Retail TouchPoints

NOVEMBER 10, 2023

For several years now the term “retail media” has been buzzing around both retail and media circles. Whether you’re looking for a deeper understanding of the implications and applications of retail media or need a down-and-dirty explainer on what retail media actually is, you’ve landed in the right place.

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Advertising Marketing Social Commerce Consumer 284

Inside Retail

FEBRUARY 28, 2022

As we look back at the past couple of years for clues about what the future holds for supply chains, we see similar issues have become apparent across e-commerce and international logistics. This has resulted in a convergence of the challenges for retail and global logistics. Understanding true channel cost and SKU profitability.

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Retail TouchPoints

JUNE 27, 2023

“The debate is over — retail media is now almost universally recognized as one of the most effective methods of commerce marketing,” declared The Mars Agency in its third annual Retail Media Report Card. If retail media is indeed past the initial phase of proving its worth, then the logical next question is: Where does it go from here?

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Retail TouchPoints

JULY 2, 2020

And for retailers, that’s a lot of competition. Retailers that can provide a satisfying shopping experience have a strong advantage, but consumers are a demanding bunch. With such high standards set, other retailers must now keep up. For consumers, that’s a lot of power. Think Small. Embrace Partnerships. Adopt Automation.

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Retail TouchPoints

JUNE 17, 2021

As Accenture notes , the retail industry is quickly reaching the peak of the AI hype curve, as 86% of retailers are experimenting with it to forge new paths to growth. We are now seeing the boldest of retailers tackle a new frontier when it comes to AI adoption: data-scarce demand forecasting.

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Inside Retail

APRIL 11, 2023

Over the past decade the retail industry has been undergoing a massive transformation, with retailers and logistics companies finding new and innovative ways to integrate technology into their business models. But what you have now is web-enabled 2D barcodes, which is what we’re referring to as the new generation of barcodes.”

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Rangeme

JANUARY 19, 2023

One of the most persistent trends of the last 30 years of CPG marketing has been SKU (Stock-Keeping Unit) proliferation – the addition of more products and a variety of products based on changes to the market, such as adding several new flavors of a top-selling beverage. The store carried 400 SKUs in the category.

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Retail TouchPoints

JUNE 9, 2021

According to Coresight Research ’s Inside the World of Amazon’s Private Label Offering report, Amazon now has over 22,617 products from 111 private label brands across nearly every category — three times the number of brands they had in 2018. What is Amazon’s Private Label Strategy? How Did Amazon Launch so Many Brands so Fast?

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Consumer Fashion Promotions Advertising 306

Inside Retail

JUNE 23, 2022

What it is. The different pick and pack methods, and what your business should keep an eye on when it comes to deciding factors. A critical and often challenging step in the order fulfilment process is pack and pack. Many e-commerce businesses depend on third-party providers to handle pick and pack. Why it’s important. The challenges.

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Inside Retail

APRIL 9, 2022

To ensure you dominate the first quarter of retail trading, we give our tips on what to look for when analysing sale performance, taking further discounts and adding new lines to sale. . Your markdown SKUs are live, but how are they tracking? I like to think of retail analysis as a better way to understand your customer.

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Inside Retail

JULY 21, 2022

From dealing with inflation and managing staff shortages to increasing consumer expectations and continuing global supply chain crisis, these are uncertain times for many retailers. Here are five great tips for retailers that can help your business on its way to profitability from both the revenue and cost sides of the business.

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Inside Retail

MARCH 7, 2023

he past two years brought an unprecedented boom in M&A activity across the retail sector. Many retailers not only enjoyed record profit margins, many of those that sold their business achieved extraordinary outcomes. So how do you get your retail business ready for a transaction? Your preferred timing.

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Retail TouchPoints

MARCH 29, 2022

This is largely because shoppers remain reliant on retailers to buy products, and these same retailers benefit from the historical context of the customer journey over a lifetime. Use Retail Media to Your Advantage. Retail media has taken the global industry by storm, and for a good reason. Think Beyond First-Party Data.

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Advertising Marketing Consumer Customer Experience 216

Retail Smart Guys

OCTOBER 7, 2023

It’s also important to assign unique identifiers (like SKU numbers), and determine what values go into each field, such as size, color, season, etc. Embrace Just-in-Time (JIT) Inventory JIT inventory minimizes excess stock by ordering only what you need when you need it. Consistency is key to maintaining accurate records.

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Inventory Management Inventory Turnover Management ATS 97

Retail TouchPoints

JULY 20, 2022

While consumer expectations have continuously shaped retailers’ strategies, tech choices and best practices, COVID-19 accelerated this rate of change. Where does that leave retailers today, especially as they develop their holiday plans and finalize their budgets for 2023? The result? Loyalty programs.

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Retail TouchPoints

SEPTEMBER 27, 2021

That’s what allows us to be disruptive in the marketplace,” he said in an interview with Retail TouchPoints. That’s what allows us to be disruptive in the marketplace,” he said in an interview with Retail TouchPoints. 20 years ago, brands needed guys like me to get them into retail,” said Masciantonio.

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Retail TouchPoints

AUGUST 19, 2020

It would seem that scales have long been tipped in favor of the retail giants — those with massive footprints, established brands, warehouses chock-full of supply to meet global consumer demand and the resources to offer a wide array of products. So what are the best weapons in this fight?

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Merchant Services Payment Services Finance Consumer 242

Wiser

APRIL 23, 2019

What’s wrong is called phantom inventory. . What is Phantom Inventory? . It is what happens when perpetual inventory—the number of items in the front and back of the store—is greater than on-shelf availability. . You can’t fix what you don’t know is even a problem. How Phantom Inventory Hurts Retailers .

