Remove Inventory Management Remove Marketing Remove Returns
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Black Friday 2024: Why automation is critical for Australian retailers

Inside Retail

Building a future-proof tech stack To survive and thrive during Black Friday, retailers must invest in tech solutions that integrate seamlessly with their current systems – inventory management, CRMs, and shipping tools.

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Rethinking Returns: Innovative Strategies for Retailers to Drive Growth in 2024

Retail TouchPoints

Long viewed as a necessary evil, the retail returns process is emerging as an unexpected avenue for growth and customer engagement. In the rapidly expanding ecommerce market, projected to reach $3 billion in 2023, a significant 20% to 30% of online purchases end up being returned. Speed-to-restock is key in the returns cycle.

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How AI is Revolutionising the Retail Sector

Retail Focus

This helps retailers optimise inventory levels, staffing, and promotions for smoother operations and waste reduction. Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. It also allows retailers to tailor pricing at an individual level.

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Sink or Swim: How Digital Transformation will Determine Company Success (or Failure) in 2025

Retail TouchPoints

Speed, consistent uptime and outstanding UX have emerged as non-negotiable elements for survival in todays fast-paced market. From 2018 to 2022, companies that embraced digital leadership saw average annual shareholder returns of 8.1% , compared to 4.9% The market is ruthless, and theres no more room for businesses to drag their feet.

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The Evolution of E-commerce: Trends Shaping the Future of Online Retail

Retail Focus

The e-commerce industry has experienced rapid growth and transformation in recent years, driven by technological advancements, changing consumer preferences, and global market shifts. These technologies are enabling retailers to provide personalized shopping experiences, optimize pricing strategies, and streamline inventory management.

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What’s in store for retailers in the battle for survival, success and supremacy?

Inside Retail

Faster deliveries will fuel higher return rates, demanding smarter logistics Instant gratification drives impulse purchases, but it may also increase return rates, placing greater strain on logistics networks. However, because it also adds complexity to inventory management, it makes transparency and proactive communication critical.

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The Future of In-Store Tech: How Digital Innovation is Shaping Retail

Retail Focus

These technologies not only enhance convenience but also reduce returns by helping shoppers make more informed decisions. IoT and Smart Inventory Management The Internet of Things (IoT) is revolutionising inventory management.