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. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

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Retail Gazette

MAY 7, 2024

The German fashion giant said adjusted EBIT rose to £24.3m (€28.3m) in the three months, up from a loss of £600,000 (€700,000) for the same period last year. It noted the “substantial improvement” in profitability was driven by lower fulfilment costs and successful inventory management, which contributed to a 1.3%

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Inside Retail

SEPTEMBER 27, 2022

According to fashion group Country Road’s customer lead Paul Conti, while customer behaviour has certainly changed throughout the pandemic, the overall shift from offline to online was largely an acceleration of a pre-pandemic trend – and one that is correcting itself now that physical retail is back on the cards.

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Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. To pull this off, Amazon will be using the same technology and processes it employs at its fulfillment centers. There will be humans working the store too. (Our

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Retail TouchPoints

NOVEMBER 19, 2021

Now, on top of the usual challenges that retailers face — fickle consumers, stiff competition, product availability and pricing pressures/low margins — they must go above and beyond to fulfill shopper demands. But they can only make these changes — and fulfill shopper expectations — by using data and analytics.

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Retail TouchPoints

JANUARY 10, 2023

In addition, excess inventory can also tie up capital that could be used for other purposes, such as investing in marketing or other growth initiatives. Further, excess inventory can lead to lost revenue because products that are not sold quickly can become obsolete or go out of fashion. Negotiate better terms.

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Retail TouchPoints

AUGUST 5, 2024

Old registers make people think you’re old-fashioned, so we have to stay up to date with that or they’ll forget you.” 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.

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Retail TouchPoints

AUGUST 29, 2024

Unlike fashion, the technology industry doesn’t often look to trends and ideas from the past to define its future. Most retailers are now rolling out RFID inventory management use cases like receiving, adjustments and cycle counting via handheld reader. Let’s start with the costs.

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Retail TouchPoints

AUGUST 13, 2020

It is anticipated that fashion overstocks alone will increase 25% to 30% this year. Inventory levels will be further exacerbated by a spike in returns. Applying Marketplace Dynamics To Excess Inventory. Unfortunately, the COVID-19 pandemic is a demand shock that the industry has not seen in decades.

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Apparel Inventory Management Finance Returns 279

Retail Assist

OCTOBER 16, 2024

For growing retailers, managing inventory effectively is crucial to customer satisfaction, operational costs and growth potential. This can easily lead to stockouts, excess inventory and other issues that affect both profitability and reputation.

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Inside Retail

FEBRUARY 8, 2024

Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Its current national distribution centre in Melbourne and upcoming regional distribution centre in Brisbane are key pillars of the plan – designed to stock stores efficiently and speedily fulfil online orders.

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Retail TouchPoints

JUNE 26, 2023

Another UPC alternative, RFID, which first made waves in retail 10+ years ago, has also had a slower adoption, largely because of cost and implementation hurdles, despite its having similar benefits, specifically to track and manage inventory and enabling checkout-less “just walk out” transactions.

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Retail TouchPoints

SEPTEMBER 1, 2023

JCPenney is upgrading merchandising tools and supply chain operations to improve product availability as well as the overall fulfillment experience. New inventory management systems, among other tools, will support more accurate decision-making and efficiency, so the retailer can cater to customers’ unique needs.

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I Vend

APRIL 2, 2025

Beyond POS: Enhancing Customer Experience and Efficiency True retail management software extends beyond pure POS – it includes functionality that will help you to enhance customer experiences and operational efficiency. The three most important additional features to consider loyalty, promotions and inventory management.

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Retail TouchPoints

NOVEMBER 8, 2022

A 3D modeling technology like True Fit, used in most online fashion sites, allows the consumer to get an accurate picture of the correct garment fit. They must approach inventory management, merchandise accuracy and return policies strategically. Relying on AI and 3D modeling can be a critical way to avoid disappointment.

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Retail TouchPoints

JULY 14, 2021

“If both parties began looking at a variety of data sets, but through the same lens, there would be much more strategic alignment and much less of a disconnect visible in inventory management,” noted Melissa Minkow, Retail Industry Lead at CI&T in an interview with Retail TouchPoints.

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Inside Retail

JANUARY 30, 2024

“This collaboration results in an enriched suite of logistics and supply chain services, encompassing not just warehousing and inventory management, but also comprehensive transportation and last-mile delivery solutions,” he added. Focusing on beauty and apparel Initially, the partnership will focus on the beauty and apparel segments.

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Retail TouchPoints

JULY 28, 2020

There are new and innovative ways to marry personal computing devices, gesture recognition technology, merchandising creativity and inventory management to create a new world of retail that’s an inviting, engaging and safe space for thriving retail commerce — as well as the sometimes-elusive emotional connection between shoppers and brands.

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Retail TouchPoints

JANUARY 25, 2022

4) Think Big: Improve supply chain and inventory management. Act small: Add a feature to your website allowing customers to search inventory availability in local store locations. 5) Thing Big: Improve order fulfillment. This gives consumers an additional element of control in their online buying experience.

