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Boll & Branch Taps New ERP to Manage Supply Chain and Operations

Retail TouchPoints

“As our company grew, we knew we needed more automation when it came to our data and finances,” said David Reid, CFO of Boll & Branch, in a statement. Boll & Branch also can now better understand demand by location so it can improve product availability and create more targeted marketing campaigns.

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5 Lessons from the Bob’s Stores Bankruptcy

Retail TouchPoints

The retailer filed for Chapter 11 bankruptcy in June and was unable to secure the necessary financing to keep its 21 brick-and-mortar locations open; all will be closed. Customer engagement must be a top priority so that they don’t lose the attention of their target market. The official date of closure was July 14, 2024.

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5 Ways To Maximize Retail Business Financing

Retail Minded

One of the biggest challenges that you’ll face is related to finances. Many retail businesses are able to operate seamlessly with sufficient financing. If you’re not eligible for a bank loan or don’t want to take one, alternative financing options are available, such as asset-based lending. . Buy In Bulk. Lower Your Expenses.

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10 Ways to Reshape and Refresh Your Product Portfolio

Retail TouchPoints

Closely assess your business and product portfolio’s needs according to the wishes and demands of your target market, then de-complicate your portfolio accordingly. Whichever new collections or product lines you add to your business, be sure you’ve considered your target market and acted in line with their interests and desires first.

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Competing for a more discerning dollar

Inside Retail

This is where putting the customer in control of how they purchase can help, including a range of new financing and payment options for the customer to choose from. More and more, savvy retailers are moving with the market and offering their customers a broad range of payment and fulfilment options to increase conversion rates.

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Analysis: Why does Shein continue to escape scrutiny?

Inside Retail

None of this makes a difference to Shein’s Gen Z target market, who are often dealing with budget constraints and willing to put up with slow deliveries in order to get their hands on the latest fashions. It completed a series E financing round in 2020, which values the business at USD$15 billion.

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How to Write a Simple Small Business Plan

Independent Retailer

The business plan provides a blueprint that guides a company from a startup phase to a thriving business,” Rohit Arora, CEO of Biz2Credit and one of the nation’s leading experts in small business finance, said. If they did marketing first, then 80 percent of your business plan is already done.” . 4 Ecommerce Business Financing Tips.