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. . Offer Promotions & Product Markdowns. Donate Excess Inventory. Liquidate Excess Inventory.

Inventory Management 93

Inventory Management Wholesale Management Markdowns 93

Retail TouchPoints

OCTOBER 19, 2023

David’s Bridal is dramatically reshaping its executive suite via internal promotions, including three C-level appointments. The promoted executives include: Bob Walker, who joined David’s Bridal in 2019 as Chief Retail Officer, has been promoted to COO. in July 2023.

Inventory Management 218

Inventory Management Promotions Finance Store Operations 218

Retail TouchPoints

OCTOBER 20, 2022

Collectively, the VUSION suite of services are designed work together to promote agility, sustainability and an improved customer experience.

Inventory Management 232

Inventory Management Promotions Customer Experience Management 232

Retail TouchPoints

MAY 15, 2023

Developing Personalized Experiences From a technical perspective, a lot of work is required of marketing and developers to build content for smart speakers. Just as they can personalize and promote products when consumers turn on an app or smart speaker, brands can send a personalized message when consumers turn off the gadget.

Marketing 191

Marketing Inventory Management Consumer Shopping 191

Retail TouchPoints

MARCH 29, 2021

Ecommerce first promised consumers convenience, but in the last decade it has also brought increasing value to market by combining its transactional data with shopper journey data — offering manufacturers near-real-time metrics on campaign performance. Do I have the right data strategy to drive shopper loyalty?

Advertising 291

Advertising Inventory Management Promotions Marketing 291

Inside Retail

FEBRUARY 2, 2024

Meanwhile, with traditional dropshipping, the goods will ship blind, without any marketing material that reveals the identity of the supplier. The model gives suppliers more control over pricing and promotion. There’s no need to invest in extra staff, marketing or promotions.

Fulfillment 246

Fulfillment Department Stores Wholesale Fast Fashion 246

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.

Payment Services 315

Payment Services Promotions Consumer Inventory Management 315

Retail TouchPoints

OCTOBER 16, 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.” Smarter promotional strategies can lead to better deals for shoppers. through 2028.

Consumer 291

Consumer Retailing Pricing Inventory Management Promotions 291

Retail TouchPoints

AUGUST 27, 2021

How can a brand know which traffic is attributed to internal marketing efforts vs. driven by their embedded stores? Facing the complex task of data analysis, artificial intelligence can help retailers determine customer promotions of interest and potential customer churn.

Inventory Management 273

Inventory Management Department Stores Management Shopping 273

Retail TouchPoints

NOVEMBER 17, 2022

The company has promoted EVP and Chief Commercial Officer Sean Thompson to the role of President and Chief Commercial Officer, adding marketing and ecommerce roles to his existing responsibilities. Smith brings more than 25 years of supply chain experience to the role, most recently as EVP, Global Supply Chain at Carter’s.

Inventory Management 207

Inventory Management Promotions Marketing Management 207

Retail TouchPoints

JANUARY 18, 2022

The retailer will use the technology to help position it for store and supply chain growth as well as dynamic marketing opportunities. The RELEX solution is designed to improve inventory optimization at the store level as well as further upstream, according to Susan Boyme, VP, Strategic Accounts at Sheetz. “It

Planning 190

Planning Inventory Management Accounting Promotions 190

Retail TouchPoints

SEPTEMBER 22, 2022

Retailers are planning to cut back in one area: marketing. Companies plan to spend 30% of their marketing budget during the holidays, down from 36% in 2021. Kramer expects this to be offset by more promotional activity, which he called “one of the more significant levers that retailers can pull.”

Promotions 229

Promotions Fulfillment Inventory Management Drop-Shipping 229

DMS Retail

OCTOBER 1, 2021

In this new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Inventory Control. Promotions.

Inventory Management 59

Inventory Management Management Space Planning Planning 59

Inside Retail

SEPTEMBER 3, 2024

It’s anticipated that the global AI retail market will soar past A$36 billion by 2028 and exceed A$70 billion by 2032, highlighting its growing importance and undeniable impact. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

JANUARY 15, 2024

Within the larger global market, McKinsey estimates that the retail and CPG sectors have the most to gain from AI , with potential to harness the tech and drive huge improvements in operational efficiency as well as the customer and employee experience. But many of these tasks may just represent the low-hanging AI fruit.

Loss Prevention 293

Loss Prevention Planning Customer Experience Inventory Management 293

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 2: Order cycle time.

Fulfillment 259

Fulfillment Returns Shipping Promotions 259

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

AUGUST 17, 2021

From backend inventory optimization to identifying salesfloor hotspots to highly targeted marketing programs, we’re seeing an influx of great retailing practices, all being driven by AI. Online retailers are using AI to create intent-based promotions. AI has a lot to offer grocery stores, especially in inventory management.

