Retail TouchPoints

DECEMBER 5, 2022

million of liquidity available at the end of Q3 2022, including about $92 million of availability under asset-based credit lines, against nearly $1.8 million for Q3 2022, which ended Sept. The retailer had about $121.5 billion in debt. However, the retailer is still struggling on the sales side. Net sales were down 1.6%

Inventory Management 326

Inventory Management Shipping Management Marketing 326

Retail TouchPoints

FEBRUARY 6, 2023

Key areas of focus will include driving profitable consumer traffic, enhancing inventory management, further advancing digital growth and evolving the value delivery model. Keith Melker Melker’s most recent position was CEO of Wehner Multifamily, a Texas-based property management company.

Inventory Management 299

Inventory Management Management Consumer Customer Experience 299

Independent Retailer

AUGUST 1, 2022

Adobe expects the category to reach an annual figure of $85 billion in 2022. Consumers encountered 60 billion out-of-stock messages from online retailers between March 2020 and February 2022, according to Adobe. Common Inventory Management Headaches. Data Shaping the Future of Inventory Management.

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

Retail TouchPoints

JUNE 3, 2024

What a difference two years make: Dollar General was enthusiastic enough about self-checkout in June 2022 that it announced trialing 100% self-checkout at 200 stores. Dollar General also is focusing on reducing turnover among managers, in part with improvements to supply chain and merchandising functions.

Checkout 279

Checkout Payment Services Inventory Management ATS 279

Retail TouchPoints

SEPTEMBER 16, 2022

Nordstrom reported a 12% sales increase for the quarter ended July 30, 2022 as customers updated their wardrobes and returned to events. However, like many retailers, it revised its outlook downward in the face of rising inflation — revenue growth for fiscal 2022 is now projected at 5% to 7% , down from 6% to 8%.

Inventory Management 246

Inventory Management Department Stores Returns Management 246

Retail TouchPoints

SEPTEMBER 20, 2022

Walmart also has built out its inventory management capabilities at its U.S. stores through the August 2022 acquisition of Volt Systems , a solution provider that offers suppliers enhanced on-demand visibility into merchandising resources.

Location 321

Location Beauty and Health Inventory Management Customer Experience 321

Retail TouchPoints

JANUARY 30, 2025

From 2018 to 2022, companies that embraced digital leadership saw average annual shareholder returns of 8.1% , compared to 4.9% As AI continues to prove its worth in critical areas like inventory management and security, the pressure to adopt these technologies also is mounting.

Customer Experience 256

Customer Experience Inventory Management Marketing Returns 256

I Vend

NOVEMBER 6, 2023

We can see the importance of inventory management during the three key stages of the holiday season: Preparation – before the holiday season rush, retailers need to plan and forecast to ensure they know what is most likely to sell, via which channel and in which stores. . What is the role of hand-held devices in inventory management?

Inventory Management 90

Inventory Management Management Point of Sale Returns 90

Retail TouchPoints

SEPTEMBER 16, 2024

“The Tally robot allows us to address inventory and pricing challenges with incredible precision while giving our store teams the tools they need to focus on what matters most — serving our customers.”

Inventory Management 273

Inventory Management Wholesale Supermarket Customer Experience 273

Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. Deloitte found that 51% of lower-income earners and 38% of higher-income earners felt that their finances took a turn for the worse in 2022.

Payment Services 359

Payment Services Promotions Consumer Inventory Management 359

Retail TouchPoints

FEBRUARY 23, 2023

billion for Q4 2022, which ended Jan. Net sales for fiscal 2022 decreased 4% year-over-year to $7.5 In addition, we continued to be disciplined in our expense and inventory management.” Bed Bath & Beyond reported net sales of $2.9 28, 2023, down 5% compared to Q4 2021.

Inventory Management 294

Inventory Management Management Store Operations ATS 294

Retail TouchPoints

JUNE 10, 2022

Discount variety chain Dollar General is looking to self-checkout as a way to “leverage and reinforce our position as a low-cost operator,” COO Jeff Owen told analysts on the company’s Q1 earnings call on May 26, 2022. Now, Owens said the company also plans to begin testing a 100% self-checkout store format across 200 locations this year.

Checkout 304

Checkout Location Kiosk ATS 304

Retail TouchPoints

SEPTEMBER 7, 2022

Cornell’s decision to remain in the leadership role was made following last month’s news of Target’s Q2 2022 performance, which saw net earnings drop 90% from Q2 2021. Valdez will be succeeded by Gretchen McCarthy, SVP of Global Inventory Management, effective immediately.

