Retail TouchPoints

APRIL 14, 2021

Stitch Fix Founder and CEO Katrina Lake will step down from the helm of the apparel subscription service on August 1, 2021, and current President Elizabeth Spaulding will move into the top role. Lake will transition to the role of Executive Chairperson of the Board, focusing on Stitch Fix’s social impact efforts.

Inventory Management 240

Inventory Management Apparel Shopping Management 240

Inside Retail

MARCH 7, 2024

billion apparel industry in Australia. Despite a slight dip in 2020, the global apparel market is set to grow to about US$2 trillion by 2028, from US$1.79 Locally, women’s apparel represents the largest segment with an estimated market volume of US$11.86 billion; the men’s apparel market is about half of that, worth US$6.35

Boutique 130

Boutique Apparel Fashion Wholesale 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. Amazon’s done this before… just not for apparel. The goal is an Everything Apparel Store IRL. The King of Ecommerce is no stranger to brick-and-mortar — far from it.

Payment Services 263

Payment Services Apparel Inventory Management Department Stores 263

Retail TouchPoints

JANUARY 13, 2023

In general, consumer spending on goods has proven weaker as more Americans are spending available funds on services, travel and activities that were limited during the pandemic ,” said Lisa Plonka, Partner and leader of Plante Moran ’s Consumer Goods Practice. Sporting Goods : 10% vs. 6%. and 27% globally, according to Salesforce.

Promotions 295

Promotions Sporting Goods Jewelry Inventory Management 295

Inside Retail

JANUARY 11, 2022

Retailers are now investing significant resources into logistics, deploying the latest inventory management systems, automating warehouses and hiring hundreds of hardworking staff in an effort to pick, pack and ship online orders as quickly as possible. It’s no secret that consumers prefer fast delivery.

Shipping 200

Shipping Fulfillment Inventory Management Location 200

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

Inside Retail

FEBRUARY 23, 2023

He observed that younger consumers are becoming more focused on the circular economy, and Levi’s has seen positive feedback from this cohort so far. “To The service is the first of its kind in Singapore, enabling consumers to work with a tailor to customise their favourite denim items.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

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

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

APRIL 17, 2023

A $275 billion dollar windfall In the next three to five years, generative AI could add $150 billion, conservatively, and up to $275 billion to the apparel, fashion, and luxury sectors’ operating profits, according to McKinsey & Co research. It has so far had little experience with generative AI – but that could soon change.

Fashion 245

Fashion Fast Fashion Returns Inventory Management 245

Retail TouchPoints

OCTOBER 6, 2022

Rather than being limited to a jam-packed four to five weeks from Black Friday to Christmas Eve, consumers are beginning their shopping as early as October (with a few doing so even earlier than that). The return to offices and social events is inspiring consumers to level up their wardrobes and focus more on apparel and footwear.

Merchant Services 287

Merchant Services Payment Services Promotions Location 287

Retail TouchPoints

JULY 20, 2020

While the latter may be true, excess inventory also has a silver lining of hidden pathways to optimizing excess inventory that lead straight to your bottom line through distribution in the off-price retail market. Technology has revolutionized the way brands manage their excess inventory. Eco-Friendly Benefits.

Inventory Management 165

Inventory Management Apparel Fashion Specialty Store 165

Retail TouchPoints

FEBRUARY 20, 2023

For example, an apparel store specializing in athletic shoes may use RFID/NFC sensors to engage with a customer interacting with the product. Actionable data can also help retailers with inventory management across all locations. But it may be exactly what the consumer wants, and what the retailer needs to compete.

Advertising 246

Advertising Sporting Goods Returns Inventory Management 246

Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. But generally speaking, consumer sentiment is still quite positive — we need to see if that holds up over the summer.

Shopping 294

Shopping Consumer Planning Inventory Management 294

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. Consumers want it now, and they can get it now with online shopping, which is available 24 hours a day, seven days a week.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Retail TouchPoints

JULY 18, 2023

To fulfill its mission of providing “Fun for All,” the retailer has implemented a localized merchandising strategy that spans a portfolio of leading national and private label brands across outdoor, apparel, footwear, and sports and recreation categories.

Outdoor 235

Outdoor Markdowns Apparel Fulfillment 235

Retail TouchPoints

NOVEMBER 29, 2023

However, that doesn’t mean consumers don’t want to go to malls. In fact, more than 40% of adults reported visiting a mall within a two -week period in August, up from 35% at the beginning of June and 30% in the beginning of April, according to Coresight Research’s ongoing survey of 1,600 consumers.

