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Customer returns: Five fundamentals to recoup revenue

365 Retail

of global sales in 2017, to 21% in 2022. But with great gains come great returns. Significant revenue gets lost when mass quantities of orders are returned, leaving retailers with a ton of inventory that is then discounted, liquidated, or even thrown out. Optimise Your Returns Validation with Data. In a store?

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Headless Solution Provider fabric Valued at $1.5B after Latest Funding Round

Retail TouchPoints

Founded by ex- Amazon and Staples executives in 2017, the company now counts among its 50+ clients Chico’s FAS , GNC , McDonald’s , Black Rifle Coffee Company and Cadre Style. Headless is widely seen as a more agile ecommerce foundation, allowing businesses to respond quickly to changing consumer demand and technological innovations.

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How Build-A-Bear’s Pandemic Shift Created Long-Term Omnichannel Opportunity

Retail TouchPoints

After successfully implementing ship-from-store services, Build-a-Bear and Deck Commerce introduced buy online, pickup in-store (BOPIS) and buy online, return in-store (BORIS) services. The retailer also rolled out single-click capabilities for shipping labels, which made the returns process faster and easier for online shoppers.

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Is it Time to Upgrade Your WMS to a Fulfillment Management System?

Retail TouchPoints

Additionally, an FMS stands out with advanced technology utilization, including AI, machine learning, automation, optimizing picking routes, inventory management and predictive analytics beyond traditional WMS capabilities. Cloud-native FMS provide sustainable and continuous value, fostering business growth.

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5 Things to Know About Amazon’s New ‘Style’ Clothing Stores

Retail TouchPoints

Other tech integrations that will enable a “seamless and elevated shopping experience” include new inventory management systems , new technology to support customer service and the Amazon One palm recognition payment system for fast checkout. There will be humans working the store too.

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FTI says online retail sales to hit $1.2 Trillion

Mass Relators

is in a maturing phase as it returns to pre-pandemic normalcy, but it continues to capture market share, primarily from store-based retailers,” said J.D. Wichser , a Senior Managing Director and Leader of the Retail & Consumer Products practice at FTI Consulting. E-commerce in the U.S. The report predicts that total U.S.

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5 innovative fashion tech brands you should know

Inside Retail

Los Angeles-based fashion technology startup DressX has created a digital clothing marketplace that superimposes fashion onto a photo and returns the file to you within a day. It was 2017 when I first came across Bolt Threads during SXSW in Austin, Texas. Farfetch epitomises the future of retail.

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