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. Theft, store associates mislabeling items and products getting damaged in a warehouse or store are three human examples that unfortunately impede profits. All these technology examples play a part in reducing shrink.

Loss Prevention 219

Loss Prevention Checkout Marketing ATS 219

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 234

Fulfillment Planning Fashion Management 234

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 224

Clienteling Fast Fashion Shipping Fashion 224

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

OCTOBER 3, 2023

It was time to fold the store fleet into the fulfillment network, dramatically increasingly both the network’s revenue generation potential and the sophistication required to do so effectively. In the end, though, the dramatic revenue lift and margin gains to be had were simply too powerful to ignore for anyone operating a store fleet.

Fulfillment 237

Fulfillment Drop-Shipping Markdowns Shipping 237

Inside Retail

FEBRUARY 2, 2024

During Covid, retailers and brands placed more inventory online. Why fashion loves dropshipping This is the digital version of department stores that decades ago moved to concessions taking a percentage of sales. Think of the high-end concessions seen in department stores like Myer and David Jones, except this is online.

Fulfillment 246

Fulfillment Department Stores Wholesale Fast Fashion 246

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. They want to be able to go into a physical store and purchase it – they want that choice.

Inventory Management 130

Inventory Management Management Fulfillment Promotions 130

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 279

Inventory Management Fulfillment Management ATS 279

Retail TouchPoints

SEPTEMBER 20, 2022

Walmart Canada is implementing an automated AI assist at all of its stores to help keep shelves stocked and enhance the customer and associate experience both in-store and online. The rollout follows a 70 -store pilot of a computer vision AI solution from Focal Systems that uses cameras to automate out-of-stock detection.

Location 292

Location Beauty and Health Inventory Management Customer Experience 292

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 245

Returns Customer Experience Location Management 245

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 209

Inventory Turnover Supply Chain Management Store Layout Marketing 209

Retail TouchPoints

SEPTEMBER 1, 2023

Although Placer.ai’s quarterly index for Q2 2023 found that store traffic for discount and dollar stores were up 4.7% billion, largely driven by positive sales contributions from new stores. billion, largely driven by positive sales contributions from new stores. The retailer also saw a staggering 24.2% million.

Markdowns 236

Markdowns Apparel Planning Consumer 236

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

Planning 290

Planning Shipping Returns Customer Retention 290

Retail TouchPoints

SEPTEMBER 22, 2023

Meanwhile, consumers return to brick-and-mortar stores and seek omnichannel experiences. Retailers increasingly strike balances between direct-to-consumer ecommerce and omnichannel strategies to keep products in stores and in front of consumers. Leading retailers recognize ecommerce and in-store retail are not rival strategies.

Shipping 243

Shipping Wholesale Fulfillment Consumer 243

Retail TouchPoints

APRIL 28, 2022

Reducing silos and increasing availability of a single, centralized view of all relevant data creates end-to-end visibility to understand the full environmental impact of business decisions across the value chain. Step 2: Demand-Based Inventory Distribution and Shorter Supply Chains.

Planning 244

Planning Drop-Shipping Supply Chain Management Returns 244

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. However, online channels usually have lower profitability margins compared with traditional brick and mortar stores.

Net Profit 278

Net Profit Payment Services Specialty Store Fast Fashion 278

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

OCTOBER 31, 2023

Price Chopper/Market 32 has expanded its partnership with fresh grocery platform Invafresh , which already helps the 131-store supermarket chain prevent 20 tons of food from being wasted each week. Supermarket retailer Weis Markets also began working with Invafresh in August 2022.

Supermarket 237

Supermarket Marketing Management Shopping 237

Retail TouchPoints

FEBRUARY 15, 2023

Google Cloud and Accenture are expanding their strategic partnership with a series of new initiatives to help retailers modernize their businesses and transform store operations. Current customer Albertsons Cos. and all of those have a data and analytics element, which is what we’re helping them figure out.”

Merchant Services 266

Merchant Services Markdowns Store Operations Planning 266

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

FEBRUARY 13, 2024

It’s hard to remember, but before the roads were filled with Amazon trucks delivering our packages in two days or less, we used to drive to the store to shop for what we needed. Brick-and-mortar stores teamed up with brands to determine the optimal placement and positioning of products to entice consumers and their wallets.

Consumer 274

Consumer Advertising Management Marketing 274

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.

Checkout 239

Checkout Planning Customer Experience Management 239

Retail TouchPoints

MARCH 8, 2023

After three years of supply chain logistics and shipping delays, retailers have too much inventory sitting on shelves, and consumer demand continues to be in flux as inflation maintains a strong grip on budgets everywhere. Zero in on incentives that don’t reduce margins. Offer bundles to boost order values.

Payment Services 233

Payment Services Finance Customer Experience Shipping 233

Retail TouchPoints

APRIL 27, 2023

Blue Yonder has introduced three SaaS-based Commerce microservices, with the goal of helping retailers navigate global supply chain disruptions, demand forecasting and omnichannel ordering habits. It focuses on planning and positioning secondary and tertiary assets.

Fulfillment 258

Fulfillment ATS Planning Consumer 258

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. And that’s where your Workforce Management systems come into play,” says Bretherton.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

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

Retail TouchPoints

APRIL 15, 2024

The apparel retailer is expanding its brick-and-mortar footprint with plans to open at least 14 new stores in 2024, bringing its store count to nearly 100. For example, NetSuite Advanced Inventory helped Untuckit optimize its buy online, ship from store system.

Wholesale 130

Wholesale Shipping Boutique Finance 130

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 7, 2023

Coldwater Creek has completed its purchase of Soft Surroundings , a women’s clothing and accessories retailer that filed for bankruptcy protection in September 2023. Newmine’s innovative solution enables our brands to proactively reduce returns leading to greater sales and profitability.”

Returns 247

Returns Finance Accessories Consumer 247

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. The news was announced on the company’s Q3 2022 earnings call Nov.

Fulfillment 247

Fulfillment Shipping Accounting ATS 247

Retail TouchPoints

MARCH 3, 2023

While the 2022 holiday season was an overall success , the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That pressure can be felt in the Q4 2022 results and fiscal 2023 outlooks released by a multitude of retailers this week. during Q4, but they were up 0.6%

Markdowns 271

Markdowns Operating Expenses Department Stores Planning 271

Retail TouchPoints

JULY 31, 2023

Inventory distortion, whether it’s out-of-stocks or overstocks, are a huge and costly challenge for retailers and suppliers, and too often a source of great inconvenience to consumers. A recent study by IHL Group projects that the global cost of inventory distortion in 2023 will be $1.77 billion ),” said the report.

Markdowns 219

Markdowns Shipping Fulfillment Consumer 219

Retail TouchPoints

FEBRUARY 21, 2023

In retail, the wow factor refers to the business’ ability to amaze customers and convert them into store or brand admirers. A recent study from Wharton’s Baker Retailing Center and The Verde Group found that retailers can increase shopper repurchase intent by nearly 60% by delivering a great experience.

Sporting Goods 231

Sporting Goods Payment Services Shrinkage Point of Sale 231

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 267

Fulfillment Supply Chain Management Management Consumer 267

Retail TouchPoints

AUGUST 8, 2022

The application is designed to deliver current store-level data, actionable analytics and shelf intelligence to help suppliers plan, forecast and optimize product assortment. Gaining better insight into product assortment will enable the retail giant to reduce the friction caused by out-of-stocks.

Planning 275

Planning Management 275

Retail TouchPoints

JUNE 15, 2022

The chatter of the store “being dead” is evolving from belief that the physical store is fading amid the shift to digital, to seeing that it’s the role of the store that is changing — and a vital one at that. Still, many retailers are opening fewer and often smaller stores with increasing expectations for top-notch experiences.

Payment Services 254

Payment Services Checkout Shrinkage Fast Fashion 254

Retail Focus

MAY 1, 2024

It changes how we communicate, work, and shop – often before setting foot inside a store! Online Stores and Marketplaces Gone are the days when you had to physically visit a store to buy what you need. Online stores and marketplaces have made it possible to shop from the comfort of your home.

Payment Services 130

Payment Services Shopping Inventory Management Checkout 130