Retalon

AUGUST 14, 2023

Furniture inventory management software offers a smarter solution. It provides real-time visibility into your inventory movements across the supply chain. This article explores how furniture inventory management software can unlock new levels of efficiency and competitiveness for modern retailers.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Retail TouchPoints

AUGUST 5, 2024

We’re talking to a consumer that will drive the next 10 years of our business, so at the least they would expect mobile technology [in our stores],” said Hewitt. Additionally, Jumpmind built an inventory management tool into the POS, so we can transfer product, receive product and do cycle counts — it’s all baked in now.”

Inventory Management 261

Inventory Management Point of Sale Promotions Jewelry 261

Inside Retail

NOVEMBER 27, 2023

This is not just a transient trend but a robust response to the changing consumer, who now craves the tactile satisfaction of in-store shopping along with the personalisation and convenience of online commerce. Today’s consumers might browse products online and then feel, try and buy them in physical stores.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

Wiser

OCTOBER 29, 2024

For today’s consumers, price and availability aren’t just practical considerations, they are foundational elements of trust. However, our recent surveys highlight that many brands and retailers are still grappling with discrepancies and stock issues, which can erode consumer confidence and loyalty.

Management 78

Management Inventory Management Consumer Promotions 78

Retail TouchPoints

JANUARY 6, 2023

consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns to subside even as economic stressors abate, according to Deloitte’s Global State of the Consumer Tracker. Promotions can be Effective in this ‘Deal-Seeking’ Environment.

Payment Services 356

Payment Services Promotions Consumer Inventory Management 356

Retail TouchPoints

NOVEMBER 17, 2023

The letdown customers experience when their orders don’t arrive on time, or at all, results in uncertainty and distrust that’s difficult — if not impossible — to remedy. In manufacturing, product substitution can be a valuable tool for optimizing inventory management.

Customer Experience 260

Customer Experience Inventory Management Fulfillment Inventory Turnover 260

Retail Focus

SEPTEMBER 14, 2024

This article delves into the foundational elements of retail merchandising, exploring its importance and impact on consumer behavior and store profitability. Essentially, retail merchandising is about strategically positioning products to sway consumer buying decisions. What is Retail Merchandising ?

Fashion 130

Fashion Visual Merchandising Store Layout Inventory Management 130

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. 2: Order cycle time. 4: Return rates.

Fulfillment 302

Fulfillment Returns Shipping Promotions 302

Retail TouchPoints

JUNE 26, 2023

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. Consumers want more information about the products they buy, and retailers want more visibility into the products their customers buy. Who doesn’t want that?

Merchant Services 274

Merchant Services Inventory Management Grocer Customer Experience 274

Retail TouchPoints

MAY 17, 2024

However, with consumer sentiment low and economic concerns still front of mind, this approach could backfire. With the constant pressure on revenue and profitability, retailers need to rethink their returns strategies to protect their margins while providing a frictionless experience for consumers. Inventory optimization.

Returns 272

Returns Fulfillment Inventory Management Apparel 272

Retail Gazette

FEBRUARY 22, 2024

According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online. AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. research found that 74% of marketers spend one-third or more of their budgets on social advertising. Listen to the session on demand.

Consumer 153

Consumer Payment Services Fulfillment Advertising 153

Retail TouchPoints

JULY 17, 2023

According to Grand View Research , the global IoT retail market was valued at $42.38 billion in 2022 and is expected to grow at a CAGR of 28.4% Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. from 2023 to 2030.

Payment Services 246

Payment Services Checkout Inventory Management Customer Experience 246

Inside Retail

FEBRUARY 8, 2024

per cent at the end of FY23. It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers. Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

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). McNamara spotlighted a surge in promotional activities in July 2022 that marked the official kickoff of the back-to-school season.

Merchant Services 277

Merchant Services Payment Services Promotions Location 277

Wiser

DECEMBER 4, 2023

The Role of Retail Partners Retail partners serve as vital extensions of a brand manufacturer’s business, significantly amplifying its reach and exposure to consumers. Without thorough monitoring, variations in product pricing, presentation, and promotional activities can occur, leading to a disjointed brand image.

Inventory Management 146

Inventory Management Promotions Visual Merchandising Management 146

Inside Retail

SEPTEMBER 4, 2023

The barcode was initially developed to improve the checkout experience and inventory management in the grocery sector and it is now used in almost every industry and sector. In the pharmaceutical industry, the barcode is used to prevent medication errors and ensure that patients receive the right medication at the right time.

Checkout 246

Checkout Inventory Management Promotions Point of Sale 246

Retail TouchPoints

JULY 3, 2020

Digital Signage: Digital signs are gaining traction indoors these days, and serve as a form of in-store digital marketing for grocers, allowing them to showcase promotions, highlight new products, or provide cooking inspiration for seasonal or unusual ingredients. consumers are open to sharing data in exchange for something they value.

