Retail TouchPoints

AUGUST 13, 2024

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. It’s critical in seasonal apparel, too – think about swimwear, fall and winter accessories and the many other items that have an end to their selling seasons.

Markdowns 309

Markdowns Loss Prevention Customer Experience Inventory Management 309

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. How to Take Consumer Engagement and LTV to New Levels. 5 Social Advertising Trends for Retailers to Know in 2021: Featuring Under Armour.

Consumer 189

Consumer Payment Services Fulfillment Advertising 189

Retail TouchPoints

SEPTEMBER 19, 2023

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

Store Operations 278

Store Operations Shipping Fulfillment Store Layout 278

Inside Retail

FEBRUARY 8, 2024

It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. While some industry experts are saying that Myer’s optimistic take on its 0.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Inside Retail

JANUARY 24, 2024

The heritage brand, deeply rooted in providing affordable and reliable footwear, faced the challenge of being associated primarily with mature-age consumers. To gain deeper insights into this transformative journey, we spoke with Wilasinee Parnurat, the country manager and managing director of Bata Thailand.

Inventory Management 130

Inventory Management Visual Merchandising Customer Retention Consumer 130

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. With everything seemingly managed by the customer through the app, one wonders what exactly store associates will do, and indeed whether there even will be humans on-site.

Payment Services 263

Payment Services Apparel Inventory Management Department Stores 263

Inside Retail

FEBRUARY 23, 2023

Nuholt Huisamen, Levi’s managing director and senior vice president for APAC, said the store was a major milestone for the global denim label, which marks the 150th anniversary of its iconic 501 fit jeans and 170th anniversary of its brand this year. billion and US$887 million respectively, by focusing on execution and the controllables.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail TouchPoints

JUNE 13, 2023

RTP: What key consumer behaviors are you aiming to respond to as a brand? Houle: Consumer behaviors have evolved significantly and as a retail brand, we need to be attuned to these changes and respond proactively. Unified commerce: Consumers today expect a seamless shopping experience across channels.

Customer Experience 289

Customer Experience Inventory Management Marketing Consumer 289

Inside Retail

APRIL 25, 2023

Rather, it is in constant flux, with innovations shifting the way that industry players operate, and changing the way that consumers and traders interact with one-another. From a back-of-house perspective, AI and machine learning technology is also able to power supply chain management and easily detect fraud.

Shopping 130

Shopping Payment Services Inventory Management Supply Chain Management 130

Retail TouchPoints

JULY 12, 2022

Walmart is also on that list, but it stands out because Walmart has the ability to introduce the power of AR to more consumers than almost any other retailer given its massive global reach. What’s more, while most users today still see AR as a “toy,” the study found that 76% of consumers want AR tools they can use in their everyday lives.

Apparel 364

Apparel Inventory Management Consumer Shopping 364

Inside Retail

JANUARY 23, 2022

According to the post, Amazon Style will offer women’s and men’s apparel, shoes and accessories from hundreds of popular and emerging brands, and include several innovative features, such as tailored, real-time recommendations. Here is everything you need to know about Amazon Style – from how it works to what it means for the competition.

Department Stores 130

Department Stores Checkout Inventory Management Fashion 130

Star Miconics

AUGUST 11, 2023

The Online Order Surge is Here to Stay Recent data underscores an undeniable truth: online ordering is not just a fleeting trend—it’s an entrenched consumer habit well-established in everyday life. Diverse Ordering Platforms: In today’s digital age, consumers have multiple avenues to place orders.

Accessories 52

Accessories Inventory Management Management Consumer 52

Star Miconics

AUGUST 11, 2023

Hardware Solutions for Online Ordering The Online Order Surge is Here to Stay As it stands, recent data underscores an undeniable truth: online ordering is not just a fleeting trend—it’s an entrenched consumer habit well-established in everyday life. This can lead to potential mismanagement and oversight of certain orders.

