Retail Focus

FEBRUARY 4, 2025

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. This improves productivity and reduces costs.

Inventory Management 162

Inventory Management Markdowns Checkout Customer Experience 162

Inside Retail

MARCH 17, 2025

Our customer expects things quicker, the process to be more seamless, the ability to do returns, and better advice all of which has a cost associated, Millar said. Reinventing inventory management Since the onset of the pandemic, consumer demand has fluctuated and forced retailers to reassess their inventory management and processes.

Fulfillment 248

Fulfillment Inventory Management Supply Chain Management Apparel 248

Inside Retail

MARCH 31, 2025

Technologies such as real-time inventory management, automated picking systems, and flexible fulfilment models are playing a key role in enhancing operational efficiency. Enhanced pick/pack precision minimises errors and returns, while smarter inventory management and order orchestration reduce inefficiencies.

Fulfillment 147

Fulfillment Inventory Management Customer Experience Consumer 147

Retail Focus

FEBRUARY 6, 2025

Features like booking an in-store pickup online or returning online purchases in person are now viewed less as perks and more as baseline expectations. Cross-Channel Returns and Exchanges Returns and exchanges can be a significant sticking point, particularly when orders are made through one channel and returned through another.

Payment Services 147

Payment Services Returns Technical Support Promotions 147

I Vend

FEBRUARY 6, 2023

This lack of inventory costs retailers an estimated up to 8% of revenue in lost sales. iVend Retail Inventory Management Inventory management drives store efficiency and customer experience. Read about iVend’s smart retail technology for inventory management.

Inventory Management 98

Inventory Management Management Shrinkage Returns 98

Retail Focus

MARCH 13, 2025

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.

Payment Services 147

Payment Services Checkout Inventory Management Kiosk 147

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. These items need to be replaced and either returned to the vendor or donated.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retail TouchPoints

NOVEMBER 22, 2022

The NYC-headquartered Fillogic will support the retailer through ecommerce and store-based fulfillment, reverse logistics and returns, forward-staging of inventory and final-mile delivery. The space will allow the retailer to stage inventory, satisfy merchandise pickup and delivery and fulfill store-based and ecommerce orders.

Fulfillment 288

Fulfillment Payment Services Inventory Management Department Stores 288

Inside Retail

NOVEMBER 14, 2024

Research shows that a lousy customer experience will deter 76 per cent of customers from returning to shop on your platform. They trust your business to fulfil their purchases on time and in full – and for returns to be convenient. So, it is critical to optimise service and customer experience online.

Fulfillment 130

Fulfillment Returns Customer Experience Management 130

Independent Retailer

AUGUST 1, 2022

Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy. As manufacturing and supply chain disruption increases, retailers must optimize inventory management to give customers a better experience. years, on average. .

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

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. . Donate Excess Inventory. Adopt a Probabilistic Model of Inventory Management.

Inventory Management 98

Inventory Management Wholesale Management Markdowns 98

I Vend

NOVEMBER 6, 2023

Retail is still in the post-pandemic shake-down, with some shoppers loving the return to stores, but others now entrenched with ecommerce as their ‘normal’; inflation is still impacting shoppers’ discretionary spend and the cost of living crisis is making many think twice about purchases they would have made without a care a few short years ago.

Inventory Management 90

Inventory Management Management Point of Sale Returns 90

Retail TouchPoints

MAY 6, 2022

The goal is to provide a turnkey end-to-end solution for independent brands through localized fulfillment and enhanced last-mile options, regardless of whether or not they use the Shopify platform.

Fulfillment 312

Fulfillment Merchant Services Inventory Management Wholesale 312

Retail TouchPoints

JUNE 15, 2023

The solution aims to give retailers the ability to monitor orders in real time across all stages of the fulfillment process, with the goal of making it easy for customer support teams to answer shopper questions about shipment progress and the status of their returns.

Merchant Services 277

Merchant Services Fulfillment Inventory Management Shipping 277

Retail TouchPoints

MARCH 11, 2021

A frictionless return experience is critical. The survey found that returning an item ranked as the No. However, 60% of retailers surveyed do not allow shoppers to return or exchange an item during checkout, adding an unnecessary obstacle to flipping the return interaction from a loss to a profit.

Fulfillment 321

Fulfillment Inventory Management Returns Point of Sale 321

Retail TouchPoints

JANUARY 30, 2025

From 2018 to 2022, companies that embraced digital leadership saw average annual shareholder returns of 8.1% , compared to 4.9% As AI continues to prove its worth in critical areas like inventory management and security, the pressure to adopt these technologies also is mounting.

Customer Experience 256

Customer Experience Inventory Management Marketing Returns 256

Inside Retail

MARCH 5, 2025

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.

Fulfillment 130

Fulfillment Shipping Customer Retention Inventory Management 130

Retail TouchPoints

AUGUST 17, 2022

76% of consumers say convenience is a key priority when selecting a retailer, so an automated inventory management process is a critical component of any growing ecommerce business’ success. of online purchases were returned — up from 18.1% Cheryl Williams, Return Rabbit. Incident management. “On In 2021, 20.8%

Payment Services 363

Payment Services Advertising Returns Checkout 363

Retail TouchPoints

AUGUST 13, 2024

Financial terms of the deal were not disclosed. With this acquisition, Trove will integrate its resale capabilities, which include store trade-ins, digital trade-ins, returns processing, non-new inventory management and resale site building and management with Recurate’s peer-to-peer expertise, operational network and Shopify integrations.

Inventory Management 278

Inventory Management Returns Management Marketing 278

RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2024

Enhanced Inventory Management Effective inventory management is vital for retail success. A centralized database provides retailers with a comprehensive view of stock levels across all stores, warehouses, and online platforms, allowing them to make informed decisions regarding inventory replenishment and distribution.

