Retail TouchPoints

JULY 29, 2020

“The first prong is data modernization, because every system and everything in the digital world relies on data governance, data management and data trustworthiness,” she said. “We The second prong was replacing foundational systems, such as the company’s legacy enterprise resource planning (ERP) system. “It

Planning 251

Planning Wholesale Customer Experience Store Operations 251

Inside Retail

SEPTEMBER 21, 2021

Aggregators are now looking to scoop up the most successful sellers and grow their sales several times over by pumping money into marketing and SEO, launching new products and entering new markets, while simultaneously realising cost savings from shared resources in the backend. Fours levers to grow revenue. Juju is a case in point.

Planning 246

Planning Inventory Management Outdoor Finance 246

Retail TouchPoints

JANUARY 25, 2022

Let’s dive into some small ideas that can help tackle big goals: 1) Think Big: Increase customer engagement with more interactive marketing. 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.

Management 242

Management Marketing Customer Experience Inventory Management 242

Retail TouchPoints

JANUARY 9, 2025

A Robust Portfolio of Fashion Brands With a range of offerings including formal fashion from Brooks Brothers, casual apparel for younger consumers from Aropostale, outdoor apparel and gear from Eddie Bauer and everyday fashion for the whole family from JCPenney, Catalyst Brands will boast expansive reach across multiple market and customer segments.

Apparel 264

Apparel Inventory Management Outdoor Fashion 264

Independent Retailer

DECEMBER 23, 2022

This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories. Donate Excess Inventory. Adopt a Probabilistic Model of Inventory Management.

Inventory Management 93

Inventory Management Wholesale Management Markdowns 93

Retail TouchPoints

JULY 11, 2022

J.Crew and its sister company Madewell have both implemented a new integrated inventory planning solution that allows the retailers to increase efficiency when creating new products and tap into comprehensive data insights to inform assortment and merchandising decisions.

Planning 227

Planning Merchant Services Management Consumer 227

Retail TouchPoints

OCTOBER 14, 2021

To say everyone is worn out is probably an understatement, and by all accounts marketers in particular are feeling the pressure — a staggering 70% of marketing executives said the pandemic has left them “completely exhausted,” according to a new report from Accenture Interactive. Forget About Personalization, Focus on Relevancy.

Marketing 278

Marketing Promotions Consumer Customer Experience 278

Independent Retailer

AUGUST 1, 2022

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy.

Inventory Management 85

Inventory Management Management Inventory Turnover Supply Chain Management 85

Retail TouchPoints

NOVEMBER 30, 2022

The service already is being used by retailers including Lifetime Brands , Traeger Grills and Whole Foods Market. We wanted a better view of when new inventory would arrive at our distribution centers nationwide,” said Leandro Balbinot, SVP and Chief Technology Officer at Whole Foods Market in a statement.

Supply Chain Management 234

Supply Chain Management Inventory Management Management Location 234

Retail TouchPoints

SEPTEMBER 1, 2023

New inventory management systems, among other tools, will support more accurate decision-making and efficiency, so the retailer can cater to customers’ unique needs. JCPenney’s “Make it Count” customer strategy and brand proposition is the centerpiece of the turnaround plan. Merchandising and supply chain optimization.

Planning 202

Planning Merchant Services Inventory Management Consumer 202

Inside Retail

JUNE 27, 2024

This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventory management and pricing at its core. In retail, some of the promising applications include demand planning and forecasting, as well as store layout optimisation, all of which drive growth.

Inventory Management 260

Inventory Management Fulfillment Store Layout Specialty Retailers 260

Retail TouchPoints

AUGUST 27, 2021

In essence, these moves represent a strong push among brands to pivot to a customer-first mindset in their retail planning. . How can a brand know which traffic is attributed to internal marketing efforts vs. driven by their embedded stores? The nested store becomes an experiment in demand generation. .