Shopping 278

Shopping Kiosk Consumer Fulfillment 278

Wiser

FEBRUARY 29, 2024

Panelists highlighted the frustration with labor scarcity in an environment where consumer demands and expectations are constantly evolving. With so many tasks and not enough hands, businesses are turning to third-party services to fill the gap, often leading to additional costs and higher prices for consumers.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

Retail Focus

JULY 3, 2024

Through their significant influence, luxury brands can shape consumer behavior and industry standards, setting trends that can cascade down to more accessible markets. They can leverage their platforms to advocate for environmental responsibility, fostering a shift in consumer attitudes towards more sustainable consumption patterns.

Consumer 162

Consumer Promotions Shopping Store Layout 162

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

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

Retail TouchPoints

JANUARY 25, 2022

This is a direct and relatively simple means to take consumers to experiential landing pages where retailers and brands can share information about products, including new launches, recipes, instructions, promotions and more. 4) Think Big: Improve supply chain and inventory management.

Management 264

Management Marketing Customer Experience Inventory Management 264

Inside Retail

OCTOBER 11, 2023

A few years ago, it seemed like every new brand making noise in the market was adopting a direct-to-consumer (DTC) business model. The history and growth of DTC In the 2010s, early digital-native vertical brands (DNVB) such as Warby Parker and Glossier gained a lot of attention for their use of technology to reach consumers online.

Dead-Stock 130

Dead-Stock Consumer Kiosk Inventory Management 130

Inside Retail

JULY 27, 2022

Among retail decision-makers, 70 per cent hold this view; the idea is even more prevalent among those in the specialty non-apparel space. Delivering successful business cases for digital investment is made more challenging by slowing growth in e-commerce as consumers return to pre-pandemic shopping behaviours.

Inventory Management 130

Inventory Management Returns Customer Experience Apparel 130

Retail TouchPoints

JULY 29, 2020

While the name Burton is almost synonymous with the snowboards the company began making in 1977, Burton has diversified over the years into new categories — including surfboards, apparel, goggles/optics and other sports gear — as well as expanding beyond manufacturing into direct-to-consumer (DTC) retail, both physical and digital.

Planning 317

Planning Wholesale Customer Experience Store Operations 317

Retalon

AUGUST 22, 2023

It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Mass Relators

JULY 26, 2022

This is higher than previously expected, with a heavier mix of food and consumables, which is negatively affecting gross margin rate, the company said on July 24. The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

365 Retail

SEPTEMBER 1, 2024

Securing patents for these technologies can give a major competitive edge whether your development is for original data processing methods, private algorithms for consumer segmentation, or creative solutions improving inventory control. Whether they are in-store or online, consumers today demand tailored experiences.

Target Market 52

Target Market Consumer Advertising Returns 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 18, 2023

While some sectors, notably the apparel industry, stand to benefit from these trends, other segments, such as consumer electronics, might encounter fluctuations in sales. Predictive Analytics for Inventory Management Avoid stockouts and overstocking by using predictive analytics to manage your inventory effectively.

Inventory Management 67

Inventory Management Promotions Payment Services Returns 67

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

I Vend

JANUARY 13, 2022

Not surprisingly, the biggest source of returns is wearable items – with the top five being clothes, men’s dress shirts, shoes, make-up, sports apparel. As many as 92% of consumers say they will return to a retailer if they have a positive customer experience with returns, and they can generate an opportunity for cross sell/upsell. .

Customer Experience 98

Customer Experience Returns Management Inventory Management 98

Retail Times

MARCH 30, 2021

The first step to avoiding discrepancies is to implement an electronic (ideally cloud-based) inventory system. Keeping track of products using a pen and paper isn’t just time-consuming, it can also lead to mistakes. Not ready for a full retail management solution? Consider creating an inventory management system in Excel.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion on clothing and fashion apparel (20 %), $2.4 2010, $14.1B. 2015, $18.9B. 2019, $ 20.7B. 2020, $27.4B. billion on fancy dining (34 %), $2.9

Jewelry 52

Jewelry Point of Sale Specialty Store Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion on clothing and fashion apparel (20 %), $2.4 2010, $14.1B. 2015, $18.9B. 2019, $ 20.7B. 2020, $27.4B. billion on fancy dining (34 %), $2.9

Jewelry 52

Jewelry Specialty Store Point of Sale Inventory Management 52

Retail TouchPoints

FEBRUARY 2, 2021

Consumers clearly care about the supply chain: the research found that 66% of shoppers said a retailer’s or brand’s environmental sustainability was a consideration when choosing where to shop for clothing and footwear. said Sarah Clarke, EVP of PVH Supply, North America at PVH during the webinar.

Inventory Management 188

Inventory Management Apparel ATS Management 188

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. billion on clothing and fashion apparel (20 %), $2.4 2010, $14.1B. 2015, $18.9B. 2019, $ 20.7B. 2020, $27.4B. billion on fancy dining (34 %), $2.9

Jewelry 40

Jewelry Specialty Store Point of Sale Inventory Management 40

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