Retail TouchPoints

MAY 21, 2024

By examining this network traffic, retailers can gain valuable insights, such as the most frequented areas of a store, the effectiveness of digital signage, the efficiency of store layouts and even the performance of online versus in-store promotions. The potential of network analytics extends far beyond simple foot traffic analysis.

Inventory Management 248

Inventory Management Payment Services Store Layout Promotions 248

Retail TouchPoints

OCTOBER 20, 2022

Collectively, the VUSION suite of services are designed work together to promote agility, sustainability and an improved customer experience.

Inventory Management 255

Inventory Management Promotions Customer Experience Management 255

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 254

Inventory Management Point of Sale Promotions Jewelry 254

Retail TouchPoints

SEPTEMBER 16, 2022

For four generations, we have committed to creating a customer experience as high-quality and timeless as our product assortments,” says Brent Stern, EVP at Rogers & Hollands in a statement. “By BTM Global led the implementation.

Jewelry 256

Jewelry Inventory Management Promotions Customer Experience 256

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 91

Inventory Management Management Inventory Turnover Drop-Shipping 91

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 82

Inventory Management Wholesale Management Markdowns 82

Retail TouchPoints

JANUARY 6, 2023

Consumers are a little more cautious,” said Steve Rogers, Managing Director at Deloitte in an interview with Retail TouchPoints. “ The challenge for retailers is understanding where their customers will be six months from now and positioning their inventories, promotional plans and overall business outlook accordingly.

Payment Services 339

Payment Services Promotions Consumer Inventory Management 339

Retail TouchPoints

AUGUST 27, 2021

It can also double as a convenient way for broadly-focused brands to experiment with homing in on a product area of interest, such as Nordstrom’s recent activewear push coinciding with their agreement with the at-home fitness company Tonal. Winning the Space Race. Space isn’t solely a prized commodity on the sales floor, either.

Inventory Management 274

Inventory Management Department Stores Management Shopping 274

Inside Retail

NOVEMBER 6, 2023

If tasks aren’t completed on time in a prioritised, efficient manner, omnichannel services can run late, customers receive lacklustre service, and employees can become frustrated at their inability to effectively complete their work. Zebra’s Workcloud is split into three solutions, (each formerly branded Reflexis).

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail TouchPoints

MARCH 29, 2021

But simply buying all of those platforms — CDP, POS, Loyalty, Promotions, Ecommerce, package payment terminals, and pricing and inventory management software — doesn’t automatically put retailers on the path to success. Does my data strategy integrate easily with third parties today?

Advertising 293

Advertising Inventory Management Promotions Marketing 293

Retail TouchPoints

NOVEMBER 17, 2022

The company has promoted EVP and Chief Commercial Officer Sean Thompson to the role of President and Chief Commercial Officer, adding marketing and ecommerce roles to his existing responsibilities. Smith brings more than 25 years of supply chain experience to the role, most recently as EVP, Global Supply Chain at Carter’s.

Inventory Management 230

Inventory Management Promotions Marketing Management 230

Retail TouchPoints

JANUARY 18, 2022

“By partnering with RELEX, our corporate demand planners have the ability to improve processes that support our distribution and inventory management strategies,” said Bill Ruggles, Director of Procurement for Sheetz in a statement. RELEX will ultimately help ensure Sheetz customers have what they want, when they want it, 24/7/365.”.

Planning 212

Planning Inventory Management Accounting Promotions 212

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. Smart shelf technology can also interact with customers via smartphones.

ATS 198

ATS Supermarket Promotions Inventory Management 198

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. 1: Demand forecasting. 2: Order cycle time. 4: Return rates.

Fulfillment 283

Fulfillment Returns Shipping Promotions 283

Retail TouchPoints

OCTOBER 16, 2024

According to one Gartner Market Guide : “By 2025, the top 10 global retailers by revenue will leverage contextualized real-time pricing…to manage and adjust in-store prices for customers.” billion in 2024 and grow at a compound annual growth rate (CAGR) of 16.5% through 2028.

Consumer 299

Consumer Retailing Pricing Inventory Management Promotions 299

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 250

Customer Experience Inventory Management Fulfillment Inventory Turnover 250

Retail TouchPoints

SEPTEMBER 22, 2022

This year is all about margin and profitability,” said Rob Garf, VP and GM, Retail at Salesforce in an interview with Retail TouchPoints. “ KPMG has forecast holiday retail growth at a solid but notably more modest 4.2% This change can be attributed to retailers pursuing better inventory management. as an outlier.

Promotions 243

Promotions Fulfillment Inventory Management Drop-Shipping 243

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 265

Markdowns Retailing Pricing Promotions Fulfillment 265

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. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. A true win-win!