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Retail TouchPoints

FEBRUARY 24, 2021

Spanish fashion retailer Encuentro Moda is deploying a radio frequency identification solution across its 125 stores, both to meet omnichannel requirements and to gain visibility into the stock availability at each store and throughout the supply chain. D Cloud RFID inventory-management software.

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Retail Gazette

AUGUST 6, 2024

The German fashion giant said it leveraged the ‘Summer of Sports’ momentum, launching dedicated campaigns in major European cities and its first adaptive sports collection, which helped to deliver its best monthly sports performance in June. percentage points to 6.5%.

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Inside Retail

SEPTEMBER 25, 2023

Venturing beyond the traditional retail sphere, the group has also made its mark in travel retail, securing its place as the master concessionaire for fashion & accessories at Jakarta’s Airport In Indonesia. Retailers are actively investing in enhancing their online presence and implementing seamless online shopping experiences.

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Inside Retail

MARCH 2, 2023

One such advancement is the development of Autonomous Mobile Robots (AMRs), which have been implemented by a range of companies – including Catch, Toys R Us , and a number of other retailers – for task enhancements ranging from inventory management, order fulfilment, delivery and customer service.

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Retail TouchPoints

OCTOBER 4, 2024

“AI takes the processes and the data that exist today and makes it a lot more useful in an accelerated fashion,” said Black. “So So there’s better forecasting, better predictions, better ability to handle specific customer issues, and certainly better planning around the inventory management aspects.”

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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.

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Retail TouchPoints

JUNE 13, 2023

At Aldo Group, we are proud to have been the first shoe and fashion accessories retailer to obtain the carbon neutral certification back in 2018 and to now strive for Net Zero emissions by 2050. Sustainability : There’s a growing demand among consumers for sustainable and ethical products.

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Inside Retail

MARCH 7, 2024

Cost of living crisis or not, expression through fashion continues to drive the US$21.72 Last year, the brand partnered with Datapel, an inventory management system that Santic credits for enhancing the business’ capabilities in inventory tracking, order fulfilment and improving warehouse processes.

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Retail Focus

SEPTEMBER 5, 2024

From the use of chatbots to direct customers to the correct department while shopping on their mobile device or computer, through to sophisticated inventory management that helps retailers operate easier, the potential for AI in retail is far-reaching.

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RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

In the fast-paced world of fashion retail, staying ahead of the curve requires a deep understanding of shifting customer preferences. From inventory management woes to order processing bottlenecks, the complexities of running a fashion business can often feel overwhelming.

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Inside Retail

JANUARY 23, 2022

Amazon Style claims to be a “new way” to shop and discover fashion. Once in the fitting room, customers will be able to use touchscreens to rate items and request more styles and sizes to be delivered in just minutes, thanks to advanced technologies and processes borrowed from Amazon’s fulfilment centres. How Amazon Style works.

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Retail TouchPoints

DECEMBER 3, 2021

Technological innovations have optimized and enhanced almost all areas of the retail organization, from marketing to fulfillment, but the process of bringing products to market has been markedly slower to advance.

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Inside Retail

AUGUST 23, 2023

Guochao’ means ‘national wave’ or ‘Chinese fashion’, and it essentially represents a cultural movement celebrating Chinese heritage and homegrown brands, challenging the dominance of international labels. “We The post How KOLs, Gen Z are driving growth at Chinese jewellery giant Chow Tai Fook appeared first on Inside Retail.

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I Love Fashion

APRIL 5, 2023

Fashion Digital Marketing Agency Online marketplaces are a great place to increase a brand’s exposure as they offer huge opportunities for retailers for growing and expanding their businesses. This article will walk you through the 10 best online fashion marketplaces to sell fashion products in 2023. every month.

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RETAIL MANAGEMENT SOFTWARE

APRIL 12, 2022

Inventory management. Inventory management plays a crucial role in improving retail profit margins. This information can then be used to control inventory, forecast demand, etc. Retailers can also use purchase history information to create coupons or deals to increase their sales within a given time frame.

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Retail Focus

JANUARY 12, 2023

The old-fashioned way of doing that was always to have staff available. Inventory Management. Inventory management uses many systems to keep your customers and staff informed of order updates and inventory status, such as procurement, warehouse management, order tracking, etc.

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Inside Retail

NOVEMBER 12, 2023

What if your inventory management system can no longer be accessed or trusted? To build an effective recovery plan, you first need to think about what is most critical to your business operations – what systems, processes and assets must be operational to fulfil your business’ purpose? Or your account records?

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Retail Gazette

OCTOBER 8, 2023

The private equity-backed fashion retailer said a new automated fulfilment system, which was introduced last year, had created logistical problems resulting in “adverse effects on both our operations and customers’ ordering experience”.

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