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Retail TouchPoints

JULY 16, 2020

Retail businesses, warehouses and distribution centers around the world are facing new challenges as the business environment has shifted in the wake of recent global events. The challenge of omnichannel and fulfilling across retail, web and warehouse sites has historically been out of the reach of most retailers.

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Wiser

FEBRUARY 22, 2021

What if there was a way that you could make your pricing strategy achieve all these lofty goals? Let’s start with a high-level overview of what you can do to create the ideal pricing strategy for your business. You want your customers to like it and you want it to work well for your business model. Price Dynamically.

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Inside Retail

APRIL 4, 2023

He also shares what he has learned from his father, entrepreneur Larry Kestelman , about simplifying complex issues. He also shares what he has learned from his father, entrepreneur Larry Kestelman , about simplifying complex issues. Inside Retail : Can you tell me about the idea behind Hommey? Where do I go?’

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Advertising Marketing Management ATS 130

Store Growers

MARCH 27, 2023

Last Updated on March 28, 2023 In online commerce, products have references consisting of a series of numbers (or other types of code) known as unique product identifiers or (UPIs). In this article, we’ll cover the basics of Manufacturer Part Number (or MPN) as a product identifier. What Is a Manufacturer Part Number?

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Merchant Services Advertising Shopping Checkout 36

I Vend

NOVEMBER 6, 2022

Retailers can expect what the Washington Post calls a ‘revenge’ Christmas , with shoppers getting out and buying, just because they can. They’ll be doing more socialising, more gift giving and entertaining, boosting a range of retail sectors including fashion and accessories, home décor, gifts, food, wine and spirits.

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Wiser

JULY 23, 2019

With that pric ing intelligence comes plenty of ways to slice and dice it, making it a flexible and customizable data set for brands and retailers. . We asked several brands and retailers their thoughts on the subject: Keep reading to learn their seven simple ways to use price intelligence, intelligently. .

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Wiser

MARCH 24, 2020

Across nearly every retail vertical, companies are faced with pressure from regulators and consumers to provide more visibility into their supply chains. What is Product Serialization? While it’s often discussed in terms of serial numbers, serialization doesn’t necessarily need to follow a strict numerical pattern.

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Wiser

FEBRUARY 18, 2020

A physical presence is a must-have for many brands and retailers. The good news is that high-quality brick-and-mortar retail data can identify areas where you’re winning and losing. So then, backed with brick-and-mortar data, what more can you do? Check out these five use cases for brick-and-mortar retail data.

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RETAIL MANAGEMENT SOFTWARE

NOVEMBER 27, 2019

In 2019, even jewelry retailing has been touched by omni-channel retailing. What that means is, as a jeweler, you can’t rest on your brick-and-mortar laurels. For that reason, ChainDrive recommends these five omni-channel best practices for jewelry retailers.

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Jewelry Point of Sale Management Planning 57

Wiser

APRIL 9, 2018

Regardless of the name, not having the proper amount of inventory is detrimental for both brands and retailers. So, what can be done to reduce out-of-stock rates without incurring penalties or adding unnecessary costs? . This is a guest post by Chad Rucker , Sales Director at Wiser. . Out-of-stocks. Backorders.

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VMS

SEPTEMBER 3, 2021

To date, the commercial application of e-paper is found mostly in what is called electronic shelf labels, or ESL. ESL at Retail Today. Indeed, retail might be the most fertile environment ESL technology has seen to date. What’s in a Name? And it’s so easy on the eyes, even in bright light. Now we’re talking.

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Wiser

MARCH 30, 2021

Instead, understand the value of this type of insights and analysis and use this information to create strong, effective retail strategies that best serve your customers. Here’s what you need to know about market intelligence, and how you can use it to help improve your retail operations. What Is Market Intelligence?

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Marketing Promotions Retail Marketing ATS 78

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 27, 2019

In 2019, even jewelry retailing has been touched by omni-channel retailing. What that means is, as a jeweler, you can’t rest on your brick-and-mortar laurels. For that reason, ChainDrive recommends these five omni-channel best practices for jewelry retailers.

Jewelry 40

Jewelry Point of Sale Management Planning 40

Retalon

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand. But this is easier said than done.

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Wiser

AUGUST 13, 2019

The goal of any brick-and-mortar retailer is to sell. What is a market basket? A small market basket size is one item—what counts as a large basket is up to you. A small market basket size is one item—what counts as a large basket is up to you. Here is what you can do today: 1. Reduce Out-of-Stocks.

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Retalon

JANUARY 5, 2021

And this is exactly what happened to many retailers within the last year. So it’s no surprise that retailers are beginning to take a serious look at their mid-season inventory balancing practices. What is inventory balancing? Why is unbalanced inventory such a big problem for retailers?

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Retalon

SEPTEMBER 1, 2023

A shorter holiday season coupled with the current economic downshift means retailers, like you, must maximize holiday sales with the time you have. Actually, the luxury category is quite resilient, growing more than 13% in 2022, compared with only about 6% growth for retail overall in the US. weeks in 2018 to an anticipated 5.8

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Retalon

FEBRUARY 24, 2022

Inventory makes or breaks retailers. What is open to buy? Open to buy definition : a financial budget for retail merchandise planners. What is the open to buy formula? The open to buy formula looks like this: The inventory numbers should include store stock, distribution center inventory, and anything in transit.

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Markdowns Inventory Turnover Accounting Planning 41

Retalon

MAY 11, 2021

What are retail dashboards? Retail dashboards display the state of a retailer’s business in a visual, at-a-glance format designed to help retailers track and improve key elements of retail performance. Here are five commonly-used retail dashboards examples: Store performance dashboards.

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