ATS 200

ATS Supermarket Promotions Inventory Management 200

Mass Relators

MAY 22, 2023

And it’s all about the base — a radically different consumer base, that is. Consumers who throw convention by the wayside, they’re delaying marriage, home ownership and children, and embracing work-from-home. At every meeting, every trade show, AI inevitably comes up. Take revenue growth management (RGM) to the next level.

Consumer 52

Consumer Inventory Management Fulfillment Advertising 52

Clover - Retail

OCTOBER 10, 2024

To avoid burnout, try proactively managing your stress and energy. To help you manage your energy over the long shopping season, delegate to other team members early and add automation tools–like Clover inventory management and other apps from the Clover App Market –like Order Paper –to keep things running smoothly.

Merchant Services 110

Merchant Services Promotions Inventory Management Payment Services 110

Inside Retail

FEBRUARY 18, 2024

Here is a glimpse at the top priorities of the leaders of some of the country’s biggest retailers in the year ahead. Angus McKay, CEO & managing director, 7-Eleven KPMG: What do you see as the greatest challenge to Australian retail in the year ahead? Retail has always needed to adapt to the evolving needs of consumers.

Customer Experience 263

Customer Experience Inventory Management Consumer Promotions 263

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Storis

SEPTEMBER 19, 2024

This agility ensures that your pricing remains competitive at all times, maximizing both revenue and customer satisfaction. Gone are the days of labor-intensive manual price changes that consume valuable time and resources. Digital price tags streamline the process by enabling instant price changes across your entire inventory.

Inventory Management 52

Inventory Management Promotions Management Consumer 52

Retail TouchPoints

MAY 15, 2023

Consumers are enjoying the benefits of a hands-free, voice-activated application to help cook a recipe or shop online. Secondly, brands are lagging vis-à-vis serving “conversational consumers.” Brands must anticipate prompts from consumers and respond in various ways, which are then coded in on the back end.

Marketing 237

Marketing Inventory Management Consumer Shopping 237

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 279

Shopping Consumer Planning Inventory Management 279

Retail TouchPoints

MARCH 15, 2024

It can constantly and immediately change the way it is arranged to beat other shelves at capturing the customer’s attention. What you are optimizing are essentially two things: How the users find your products What they see when looking at them. While customers come to browse the physical shelf, your digital shelf goes to the customer.

Inventory Management 259

Inventory Management Telecommunications Location Marketing 259

Inside Retail

FEBRUARY 26, 2024

There are several economic factors playing havoc with consumers and business operations that are likely to persist into 2024. Consumer sentiment remains low as households stagger under higher costs of living and interest rates. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

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 273

Store Operations Shipping Fulfillment Store Layout 273

Retail TouchPoints

MARCH 29, 2021

Ecommerce first promised consumers convenience, but in the last decade it has also brought increasing value to market by combining its transactional data with shopper journey data — offering manufacturers near-real-time metrics on campaign performance. The collection, preparation and use of data in retail is a “core business.”

Advertising 293

Advertising Inventory Management Promotions Marketing 293

Retail Focus

JULY 3, 2024

Expert Manager at Univers Retail | Published author | Visiting lecturer. 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. Ghalia BOUSTANI.

Consumer 162

Consumer Promotions Shopping Store Layout 162

I Vend

OCTOBER 16, 2023

As discretionary spend decreases in inverse proportion to cost of living increases, and consumers think more carefully about where they spend, retailers have to get really smart about strategies to win and retain their share of the market. iVend helps retailers iVend helps retailers to capture and analyse customer data.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Wiser

JUNE 13, 2024

If your product isn’t easily found by consumers, it might as well not exist. The Domino Effect of Poor Visibility Imagine a scenario where a consumer needs a specific product, say a pair of running shoes. Studies show that the vast majority of consumers don’t look past the first page of search results.

Inventory Management 78

Inventory Management Supply Chain Management Advertising Promotions 78

Retail TouchPoints

FEBRUARY 7, 2024

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management. But we do,” said Partap Sandhu, Head of Pricing at Rema 1000 during a session at NRF.

Point of Sale 277

Point of Sale Promotions Inventory Management Grocer 277

Retail TouchPoints

JULY 14, 2021

The extreme, rapid shifts in consumer behavior during the pandemic reaffirmed several underlying issues with retailer and CPG brand collaboration. But now, as many retailers and brands strive to understand and respond to ever-changing consumer needs, there is a prime opportunity to make improvements. Cleaning products.

Inventory Management 261

Inventory Management Grocer Consumer Planning 261

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

NOVEMBER 18, 2021

Consumer expectations of retailers have been transformed by their experiences buying from Amazon and other innovative retailers that are able to provide fast, efficient omnichannel experiences. Last year, COVID-19 lockdowns that restricted shopping at brick-and-mortar stores sent shoppers online. Holiday shopping season is upon us.

Supply Chain Management 260

Supply Chain Management Fulfillment Shipping Inventory Management 260