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.

Inventory Management 163

Inventory Management Markdowns Checkout Customer Experience 163

Retail Focus

FEBRUARY 6, 2025

Features like booking an in-store pickup online or returning online purchases in person are now viewed less as perks and more as baseline expectations. Cross-Channel Returns and Exchanges Returns and exchanges can be a significant sticking point, particularly when orders are made through one channel and returned through another.

Payment Services 148

Payment Services Returns Technical Support Promotions 148

Retail Focus

MARCH 13, 2025

These technologies not only enhance convenience but also reduce returns by helping shoppers make more informed decisions. IoT and Smart Inventory Management The Internet of Things (IoT) is revolutionising inventory management.

Payment Services 147

Payment Services Checkout Inventory Management Kiosk 147

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.

Inventory Management 98

Inventory Management Management Shrinkage Returns 98

Retail TouchPoints

JANUARY 30, 2025

As we move into 2025 and reflect on the learnings of the 2024 holiday season, customer loyalty and the risks of losing it are at the top of every business leader’s mind. Because AI is at the forefront, and technology lifecycles are shrinking. Theres another related issue at play here: fear. But the flip side?

Customer Experience 256

Customer Experience Inventory Management Marketing Returns 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 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Inside Retail

NOVEMBER 14, 2024

Research shows that a lousy customer experience will deter 76 per cent of customers from returning to shop on your platform. 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.

Fulfillment 130

Fulfillment Returns Customer Experience Management 130

Retail TouchPoints

NOVEMBER 22, 2022

The NYC-headquartered Fillogic will support the retailer through ecommerce and store-based fulfillment, reverse logistics and returns, forward-staging of inventory and final-mile delivery. The space will allow the retailer to stage inventory, satisfy merchandise pickup and delivery and fulfill store-based and ecommerce orders.

Fulfillment 288

Fulfillment Payment Services Inventory Management Department Stores 288

Retail TouchPoints

FEBRUARY 24, 2022

Fabric’s funding to date now totals $293 million and puts fabric at a $1.5 In ecommerce only five things really, truly matter: the item and providing as much detail as possible; price; inventory management; order management; and finally, the customer. billion valuation. trillion by 2027.

ATS 264

ATS Inventory Management Management Returns 264

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 98

Inventory Management Wholesale Management Markdowns 98

Independent Retailer

AUGUST 1, 2022

Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy. 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.

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

Retail TouchPoints

MARCH 11, 2021

retail executives whose stores offered at least one method of store-based online order fulfillment — revealed that the pandemic triggered a 5X increase in ecommerce volume in 2020 compared to the same period in 2019. . A frictionless return experience is critical. The survey found that returning an item ranked as the No.

Fulfillment 321

Fulfillment Inventory Management Returns Point of Sale 321

Retail TouchPoints

AUGUST 17, 2022

Looking at all the stats, frankly one might even say quite the opposite. at the peak of the pandemic. at the peak of the pandemic. Add the increasing CPC costs at all sorts of paid advertisement channels and harsher competition to that, and you get a not-so-rosy outlook for the market altogether. Incident management. “On

Payment Services 363

Payment Services Advertising Returns Checkout 363

I Vend

NOVEMBER 6, 2023

Retail is still in the post-pandemic shake-down, with some shoppers loving the return to stores, but others now entrenched with ecommerce as their ‘normal’; inflation is still impacting shoppers’ discretionary spend and the cost of living crisis is making many think twice about purchases they would have made without a care a few short years ago.

Inventory Management 90

Inventory Management Management Point of Sale Returns 90

RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2024

Enhanced Inventory Management Effective inventory management is vital for retail success. A centralized database provides retailers with a comprehensive view of stock levels across all stores, warehouses, and online platforms, allowing them to make informed decisions regarding inventory replenishment and distribution.

Inventory Management 111

Inventory Management Location Management Supply Chain Management 111

Retail TouchPoints

FEBRUARY 17, 2022

Additionally, fabric’s inventory management capabilities will help the retailer improve accuracy and transparency across all three of its banners to boost the customer experience. In return, fabric will tap Chico’s expertise as an omnichannel boutique retailer to drive its own development and innovations. “We

Social Commerce 278

Social Commerce Inventory Management Boutique Shipping 278

Inside Retail

MARCH 17, 2022

Unified commerce is the new holy grail for retailers, promising previously unheard-of levels of customer insights and control over all elements of sales and inventory management. Buy online, return in-store. Smarter inventory management enabled by unified commerce allows stores to resell the item or return it to the warehouse.

Checkout 246

Checkout Drop-Shipping Payment Services Inventory Management 246

Retail TouchPoints

OCTOBER 6, 2023

To succeed in the holiday peak season and ensure seamless fulfillment, deliveries, and returns, it’s essential for these partners to monitor key metrics, analyze operational data and maintain communication. 4: Return rates. Returns are an inevitable part of retail. Consider the following six metrics as North Star indicators.

Fulfillment 310

Fulfillment Returns Shipping Promotions 310

Retail TouchPoints

OCTOBER 4, 2024

It’s understandable that retailers are frustrated by persistently high product return rates, especially for ecommerce purchases ( 15.4% sell it on a marketplace versus reintroducing it into regular inventory). sell it on a marketplace versus reintroducing it into regular inventory). Make return policies crystal clear.

