Retail TouchPoints

JANUARY 15, 2024

Nvidia surveyed more than 400 retail professionals at all organizational levels and found that while AI adoption is still in its early stages, more than 60% of respondents are planning to boost their AI investments in the next 18 months. But many of these tasks may just represent the low-hanging AI fruit.

Loss Prevention 307

Loss Prevention Planning Customer Experience Inventory Management 307

Retail TouchPoints

JANUARY 6, 2023

The challenge for retailers is understanding where their customers will be six months from now and positioning their inventories, promotional plans and overall business outlook accordingly. Promotions can be Effective in this ‘Deal-Seeking’ Environment. Unfortunately, history isn’t providing retailers with much guidance.

Payment Services 359

Payment Services Promotions Consumer Inventory Management 359

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Plan before buying your inventory- Use your data to determine what you should order.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

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 98

Inventory Management Wholesale Management Markdowns 98

Retail TouchPoints

AUGUST 5, 2024

“For example, if a customer does a product return at the register, and then [the product] gets reintroduced into inventory — all those steps are built into the process now. Additionally, Jumpmind built an inventory management tool into the POS, so we can transfer product, receive product and do cycle counts — it’s all baked in now.”

Inventory Management 261

Inventory Management Point of Sale Promotions Jewelry 261

Wiser

OCTOBER 29, 2024

It’s no surprise that 63.88% of shoppers expect pricing and promotions to be consistent across online and in-store channels. Consumers often plan their shopping journeys around what’s in stock, and inaccurate inventory information can quickly lead them to turn to competitors.

Management 78

Management Inventory Management Consumer Promotions 78

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. . Facing the complex task of data analysis, artificial intelligence can help retailers determine customer promotions of interest and potential customer churn.

Inventory Management 274

Inventory Management Department Stores Management Shopping 274

Retail TouchPoints

FEBRUARY 20, 2025

One answer is that the connected capabilities of the cart allow retailers to provide customers with more relevant promotions and recommendations. New integrations with pricing and promotions platform Eversight (which Instacart acquired in late 2023 ), such as list-syncing from app to cart , are in the works.

Grocer 185

Grocer Shopping Consumer Management 185

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. 1: Demand forecasting. 2: Order cycle time.

Fulfillment 306

Fulfillment Returns Shipping Promotions 306

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 274

Markdowns Retailing Pricing Promotions Fulfillment 274

Wiser

NOVEMBER 19, 2024

This allows headquarters and field teams to correlate store conditions (like product placement, promotion compliance, and availability) with actual sales performance, leading to smarter, faster decision-making. Identify trends in promotion execution or availability that may be affecting performance.

Promotions 78

Promotions Inventory Management Consumer Accounting 78

Inside Retail

NOVEMBER 6, 2023

“Zebra Workcloud is a purpose-built suite of enterprise applications designed specifically for the front-line worker to better optimise labour decisions, simplify and streamline communication and improve inventory management.”

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Independent Retailer

NOVEMBER 15, 2024

Management is aimed not only at increasing sales, but also at building customer loyalty and reducing costs. Also: 3 Strategies to Help Grow Your Business Importance of Retail Management Effective retail management can be your competitive advantage. What is the objective of retail management?

Management 105

Management Wholesale Visual Merchandising Promotions 105

Retail TouchPoints

NOVEMBER 17, 2023

In manufacturing, product substitution can be a valuable tool for optimizing inventory management. They also offer discounts, promotions, free shipping and other value-added services for substitute products to make them more appealing. Saxena’s previous product experience is in building retail planning solutions at Blue Yonder.

Customer Experience 261

Customer Experience Inventory Management Fulfillment Inventory Turnover 261

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 246

Promotions Fulfillment Inventory Management Drop-Shipping 246

Inside Retail

FEBRUARY 8, 2024

Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

SEPTEMBER 7, 2022

For a store-within-a-store, those challenges are magnified by offering a wide range of rate plans, which means working with multiple carriers. Added to that, even on a single device and rate plan sale, the retailer might be tracking upwards of five different subsidy types, depending on promotions at that time.

Kiosk 261

Kiosk Inventory Management Management Accounting 261

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. Assortment Planning. What is Assortment Planning?,

Inventory Management 59

Inventory Management Management Space Planning Planning 59

DMS Retail

AUGUST 5, 2021

In this brand 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. Assortment Planning. What is Assortment Planning?,

Inventory Management 59

Inventory Management Management Space Planning Planning 59

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 260

Payment Services Customer Experience Inventory Management Promotions 260

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.