Accessories 52

Accessories Inventory Management Management Consumer 52

Star Miconics

APRIL 12, 2024

Customized Labeling for Diverse Order Types Customized labels are vital for managing omnichannel retail orders. Enhancing Inventory Management through Strategic Labeling Efficient inventory management is crucial in omnichannel commerce. High-quality printing that ensures readability and durability.

Inventory Management 52

Inventory Management Fulfillment Point of Sale Management 52

Independent Retailer

JULY 29, 2022

RFID technology allows retailers to gain a greater view of their on-hand inventory with 93-99 percent inventory accuracy by scanning hundreds of items within seconds. Interactive fitting rooms increase consumer engagement by providing outfit and accessory suggestions, size availability, and color options. by Dean Frew.

Customer Experience 77

Customer Experience Shrinkage Checkout Inventory Management 77

Inside Retail

MARCH 2, 2023

One such advancement is the development of Autonomous Mobile Robots (AMRs), which have been implemented by a range of companies – including Catch, Toys R Us , and a number of other retailers – for task enhancements ranging from inventory management, order fulfilment, delivery and customer service.

Fulfillment 130

Fulfillment Inventory Management Beauty and Health Management 130

365 Retail

NOVEMBER 13, 2023

Yet potentially it can be a very rewarding period for sales if forecast and managed correctly. Seasonal demand is the changes in consumer appetite that naturally occur at different times of the year, such as around Christmas or Black Friday. Black Friday and Cyber Monday also lead to spikes in sales for discount-hungry consumers.

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

Inside Retail

JULY 3, 2023

Driving in-store purchases Kelly Slessor, founder and CEO of Shop You, an AI-driven personal shopping assistant, told Inside Retail that machine learning and visual matching algorithms will eventually impact every element of retail – from customer service, to in-store visual merchandising, pricing to inventory management.

Fashion 130

Fashion Accessories Returns Visual Merchandising 130

Wiser

APRIL 7, 2020

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

Markdowns 128

Markdowns Inventory Management Drop-Shipping Apparel 128

Inside Retail

AUGUST 23, 2023

But the steady expansion of the group’s retail network, combined with the recovery in consumer spending after pandemic-control measures shifted in Q4, helped mitigate the majority of the impact during the financial year. The group includes the Chow Tai Fook brand, as well as Hearts On Fire, Enzo, Soinlove and Monologue.

ATS 130

ATS Inventory Management Point of Sale Fulfillment 130

Inside Retail

MARCH 7, 2024

Birthday suit vice Against this backdrop, Australian fashion brand Nakedvice is on a mission to redefine accessible luxury with timeless designs that draw inspiration from vintage pieces and ‘90s nostalgia, aligning with emerging trends and consumer sentiments.

Boutique 130

Boutique Apparel Fashion Wholesale 130

I Vend

SEPTEMBER 1, 2022

Consumers continue to spend on essentials such as food, personal care, and basic clothing, but reduce their outlay on items such as furniture, home electronics, sporting goods and accessories. In retail specifically, the world tends to be divided into essentials and luxury items.

Dead-Stock 98

Dead-Stock Payment Services Sporting Goods Inventory Management 98

Retail Times

MARCH 30, 2021

Keeping track of products using a pen and paper isn’t just time-consuming, it can also lead to mistakes. It’s best to use a point-of-sale or inventory system that automatically modifies inventory levels as you ring up sales, so you won’t have to worry about manually updating your database. Pay attention to consumer trends.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Retalon

AUGUST 22, 2023

As a retailer, effectively managing your inventory is critical to the success of your business. One of the key inventory metrics retailers track is inventory turnover. Inventory turnover measures how many times a company sells and replaces its inventory during a period. given longer shelf lives.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Inside Retail

SEPTEMBER 13, 2023

The great thing about this industry is that it’s truly at the intersection between centuries-old industrial processes and cutting-edge new technologies, and the consumer tells you very quickly if they agree with you or not. Category extensions into more lifestyle products is a super interesting space we are giving more time and attention to.

Fashion 260

Fashion Clienteling Marketing Inventory Management 260

Rain Pros

APRIL 3, 2024

Demand for your products may shift as a result of weather changes, holidays, or a change in consumer behavior. As an entrepreneur with a company that experiences seasonal cash flow, planning ahead for off-season slumps is crucial to managing your operating costs and building a sustainable business.

