Retail TouchPoints

JUNE 28, 2024

Walgreens Boots Alliance (WBA) has cut its profit forecast for fiscal 2024 and plans to close “a significant number of underperforming stores,” CEO Tim Wentworth told analysts on a call for the company’s fiscal 2024 Q3 earnings period, which ended May 31, 2024. Third quarter sales at WBA increased 2.6% year-over-year to $36.4

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Retail TouchPoints

JULY 10, 2024

There’s an inventory sweet spot you’re always looking to achieve — not overstocking, not understocking, and still managing to keep up with changing buyer demands. Learning to master your inventory management processes can net significant bottom-line results in your ecommerce business. 4: Identifying inventory: Mislabeling items.

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Retail TouchPoints

MARCH 18, 2024

Despite these statistics, many retailers still don’t have functional workplace violence plans. If they do have a plan, it’s likely that it hasn’t been recently updated, and many employees may not know it exists. My role at Acuity is to help retailers with these types of undertakings. Additionally, the U.S.

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Inside Retail

JULY 14, 2024

Hog’s Breath Cafe is looking to rebuild its restaurant footprint, and has plans to open another 20 restaurants by 2029. He has a number of growth solutions, including opening corporate stores with a plan to franchise them once established. Under the previous management the brand got confused and we lost our way.”

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Inside Retail

SEPTEMBER 20, 2021

Ikea’s parent company Ingka Group has acquired 5,500 hectares of land in the South Island as part of its commitment towards responsible forest management. Responsible forest management creates jobs and adds value in the local communities by supporting the local economy,” said Krister Mattsson, MD of Ingka Investments, Ingka Group. “We

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Inside Retail

OCTOBER 30, 2024

The deals were all impressive in scale with a common factor: a clear succession plan that allowed the company to react quickly when a sale opportunity came along. Despite the obvious soundness of succession planning, there remains a deep disinclination to create such plans among many middle-market business leaders.

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Retail TouchPoints

OCTOBER 11, 2023

In fact, data from Legion Technologies finds that 37% of managers say they’re hiring more minors due to the shortage. Automating compliance management across the organization also fortifies security, makes compliance processes more efficient and even helps companies optimize labor costs by eliminating redundancies.

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Inside Retail

SEPTEMBER 16, 2024

If you manage or influence customer deliveries, if you haven’t done so, implementing optimised transport route planning is a game-changer for your bottom line. Handle peaks : Efficiently manage seasonal surges like Christmas peaks. Automate planning : Reduce planning time with automated route planning.

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Retail TouchPoints

MAY 30, 2024

PayPal is entering the media business with plans for a new advertising platform that will draw on its relationships with millions of consumers and merchants to help the latter “sell more products and services effectively,” according to a company statement. I’m thrilled to have Mark join our team and lead this important work.”

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Inside Retail

MARCH 26, 2024

In addition, the initiative provides intelligence for planning and rostering. “The whole intention behind the operations team’s digital insights journey is to be able to give store teams the right information at the right time to make their jobs easier,” said Coles GM of finance, operations, and sustainability Rich Walker.

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Retail TouchPoints

NOVEMBER 30, 2023

Party City has launched a new digital party-planning marketplace, aptly called Party+ Marketplace , that brings together local vendors and service providers with the retailers’ range of party supplies. Suppliers and service providers will work with customers directly through the Party+ platform.

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Retail TouchPoints

MARCH 27, 2024

with plans for stores in a dozen new markets through a partnership with mall operator CBL Properties. The first wave of store openings started in November 2023 at malls in Roanoke, Va. Throughout the rest of 2024, stores will open at malls in Nashville and Chattanooga, Tenn.; expansion plans. and Winston-Salem, N.C.,

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Retail TouchPoints

DECEMBER 29, 2022

Let us look at a few ways to improve customer experience in the retail industry through knowledge management. What is Knowledge Management and Why is it Important? A proper knowledge management strategy will help you not only organize and store expert advice and information but also improve the customer experience overall.

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Retail TouchPoints

JANUARY 30, 2024

store managers’ base pay from an average of $117,000 per year to $128,000 and has redesigned its bonus program to include a store’s profits, not just its sales. Bonuses could now amount to 200% of a manager’s base salary. A strong labor market has many retailers raising wages and improving benefits for workers at multiple levels.

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Retail TouchPoints

MARCH 21, 2024

That’s why retailers must find ways to optimize their cloud resource planning strategies ahead of a time of demand. Here are three key components of a well-managed ecommerce cloud strategy. Scalability Is Key One key aspect of effective cloud resource planning is being able to dynamically scale infrastructure.

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Retail TouchPoints

JANUARY 12, 2023

Centric Software will introduce Centric Planning, a retail planning solution designed to help companies achieve strategic and operational digital transformation goals, at the 2023 NRF Big Show.

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Retail TouchPoints

JANUARY 27, 2023

David’s Bridal is expanding into event planning with the debut of a new all-in-one wedding planning platform and vendor marketplace called Pearl by David’s. The Pearl platform enables brides to plan their wedding and connect with thousands of local vendors across the U.S., all in one place.