Merchant Services 282

Merchant Services Payment Services Promotions Location 282

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 261

Inventory Management Grocer Consumer Planning 261

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 28, 2025

According to NRF’s 2024 Retail Technology report, over 75% of retailers are planning significant investments in technology to enhance their operations this year. Retailers need technologies that allow them to share up-to-date product availability and promotional offers seamlessly across all platforms.

Inventory Management 52

Inventory Management Payment Services Fulfillment Customer Experience 52

Retail TouchPoints

OCTOBER 14, 2021

That’s a key reason that the the holiday promotions cycle has kicked off earlier than ever before , with Amazon, Walmart and Target leading the charge. There’s another advantage to earlier-than-usual holiday promotions. Early Birds Get the Products. In a world where things were normal you could place POs [purchase orders] on Nov.

Marketing 293

Marketing Promotions Consumer Customer Experience 293

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines.

Payment Services 259

Payment Services Apparel Inventory Management Department Stores 259

Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. Promoting early and often is a major theme for BTS,” said Ellin. Want to Expand Back-to-School Shopping Baskets?

Shopping 288

Shopping Consumer Planning Inventory Management 288

Retail TouchPoints

MARCH 15, 2024

Many companies can track their own digital shelf data, allowing them to align products across platforms, perform A/B testing and improve inventory management. The fact that you can adapt your digital display very quickly as compared to physical inventory management allows businesses to benefit from multiple types of external data.

Inventory Management 261

Inventory Management Telecommunications Location Marketing 261

Inside Retail

AUGUST 10, 2022

Building a winning strategy through product catalogue selection, pricing, inventory management and great customer service. Start with a plan during each phase and continuously evaluate and modify plans, as needed, to achieve – and sustain – winning results.

Advertising 246

Advertising Fulfillment Shipping Inventory Management 246

Retail TouchPoints

OCTOBER 22, 2021

There are also distinct services for accounting, inventory management, email and marketing automation, analytics and so on. Every page needs to load fast to get high conversions, which is why you had better spend your money on a premium web hosting plan now rather than address these issues later. Buy premium web hosting.

Payment Services 261

Payment Services Inventory Management Promotions Checkout 261

Retail TouchPoints

SEPTEMBER 23, 2022

A 3PL provides a safety net for planned or unanticipated increases in demand, so you don’t have to worry about fulfilling scheduled orders or laying off employees when the busy season ends. Since the company owns the warehouse, it can customize the size, location, order and inventory management.

Fulfillment 328

Fulfillment Shipping Inventory Management Management 328

Retail TouchPoints

JANUARY 6, 2021

The beauty is that the seller can capture customers’ personal information and email address, which means they can start doing newsletters and sending promotions about a sale or a new product launch. RTP: The New York Times Magazine recently ran a big story about Shopify. You can focus on growing your business and R&D for your products.

Fulfillment 284

Fulfillment Shipping Inventory Management Returns 284

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 Focus

SEPTEMBER 7, 2021

Supply chains must be agile enough to cope with unexpected gaps in workforces, which involves two levels of contingency planning. The first affects stock inventory management. The second level of contingency planning involves personnel resourcing strategies. 3) Scale up scenario planning.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Inside Retail

FEBRUARY 23, 2023

This market has long been key to the Levi’s East Asia Pacific expansion plans. Leveraging data and AI has also played a role in optimising promotions and improving inventory management. This, he said, provides a stable environment to do business.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail TouchPoints

JANUARY 13, 2023

What’s more, merchandising rules enable ecommerce sites to rank how items appear in a gallery, banner or carousel, to promote and demote products and, in turn, improve your business metrics. At least 49% of consumers have purchased a product they didn’t plan to after receiving a personalized product recommendation.

Returns 284

Returns Consumer Inventory Management Customer Experience 284

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.

Payment Services 284

Payment Services Inventory Management Marketing Checkout 284

RETAIL MANAGEMENT SOFTWARE

MAY 21, 2024

One such solution that has been gaining significant traction in recent years is Enterprise Resource Planning (ERP) software. From inventory management issues to poor integration between systems, these pain points can significantly impact a retailer’s bottom line. What is ERP in Retail?

Inventory Management 110

Inventory Management Supply Chain Management Promotions Management 110