Inside Retail

FEBRUARY 6, 2025

Here at Tyro ,we understand the unique challenges Aussie businesses face. With a stream of steady cash flow at the top of mind for many, weve put together five handy tips to help ensure your money keeps flowing while your business keeps growing. Now, with the basics covered,lets look at some actionable tips: 1.

Finance 130

Finance Management Payment Services Inventory Management 130

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 256

Planning Inventory Management Accounting Promotions 256

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 278

Supply Chain Management Inventory Management Management Accounting 278

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.

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Grocer Planning Supermarket Inventory Management 312

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 329

Supply Chain Management Inventory Management Shipping Management 329

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 264

Inventory Management Payment Services Store Layout Promotions 264

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 312

Payment Services Sporting Goods Inventory Management Loss Prevention 312

Small Biz Trends

JULY 20, 2022

That’s why most of them rely on accounting software to make their life easier. What is Accounting Software? Small business accounting software is a powerful tool that enables business owners to have complete control over their finances. Why You Should Invest in Small Business Accounting Software. AccountEdge Pro.

Accounting 98

Accounting Payment Services Finance Management 98

Small Biz Trends

JUNE 14, 2022

Managing finances is no walk in the park for the majority of small business owners. Luckily, there are a number of accounting software tools that can help. Free Software for Your Small Business Accounting. Every accounting software for small businesses comes with its own set of features. Best Free Accounting Software.

Accounting 98

Accounting Payment Services Finance Management 98

Retail TouchPoints

APRIL 4, 2025

When inventory management, marketing, supply chain and in-store operations dont speak the same language and rely on separate data streams and objectives, theres a loss of agility. AI can help retailers process unstructured data at scale, unlocking valuable insights. Disconnected teams mean fragmented decision-making.

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Management Customer Experience Inventory Management Store Operations 147

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 359

Payment Services Promotions Consumer Inventory Management 359

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 246

Payment Services Inventory Management Checkout Loss Prevention 246

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 264

Inventory Management Point of Sale Promotions Jewelry 264

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 246

Payment Services Kiosk Marketing Inventory Management 246

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 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 321

Inventory Management Beauty and Health Management Point of Sale 321

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.

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Kiosk Inventory Management Management Accounting 264

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

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 264

Supply Chain Management Fast Fashion Apparel Shipping 264

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.

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Inside Retail

NOVEMBER 14, 2024

At no time of the year is there more pressure on retailers to get the customer journey right. In the intense retail environment, managing inventory effectively is the difference between delighting the customer at those peaks or missing out,” concludes Egglestone.

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Fulfillment Returns Customer Experience Management 130

Independent Retailer

NOVEMBER 15, 2024

In this article, we’ll talk about retail management, what it is and why it’s important. Let’s look at effective strategies and tools that will help improve business efficiency. What is Retail Management Retail Management is a set of activities that ensure the efficient operation of a retail business.

Management 105

Management Wholesale Visual Merchandising Promotions 105

Retail TouchPoints

FEBRUARY 20, 2025

The pandemic helped, of course, but that alone cant account for the companys impressive growth over the past 13 years. Approximately 90% of Caper cart users log in with their loyalty card at the start of their shopping trip, allowing retailers to engage with customers digitally in a whole new way, said McIntosh.

Grocer 191

Grocer Shopping Consumer Management 191

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 278

Payment Services Wholesale Store Layout Inventory Management 278

Retail TouchPoints

SEPTEMBER 23, 2022

Corporations manage 3PL warehouses with physical spaces and logistics teams. One 3PL can handle a multitude of clients at a time, and they store, manage and prepare the goods for shipment, process the orders and deliver them to customers via their partner carriers. Do they provide a personal account manager for your business?

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Fulfillment Shipping Inventory Management Management 331

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

Retail TouchPoints

JULY 27, 2021

The actualization of being able to buy, receive and return goods from virtually anywhere is now moving at warp speed. At the outset of your omnichannel strategy development, you’ll need buy-in from your senior executive team. The sweet spot will be delivering the best possible customer experience at the right cost.

Shipping 312

Shipping Fulfillment Inventory Management Customer Experience 312

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

Retail TouchPoints

JULY 12, 2021

Good warehousekeeping leads to better customer service through improved inventory management, faster receiving, put-away, picking and shipping times, savings in labor costs and reducing expensive errors. Next, take a hard look at your processes: What are you currently doing today? She can be the CEO or an accountant.

Merchant Services 279

Merchant Services Fulfillment Shipping Inventory Management 279

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 1: Demand forecasting. 4: Return rates. 5: Sustainability metrics.

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Fulfillment Returns Shipping Promotions 310

Retail TouchPoints

JANUARY 20, 2022

However, instead of relying on individual store managers to navigate local purchases, corporate procurement teams can add value by organizing the effort, evaluating and sourcing local suppliers, negotiating best pricing and delivery options, and automating the process by using technology to simplify local inventory management.

Merchant Services 264

Merchant Services Clienteling Shipping Inventory Management 264

Retail TouchPoints

JUNE 19, 2023

There’s a high likelihood that, as an American shopper, you’ve been at a store, seen an item completely unrelated to the purpose of your shopping trip, and suddenly — you have to have it. Impulse spending accounts for a sizable chunk of retail revenue. Electronics had the lowest percentage, at 13.6%.

Inventory Management 276

Inventory Management Department Stores Consumer Shopping 276

Wiser

NOVEMBER 19, 2024

By integrating real-time insights, brands can better understand how execution at the store level impacts sales and make data-driven decisions that improve both product visibility and sales effectiveness. By combining syndicated POS data with execution data , brands gain a fuller picture of what drives success at the store level.

Promotions 78

Promotions Inventory Management Consumer Accounting 78

Retail TouchPoints

MAY 3, 2023

There is greater demand for transparency and active participation in sustainable practices from retailers across the spectrum, and consumers, especially Gen Z, are holding brands accountable for greenwashing through their spending power. Alexia Beghi is Design Director and Senior Associate at Gensler.

Visual Merchandising 278

Visual Merchandising Consumer Inventory Management Customer Experience 278

Retail TouchPoints

JANUARY 25, 2022

In the retail industry, many organizations are at a pivotal moment of forging a path forward to define the future-state customer experience where the physical and digital converge. 4) Think Big: Improve supply chain and inventory management. This inconvenience was arguably worse than not offering the service at all.

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Management Marketing Customer Experience Inventory Management 264

Retail Minded

DECEMBER 21, 2022

Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . Efficiency in accounting cannot be achieved without the right people in place. Another important aspect of accounting is financial reporting.

Accounting 52

Accounting Inventory Management Management Point of Sale 52