Retail TouchPoints

JANUARY 28, 2022

“Sam’s Club is hyper focused on making sure our members have a seamless shopping experience, so any time-saving innovation we can implement is significant,” said Todd Garner, VP of In Club Product Management at Sam’s Club in a statement. “By

Inventory Management 259

Inventory Management Management Location Shopping 259

Independent Retailer

DECEMBER 23, 2022

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . billion of inventory in October, a 21% increase from last year, according to the U.S. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories.

Inventory Management 78

Inventory Management Wholesale Management Markdowns 78

Independent Retailer

AUGUST 1, 2022

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy.

Inventory Management 70

Inventory Management Management Inventory Turnover Supply Chain Management 70

Retail TouchPoints

JULY 13, 2020

Inventory management starts — and only starts — with a warehouse management system (WMS). In practice, most out-of-box WMSs are not capable of managing the volume and complexity of workloads required in today’s retail environment. Valentyn Kropov is VP of Client Success at SoftServe , specializing in the retail industry.

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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.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

DMS Retail

OCTOBER 1, 2021

In this new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Assortment Planning. What is Assortment Planning?,

Inventory Management 59

Inventory Management Management Space Planning Planning 59

DMS Retail

AUGUST 5, 2021

In this brand new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Assortment Planning. What is Assortment Planning?,

Inventory Management 59

Inventory Management Management Space Planning Planning 59

Retail TouchPoints

JANUARY 18, 2022

Sheetz , a convenience store chain with 630 stores across six states, has chosen the RELEX Solutions unified retail planning solution. Sheetz had sought technology that could support demand planning across its supply chain network within a single system.

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Planning Inventory Management Accounting Promotions 208

Retail Smart Guys

OCTOBER 18, 2022

Every retailer aims to have solid inventory planning. Finding the right balance is possible with an open-to-buy plan (OTB). billion due to inventory imbalance. Hence, it is vital to deal with inventory management dilemmas by utilizing an open-to-buy plan to keep a positive business cash flow.

Inventory Management 52

Inventory Management Management Planning Location 52

Retalon

AUGUST 14, 2023

Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way. Furniture inventory management software offers a smarter solution.

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Inventory Management Management Dead-Stock Inventory Turnover 41

Retail TouchPoints

JUNE 10, 2022

Dollar General already has self-checkout kiosks in 8,000 of its 18,000 stores and plans to increase that number to 11,000 by the end of this year. Now, Owens said the company also plans to begin testing a 100% self-checkout store format across 200 locations this year.

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Checkout Location Kiosk ATS 270

Retail TouchPoints

JANUARY 11, 2022

The company offers 30-minute delivery and 5-minute pickup at all 16 current brick-and-mortar locations, which are located in the Chicago, Dallas and Washington, D.C. The retailer also is expanding its selection of private label goods, with 200 new SKUs set to launch over the next year.

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Planning Inventory Management Location Marketing 249

Retail TouchPoints

JANUARY 15, 2024

Artificial intelligence dominated headlines and water cooler conversations in 2023, and 2024 is looking to be no different (if the conversations and showcases at CES and NRF’s Big Show are any indication). But many of these tasks may just represent the low-hanging AI fruit.

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Loss Prevention Planning Customer Experience Inventory Management 303

Retail TouchPoints

SEPTEMBER 1, 2023

New inventory management systems, among other tools, will support more accurate decision-making and efficiency, so the retailer can cater to customers’ unique needs. It’s all about getting the right product to the right customers at the right time,” Rosen said. Merchandising and supply chain optimization.

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Planning Merchant Services Inventory Management Consumer 222

Retail TouchPoints

MARCH 16, 2023

The retailer plans to utilize the AI-powered solution to provide greater visibility into club conditions and drive deeper business insights. We are excited to collaborate with Simbe to bring their industry-leading technology and platform to our clubs,” said Jeff Desroches, EVP, Chief Operations Officer at BJ’s Wholesale Club in a statement.

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Wholesale Location ATS Inventory Management 267

Retail TouchPoints

JANUARY 30, 2023

As such, the store itself features a “completely reimagined” layout and inventory management system developed to enable “accurate and affordable grocery pickup in minutes.” “The 100-year-old grocery business is not immune to disruption,” said Matt Christensen, CEO and Managing Partner at Rose Park Advisors in a statement.

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Grocer Planning Supermarket Inventory Management 307

Retail TouchPoints

JULY 11, 2022

J.Crew and its sister company Madewell have both implemented a new integrated inventory planning solution that allows the retailers to increase efficiency when creating new products and tap into comprehensive data insights to inform assortment and merchandising decisions.

Planning 247

Planning Merchant Services Management Consumer 247

Retail TouchPoints

FEBRUARY 15, 2024

“We are excited about the partnership with Parker Avery as their approach perfectly aligns with our business strategy,” said Joel Carbaugh, Senior Director of Pricing and Business Analytics at Party City in a statement. Party City officially emerged from bankruptcy in October 2023 with most of its 800 -store fleet intact.

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Retail TouchPoints

OCTOBER 25, 2023

Part of that transformation has included the implementation of supply chain solution TradeBeyond , which is helping Party City improve efficiencies across inventory management , end-to-end merchandising and vendor compliance. Party City plans to roll out additional capabilities over the coming months.

