Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. This means you can get the most out of each product you are selling.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

MARCH 18, 2021

Shoppers across demographics now routinely order their groceries online just as they already did their books, electronics, and apparel. Online grocery’s previously lethargic rate of adoption meant that grocers lagged other retail sectors in multichannel merchandising systems, customer data management and fulfillment technology.

Fulfillment 246

Fulfillment Grocer Inventory Management Customer Experience 246

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

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

Retail TouchPoints

MAY 30, 2023

Study the calendar and look to the skies: Because different regions start their school year at different times, retailers will need to carefully time promotions and ensure products are available in the appropriate regions and stores. Promoting early and often is a major theme for BTS,” said Ellin.

Shopping 294

Shopping Consumer Planning Inventory Management 294

I Vend

APRIL 2, 2025

They expect to be able to earn and redeem loyalty points in the same way regardless of how they shop and receive promotions that apply online and in the brick and mortar store. This seamless integration of online and in-store shopping is known as omnichannel and its a part of any strong retail management solution.

Management 52

Management Payment Services Inventory Management Point of Sale 52

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. Act small: Upgrade the unboxing experience.

Management 264

Management Marketing Customer Experience Inventory Management 264

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

NOVEMBER 27, 2023

AI-powered inventory management and demand forecasting Harnessing the power of artificial intelligence (AI) and machine learning (ML) has become an operational reality for retailer s, especially in the realm of inventory management and demand forecasting. It enables users to try on clothes virtually.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

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. Use your customer data to tailor your back-to-school promotions and recommendations. These strategies set you apart in a competitive market.

Inventory Management 94

Inventory Management Promotions Payment Services Returns 94

Retail Focus

JULY 3, 2024

True luxury is characterised by durability and timeless design, often incorporating practices such as recycling materials, providing repair services, and promoting the resale of second-hand luxury goods. The limited duration and space of pop-up stores also promote focused inventory management.

Consumer 162

Consumer Promotions Shopping Store Layout 162

Retail Times

MARCH 30, 2021

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Not ready for a full retail management solution? Consider creating an inventory management system in Excel. Integrate your platforms. Conduct regular stock counts. Further Reading.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Inside Retail

FEBRUARY 26, 2024

From March 6 to April 20, the fashion label will open the Paul Smith Clubhouse at Nordstrom’s New York City flagship, a retail takeover that will include cocktails and bites in addition to apparel. Everything from hiring staff to ensuring inventory management is trialed and the ideal staff-to-customer engagement is tested.

Retail Trends 130

Retail Trends Department Stores Fashion Inventory Management 130

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

You may want to consider creating a hashtag for people who want to tweet their latest photos or hire a social media influencer to promote your brands, customer stories, catalogs, new arrivals, etc. Inventory management and customized customer information will also benefit from these data-driven solutions.

Retail Trends 111

Retail Trends Consumer Payment Services Fulfillment 111

Wiser

FEBRUARY 29, 2024

These operational hurdles not only impact revenue streams but also affect customer satisfaction levels, highlighting the importance of streamlined inventory management practices. By promoting these private labels, retailers can strengthen customer loyalty and increase profit margins.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

RETAIL MANAGEMENT SOFTWARE

APRIL 10, 2024

What is Wholesale Management Software? Wholesale Management Software is a comprehensive tool designed to optimize various aspects of wholesale operations, including inventory management, order processing, invoicing, customer management, and more. Some key features typically found in such software include: 1.

Wholesale 52

Wholesale Management Inventory Management Inventory Turnover 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 27, 2024

These solutions leverage advanced algorithms and techniques to extract actionable insights from vast datasets, enabling retailers to optimize various aspects of their business, including sales, marketing, inventory management, and customer engagement. What is Retail Analytics Software?

Inventory Management 52

Inventory Management Management Customer Experience Marketing 52

I Vend

JULY 16, 2024

One of the best examples of this is in inventory management. In 2024, the seamless amalgamation of the digital and physical elements of retailing are coming together more than ever, enabled by retail management systems. This in turn enables automation of re-ordering, based on reaching a trigger level of stock.

Payment Services 52

Payment Services Thrift Store Point of Sale Inventory Management 52

Independent Retailer

DECEMBER 9, 2022

Search for the products on social media platforms , as well, so you can see if any influencers are promoting them or similar items and get a taste of just how popular the merchandise is. . Other popular categories on the B2B directory include Apparel, Dropshippers, Electronics, Health & Beauty, Jewelry, Smoking Products, and more.

