Retail TouchPoints

APRIL 22, 2022

Amazon is creating a $1 billion venture investment program, the Amazon Industrial Innovation Fund (AIIF), with the goal of supporting innovation in customer fulfillment, logistics and the supply chain. We know there are companies out there that share our curiosity and excitement to invent.

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Inside Retail

OCTOBER 17, 2023

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

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Retail TouchPoints

AUGUST 19, 2024

By integrating this new system into fulfillment spaces, Ikea’s operations will “run continuously,” the company shared in an announcement. As the technology is rolled out in more fulfillment sites, Ikea will test new features and capabilities. this summer.

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Retail TouchPoints

OCTOBER 3, 2023

By my recollection, the world of flexible fulfillment hit an inflection point about 15 years ago. It was at that point that putting the technology and operations in place to fulfill from an increasingly complex supply chain network embarked upon its next frontier. Let’s start with demand forecasting and inventory deployment.

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Retail TouchPoints

MARCH 18, 2021

At this time last year, declaration of the COVID-19 pandemic sent shockwaves through the grocery industry, which ran flat out to keep up with the unexpected surge in demand. Many in the online grocery industry still operate fulfillment at a very rudimentary technical level.

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Retail Focus

FEBRUARY 4, 2025

For example, when you shop online at Amazon or ASOS, you’ll notice that the recommendations are specific to your browsing and buying behaviour. This helps retailers optimise inventory levels, staffing, and promotions for smoother operations and waste reduction. It also allows retailers to tailor pricing at an individual level.

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Retail TouchPoints

JANUARY 29, 2021

. “With data integrated between Retail Pro Prism and our ecommerce, it is easy to keep track of inventory and to display online whether an item is out of stock or ready to be picked up, resulting in less frazzled associates and happier customers,” said Vo. ”

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Inside Retail

MARCH 21, 2024

When UK and Irish discount book, games and toy retailer The Works set out to improve the accuracy and efficiency of its inventory management across its stores it turned to Zebra Technologies to revolutionise its back-end management system. Customers want immediate fulfilment.

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Retail TouchPoints

FEBRUARY 3, 2021

D Cloud inventory management platform throughout 162 stores, with the objective of increasing accuracy throughout the supply chain. We can now use our stores as mini-DCs and use stock from the shop floor and back-of-house for web order fulfillment as well.”. Scotch & Soda will deploy Nedap’s !D

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Retail TouchPoints

SEPTEMBER 27, 2023

Simon Properties is partnering with Dropit to bring omnichannel inventory management and fulfillment capabilities to its facilities. “Simon’s commitment to shaping the future of retail aligns perfectly with our pursuit of technological innovation,” said Karin Cabili, Founder and CEO of Dropit in a statement.

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Retail TouchPoints

JUNE 28, 2023

Taking steps now to prepare your warehouse for the increase in orders and to ensure fulfillment processes are optimized is essential to make your ecommerce peak season a success. Having adequate inventory to ship is job one for any ecommerce business. Fulfillment operations have become more complex as order size continues to grow.

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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. They trust your business to fulfil their purchases on time and in full – and for returns to be convenient. That ensures you make the correct fulfilment and delivery decisions for every order.

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Retail TouchPoints

DECEMBER 26, 2022

Retailers know that despite high inflation and a volatile economy, consumer expectations are at an all-time high. A simple look at FedEx or UPS rates shows that your profits will take a significant hit if you have to deliver products from a single warehouse. Rise of Omnichannel Fulfillment. Is your inventory going to expand?

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Retail TouchPoints

SEPTEMBER 23, 2022

In internal fulfillment, the business handles the complete process of storing, packing and shipping. The company must have a warehouse to keep its inventory, and a logistics team to manage the goods for storing, ordering and shipping directly to stores/distributors or customers. Each option has its benefits and disadvantages.

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Retail Focus

MARCH 13, 2025

IoT and Smart Inventory Management The Internet of Things (IoT) is revolutionising inventory management. This not only minimises inventory shortages but also prevents overstocking, ensuring optimal product availability. Robotics and Automation in Retail Automation is becoming revolutionary in retail.

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Retail TouchPoints

JANUARY 13, 2023

Lululemon is in the process of rolling out a cloud-based RFID inventory management solution to its 600+ stores globally that will help the retailer optimize its in-store product assortments. Having a fully mobile cloud solution in our stores greatly contributes to this experience.

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Retail Smart Guys

JANUARY 16, 2025

What is Inventory Management, and Why Does It Matter? Inventory management is the process of tracking and optimizing stock levels to meet customer demand while maximizing profitability. Improves Cash Flow : Keeps capital free for growth by investing in inventory that sells. Reduce markdowns and boost profits.

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RETAIL MANAGEMENT SOFTWARE

DECEMBER 2, 2024

Data Analytics: Leveraging big data and analytics tools to gain insights into customer behavior, inventory management, sales forecasting, and marketing strategies. Automation: Using AI-driven tools for inventory management, chatbots for customer service, and automated marketing campaigns to streamline operations.

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Payment Services Inventory Management Management Customer Experience 110

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Tracking your inventory will provide you with the data necessary for these insights.