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Inventory Management Management Planning ATS 247

Retail TouchPoints

APRIL 25, 2024

Mall operator Simon revealed big plans to expand its Woodbury Common Premium Outlet center in Fall 2023, including the addition of 155,000 square feet of retail stores and restaurants, a 200 -key luxury hotel, a second parking facility and upgraded amenities. powered AI technology to assist shoppers during the 2023 holiday season.

Inventory Management 238

Inventory Management Customer Experience Fulfillment Shopping 238

Retail TouchPoints

JULY 29, 2020

With a new retail management solution in place, Burton will now be able to: Deploy mobile POS (mPOS) devices in its stores; Provide store associates with improved visibility into customer, product and inventory data ; and Gain a unified view of its e-Commerce and brick-and-mortar operations at both the store and headquarters levels.

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Planning Wholesale Customer Experience Store Operations 269

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. In retail, some of the promising applications include demand planning and forecasting, as well as store layout optimisation, all of which drive growth.

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Inventory Management Fulfillment Store Layout Specialty Retailers 260

Retail TouchPoints

NOVEMBER 30, 2022

The solution sets up a unified supply chain data lake using AWS Supply Chain’s built-in connectors, which use pre-trained machine learning models to understand, extract and aggregate data from ERP and supply chain management systems. AWS Supply Chain’s visual map then made it easy to see product-level inventory movement in real time.

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Retail TouchPoints

JUNE 28, 2023

Having adequate inventory to ship is job one for any ecommerce business. Knowing how much of each item is in stock at any moment, and forecasting how much inventory is needed, are critical components to holiday fulfillment success. Another basic planning tenet is ensuring ample supplies are ordered for peak season.

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Fulfillment Shipping Inventory Management Planning 238

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.

Inventory Management 262

Inventory Management Fulfillment Planning Management 262

Inside Retail

SEPTEMBER 21, 2021

Out of the roughly 2 million active sellers on Amazon marketplaces worldwide, Forbes reported that over 30,000 in the US alone are making at least $1 million in sales a year. Thrasio, which this year was valued at over US$4 billion, owns more than 100 e-commerce brands. Targeting 100 brands. Fours levers to grow revenue.

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Planning Inventory Management Outdoor Finance 246

365 Retail

SEPTEMBER 16, 2024

Smart financial planning is essential to navigating these challenges effectively, ensuring smooth operations, and ultimately driving growth. This guide provides actionable strategies to streamline retail operations by setting clear financial priorities, managing cash flow, and optimising resources.

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Payment Services Planning Inventory Management Management 52

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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Customer Experience Inventory Management Fulfillment Inventory Turnover 247

Retail TouchPoints

AUGUST 12, 2022

Weis Markets will streamline operations at its 198 stores through a partnership with Invafresh. The fresh grocery platform will assist with demand forecasting, in-store production planning, food traceability, recipe management and cut test management across all fresh departments.

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Store Operations Marketing Inventory Management Grocer 190

Retail TouchPoints

SEPTEMBER 13, 2024

That’s one reason why customers value seamless omnichannel experiences, such as mobile apps that are connected to inventory management software to enable searching for stocked products at local storefronts, or scanning mobile QR codes for loyalty programs and coupons. Shoppers also highly value convenience.

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Payment Services Checkout Inventory Management Kiosk 238

Retail Smart Guys

NOVEMBER 3, 2023

Timing is Everything: When to Begin Inventory Planning Inventory planning is the backbone of successful retail operations. It’s the art and science of ensuring that your store has the right products in the right quantities at the right time. When it comes to seasonal goods, you need to think well in advance.

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Planning Inventory Management Promotions Shipping 52

Retail TouchPoints

JUNE 29, 2021

DTC retailer Faherty Brand is implementing the NewStore Omnichannel Platform to unify its digital and physical retail operations as the company plans to expand its brick-and-mortar footprint across the U.S. 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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Clienteling Inventory Management Checkout Fulfillment 158

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA). Recent Posts.

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Inventory Management Management Markdowns Planning 40

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. For example, if a customer does a product return at the register, and then [the product] gets reintroduced into inventory — all those steps are built into the process now.

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Inventory Management Point of Sale Promotions Jewelry 252

Inside Retail

FEBRUARY 8, 2024

per cent at the end of FY23. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Over the last five years as CEO, King has been enacting his ‘customer-first plan’ which has re-established Myer as Australia’s 8th most trusted brand, according to Roy Morgan.

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Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

FEBRUARY 22, 2021

Macellum Advisors GP , Ancora Holdings , Legion Partners Asset Management and 4010 Capital, together with their respective affiliates, are pushing the plan. The firms want the proposed new directors to push its turnaround plan. Their goal is to shake up the board and alter the company’s current trajectory.

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Inventory Management ATS Management Planning 178

Retail TouchPoints

OCTOBER 4, 2024

During the Retail Strategy & Planning Series webinar, “Returnuary: The New Make-or-Break for Holiday Success?” If you don’t have the receipt, the retailer doesn’t know when you purchased it, and most of the time, it just refunds you at the current tax rate, which is typically higher than when it was purchased,” he said. “So

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Returns Inventory Management Consumer Management 236