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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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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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Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. Effective inventory management plays a vital role in this — and data-led solutions can make a real difference here. It all adds up to a challenging scenario for retailers and suppliers. years, on average.

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JCPenney Joins SPARC Group to Form Catalyst Brands

Retail TouchPoints

The company plans to integrate complementary strengths such as product design and sourcing capabilities, deep supplier relationships and a growing use of AI and data-driven technology to enhance supply chain and inventory management capabilities and deepen customer relationships.

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How AI is set to revolutionise inventory management

Inside Retail

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

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

Retail TouchPoints

Shelf analytics have been a planned feature since Sam’s Club began introducing its own robots in fall 2020. Walmart has been working with Brain Corp and Tennant, which produces the robots themselves, since the retail giant started rolling out the floor-scrubbing robots in 2018.

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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.