Checkout 300

Checkout Payment Services Customer Experience Inventory Management 300

Retail TouchPoints

DECEMBER 13, 2024

The retail industry in particular has largely embraced these 2D barcodes to elevate shopping experiences, using the technology to access everything from contactless payments and product content to price comparisons and personalized promotions. QR can also streamline inventory management and supply chain operations.

Payment Services 217

Payment Services Customer Experience Inventory Management Promotions 217

Inside Retail

JANUARY 3, 2023

From smart shopping carts and intelligent buying assistants, to dynamic pricing algorithms and inventory tracking systems, retailers will have access to a wealth of powerful tools that enhance their ability to meet customers’ needs and respond quickly to changes in the market. . Payment systems evolution.

Payment Services 290

Payment Services Shopping Checkout Kiosk 290

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.

Customer Experience 229

Customer Experience Inventory Management Fulfillment Inventory Turnover 229

Retail TouchPoints

JUNE 26, 2023

A number of major retailers have had some form of adoption because of its ability to materially improve inventory management, but it hasn’t offered the same benefit to the customer experience. For example, a customer can scan a 2D barcode on a package of pasta sauce and instantly view ingredients, allergens, recipes and promotions.

Merchant Services 261

Merchant Services Inventory Management Grocer Customer Experience 261

Retail TouchPoints

JULY 17, 2023

According to Grand View Research , the global IoT retail market was valued at $42.38 Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. billion in 2022 and is expected to grow at a CAGR of 28.4% from 2023 to 2030. Self-checkout.

Payment Services 223

Payment Services Checkout Inventory Management Customer Experience 223

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

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 6, 2021

Elder, founder of Black Label Advisor , a firm that advises sellers on how to maximize their marketplace business, shared what he wished he’d known before becoming an Amazon seller, and why many distinctive brands remain wary of selling via Amazon despite its massive market power.

Fulfillment 284

Fulfillment Shipping Inventory Management Returns 284

Retail TouchPoints

OCTOBER 22, 2021

The process of building an online store goes beyond just understanding the market you are about to enter. There are also distinct services for accounting, inventory management, email and marketing automation, analytics and so on. Always be working on digital marketing. Buy premium web hosting.

Payment Services 229

Payment Services Inventory Management Promotions Checkout 229

Retail TouchPoints

MAY 9, 2023

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Creating a seamless inventory management journey. What’s Next?

Payment Services 246

Payment Services Inventory Management Marketing Checkout 246

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. How Farfetch Boosted Customer Satisfaction 25% with Customer-Centric AI.

Merchant Services 232

Merchant Services Payment Services Promotions Location 232

Retail TouchPoints

MARCH 9, 2022

It’s those retailers that can most quickly and accurately react to these turbulent market forces and behaviors that are creating the most innovative and positive customer experiences. This is problematic because customer data should guide a majority of business decisions including marketing, inventory management, merchandising and more.

Store Layout 284

Store Layout Customer Experience Marketing Inventory Management 284

Retail TouchPoints

JULY 26, 2021

Building an online presence starts with a well-designed website supported by an effective digital marketing plan. Digital Marketing. While you are no doubt familiar with brand marketing, online customer acquisition is a whole different animal. Web Design & Development. Building a Tech Stack.

Wholesale 268

Wholesale Payment Services Fulfillment Returns 268

Wiser

AUGUST 13, 2019

Whether you achieve this goal or not can be summed up with one metric: market basket size. What is a market basket? A small market basket size is one item—what counts as a large basket is up to you. Ensure your inventory management is working properly. Offer Promotions. What does a good promotion look like?

Marketing 103

Marketing Store Layout Promotions Inventory Management 103

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 MANAGEMENT SOFTWARE

NOVEMBER 7, 2023

Traditional marketing strategies alone are no longer sufficient in today’s digital age. Enter Artificial Intelligence (AI), a game-changing technology that is revolutionizing the way businesses approach marketing in these industries. This data helps companies make informed decisions about marketing and branding strategies.

Marketing 95

Marketing Inventory Management Supply Chain Management Store Layout 95

Wiser

DECEMBER 4, 2023

For brand manufacturers, retail monitoring is a critical aspect of maintaining and enhancing market presence. They provide access to a broader customer base and facilitate entry into new markets, crucial for scaling operations. On top of this, insufficient retail monitoring could lead to ineffective inventory management.

Inventory Management 146

Inventory Management Promotions Visual Merchandising Management 146

Inside Retail

SEPTEMBER 5, 2021

This can be seen in T2’s approach to pricing and promotions, which is now consistent across stores and online, and inventory management. . “As consumer buying behaviour changes, we identified a need to both maintain what is special about T2, but also [create] a far more seamless online-offline [experience].”.

Inventory Management 240

Inventory Management Fulfillment Promotions Planning 240

Retail Gazette

FEBRUARY 22, 2024

By leveraging AI algorithms, retailers can analyse vast amounts of customer data, including purchase history, browsing behaviour and demographic information, to tailor product recommendations and marketing messages. According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122