Inventory Management 273

Inventory Management Department Stores Management Shopping 273

Retail TouchPoints

OCTOBER 28, 2022

In today’s competitive and connected retail market, one mistake or delay can result in losing ground to a competitor. One of the most powerful tools you should implement to ensure your long-term success is a retail Enterprise Resource Planning (ERP) system. What is a Retail ERP System? That is not all.

Supply Chain Management 247

Supply Chain Management Inventory Management Management Accounting 247

Retail TouchPoints

NOVEMBER 4, 2024

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.

Inventory Management 206

Inventory Management Planning Management Marketing 206

Retail TouchPoints

APRIL 25, 2022

As a result, businesses looking to gain a competitive advantage in the global marketplace are investing more heavily in supply chain management. The supply chain challenges of the past few years have underscored the importance of proper and efficient supply chain management. Navigating the Dynamic and Evolving Shipping Industry.

Supply Chain Management 278

Supply Chain Management Inventory Management Shipping Management 278

Inside Retail

DECEMBER 12, 2024

Inside Retail spoke with Stephanie Tham, director of brand & marketing at Outdoor Venture, to learn about the new retail concept and the companys marketing strategy. IR : How is the growing popularity of brands like On and Soar shaping your approach to product curation and inventory management?

Outdoor 130

Outdoor Marketing Inventory Management Store Layout 130

Retail Smart Guys

NOVEMBER 15, 2024

In today’s fast-paced retail world, strategic inventory planning is more critical than ever. As we approach the peak of the holiday season, managing your open-to-buy (OTB) planning effectively can make or break your financial success. Rely on Data, Not Gut Feelings Your inventory is your most significant investment.

Inventory Management 59

Inventory Management Planning Management Point of Sale 59

Retail TouchPoints

FEBRUARY 10, 2022

It’s now available on-demand , which makes this a good time to issue a spoiler alert: if you haven’t seen the episode yet but plan to, don’t read any further until you have. As Leite shares at the end of the episode, she plans to triple the company’s revenue over the next five years. million on inventory management solutions; $1.2

Inventory Management 289

Inventory Management Beauty and Health Management Point of Sale 289

Retail TouchPoints

JANUARY 6, 2023

Much of the pressure has come from inflation outpacing wage growth, and if that trend reverses (and the pace of inflation is already receding while the job market remains strong), shoppers may feel enough relief to increase their spending, whether by paying down debt or increasing consumption. Retailers Must Show Economic Empathy.

Payment Services 315

Payment Services Promotions Consumer Inventory Management 315

Retail TouchPoints

OCTOBER 16, 2024

retailers currently use AI in their strategies, with 97% planning to increase investments in 2024. According to one Gartner Market Guide : “By 2025, the top 10 global retailers by revenue will leverage contextualized real-time pricing…to manage and adjust in-store prices for customers.” through 2028. through 2028.

Consumer 291

Consumer Retailing Pricing Inventory Management Promotions 291

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

In the ever-evolving world of retail, efficient inventory management is the key to success. Retail Inventory Management Software, often abbreviated as RIMS, has become an indispensable tool for retailers of all sizes. What is Retail Inventory Management Software?

Inventory Management 62

Inventory Management Management Inventory Turnover Location 62

Retail TouchPoints

NOVEMBER 17, 2023

In manufacturing, product substitution can be a valuable tool for optimizing inventory management. Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly. Saxena’s previous product experience is in building retail planning solutions at Blue Yonder.

Customer Experience 229

Customer Experience Inventory Management Fulfillment Inventory Turnover 229

Retail TouchPoints

SEPTEMBER 18, 2020

As an example, in order to inform you about whether an item you’re interested in is in stock or not, the web site or app needs to pull information in real time from the brand’s inventory management system. Are there any commonalities in users with low conversion rates?

Consumer 338

Consumer Customer Experience Inventory Management Management 338

Retail TouchPoints

MARCH 15, 2024

Publications about marketing often invoke the comparison of a digital shelf with a physical one. Many companies can track their own digital shelf data, allowing them to align products across platforms, perform A/B testing and improve inventory management. This comparison, however, has its limits.

