365 Retail

DECEMBER 8, 2021

According to Google, online sales throughout November and December can account for up to 30% of a company’s annual sales, while peak shopping dates such as Black Friday deliver upwards of three times more traffic for online retailers. Minimising disruption during peak. The power of automation .

Inventory Management 52

Inventory Management Management Fulfillment Supply Chain Management 52

Retail TouchPoints

MAY 21, 2024

Moreover, they can launch a targeted promotion for kitchenware, advertised at the store’s entrance and through social media channels and timed to coincide with the peak traffic on Saturday afternoons. Leveraging network analytics in inventory management extends beyond maintaining optimal stock levels.

Inventory Management 235

Inventory Management Payment Services Store Layout Promotions 235

Retail TouchPoints

NOVEMBER 22, 2024

As a result, the 74% of merchants that saw their store operations budgets increase between 2023 and 2024 had to figure out the best way to allocate this money toward a wide-ranging set of needs, from new in-store technology and inventory management solutions to employee training and engagement initiatives.

Management 243

Management Merchant Services Employee Engagement Store Operations 243

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. Regularly update all applications.

Payment Services 307

Payment Services Sporting Goods Inventory Management Loss Prevention 307

Retail TouchPoints

AUGUST 5, 2024

“That helped adoption, and it also just runs faster,” than The Paper Store’s previous POS system, which had required three separate logins for POS, inventory queries and ship-to-home functionality. That’s three different passwords and user accounts in each store across the fleet.

Inventory Management 243

Inventory Management Point of Sale Promotions Jewelry 243

Retail TouchPoints

OCTOBER 28, 2022

Every business has a number of core processes, units and departments that each function as vital cogs in the machinery, including manufacturing, order management, purchasing inventory, accounting, human resources, financial management and so much more. What Should you Look for in your Retail ERP System?

Supply Chain Management 254

Supply Chain Management Inventory Management Management Accounting 254

I Vend

OCTOBER 26, 2024

Inventory is a big part of your retail business investment – up to 80% of the total in some cases. Flawless inventory management is therefore one of the most effective things you can do in order to reduce costs and maintain smooth operations. Learn about our integrated POS, inventory management and smart replenishment.

Inventory Management 52

Inventory Management Point of Sale Management Markdowns 52

Retail TouchPoints

JANUARY 30, 2023

As such, the store itself features a “completely reimagined” layout and inventory management system developed to enable “accurate and affordable grocery pickup in minutes.” “The 100-year-old grocery business is not immune to disruption,” said Matt Christensen, CEO and Managing Partner at Rose Park Advisors in a statement.

Grocer 307

Grocer Planning Supermarket Inventory Management 307

Retail TouchPoints

AUGUST 4, 2023

Having more kiosks for customers to check in at also allows staff to be more flexible. Features such as inventory management and the ability to track sales allow operators to keep track of which items sell better than others. The inventory management features also help operators track any theft.

Payment Services 227

Payment Services Kiosk Marketing Inventory Management 227

Retail TouchPoints

JANUARY 18, 2022

“By partnering with RELEX, our corporate demand planners have the ability to improve processes that support our distribution and inventory management strategies,” said Bill Ruggles, Director of Procurement for Sheetz in a statement. RELEX will ultimately help ensure Sheetz customers have what they want, when they want it, 24/7/365.”.

Planning 197

Planning Inventory Management Accounting Promotions 197

Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. At the top of the list is computer vision — a field of artificial intelligence that enables computers to interpret digital images or video.

Payment Services 214

Payment Services Inventory Management Checkout Loss Prevention 214

M19 Retail

MARCH 17, 2021

Mi9 Retail continues to make significant product investments in its flagship Merchandise Management platform to help its loyal customer base adapt to changing trends and strengthen their unified commerce strategies. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management. Recent Posts.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Inside Retail

MARCH 22, 2023

Australian manufacturers are dangerously overstocked, carrying an average $231,700 in additional products or ingredients, according to research from inventory management software provider Unleashed. Comparing, say, beverages and construction, you’re often looking at very different inventory models. “For

Inventory Management 264

Inventory Management Accounting Management Marketing 264

Retail Minded

JULY 4, 2024

Then, apply the features of the chosen accounting software to sort all costs and income correctly. It is also advisable to open a business bank account and business credit card to separate business and personal expenses. This involves compiling all the sales receipts, invoices, and expenses incurred in the year.

Payment Services 84

Payment Services Inventory Management Accounting Management 84

Inside Retail

NOVEMBER 6, 2023

If tasks aren’t completed on time in a prioritised, efficient manner, omnichannel services can run late, customers receive lacklustre service, and employees can become frustrated at their inability to effectively complete their work. Zebra’s Workcloud is split into three solutions, (each formerly branded Reflexis).

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail TouchPoints

APRIL 19, 2024

For example, 60% of customers say they would be willing to pay more for a product with sustainable packaging, so it is paramount that businesses stay with the times and account for these shifting consumer preferences. Joseph Schlossberg is a VP of Global Sales at Sourcing Solutions International.

Supply Chain Management 233

Supply Chain Management Fast Fashion Apparel Shipping 233

Inside Retail

MARCH 7, 2024

This experience led to a role in sales and account management, helping retailers solve fulfilment challenges, sparking my passion for the industry. Did having that insight into the way logistics companies operate help you implement best practices at Meshki? I often joke with the directors that I was (and still am) winging it.

Fulfillment 249

Fulfillment Shipping Returns Inventory Management 249

I Vend

MAY 8, 2024

We take a look at how modern, integrated POS for wine and liquor stores can unlock a future of growth. Our modern POS for wine and liquor stores unlocks growth Read more The global at home alcoholic drinks market is worth $1070 billion and is growing at a compound annual growth rate (CAGR) of 4.4%.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

Wiser

OCTOBER 10, 2024

Buy Online, Pick Up In-Store (BOPIS ) is a retail strategy where customers purchase products online and collect them from a physical store at their convenience. However, implementing BOPIS isn’t without its challenges, particularly for CPG brands that need to balance online and in-store inventory demands. What Is BOPIS?

Inventory Management 78

Inventory Management Management Consumer Promotions 78

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 per cent at the end of FY23. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Myer reported in its latest trading update that group comparable sales for the first half of FY24 were virtually flat, up by just 0.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Storis

SEPTEMBER 16, 2024

The process of assigning serial numbers to inventory pieces is a critical aspect of efficient inventory management, particularly in the appliance retail market. While both are identifiers used in inventory management, they serve distinct purposes.

Inventory Management 52

Inventory Management Inventory Turnover Point of Sale Management 52

Retail TouchPoints

APRIL 25, 2022

With the help of AI and automation, retailers can more precisely estimate the amount of inventory to keep in stock at any given time while minimizing production waste and the dreaded “out-of-stock” status. Ultimately, inventory pacing will better position retailers for success in an increasingly competitive retail landscape.

Supply Chain Management 286

Supply Chain Management Inventory Management Shipping Management 286

Inside Retail

JULY 14, 2024

Over-ordering and under-organising Steve Ross, an omnichannel solution principal at retail tech company Aptos, shared several common errors retailers make when it comes to inventory and fulfilment operations. Walmart has been using advanced AI technology to optimise inventory management for a few years already.

Shopping 130

Shopping Fulfillment Shipping Inventory Management 130

Retail TouchPoints

SEPTEMBER 7, 2022

Added to that, even on a single device and rate plan sale, the retailer might be tracking upwards of five different subsidy types, depending on promotions at that time. Keeping inventory management separate. Managing store-within-a-store staff.

Kiosk 238

Kiosk Inventory Management Management Accounting 238

Inside Retail

MARCH 17, 2022

Unified commerce is the new holy grail for retailers, promising previously unheard-of levels of customer insights and control over all elements of sales and inventory management. Smarter inventory management enabled by unified commerce allows stores to resell the item or return it to the warehouse.

Checkout 246

Checkout Drop-Shipping Payment Services Inventory Management 246

Small Biz Trends

DECEMBER 6, 2022

We’ll look at some of the top POS solutions currently available for this article. Once the payment is processed, the money is deposited into relevant accounts. Sale POS systems may also have additional functionality, including payroll, employee management, and customer tools such as loyalty programs. Brilliant POS.

Point of Sale 115

Point of Sale Payment Services Merchant Services Inventory Management 115

Retail TouchPoints

FEBRUARY 27, 2024

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. Mattle is Retail and Distribution Leader – North America and Global Client Advocate at WTW. She has worked with several global companies focusing on risk management strategy.

Payment Services 244

Payment Services Wholesale Store Layout Inventory Management 244

Retail Focus

SEPTEMBER 21, 2023

While owning a bar or restaurant is undeniably exciting, this journey is often strewn with myriad challenges that can keep even the most hardened entrepreneur awake at night. Often, staff view these jobs as mere stepping stones, rarely looking at them as long-term career opportunities.

Inventory Management 130

Inventory Management Management Accounting Point of Sale 130

Retail Gazette

FEBRUARY 22, 2024

Inventory Management and Forecasting AI-powered algorithms enable retailers to optimise inventory management and forecasting processes, reduce stockouts, minimise excess inventory, and improve overall supply chain efficiency.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Retail Focus

SEPTEMBER 17, 2024

Whether it’s maintaining your point-of-sale (POS) systems, overseeing your inventory management software, or ensuring smooth website functionality for eCommerce operations, having a reliable IT support team ensures everything works seamlessly.

Payment Services 130

Payment Services Inventory Management Customer Experience Management 130

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. 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.

Payment Services 323

Payment Services Promotions Consumer Inventory Management 323

Inside Retail

JANUARY 15, 2023

We believe there are six key strategic pillars, which should be taken into account to ensure your organisation is on the right track for supply chain resilience: Redesign your fulfilment network and your merchandise planning function for multi-channel fulfilment. About the author: David Bissett is a partner at Argon & Co Australia.

Inventory Management 130

Inventory Management Fulfillment Customer Experience Planning 130

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Wiser

APRIL 9, 2024

We’re often asked to describe, step by step, how CPG customers utilize Wiser’s platform to overcome sales challenges both at the corporate level and within the store environment. Their goals include discussing the issues with store managers, rectifying the problems, and capturing relevant information to feed back into the system.

Accounting 78

Accounting Inventory Management Point of Sale Management 78

Retail Focus

SEPTEMBER 5, 2024

While artificial intelligence, or AI if you prefer, is not an entirely new concept to retailers, the way it is being used and rolled out in shops and stores, as well as online, is changing at a rapid pace. She explains that retailers must prioritise transparency and accountability in their AI initiatives.

Payment Services 162

Payment Services Checkout Inventory Management Store Layout 162

Retail TouchPoints

FEBRUARY 10, 2022

Over the course of her 30-year career, The Vitamin Shoppe CEO has held leadership roles at Godiva , Sally Beauty , Pier 1 , Bath & Body Works , Gap and The Disney Store. It’s been a while since she’s been on the front lines though — not since the late ‘80s to be exact, when she was a manager at Express.

Inventory Management 296

Inventory Management Beauty and Health Management Planning 296

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. Enter smart inventory management systems. Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. Read on for more insight!

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52