Returns 263

Returns Inventory Management Consumer Management 263

Retail TouchPoints

SEPTEMBER 16, 2022

passive stake in Nordstrom in a deal valued at $293.8 Nordstrom reported a 12% sales increase for the quarter ended July 30, 2022 as customers updated their wardrobes and returned to events. Mexican luxury department store Liverp o ol has reportedly taken a 9.9% million , according to Reuters. Founder Bruce Nordstrom held a 15.9%

Inventory Management 246

Inventory Management Department Stores Returns Management 246

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.

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

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.

Grocer 312

Grocer Planning Supermarket Inventory Management 312

Retail TouchPoints

AUGUST 13, 2020

Every business has to manage excess capacity and/or inventory: restaurants have excess food and empty tables; hotels and homeowners have vacant rooms; retailers have overstock and returns. Inventory levels will be further exacerbated by a spike in returns. Applying Marketplace Dynamics To Excess Inventory.

Apparel 279

Apparel Inventory Management Finance Returns 279

Retail Focus

FEBRUARY 24, 2022

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. The post Supply chain confidence returning for retailers appeared first on Retail Focus - Retail Design.

Returns 130

Returns Inventory Management Shipping Management 130

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. A better supply chain In a third case, a global jewellery brand was having problems with its order management system (OMS) in the Apac region.

Inventory Management 260

Inventory Management Fulfillment Store Layout Shipping 260

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 279

Inventory Management Department Stores Management Shopping 279

Retail TouchPoints

JULY 12, 2021

Good warehousekeeping leads to better customer service through improved inventory management, faster receiving, put-away, picking and shipping times, savings in labor costs and reducing expensive errors. Next, take a hard look at your processes: What are you currently doing today? What would you like to do?

Merchant Services 279

Merchant Services Fulfillment Shipping Inventory Management 279

Retail TouchPoints

MAY 10, 2024

Getting and managing the right information for your product catalogs is a time-consuming task, and you aren’t 100% sure your data meets the quality standards necessary to keep each sale from becoming a return: accurate, complete and up-to-date. What to Look for in a Data Management Hub A user-friendly interface.

Management 290

Management Inventory Management Returns Fulfillment 290

Retail TouchPoints

MARCH 25, 2025

The return of sweeping tariffs under the new administration has sent ripples through global supply chains, creating a landscape of uncertainty that businesses need to navigate carefully. A supply chain management system that utilizes AI/ML and real-time analytics can transform inventory planning into an intelligent and responsive process.

Supply Chain Management 173

Supply Chain Management Planning Fulfillment Inventory Management 173

Retail Focus

MARCH 29, 2022

One of the ways in which retailers can more accurately monitor and therefore predict how consumer behaviour will change is having access to accurate data about what’s impacting the sale and return of their products. . Trying before buying’ will play a big part in contributing towards the growing volume of returns in 2022.

Consumer 212

Consumer Inventory Management Payment Services Returns 212

Retail TouchPoints

JANUARY 13, 2023

A better bottom line can be achieved by minimizing returns, leveraging user-generated content (UGC) and implementing smart forecasting solutions. Introduce buyers to the right product at the right time. At least 49% of consumers have purchased a product they didn’t plan to after receiving a personalized product recommendation.

Returns 289

Returns Consumer Inventory Management Customer Experience 289

Retail TouchPoints

OCTOBER 28, 2022

This focused approach results in retail ERP systems being far lighter and easier to implement and manage. While most retail ERP software solutions at a fundamental level offer similar functionality, they each have their own features and specialties. What Should you Look for in your Retail ERP System? That is not all.

Supply Chain Management 278

Supply Chain Management Inventory Management Management Accounting 278

Retail TouchPoints

SEPTEMBER 13, 2024

Smart stores are still viable tactics in retailers’ broader business strategies, but recent news has proven that retail leaders must think ahead of the curve when it comes to their smart store implementations if they hope to see a return on their digital investments. These adjustments begin at the earliest stages in the planning process.

Payment Services 287

Payment Services Checkout Inventory Management Kiosk 287

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.

Inventory Management 264

Inventory Management Point of Sale Promotions Jewelry 264

Retail TouchPoints

FEBRUARY 25, 2022

With more brands and manufacturers applying RFID tags to their goods to meet retailer mandates, technology companies and some retailers are trying to create a path for a return on investment for those suppliers. .” The retailer provided recommendations for three providers: FineLine Technologies , Avery Dennison and PAX Tag and Label.

Drop-Shipping 304

Drop-Shipping Jewelry Shipping Inventory Management 304

Inside Retail

SEPTEMBER 27, 2022

Earlier this month, we heard from industry experts at Country Road, Klarna and Marketplacer about the latest trends they’ve seen in online and offline shopping, where the two are converging, and where the customer fits in. However, as lockdowns and movement restrictions become more rare, what does this mean for the future of physical stores?

Payment Services 320

Payment Services Fulfillment Advertising Inventory Management 320

Inside Retail

NOVEMBER 6, 2023

As Zebra Technologies’ downloadable e-book Lift Productivity and Improve Execution for the Next-Gen Workforce explains, today’s customers want retailers’ workforces to pick their goods, pack them, ship them, deliver them and return them – all without diminishing in-store service.

Inventory Management 299

Inventory Management Promotions Management Shipping 299