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Retail TouchPoints

MAY 1, 2023

The acquisition is contingent on a separate transaction in which Mapco and its remaining locations and assets will be sold to Majors Management. Alimentation plans to rebrand the stores as Circle K locations. ” said Alex Miller, COO at Alimentation Couche-Tard in a statement. “As

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Inside Retail

MAY 2, 2024

In the wake of the tragic Westfield Bondi Junction stabbing attack on April 13, Australian retailers have been revisiting their emergency response plans to ensure they are fully prepared for every contingency. It has really hit home that this is a situation that none of us ever thought would happen. Talking about this is important,” she said.

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Retail TouchPoints

OCTOBER 6, 2022

Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. Effective inventory management plays a vital role in this — and data-led solutions can make a real difference here. In the years to come, AI will prove extremely useful in supply chain management. The Way Ahead.

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Retail TouchPoints

MARCH 17, 2023

Mattress retail conglomerate Serta Simmons Bedding (SSB) — the owner of brands including Serta , Simmons , Beautyrest and Tuft & Needle — is working to transform its supply chain planning capabilities through a new partnership with Blue Yonder.

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Retail TouchPoints

OCTOBER 22, 2024

The key is understanding what CX looks like at each stage and establishing a CX strategy built to adapt as the business grows from one stage to the next. At this stage, having an adaptable CX strategy in place is crucial. Adaptable CX strategies can address specific needs at different business stages and across sectors.

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Retail TouchPoints

JULY 2, 2024

Photo credit: KPF) Located at the intersection of the Plaza and Grand Central Districts, 570 Fifth Avenue will be a 1,000,000 -square-foot mixed-use commercial building and marks the largest development on Fifth Avenue in more than 60 years. Rendering of 570 Fifth Avenue, which will feature an office tower and ground-level Ikea.

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Independent Retailer

NOVEMBER 15, 2024

In this article, we’ll talk about retail management, what it is and why it’s important. Let’s look at effective strategies and tools that will help improve business efficiency. What is Retail Management Retail Management is a set of activities that ensure the efficient operation of a retail business.

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Retail Wire

JUNE 29, 2024

Renowned investor and Berkshire Hathaway chairman Warren Buffett has recently outlined how his substantial fortune will be managed after his death. At 93, Buffett has restructured his will, signaling a significant shift in his philanthropic plans.

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Retail TouchPoints

MAY 17, 2024

Under Armour announced plans for a restructuring following disappointing results in its fourth quarter and fiscal year 2024 (ended March 31, 2024), as well as the expectation that revenues will continue to decline anywhere from 15% to 17% in North America in the coming year. Plank was reinstalled as President and CEO in March.

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Retail TouchPoints

APRIL 26, 2023

Retail managers now face employee management and safety challenges that require additional tools and oversight. Retail managers must address these incidents’ effects on employee morale and retention. Stress around safety issues at the workplace is likely to be a significant contributing factor to employee turnover.

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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.

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Retail TouchPoints

MARCH 16, 2023

Omnichannel fulfillment platform Deposco has launched a supply chain solution designed to orchestrate end-to-end processes — plan, source, order, fulfill and return — across B2B and DTC channels, from a single package to full pallets.

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Retail Focus

JULY 17, 2024

The potency and power of teamwork are today vital success factors in the dynamic field of property management. It is more crucial than ever for teams inside the property management industry cooperate productively as property operations get more complicated and client expectations rise.

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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

MARCH 24, 2023

As a result, customer flow management is more important than ever as leaders seek to empower the customer, improve the employee experience and collect actionable data to potentially scale their business. Employees facing an unorganized crowd of customers who all need assistance at the same time can feel overwhelmed and burned out.

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Retail TouchPoints

MAY 20, 2024

Simon has unveiled plans for the next wave of redevelopment for its Fashion Valley shopping center in San Diego, which will include the addition of 850 multi-family luxury residences by AMLI Residential. Christian Louboutin and Fendi are set to follow in 2025.

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Inside Retail

JULY 18, 2024

Working with retailers across Australia and New Zealand, Quantiful CEO Jamie Cormack has identified poor planning outcomes as one of the significant causes forcing retailers to contract and even close stores today. If you only look at the stock turn, you may be too late to determine the root cause.”

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Retail TouchPoints

JULY 16, 2024

British multi-category retailer Marks & Spencer plans to open at least 10 new convenience stores in conjunction with its franchise partners and refresh up to 50 existing c-stores this year as it looks to grow its £1 billion ( $1.3 billion ) convenience business.

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Inside Retail

NOVEMBER 29, 2021

Justin Hillberg, managing director of shared services of SurfStitch-owner Alquemie Group, is stepping down from his role leading the surf brand’s restructure at the end of this week. Hillberg joined SurfStitch as merchandise manager in 2014, before becoming general manager in 2015 and managing director in 2018.

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