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Understanding how your shops perform in terms of inventory and ROI is essential to the success of any multi-store operation. What if we told you that you could successfully manage all of your stores’ inventory and ROI with one intuitive inventorymanagement system?
Shopper engagement Chatbots and in-store kiosks: These provide instant assistance to your shoppers seeking information, especially when it comes to those common, easy-to-answer questions. Inventorymanagement Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts.
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 inventorymanagement practices are up to par.
IR : How is the growing popularity of brands like On and Soar shaping your approach to product curation and inventorymanagement? IR: How do you adapt your storelayouts, product offerings, or marketing strategies for each new market?
AI-powered inventorymanagement 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 inventorymanagement and demand forecasting. It enables users to try on clothes virtually.
The limited duration and space of pop-up stores also promote focused inventorymanagement. Additionally, pop-up stores provide an excellent opportunity to experiment with sustainable design and materials. However, embracing sustainable design principles can also present opportunities for innovation and creativity.
Multinational athletic apparel retailer Lululemon recently announced its net revenue increased 20% (on a constant dollar basis) to $2.2 Comparable store sales increased 9%, and the company’s gross margin increased to 58.8%. Better inventorymanagement means better business operations, period.
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