Planning 52

Planning Promotions Management Marketing 52

Inside Retail

AUGUST 17, 2021

The 2021 State of Fashion report published by McKinsey showed that data captured in the past 18 months indicates fashion moved “five years forward in consumer and business adoption of digital in a matter of months”. Starting with Chanel, Farfetch aims to enhance interactions between consumers and sales associates.

Fashion 130

Fashion Beauty and Health Apparel Accessories 130

Star Miconics

MARCH 1, 2024

Find out about the mC-Print3 > TSP143IV Thermal Printer The TSP143IV series thermal printer offers a compact, future-proof solution with enhanced connectivity options like Android Open Accessory (AOA). 4 Restaurant Technology Challenges for the Next Decade The wants and needs of the consumer are constantly evolving and changing.

Inventory Management 59

Inventory Management Accessories Fulfillment Promotions 59

Star Miconics

DECEMBER 1, 2023

Despite the surge in online shopping, many consumers worldwide still cherish the in-store experience. The temporary nature of pop-ups themselves is also great for driving consumer demand. Cash Drawers : To securely manage cash transactions. Barcode Scanners : For efficient product identification and inventory management.

Shopping 59

Shopping Point of Sale Customer Experience Inventory Management 59

Retail TouchPoints

MARCH 13, 2023

The result is a carousel of styled looks at the bottom of every PDP that shows the featured product along with complementary apparel and accessories. Increasing AOV While Building Customer Confidence Puma has been working with Stylitics for almost three years now with the primary aim of increasing basket sizes. and Canada.

Visual Merchandising 278

Visual Merchandising Shopping Customer Retention Sporting Goods 278

I Love Fashion

JULY 27, 2022

Couture fashion has been in existence for centuries, designed by the local fashion-savvy artisans, who specialized in designing unique costumes as well as accessories for the royalties, during ceremonial events. The brand imagery creates a visual language that helps the brands communicate their aesthetics to the consumers.

Fashion 52

Fashion Inventory Management Marketing Accessories 52

Inside Retail

AUGUST 29, 2024

Victoria’s Secret swung to a net income despite lower sales in the fiscal second quarter, which an analyst attributes to better inventory management discipline and efficient cost control. The lingerie and perfume brand’s net income stood at $32.1 million while net sales fell 0.7 per cent year over year to $1.42

Inventory Management 130

Inventory Management Finance Management Consumer 130

Inside Retail

MARCH 14, 2024

New beginnings Song went on to say that the brand has been around for 14 years, and the management team felt it was time to modernise the brand with a more contemporary outlook and give it a more elevated and sophisticated tone in the marketplace. “We If we looked at our historical performance, the 80/20 rule still holds true.

Inventory Management 130

Inventory Management Consumer Fashion Management 130

CJ Retail Solutions

AUGUST 17, 2024

More advanced retail settings have replaced traditional brick and mortar stores with their small inventory & manual checkout procedures. This changes in the way consumers engage with brands and make decisions about what to buy is the result of a number of factors, such as mobile payment systems & e-commerce platforms.

Marketing 52

Marketing Point of Sale Payment Services Promotions 52

Inside Retail

FEBRUARY 29, 2024

Neil Saunders, managing director and retail analyst at GlobalData, added, “Rent the Runway is not in a happy place and has not been in a happy place for quite some time. How should the industry adapt to rapidly changing consumer concerns? A r eport conducted by the firm estimated that the online clothing rental market will be worth $1.77

Fashion 130

Fashion Payment Services Inventory Management Consumer 130

Inside Retail

AUGUST 24, 2023

His initial sentiments, stressing the need to do things differently and to redefine the brands so that they have meaning to consumers, are very sensible. Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. per cent year on year.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Retalon

AUGUST 5, 2020

Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. The inventory sitting in stores and warehouses is the single biggest investment that a retailer makes. The home improvement sector, on the other hand, only turns its inventory 4 times per quarter.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41