Remove Customer Experience Remove Planning Remove Shrinkage
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The productivity revolution: Transforming retail operations to combat inflation

Inside Retail

In our experience, operational excellence programs deliver measurable improvements across retailers’ balanced scorecards: Customer satisfaction: +7 per cent. Shrinkage: -15 per cent. Why productivity matters more than ever Inflation drives up costs across the board from sourcing goods to delivering customer experiences.

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Don’t Blame Shrinkage: Why Poor Digital Strategy Might Be Responsible for Retail Uncertainty

365 Retail

Don’t Blame Shrinkage: Why Poor Digital Strategy Might Be Responsible for Retail Uncertainty While retail is a cyclical industry, it’s important to be honest about transformations, negative and positive, in the industry. Certainly, these elements make an impact. Though researchers have found that in terms of tech, 65.1%

Shrinkage 115
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3 Customer Experience Predictions for 2022

Frank Mayer

As the new year dawns, 2022 CX strategies across industries will continue to center on convenience and consumer satisfaction by nurturing omnichannel plans and implementing the latest technology. Read on to discover three customer experience predictions for the upcoming year. The Hybrid Shopping Experience.

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John Lewis redundancies are paving way for ‘better quality jobs’, says director

Retail Gazette

John Lewis Partnership’s operations director has said the business is creating “better quality jobs”, despite plans to reduce its headcount by 11,000 in the next five years. Simcock said headsets being worn by staff in some Waitrose stores was helping to increase customer metrics, reduce shrinkage and help employees “feel safer”.

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Is Your Wine & Liquor Store Stuck in the Past? Unlock Growth with Integrated POS

I Vend

Here’s some of the key ways that an integrated POS systems for wine and liquor can underpin growth strategies for wine and liquor stores: POS – integrated POS software for wine and liquor stores helps with efficiency at the checkout, enhancing the customer experience and streamlining operations in wine and liquor stores.

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The Future of Retail: How Top Brands Choose In-Store Tech

RETAIL MANAGEMENT SOFTWARE

According to recent research, nearly half of all retailers have already invested in in-store technology, and over 80% of the remainder plan to do so within the following year. Less than 30% report having true visibility into managing stocks, pricing and promotion execution, planogram compliance, and allocation and assortment planning.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This liberates valuable time for retailers to concentrate on core business activities and strategic planning. Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers.