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 315

Payment Services Promotions Consumer Inventory Management 315

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 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

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 236

Inventory Management Point of Sale Promotions Jewelry 236

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 273

Inventory Management Department Stores Management Shopping 273

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

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

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 246

Markdowns Retailing Pricing Promotions Fulfillment 246

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

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

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 259

Fulfillment Returns Shipping Promotions 259

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.

Consumer 291

Consumer Retailing Pricing Inventory Management Promotions 291

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 229

Customer Experience Inventory Management Fulfillment Inventory Turnover 229

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

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 230

Kiosk Inventory Management Management Accounting 230

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 278

Marketing Promotions Consumer Customer Experience 278

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

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

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 232

Merchant Services Payment Services Promotions Location 232

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

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 224

Inventory Management Telecommunications Location Marketing 224

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 212

Payment Services Apparel Inventory Management Department Stores 212

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 231

Shopping Consumer Planning Inventory Management 231

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 229

Payment Services Inventory Management Promotions Checkout 229

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 290

Fulfillment Shipping Inventory Management Management 290

Retail TouchPoints

JULY 26, 2021

Building an online presence starts with a well-designed website supported by an effective digital marketing plan. If they’re selling on Amazon or another retail marketplace, they may also have some level of online presence to leverage. Web Design & Development. The first thing you need is a really great face to the world.

Wholesale 268

Wholesale Payment Services Fulfillment Returns 268

Inside Retail

AUGUST 11, 2023

points to 42 per cent, driven by higher levels of promotional activity. These improvements will grow our platform and are adapted to our current focus on careful cost and inventory management.” The numbers of orders and active customers dropped 28.1 per cent and 19 per cent, respectively. Revenue was down 18.6 per cent to $376.9

Fashion 130

Fashion Inventory Management Promotions Marketing 130

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

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 250

Returns Consumer Inventory Management Customer Experience 250

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 246

Payment Services Inventory Management Marketing Checkout 246

Retail TouchPoints

JULY 3, 2020

Smart shelves are systems made up of a variety of technologies designed to help retailers make smarter inventory planning and merchandising decisions, automatically sense stock levels, and collect customer data like foot traffic patterns, shopping behavior and more. Smart shelves need power, but what is the best way to deliver it?

ATS 197

ATS Supermarket Promotions Inventory Management 197

Retail Smart Guys

SEPTEMBER 20, 2023

By creating a structured maintenance checklist, you can ensure that every aspect of your store is well-maintained, promoting a positive shopping experience and maximizing profitability. Plan for repairs or repaint as necessary. Stock Levels: Regularly check inventory levels and reorder products as needed.

Inventory Management 105

Inventory Management Promotions Management Planning 105

I Vend

MAY 8, 2024

Inventory management – Managing inventory in wine and liquor retail can prove to be a big headache. Loyalty and promotions – liquor retailers want to create loyal customers who return to the store for all their alcohol purchases. A loyalty system and tailored promotions encourage this behaviour.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

Retail TouchPoints

NOVEMBER 18, 2021

Recent data shows that people plan to buy more gifts and spend more money than they did in 2020. In this rapidly changing environment, retailers need a powerful data platform that can help them adapt and respond with more flexibility and agility than ever before to capture digital and omnichannel shoppers and optimize their inventory.

Supply Chain Management 226

Supply Chain Management Fulfillment Shipping Inventory Management 226