Inventory Management 298

Inventory Management Planning Management 298

Inside Retail

JULY 22, 2021

Having a centralised fulfilment centre for stores replaces our historical push model, and will result in improved inventory management, reduced markdowns and maximised sell-through whilst also producing significant efficiencies in our online fulfilment operations.”.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Retail TouchPoints

MARCH 16, 2023

More and more retailers are embracing in-store automation and robotics to empower their associates and drive a great customer experience.

Wholesale 279

Wholesale Location ATS Inventory Management 279

Retail TouchPoints

AUGUST 23, 2022

During eBay’s investor day in March 2022, eBay CEO Jamie Iannone shared the company’s vision to develop a 31,000 – square-foot storage facility and digital marketplace for authenticated trading cards and valuable collectibles. TCGplayer develops applications, inventory management tools and hardware such as robotic sorting machines.

Inventory Management 246

Inventory Management Fulfillment Customer Experience Management 246

Retail TouchPoints

NOVEMBER 20, 2023

External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022. Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management.

Payment Services 312

Payment Services Sporting Goods Inventory Management Loss Prevention 312

Retail TouchPoints

APRIL 22, 2022

Amazon also made a major investment in economic initiatives in March 2022 as part of its $2 billion Amazon Housing Equity Fund. The ecommerce giant is providing $124.4 million to build 1,060 affordable homes near four public transit sites in Washington State’s Puget Sound region and the Arlington, Va. region.

Fulfillment 278

Fulfillment Inventory Management Management Shopping 278

Retail TouchPoints

JUNE 28, 2023

Smart Inventory Management is Key as Ecommerce Complexity Grows Before peak season, perform a complete count of all your inventory. In fact, the average number of items in each ecommerce order during the 2022 peak season included at least four products. while also lowering operational costs.

Fulfillment 275

Fulfillment Shipping Inventory Management Planning 275

Inside Retail

MARCH 25, 2025

According to the company, from 2022 to 2023, sales increased by 8 per cent, followed by an even stronger surge of 16 per cent from 2023 to 2024. Sales tend to surge in the final two weeks of Ramadan, and understanding these peak periods allows brands to optimise promotions and inventory management accordingly, he said.

Shopping 130

Shopping Inventory Management Consumer Promotions 130

Retail TouchPoints

AUGUST 5, 2024

In 2021 the retailer opened its first store outside the Northeast and now operates 13 stores in Florida, and in 2022 The Paper Store opened its first Signature Store, featuring a 12,000-square-foot footprint — double its previous stores’ average size — and new ways for customers to shop.

Inventory Management 264

Inventory Management Point of Sale Promotions Jewelry 264

Retail TouchPoints

FEBRUARY 10, 2022

million on inventory management solutions; $1.2 The part of the show where we saw that there was X number of units in the inventory system and there was nothing in the store, we’ve been able to adjust the algorithms to make sure we have that inventory in the stores.

Inventory Management 321

Inventory Management Beauty and Health Management Point of Sale 321

Inside Retail

JANUARY 2, 2023

During the 2022 Singles Day period , according to figures released by Alibaba, 62 influencer and merchant-run livestreaming channels surpassed CN¥100 million ($20.86 According to McKinsey in 2022, the average B2B customer now uses more than 10 channels to engage with a company, up from five channels in 2016. million) in gross revenue.

Shopping 264

Shopping Social Commerce Wholesale Specialty Retailers 264

Retail TouchPoints

JULY 17, 2023

billion in 2022 and is expected to grow at a CAGR of 28.4% Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. According to Grand View Research , the global IoT retail market was valued at $42.38 from 2023 to 2030.

Payment Services 246

Payment Services Checkout Inventory Management Customer Experience 246

Retail Focus

MARCH 25, 2025

The Effect on Supply Chains and Inventory Management Inflation turns warehouse shelves from assets to albatrosses. Some brands dropped entire product categories after being burned by the 2022 inventory glut, which resulted in the liquidation of $48 billion in overstock merchandise across retail channels.

Consumer 130

Consumer Drop-Shipping Shipping Store Layout 130

Retail TouchPoints

APRIL 26, 2022

The rapidly growing retailer, which raised $100 million in a February 2022 funding round, plans to open 25 new stores in 2022 , with more coming in 2023. Foxtrot will be among the innovative thought leaders presenting at the 2022 Retail Innovation Conference and Expo on May 10-12, 2022, in Chicago.

