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Stater Bros. Deploys AI Produce Ordering to Improve Inventory Management, Reduce Food Waste

Retail TouchPoints

. “With Afresh, our produce managers have a tool that can assist them in placing orders that reduce waste and increase shelf life,” said Bertha Luna, SVP of Retail Operations at Stater Bros. Markets in a statement. “The result is fresher produce at affordable prices, which translates into happier and more loyal customers.”

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New Activist Investor Pushes Macy’s to ‘Look to Dillard’s’ for Better Path Forward

Retail TouchPoints

In 2017, Dillards faced similar activist pressure based on undercapitalization of its real estate assets). The most recent included a six -month-long long tussle with a group of investors led by Arkhouse Management which offered to buy out the company and take it private that Macys board rejected earlier this year.

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Productsup Raises $70M to Help Online Sellers Manage Their Omnichannel Presence

Retail TouchPoints

Channel management platform Productsup has raised more than $70 million in Series B funding to advance its product development and M&A activity as it continues to expand globally. Nordwind Capital, which initially invested in the company in 2017, will retain its majority stake after the transaction. .

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Coles beefs up provision for historical underpayment of management

Inside Retail

Coles says it has provisioned a further $25 million to cover possible underpayments to the salaried management staff of its retail businesses as it continues an internal probe into its payroll. In late 2021, the Fair Work Ombudsman said it believed Coles had underpaid thousands of salaried employees by $115 million since 2017.

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

Retail TouchPoints

Flawless execution of fulfillment operations is the baseline for competing in the marketplace, and traditional warehouse management systems (WMS) can’t keep up. That’s where a modern fulfillment management system (FMS) steps in to meet both internal and external needs. Does keeping up with seasonal fluctuations stress your operations?

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Amazon is set to take off in Australia this year, get ready

Inside Retail

Amazon, the $2 trillion gorilla, arrived on our shores officially in December 2017, just in time for Christmas. And some seven years on, much to the dismay of retailers, it is now starting to shake the tree and become a real force in the market , as Australian shoppers increasingly turn to alternatives to manage the cost-of-living crisis.

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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

Nordstrom CFO Anne Bramman will step down from the role she has filled since 2017 on Dec. As a result of Anne’s guidance through the pandemic, Nordstrom has the financial strength and flexibility to successfully manage through a changing environment,” said Erik Nordstrom, CEO of Nordstrom in a statement.

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