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Wayfair profit slips despite mass staff lay-offs

Retail Gazette

Measures included reducing its corporate employees by 18% as it sought to scale down operating costs amid weakened demand for furniture. ” Click here to sign up to Retail Gazetteā€˜s free daily email newsletter

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Amazon results and outlook fall short as warehouse, fuel costs soar

Inside Retail

The company’s expenses swelled as it offered higher pay to attract workers. A fulfillment center in New York City voted to create Amazon’s first US union, a result the retailer is contesting. That means Amazon needs to fulfill more orders to justify the space, said Scott Mushkin, founder of research firm R5 Capital.

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Toys ā€˜Rā€™ Usā€™ ā€œtransformationalā€ year ends without earnings growth

Inside Retail

million in itā€™s quasi-first year as a public company, though delivered a nil EBITDA based on operational expenses and the sale of discontinued businesses. Toys ‘R’ Us has delivered annual revenue of $48.2 The disruption this caused, however, was not without impact. for the first half and $122.95 per cent half-on-half.

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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

The company entered 2020 with $850 million in cash reserves, and has plans to save $500 million in operating expenses, capital expenditures and working capital during fiscal 2020.

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Barcode Inventory Management

Storis

With the right barcode inventory software, retailers can easily monitor product movements from receiving through sale and fulfillment. Adopting barcode technology is a strategic initiative to reduce operational expenses and increase profit margins.

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Extended COVID-19 Crisis Could Force Tailored Brands Into Bankruptcy

Retail TouchPoints

However, the pandemic forced Tailored Brands to close all its shops and e-Commerce fulfillment centers in the U.S. The retailer posted a sales drop of 60.4% during Q1 2020, and unlike many other retailers that made up some of the difference with e-Commerce growth, its online sales, including rentals, fell 31.9%. in February.

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Retail Logistics: Boosting Efficiency and Productivity

Retail TouchPoints

This process often consumes a substantial amount of labor, time and cost, accounting for 50%-75% of total operating expenses in a typical retail store. Enhancing Order Picking CollaboMation can significantly impact one crucial area: order picking.