Payment Services 264

Payment Services Drop-Shipping Shipping Inventory Management 264

Independent Retailer

MARCH 29, 2022

With 2022 around the corner, brands must act now to gain the competitive advantage and avoid being left behind. Brightpearl automates back end operations, from sales and inventory management to CRM and logistics, so that merchants can focus on growing fearlessly.

Social Commerce 98

Social Commerce Merchant Services Inventory Management Wholesale 98

Retail TouchPoints

JULY 13, 2023

billion passive RFID tags to be sold in 2023, up from 33 billion in 2022. Turning RFID Technology into Business Value According to IHL Group research, retailers already using RFID in 2022 saw 83% higher sales growth and 80% higher profits. As a result, IDTechEx expects 39.3

Drop-Shipping 243

Drop-Shipping Fulfillment Shipping Wholesale 243

Retail TouchPoints

AUGUST 17, 2022

It’s hard to say that 2022 has been the year of ecommerce so far. 76% of consumers say convenience is a key priority when selecting a retailer, so an automated inventory management process is a critical component of any growing ecommerce business’ success. Looking at all the stats, frankly one might even say quite the opposite.

Payment Services 363

Payment Services Advertising Returns Checkout 363

Retail TouchPoints

JANUARY 9, 2024

Retail Media Networks that offer managed service advertising solutions are likely to take a more active approach to channel selection. They may partner directly with publishers to match data with their media or outsource help from inventory management teams. million people, listened to digital audio, according to eMarketer.

Advertising 290

Advertising Inventory Management Management Consumer 290

Retail Focus

MARCH 29, 2022

To help retailers understand consumer behaviour, international logistics company Advanced Supply Chain Group’s (ASCG), latest research has pinpointed the consumer trends that will have the greatest impact on supply chains in 2022 and the actions retailers are taking to embrace consumer shopping habits and improve supply chain agility. .

Consumer 211

Consumer Inventory Management Payment Services Returns 211

Inside Retail

FEBRUARY 2, 2024

Essentially a form of dropshipping, this has helped Asos expand its range without the hassle of inventory management. In the UK, Marks & Spencer, a 150-year-old retailer, started out with third-party brands a few years back before moving to a dropship model in 2022.

Fulfillment 246

Fulfillment Department Stores Wholesale Fast Fashion 246

Retail TouchPoints

JUNE 26, 2023

Another UPC alternative, RFID, which first made waves in retail 10+ years ago, has also had a slower adoption, largely because of cost and implementation hurdles, despite its having similar benefits, specifically to track and manage inventory and enabling checkout-less “just walk out” transactions.

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

I Vend

JANUARY 9, 2022

A new year is a time to look forward and think about what will shape the future, and in this, my first article of the year, I’ll be exploring the top five trends in retail technology for 2022. iVend Retail Management Suite iVend’s retail technology is delivering innovation in retail. They want fast, easy, contactless payments.

Payment Services 98

Payment Services Returns Checkout Inventory Management 98

Retail Focus

MARCH 15, 2022

ASCG’s research found 20% of retailers had low or no confidence in supply chains stabilising in 2022, following recent years of delays and disruption. Sophisticated stock inventory management software is being increasingly utilised to pull data that helps retailers to create contingencies and better prepare for uncertainty.

Inventory Management 130

Inventory Management Planning Returns Management 130

M19 Retail

NOVEMBER 11, 2021

Making the Most of NRF 2022 Retail’s Big Show. JANUARY 16 – 18, 2022 | BOOTH #5706. LET’S MEET × Join us at NRF 2022! Schedule a meeting with our retail experts at NRF 2022 to understand how Mi9 Retail can automate and optimize your retail business with the best-in-class Merchandise Management platform.

Inventory Management 73

Inventory Management Point of Sale Management Consumer 73

Inside Retail

FEBRUARY 20, 2023

Sales across all four brands – Rebel, Macpac, Supercheap Auto and Boating, Camping and Fishing (BCF) – were up by about 15 per cent, while its profit grew by about 30 per cent for the six months to 31 December 2022. The group reported no drawn bank debt, and $212 million cash on hand.

Operating Expenses 245

Operating Expenses Inventory Management Management Promotions 245