Inventory Management 111

Inventory Management Location Management Supply Chain Management 111

Retail Focus

FEBRUARY 24, 2022

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. The post Supply chain confidence returning for retailers appeared first on Retail Focus - Retail Design.

Returns 130

Returns Inventory Management Shipping Management 130

Retail TouchPoints

FEBRUARY 17, 2022

Additionally, fabric’s inventory management capabilities will help the retailer improve accuracy and transparency across all three of its banners to boost the customer experience. In return, fabric will tap Chico’s expertise as an omnichannel boutique retailer to drive its own development and innovations.

Social Commerce 278

Social Commerce Inventory Management Boutique Shipping 278

Inside Retail

MARCH 17, 2022

Unified commerce is the new holy grail for retailers, promising previously unheard-of levels of customer insights and control over all elements of sales and inventory management. Buy online, return in-store. Smarter inventory management enabled by unified commerce allows stores to resell the item or return it to the warehouse.

Checkout 246

Checkout Drop-Shipping Payment Services Inventory Management 246

Retail TouchPoints

OCTOBER 4, 2024

It’s understandable that retailers are frustrated by persistently high product return rates, especially for ecommerce purchases ( 15.4% sell it on a marketplace versus reintroducing it into regular inventory). sell it on a marketplace versus reintroducing it into regular inventory). Make return policies crystal clear.

Returns 263

Returns Inventory Management Consumer Management 263

Retail Focus

MARCH 7, 2025

These technologies are enabling retailers to provide personalized shopping experiences, optimize pricing strategies, and streamline inventory management. Increased Efficiency : AI helps retailers optimize stock levels, improving inventory management and reducing costs.

Social Commerce 130

Social Commerce Payment Services Inventory Management Consumer 130

Retail TouchPoints

OCTOBER 6, 2023

To succeed in the holiday peak season and ensure seamless fulfillment, deliveries, and returns, it’s essential for these partners to monitor key metrics, analyze operational data and maintain communication. 4: Return rates. Returns are an inevitable part of retail. Consider the following six metrics as North Star indicators.

Fulfillment 310

Fulfillment Returns Shipping Promotions 310

Retail TouchPoints

SEPTEMBER 16, 2022

Nordstrom reported a 12% sales increase for the quarter ended July 30, 2022 as customers updated their wardrobes and returned to events. In contrast Liverpool’s shares rose 10% since the start of the year, and it posted double-digit revenue growth for Q2 2022 due to good inventory management and a better mix of products.

Inventory Management 246

Inventory Management Department Stores Returns Management 246

Inside Retail

NOVEMBER 23, 2023

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

Retail TouchPoints

AUGUST 13, 2020

Every business has to manage excess capacity and/or inventory: restaurants have excess food and empty tables; hotels and homeowners have vacant rooms; retailers have overstock and returns. Inventory levels will be further exacerbated by a spike in returns. Applying Marketplace Dynamics To Excess Inventory.

Apparel 279

Apparel Inventory Management Finance Returns 279

Inside Retail

JUNE 27, 2024

This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventory management and pricing at its core. A better supply chain In a third case, a global jewellery brand was having problems with its order management system (OMS) in the Apac region.

Inventory Management 260

Inventory Management Fulfillment Store Layout Shipping 260

Retail TouchPoints

JULY 12, 2021

Good warehousekeeping leads to better customer service through improved inventory management, faster receiving, put-away, picking and shipping times, savings in labor costs and reducing expensive errors. New Solutions for Ecommerce Fulfillment (and Returns). As you might imagine, this is incredibly time consuming.

Merchant Services 279

Merchant Services Fulfillment Shipping Inventory Management 279

Retail TouchPoints

JANUARY 30, 2023

As such, the store itself features a “completely reimagined” layout and inventory management system developed to enable “accurate and affordable grocery pickup in minutes.” Consumers purchase groceries through the Addie’s app or website and then choose a pickup window. of all U.S. grocery sales by 2026, according to Mercatus.

Grocer 312

Grocer Planning Supermarket Inventory Management 312

Retail TouchPoints

AUGUST 27, 2021

Nearly any store-within-a-store model will mandate a store-wide shift in inventory management to make way for new products and increased storage from the partner brand. New inventory management offerings can help retailers deal with the added complexity of nested store inventory using end-to-end monitoring tools.

Inventory Management 279

Inventory Management Department Stores Management Shopping 279

Retail TouchPoints

MARCH 25, 2025

The return of sweeping tariffs under the new administration has sent ripples through global supply chains, creating a landscape of uncertainty that businesses need to navigate carefully. A supply chain management system that utilizes AI/ML and real-time analytics can transform inventory planning into an intelligent and responsive process.

Supply Chain Management 173

Supply Chain Management Planning Fulfillment Inventory Management 173

Retail TouchPoints

MAY 10, 2024

Getting and managing the right information for your product catalogs is a time-consuming task, and you aren’t 100% sure your data meets the quality standards necessary to keep each sale from becoming a return: accurate, complete and up-to-date. What to Look for in a Data Management Hub A user-friendly interface.

Management 290

Management Inventory Management Returns Fulfillment 290

Retail Focus

MARCH 29, 2022

One of the ways in which retailers can more accurately monitor and therefore predict how consumer behaviour will change is having access to accurate data about what’s impacting the sale and return of their products. . Trying before buying’ will play a big part in contributing towards the growing volume of returns in 2022.

Consumer 211

Consumer Inventory Management Payment Services Returns 211

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

In the ever-evolving world of retail, efficient inventory management is the key to success. Retail Inventory Management Software, often abbreviated as RIMS, has become an indispensable tool for retailers of all sizes. What is Retail Inventory Management Software?

Inventory Management 64

Inventory Management Management Inventory Turnover Location 64