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I Vend

FEBRUARY 6, 2023

At the same time, we’re seeing increasing stock outs, with 80% * of shoppers saying they saw a decline in stock levels in 2022. This lack of inventory costs retailers an estimated up to 8% of revenue in lost sales. iVend Retail Inventory Management Inventory management drives store efficiency and customer experience.

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Retail TouchPoints

SEPTEMBER 18, 2023

Dharmesh Mehta, VP of Worldwide Selling Partner Services at Amazon , is celebrating his 10th anniversary with the company this year, and so he kicked off the fourth annual Amazon Accelerate conference for sellers by comparing the differences between the ecommerce platform today and 10 years ago.

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Inside Retail

JUNE 27, 2024

This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventory management and pricing at its core. This real-time visibility allows businesses to optimise stock levels, prevent stockouts and fulfil orders efficiently.

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Retail TouchPoints

APRIL 25, 2024

“Innovation and continually enhancing our idyllic shopping atmosphere, along with our collection of the most desirable brands, is what excites Woodbury Common’s shoppers, and we look forward to enhancing our guest service experience with our luxurious VIP Suite,” said Mark Silvestri, President of Development at Simon in a statement.

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Retail TouchPoints

MAY 15, 2023

Today, 76% of the products customers order are fulfilled from facilities within their region, Amazon said, and as a result the company said it expects 2023 will be the fastest year yet for customers in terms of delivery speed.

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Independent Retailer

AUGUST 1, 2022

Having insufficient stock to fulfill demand results in missed sales, causes reputational damage, and sends customers to competitors. Disruption at the early stages goes unseen, and businesses do not feel the consequences until there are empty spaces where products should be. Common Inventory Management Headaches.

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Retail TouchPoints

JULY 15, 2022

For example, during the pandemic’s peak, Build-A-Bear Workshop successfully evolved its brick-and-mortar business to offer more flexible and efficient fulfillment services so it could capitalize on surging ecommerce demand. It was simple and I was able to make my party at the last minute and deliver an awesome gift like I hoped.’”

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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.

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Retail TouchPoints

SEPTEMBER 7, 2021

Second, initial experiments in deploying robots at the front-of-store, working alongside associates and customers, have been mixed at best. Walmart recently ended its program with Bossa Nova Robotics for inventory-scanning robots at its stores, indicating that associates with scanners could handle the same process better.

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Inside Retail

NOVEMBER 23, 2023

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. During the year, Oroton opened stores in Paddington and Mosman in NSW, and at Claremont (WA), along with a pop-up store at Melbourne International Airport.

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Retail TouchPoints

OCTOBER 6, 2023

With the bustling holiday shopping season nearing, many brands have spent the last several months assessing their operational strengths and weaknesses, particularly in logistics and fulfillment. In fact, last peak season, at least 10% of orders were returned each week from November 2022 to mid-January 2023, per Salesforce data, as U.S.

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Inside Retail

SEPTEMBER 20, 2022

So let’s have a look at ‘last mile fulfilment’ and two areas in particular that are delivering significant efficiencies and cost reductions for businesses. Product Information Management (PIM) and automation “deliver immense value for businesses that need to scale and support efficient growth across numerous markets”.

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Retail TouchPoints

JULY 26, 2021

There are plenty of good reasons to sell direct, from higher margins to insulation from future pandemics, but succeeding at DTC requires a different set of skills than the B2B environment you’re used to. A tech stack is the ecosystem of hardware and software platforms needed to manage the DTC order fulfillment process from end to end.

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Retail TouchPoints

JUNE 29, 2021

NewStore’s combined cloud-based POS and order management solution will allow Faherty to bring together customer, order and inventory data into an omnichannel order management system. Our brand is a true labor of love,” said Alex Faherty, Co-founder and CEO of Faherty Brand in a statement. “Our

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Retail TouchPoints

JANUARY 6, 2021

Jon Elder gives credit where it’s due: selling on the Amazon Marketplace and using Fulfillment by Amazon (FBA) services offer brands enormous opportunities. (Of The combination of access to many millions of potential customers and the warehousing, fulfillment and returns services bundled under FBA is a powerful one, according to Elder.

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I Vend

NOVEMBER 6, 2023

With some or all of these increases being due to rising prices, volumes are forecast to increase at a lower rate, or even reduce. After the holiday season – when stores have to manage returns, trying to get items back on the shelves for resale, or returned to suppliers, as efficiently as possible.

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Retail TouchPoints

JULY 12, 2021

The increased volume of single-item orders has pushed them to introduce software tools such as a warehouse management system (WMS) to help satisfy demand while maintaining profitability. Another factor driving the adoption of WMS in ecommerce is the growing trend for retailers to offload online order fulfillment to distribution partners.

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A1 Retail

OCTOBER 11, 2024

The research shows that, when setting KPIs for suppliers, retailers are prioritising time to market (44 percent), fulfilling order quantities (30 percent) and packaging compliance (18 percent). Businesses will be using written labels and paper-based inventory management programmes in warehouses, which are time-intensive and prone to mistakes.

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