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Store Management Costs in the Era of Ecommerce

Retail TouchPoints

The impact of this increasing growth is the resulting strain on incumbent infrastructure that was originally designed to manage only about 5% of a retailer’s total sales capacity; the steady rise in costs from stretching this capacity have shown home delivery, buy online, pick up in-store (BOPIS) and curbside fulfilment to be highly unprofitable.

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People are Talking About RFID Again…Here’s Why

Retail TouchPoints

You’ll likely recall the famous Walmart RFID mandate, announced in 2003 with an effective date of January of 2005. Most large enterprises were already running warehouse management systems that delivered inventory accuracy in excess of 99% (in comparison to stores, which typically ranged between 65%-85%). Let’s start with the costs.

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How Brands Large and Small are Leaning into the Amazon Effect to Compete

Retail TouchPoints

A business model that was only possible with their unparalleled investment in the systems and shipping, fulfillment and supply chain infrastructure to support it. Since Amazon Prime’s inception 15 years ago, Amazon has only increased the annual membership cost three times — rising from $79 per year in 2005 to $119 in 2018.

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Sensing, Not Seeing, with Vision AI as Retail’s Crystal Ball for the Future

Retail TouchPoints

As a result, they are organizing the back-of-house environment in an efficient way that allows them to fulfill orders efficiently and accurately. This ensures that like items are not stored randomly across a warehouse and allows retailers to accurately manage inventory. Vision AI is supporting the retail industry in this way, too.

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First Quarter Feedback for Grocery Retail: Insights from the Start of 2021

Retail TouchPoints

But not every brick-and-mortar grocery store is destined to become a micro-fulfillment center. Bill Beyea is Senior Manager, Promotion Intelligence Advisory Services for Inmar Intelligence. That number has since more than doubled, with 17% of recently surveyed shoppers reporting they are “online-only” grocery shoppers.

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How Vintage Wine Estates is Uncorking New Opportunities in Alcohol Ecommerce

Retail TouchPoints

“The wine industry is a very old-school business, and it’s a distributor-driven business because of the 21st Amendment, which basically gave all the power to the states to regulate and manage alcohol sales,” explained Jessica Kogan, Chief Growth and Experience Officer at Vintage Wine Estates in an interview with Retail TouchPoints.

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How Advanced Search Helped FastGrowingTrees.com Reach New Heights

Retail TouchPoints

What started in 2005 in the backyard of founder Marc Zboch with that single (albeit highly marketable) product has now expanded into a multi-million-dollar ecommerce business with more than 2,900 SKUs. The Challenge of Selling Trees Online: Logistics and Awareness. Leveraging Search Queries to Enhance Merchandising.

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