Merchant Services 272

Merchant Services Inventory Management Grocer Customer Experience 272

Retail TouchPoints

OCTOBER 14, 2021

Consumers switched brands at a rapid pace during the pandemic, and research from McKinsey indicates that 30% to 40% of consumers are continuing to do so when brands don’t meet their expectations. There’s another advantage to earlier-than-usual holiday promotions. Early Birds Get the Products.

Marketing 290

Marketing Promotions Consumer Customer Experience 290

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 240

Payment Services Checkout Inventory Management Customer Experience 240

Inside Retail

FEBRUARY 8, 2024

per cent at the end of FY23. Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail Minded

AUGUST 1, 2024

Regardless, the importance of inventory management remains the same. We will examine some of the latest technologies, such as barcoding, RFID, and inventory management software. Not only will this provide a seamless customer experience, but it will also make inventory management a lot easier.

Inventory Management 59

Inventory Management Management Markdowns Promotions 59

Retail TouchPoints

DECEMBER 13, 2024

The retail industry in particular has largely embraced these 2D barcodes to elevate shopping experiences, using the technology to access everything from contactless payments and product content to price comparisons and personalized promotions. Recent flaws at retail giants reveal a lack of a comprehensive implementation strategy.

Payment Services 234

Payment Services Customer Experience Inventory Management Promotions 234

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

MAY 31, 2022

5G is really three things — speed , latency and massive connectivity ,” said Michael Colaneri, a 30-year AT&T veteran who now leads the telecom’s retail business vertical. Here are five places where 5G-enabled experiences/solutions are either being tested or have already been deployed at retail. What is 5G, Really?

Merchant Services 352

Merchant Services Checkout Shrinkage ATS 352

Inside Retail

SEPTEMBER 3, 2024

In this article, we will look at the benefits and the key areas to apply AI in the retail industry. 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.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

DECEMBER 25, 2023

in its fiscal year 2023 (ending in September) versus 2022…which may come as no surprise to you at all if you’ve been in a Costco on a Saturday lately. Better inventory management means better business operations, period. Manage your inventory exceptionally well. Costco grew revenue by 6.7% and net income by 7.7%

Customer Experience 237

Customer Experience Dead-Stock Store Layout Point of Sale 237

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 246

Inventory Management Telecommunications Location Marketing 246

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.

Loss Prevention 304

Loss Prevention Planning Customer Experience Inventory Management 304

Retail TouchPoints

JULY 14, 2021

To fully understand current practices, challenges and opportunities, CI&T conducted qualitative interviews and quantitative surveys with 115 executives at big-box retailers and CPG suppliers. Suppliers reported looking at sales data year-over-year, whereas retailers were doing so month-to-month. “If

Inventory Management 261

Inventory Management Grocer Consumer Planning 261

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. However, there are other dynamics at play that will impact seasonal results.

Merchant Services 256

Merchant Services Payment Services Promotions Location 256

Retail TouchPoints

SEPTEMBER 7, 2022

Added to that, even on a single device and rate plan sale, the retailer might be tracking upwards of five different subsidy types, depending on promotions at that time. Keeping inventory management separate. Managing store-within-a-store staff.

Kiosk 250

Kiosk Inventory Management Management Accounting 250

Retail TouchPoints

MAY 17, 2024

For example, loyal individuals who don’t have a high return rate can be rewarded with discounts and promotions to encourage them to continue on this path. Inventory optimization. Another way AI can assist is with inventory management solutions, with it recommending the most efficient way to manage a return.

Returns 261

Returns Fulfillment Inventory Management Apparel 261

Retail TouchPoints

AUGUST 17, 2021

Over the last year or so we’ve seen retailers and ecommerce sellers adopting AI tools at a frenetic pace. From backend inventory optimization to identifying salesfloor hotspots to highly targeted marketing programs, we’re seeing an influx of great retailing practices, all being driven by AI. Practical Benefits of AI in Grocery.

Checkout 301

Checkout Payment Services Customer Experience Inventory Management 301

Retail TouchPoints

JANUARY 6, 2021

The beauty is that the seller can capture customers’ personal information and email address, which means they can start doing newsletters and sending promotions about a sale or a new product launch. If I order, for example, 100 radios from the factory and ship them to Los Angeles, they get checked in at Amazon’s warehouse.

Fulfillment 284

Fulfillment Shipping Inventory Management Returns 284

Retail TouchPoints

JANUARY 20, 2022

The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We Amazon Style could be a first foray in the department store realm where the company could expand to other untouched categories at brick-and-mortar, such as homewares. There will be humans working the store too.

Payment Services 235

Payment Services Apparel Inventory Management Department Stores 235