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Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Doesn’t that sound amazing?!
Last month, the department store reported its highest interim profit since 2014. Tread carefully because markdowns will bite hard if you misjudge stock weights. It worked for the House of Fraser in the UK when King was running the show over there during the GFC, and it looks to be working for Myer.
In fact, according to a recent Accenture study , 92% of the 50 North American retailers surveyed said they are either piloting RFID or have reached full adoption, up from 34% in 2014. The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best. RFID and Beyond.
Source: Bloomberg "[Forever 21] has lost much of the excitement and oomph which is critical to driving footfall and sales and is now something of an also-ran which is too easily overlooked," said Neil Saunders, the managing director of GlobalData Retail. An inability to leverage social media effectively. Large stores are inherently risky.
New York, NY (PRWEB) October 20, 2014. the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. Retalon helps us manage them more quickly and accurately than we ever could before.”
New York, NY (PRWEB) October 20, 2014. the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. Retalon helps us manage them more quickly and accurately than we ever could before.”
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