues, but many are finding it difficult to contain the costs of new types of order fulfillment such as BOPIS, ship-from-store and curbside pickup, according to a report from Incisiv , commissioned by Manhattan Associates Inc.

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Inside Retail

MARCH 12, 2024

Square is revolutionising the way small and medium-sized retailers can manage inventory and payments through a combination of next-generation hardware and custom-built software. All of the retailer’s sales are automatically tracked in one place allowing inventory across all channels to be updated the instant a sale occurs.

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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. The robots will be able to capture data as they move through their respective store and deliver actionable reports to club managers.

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Inventory Management Management Location Shopping 247

Retail Bound

APRIL 13, 2024

Welcome back, retail enthusiasts! One of the topics that consistently comes up in the retail world is the logistics of shipping. From the manufacturers to the distributors, to your retail store – there are many factors and unexpected costs to consider during the shipping process that can be often overlooked.

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Drop-Shipping Shipping Merchant Services Payment Services 98

Inside Retail

AUGUST 7, 2023

In a trading update issued today based on unaudited accounts, the company said it expects to report a 12.5 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. per cent increase in sales to $3.4

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Inside Retail

SEPTEMBER 23, 2021

Sydney alone will need to increase its overall logistics footprint by at least 720,000 sqm over the next four years in order to keep up with the rising relevance of online shopping, according to a new report from property firm CBRE.

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Inside Retail

FEBRUARY 20, 2023

According to CEO Anthony Heraghty, Super Retail Group has plenty of reasons to be positive about its performance for the year ahead. The group reported no drawn bank debt, and $212 million cash on hand. However, Super Retail Group now faces challenging economic conditions, and a likely slowdown in customer spending.

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Retail TouchPoints

OCTOBER 31, 2023

By integrating in-store production data with the solution provider’s Fresh Retail Platform, Invafresh helps Price Chopper/Market 32 forecast more intelligently and accurately as well as manage replenishment, production and inventory. Supermarket retailer Weis Markets also began working with Invafresh in August 2022.

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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. Until someone invents a Star Trek -style replicator (“Tea.

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Inside Retail

NOVEMBER 22, 2022

Discount fashion retailer Best & Less Group (BLG) has reported a “slow start” to its summer trading although expects a “strong finish” to the first-half in terms of profitability. In August, the business reported its full-year revenue fell 6.2 Sales are up 22.8 per cent overall with store sales down 2.3 Sales are up 22.8

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Retail TouchPoints

SEPTEMBER 13, 2022

‘s retail media advertising business, Kroger Precision Marketing (KPM) , has teamed up with sell-side advertising platform Magnite to expand its media offerings into the realm of connected and online TV. We’re excited to be working with Magnite to provide brands with a centralized access point to video and CTV inventory.

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Retail TouchPoints

MARCH 3, 2023

Nordstrom will shutter its six full-line department stores and seven Nordstrom Rack stores in Canada, along with its Canadian website , in a move that is expected to save the retailer $35 million in EBIT in fiscal 2023 compared to fiscal 2022. The announcement came as Nordstrom reported its Q4 2022 and FY 2022 results.

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Department Stores Customer Experience Planning Store Operations 257

Retail TouchPoints

AUGUST 17, 2022

The growth spike exposed multiple inefficiencies in the company’s management of its sales and inventory data. Rebel Green had to rely on its small staff — none of whom are analysts by trade — to spend their time tracking inventory and sales rather than selling product.

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Retail TouchPoints

MARCH 22, 2023

Gamestop reported its first quarterly profit in two years for Q4 2022, which ended Jan. The retailer reached net income of $48.2 The retailer also reduced its inventory to $682.9 million compared to a net loss of $147.5 million in Q4 2021 despite sales falling slightly to $2.23 billion from $2.25

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Retail TouchPoints

DECEMBER 8, 2023

While this would be an ambitious growth plan for any retailer, it actually represents a “modest slowdown” compared to the number of real estate projects Dollar General has undertaken in recent years, according to a statement by CEO Todd Vasos. The discount retailer reported net sales of $9.7 billion in Q3, which ended on Nov.

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