Retail TouchPoints

MAY 21, 2024

The retail landscape is transforming, driven by rapid technological advancements and changing consumer behaviors. By analyzing data derived from network traffic, retailers can unlock profound insights into customer behavior, store performance and inventory efficiency.

Inventory Management 264

Inventory Management Payment Services Store Layout Promotions 264

Retalon

AUGUST 14, 2023

Furniture inventory management software offers a smarter solution. It provides real-time visibility into your inventory movements across the supply chain. This article explores how furniture inventory management software can unlock new levels of efficiency and competitiveness for modern retailers.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Inside Retail

MARCH 21, 2024

This year, while consumers are still struggling to adapt to higher prices for staple goods and services, they are still spending on discretionary items creating a retail market where brands compete fiercely for their share of the consumer’s paycheque.

Consumer 130

Consumer Dead-Stock Finance Inventory Management 130

Inside Retail

NOVEMBER 27, 2023

This is not just a transient trend but a robust response to the changing consumer, who now craves the tactile satisfaction of in-store shopping along with the personalisation and convenience of online commerce. Today’s consumers might browse products online and then feel, try and buy them in physical stores.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

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 264

Inventory Management Point of Sale Promotions Jewelry 264

Wiser

MARCH 28, 2024

In an illuminating revelation from Deloitte’s 2024 consumer products industry outlook , half of the consumer product companies surveyed express a pivot away from relying on price increases as a growth strategy, signaling a paradigm shift in how businesses approach market expansion and consumer engagement.

Consumer 78

Consumer Promotions Inventory Management Advertising 78

Retail TouchPoints

JANUARY 6, 2023

consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns to subside even as economic stressors abate, according to Deloitte’s Global State of the Consumer Tracker. Promotions can be Effective in this ‘Deal-Seeking’ Environment.

Payment Services 359

Payment Services Promotions Consumer Inventory Management 359

Wiser

OCTOBER 29, 2024

For today’s consumers, price and availability aren’t just practical considerations, they are foundational elements of trust. However, our recent surveys highlight that many brands and retailers are still grappling with discrepancies and stock issues, which can erode consumer confidence and loyalty.

Management 78

Management Inventory Management Consumer Promotions 78

Wiser

NOVEMBER 19, 2024

This allows headquarters and field teams to correlate store conditions (like product placement, promotion compliance, and availability) with actual sales performance, leading to smarter, faster decision-making. Identify trends in promotion execution or availability that may be affecting performance.

Promotions 78

Promotions Inventory Management Consumer Accounting 78

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs?

Markdowns 278

Markdowns Retailing Pricing Promotions Fulfillment 278

Retail Focus

SEPTEMBER 14, 2024

This article delves into the foundational elements of retail merchandising, exploring its importance and impact on consumer behavior and store profitability. Essentially, retail merchandising is about strategically positioning products to sway consumer buying decisions. What is Retail Merchandising ?

Fashion 130

Fashion Visual Merchandising Store Layout Inventory Management 130

Wiser

OCTOBER 10, 2024

While Buy Online, Pick Up In-Store (BOPIS) has been around for some time, it has seen significant growth in recent years due to shifting consumer behaviors and the increased demand for omnichannel experiences. Traditionally, physical stores maintain inventory levels based on walk-in customer demand.

Inventory Management 78

Inventory Management Management Consumer Promotions 78

Retail TouchPoints

NOVEMBER 17, 2023

In manufacturing, product substitution can be a valuable tool for optimizing inventory management. Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly.

Customer Experience 264

Customer Experience Inventory Management Fulfillment Inventory Turnover 264

Retail Gazette

FEBRUARY 22, 2024

According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online. AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Wiser

DECEMBER 4, 2023

The Role of Retail Partners Retail partners serve as vital extensions of a brand manufacturer’s business, significantly amplifying its reach and exposure to consumers. Without thorough monitoring, variations in product pricing, presentation, and promotional activities can occur, leading to a disjointed brand image.

Inventory Management 146

Inventory Management Promotions Visual Merchandising Management 146

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Who doesn’t want that?

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

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. 2: Order cycle time.

Fulfillment 310

Fulfillment Returns Shipping Promotions 310

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. How to Take Consumer Engagement and LTV to New Levels. Listen to the session on demand. Listen to the session on demand.

Consumer 189

Consumer Payment Services Fulfillment Advertising 189

Retail TouchPoints

MAY 17, 2024

However, with consumer sentiment low and economic concerns still front of mind, this approach could backfire. With the constant pressure on revenue and profitability, retailers need to rethink their returns strategies to protect their margins while providing a frictionless experience for consumers. Inventory optimization.

Returns 278

Returns Fulfillment Inventory Management Apparel 278

Retail TouchPoints

SEPTEMBER 22, 2022

It’s really the tale of two years ,” said Matt Kramer, National Sector Leader, Consumer and Retail for KPMG US. We were still in the pandemic, and I don’t think consumers really knew how long it was going to last, and that created uncertainty during the holiday period.