Payment Services 98

Payment Services Fulfillment Wholesale Shipping 98

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

Retalon

SEPTEMBER 11, 2020

Fashion and apparel retailers are also dealing with distribution of sizes, colors, and styles, all of which are complicated further by shifting seasonality. Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

SEPTEMBER 1, 2020

Without historical data to draw upon, how do you predict the best way to allocate them to stores, pricing, promotional demand, and balance online versus in-store sales? Guess wrong and you will run out of inventory, have too much inventory, or have the right inventory in the wrong place. – all costly mistakes.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

JULY 15, 2019

Some shocking examples of overstock include Swedish apparel giant H&M , which reportedly amassed $4 billion worth of unsold clothing as of June 2018. Failed retail promotions. Retailers typically run thousands of promotions every year. Promotional Cannibalization). Know the ROI before you buy!

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

FEBRUARY 21, 2025

Penney representative stated: JCPenneys core customer cannot afford to pay an additional 25% tax on apparel, footwear and household goods Increasing taxes on hundreds of basic clothing items and home goods will hurt all moms who dont have inexhaustible disposable income. Trade Representative to oppose these tariffs. Yes, its possible.

Markdowns 41

Markdowns Planning Inventory Management Drop-Shipping 41

365 Retail

SEPTEMBER 1, 2024

Big Data Optimising Inventory Management Any retail establishment depends on good inventory control. Big data offers the insights required to maximise inventory levels and guarantee that the correct products are always on hand.

Target Market 52

Target Market Consumer Advertising Returns 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 19, 2024

Compliance and Risk Management: Retail budgeting software often includes features that help businesses adhere to financial regulations and industry standards. It also aids in identifying and mitigating financial risks, promoting a secure and compliant financial environment.

Finance 52

Finance Accounting Management Planning 52

Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. When you change the promotion, the system should know about your inventory level. Bob Johns: Interesting. So how can we account for all these factors?

Markdowns 32

Markdowns Promotions Planning Accounting 32

Retalon

AUGUST 22, 2023

How to Calculate GMROI = (Annual Gross Margin ÷ Average Inventory) x 100 To break this down: Gross Margin = Total Revenue – Cost of Goods Sold Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Benchmarks GMROI can vary widely depending on the retail sector: Overall, a GMROI of 2.0+ Anything under 1.0

Customer Retention 41

Customer Retention Returns Payment Services Promotions 41

I Love Fashion

JANUARY 19, 2023

Tasha Apparel Review The first one is a US-based largest clothing wholesale supplier for boutiques. Pros Cons Offers top-notch customer service Allows vendors to promote & sell products Permits retailers to access numerous showrooms Lengthy verification process 3. For example, inventory management tools.

Wholesale 40

Wholesale Merchant Services Fashion Payment Services 40

Retalon

DECEMBER 8, 2021

Many cope by using generalized approaches for allocation like category-level inventory management. At one end of the spectrum, fulfillment houses will take care of logistics by storing your inventory and shipping products to customers. Fulfillment models that work for apparel may not work as well for appliances.

Fulfillment 41

Fulfillment Merchant Services Drop-Shipping Shipping 41

Retail Geek

NOVEMBER 9, 2023

The same time period every year right like I’m by no means proposing that everyone should change periods but it is interesting there’s there’s a lot more promotional activity. Active apparel active Footwear Health and Beauty being really strong so.

Beauty and Health 64

Beauty and Health Returns Consumer Apparel 64

Retail TouchPoints

DECEMBER 25, 2023

Multinational athletic apparel retailer Lululemon recently announced its net revenue increased 20% (on a constant dollar basis) to $2.2 Better inventory management means better business operations, period. Manage your inventory exceptionally well. People have been saying “Retail is dead” for several years now.

Customer Experience 282

Customer Experience Dead-Stock Store Layout Point of Sale 282

Inside Retail

FEBRUARY 23, 2023

Our efforts in Singapore will help to inform our strategies in the APAC market around diversifying the business across geographies, apparel categories and distribution channels,” Huisamen explained. Leveraging data and AI has also played a role in optimising promotions and improving inventory management.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail Geek

JANUARY 20, 2023

Yes Shein exceeds $30B in annual sales, disrupting apparel industry Yes Adoption of BNPL services slows down to less than 15% CAGR in 2022. The AI for inventory management is super interesting like these models that are doing demand forecasting that are doing kind of.

Social Commerce 52

Social Commerce Fulfillment Drop-Shipping ATS 52

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retail Geek

SEPTEMBER 27, 2022

Scot: [5:04] And then so then that was your primary thing so then you did you guys realize that you needed to build you look at all the software for shipping and inventory management and build your own and then you, tell the story of that. Matt: [4:59] Yeah it was a it was a lot of fun so.

Merchant Services 52

Merchant Services Checkout Payment Services Drop-Shipping 52

Inside Retail

MARCH 18, 2025

Once youve learned about the six overarching retail technology trends here,dive into Centric Softwares latest e-book, 2025 Global Retail Tech Trends ,to get more granular about whats driving the future of forecasting and replenishment, assortment management and pricing and promotions optimisation trends (and even, what you can do about it).

Social Commerce 130

Social Commerce Inventory Management Consumer Apparel 130