Inventory Management 224

Inventory Management Telecommunications Location Marketing 224

Retail TouchPoints

JANUARY 24, 2024

Despite expectations of a modest economic downturn, this period presents an opportunity for businesses to optimize their operations, improve marketing strategies and enhance their technological infrastructure. These AI applications range from optimizing pricing and inventory management to fraud prevention.

Social Commerce 213

Social Commerce Inventory Management Customer Experience Payment Services 213

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.

Inventory Management 260

Inventory Management Grocer Consumer Planning 260

Retail TouchPoints

SEPTEMBER 7, 2022

The pandemic led to a surge in ecommerce, yet there are signs of reawakening life in the brick-and-mortar experience, and physical stores are seeking to regain market share. For a store-within-a-store, those challenges are magnified by offering a wide range of rate plans, which means working with multiple carriers.

Kiosk 230

Kiosk Inventory Management Management Accounting 230

Retail TouchPoints

JULY 12, 2023

The survey also found that less than 13% of retail organizations are investing in technology to tackle these challenges, instead remaining focused on short-term fixes like increasing prices and running marketing campaigns. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

Payment Services 206

Payment Services Inventory Management Checkout Loss Prevention 206

Inside Retail

AUGUST 10, 2022

Developing and refining strategies within the following five action areas can help secure and fortify positioning on the digital shelf: Connect products to more channels Market at the right time Sell wherever consumers shop Optimise every channel Fulfil customer expectations.

Advertising 246

Advertising Fulfillment Shipping Inventory Management 246

Retail Minded

MAY 3, 2023

Retailers know that inventory management is time-consuming and can pose difficulties. Thanks to technology-enabled best practices, managing inventory is easier than ever. You can optimize inventory management and drive business results, whether you’re a small retailer or a large chain.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

Retail TouchPoints

DECEMBER 13, 2024

Moreover, a customer-centric QR implementation allows retailers to gather valuable data on consumer behavior and preferences, enabling more personalized marketing efforts and product recommendations. QR can also streamline inventory management and supply chain operations.

Payment Services 217

Payment Services Customer Experience Inventory Management Promotions 217

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. And yet the process that brands use for bringing products to market to serve that consumer hadn’t evolved at all.

Consumer 261

Consumer Merchant Services Planning Marketing 261

Retail TouchPoints

SEPTEMBER 13, 2024

By 2030, the smart retail market will be worth $91.36 That’s one reason why customers value seamless omnichannel experiences, such as mobile apps that are connected to inventory management software to enable searching for stocked products at local storefronts, or scanning mobile QR codes for loyalty programs and coupons.

Payment Services 231

Payment Services Checkout Inventory Management Kiosk 231

Retail TouchPoints

JULY 12, 2021

However, not having an ecommerce channel today will almost certainly guarantee losing market share and revenue. Good warehousekeeping leads to better customer service through improved inventory management, faster receiving, put-away, picking and shipping times, savings in labor costs and reducing expensive errors.

Merchant Services 271

Merchant Services Fulfillment Shipping Inventory Management 271

Inside Retail

FEBRUARY 23, 2023

He believes that Singapore is an important market for the brand, both globally and as a regional hub for the East Asia Pacific commercial cluster, thanks to its political stability and sound monetary and fiscal policies. This market has long been key to the Levi’s East Asia Pacific expansion plans.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail TouchPoints

JANUARY 9, 2024

Retail Media Networks that offer managed service advertising solutions are likely to take a more active approach to channel selection. They may partner directly with publishers to match data with their media or outsource help from inventory management teams. Leaving audio out is leaving money on the table.

Advertising 272

Advertising Inventory Management Management Consumer 272

Retail TouchPoints

FEBRUARY 25, 2021

Other benefits of the platform include: Ability to measure share of search on Amazon : Brands can use Ideoclick’s flagship methodology to compare with peers on percentage of estimated traffic, star ratings, review counts, price points and more for chosen search terms; Holistic “one-stop-shop” management: Ideoclick strategists can help companies build (..)

Advertising 144

Advertising Inventory Management Retailing Pricing Management 144