Promotions 246

Promotions Fulfillment Inventory Management Drop-Shipping 246

Retail TouchPoints

DECEMBER 25, 2023

Consumers today expect a better in-store shopping experience from brick-and-mortar retailers, and retailers that can give it to them will continue to thrive even in the face of ever-increasing convenience from online competitors. Better inventory management means better business operations, period. Costco grew revenue by 6.7%

Customer Experience 282

Customer Experience Dead-Stock Store Layout Point of Sale 282

Retail TouchPoints

JULY 17, 2023

Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. Smart merchandising helped GetGo improve the consumer experience and increase sales. Self-checkout.

Payment Services 246

Payment Services Checkout Inventory Management Customer Experience 246

Inside Retail

FEBRUARY 8, 2024

It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers. Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

OCTOBER 6, 2022

Rather than being limited to a jam-packed four to five weeks from Black Friday to Christmas Eve, consumers are beginning their shopping as early as October (with a few doing so even earlier than that). McNamara spotlighted a surge in promotional activities in July 2022 that marked the official kickoff of the back-to-school season.

Merchant Services 287

Merchant Services Payment Services Promotions Location 287

RETAIL MANAGEMENT SOFTWARE

MAY 21, 2024

Retail ERP software offers a comprehensive suite of integrated applications designed to automate and optimize various business processes, including inventory management, supply chain management, sales tracking, customer relationship management (CRM), financial management, and more. What is ERP in Retail?

Inventory Management 87

Inventory Management Supply Chain Management Promotions Management 87

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Mass Relators

MAY 22, 2023

And it’s all about the base — a radically different consumer base, that is. Consumers who throw convention by the wayside, they’re delaying marriage, home ownership and children, and embracing work-from-home. Take revenue growth management (RGM) to the next level. It’s already changing retail and will continue to do so.

Consumer 52

Consumer Inventory Management Fulfillment Advertising 52

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Retail TouchPoints

AUGUST 27, 2021

Facing the complex task of data analysis, artificial intelligence can help retailers determine customer promotions of interest and potential customer churn. Nearly any store-within-a-store model will mandate a store-wide shift in inventory management to make way for new products and increased storage from the partner brand.

Inventory Management 279

Inventory Management Department Stores Management Shopping 279

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. The barcode has also been instrumental in promoting sustainability in the supply chain. Without it, the modern global supply chain would be unimaginable.

Checkout 246

Checkout Inventory Management Promotions Point of Sale 246

Clover - Retail

OCTOBER 10, 2024

To avoid burnout, try proactively managing your stress and energy. To help you manage your energy over the long shopping season, delegate to other team members early and add automation tools–like Clover inventory management and other apps from the Clover App Market –like Order Paper –to keep things running smoothly.

Merchant Services 110

Merchant Services Promotions Inventory Management Payment Services 110

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 17, 2024

With a surge in consumer demand, retailers must juggle inventory, staff, and customer service efficiently to maximize sales and ensure smooth operations. These tools allow retailers to: Share updates on inventory levels, promotions, and store changes quickly. Streamline coordination between different departments (e.g.,

Inventory Management 91

Inventory Management Inventory Turnover Management Customer Experience 91

Retail TouchPoints

OCTOBER 14, 2021

Retailers and consumers alike are bracing for a holiday season much like the last — masks look set to remain a top stocking-stuffer; “supply chain” has a become a daily topic in mainstream media; and parents are gearing up for tears with the top toys of the year already predicted to go out of stock. Early Birds Get the Products.

Marketing 299

Marketing Promotions Consumer Customer Experience 299

Storis

SEPTEMBER 19, 2024

Gone are the days of labor-intensive manual price changes that consume valuable time and resources. Digital price tags streamline the process by enabling instant price changes across your entire inventory. Embrace the future of retail inventory management with digital price tags, and unlock new opportunities for growth and success.

Inventory Management 52

Inventory Management Promotions Management Consumer 52

Retail TouchPoints

MAY 15, 2023

Consumers are enjoying the benefits of a hands-free, voice-activated application to help cook a recipe or shop online. Secondly, brands are lagging vis-à-vis serving “conversational consumers.” Brands must anticipate prompts from consumers and respond in various ways, which are then coded in on the back end.

Marketing 263

Marketing Inventory Management Consumer Shopping 263

Retail TouchPoints

JULY 19, 2023

According to a recent study , price, quality and convenience are still consumers’ top buying criteria for products. This comes despite earlier research finding a shift in consumer attitudes was the driving force behind the push for sustainable packaging in 2020. However, with high inflation costs continuing to be felt across the U.S.,

Inventory Management 246

Inventory Management Shipping Management Consumer 246