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How Online Businesses can Master Inventory Management to Impact Operations

Retail TouchPoints

There’s an inventory sweet spot you’re always looking to achieve — not overstocking, not understocking, and still managing to keep up with changing buyer demands. Learning to master your inventory management processes can net significant bottom-line results in your ecommerce business.

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Target Details Plans to Drive Over $15 Billion in Sales Growth by 2030

Retail TouchPoints

Target has ambitious plans to drive an additional $15 billion in sales growth by 2030. The retailer revealed these long-term plans along with financial results of its 2024 fiscal year, which ended Feb. Targets net sales decreased by 0.8% compared to the previous year, falling from $107.4 billion to $106.6 Comparable sales rose 0.1%

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JCPenney Joins SPARC Group to Form Catalyst Brands

Retail TouchPoints

The new company launches with more than $9 billion in revenue, 1,800 store locations and 60,000 employees. JCPenney and SPARC Group, which holds a portfolio of brands including Aropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica , have formed a joint venture in an all-equity transaction to create Catalyst Brands.

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How to Revitalize Seasonal Businesses to Stay Open All Year

Retail TouchPoints

Managing this requires keen budgeting skills and pre-planning, which can cause stress for seasonal business owners. Thoughtful budgeting and money-saving strategies are a crucial part of any business plan, seasonal or not. Workforce management also can be a key component to expanding into year-round operations.

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Sam’s Club Adds Inventory Management Functions to In-Store Cleaning Robots

Retail TouchPoints

“By adding Inventory Scan to our current fleet of robotic scrubbers, we obtain critical inventory data that previously was time-consuming to obtain. This intelligence allows us to proactively manage our clubs in an efficient manner.

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Dollar General to Trial 100% Self-Checkout Stores at 200 Locations

Retail TouchPoints

Dollar General already has self-checkout kiosks in 8,000 of its 18,000 stores and plans to increase that number to 11,000 by the end of this year. Now, Owens said the company also plans to begin testing a 100% self-checkout store format across 200 locations this year.

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WHSmith Moves to Cloud-Based Tech Model to Support North American Expansion

Retail TouchPoints

Travel retailer WHSmith North America has moved its merchandising, inventory management and sales audit solutions from an on-premises to a cloud-based model as it prepares to drive growth in North America with a significant pipeline of new stores.