Inside Retail

JUNE 28, 2022

The 684.6sqm retail space is located in Setia City Mall, one of the largest shopping complexes in Shah Alam. Huang explained that Miniso has leased 20 warehouses to distribute products, eight of which are overseas and will be used for deliveries to nearby markets, further reducing logistics and transport costs. Miniso 3.0,

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

Global Shop

JULY 19, 2024

With a multitude of products being produced and sold across a variety of locations, including mobile trailers used for on-site sales at NASCAR events, Simpson struggled to maintain accurate inventory data. In 1999, they implemented a one-system ERP solution to manage their multi-location inventory.

Location 52

Location Inventory Turnover Inventory Management Management 52

Inside Retail

FEBRUARY 26, 2024

There was good news in January when the Consumer Price Index slowed to the lowest rate in two years; however, experts recognise that the most volatile factors, such as rental rates and energy markets, remain the biggest drivers. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Inside Retail

JANUARY 30, 2024

Evri’s partners will gain valuable insights into the Chinese market, including consumer behaviour, marketing and pricing strategies, product selection advice, and online operational strategies tailored to the unique demands of the Chinese market.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 17, 2024

Enhanced Team Communication and Collaboration Effective communication is crucial for retail success, especially during the holiday season when staff are dealing with increased customer traffic and inventory turnover. These tools allow retailers to: Share updates on inventory levels, promotions, and store changes quickly.

Inventory Management 111

Inventory Management Inventory Turnover Management Customer Experience 111

I Vend

SEPTEMBER 10, 2023

For example it enables effective marketing – using the POS for customer data tracking and to gather insights that inform and feed into creating promotions that will drive revenue and profit. This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit.

Point of Sale 111

Point of Sale Inventory Turnover Management Inventory Management 111

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

Product Categorization : Effective product categorization is a crucial feature of Retail Inventory Management Software. It allows retailers to classify products into different categories, subcategories, or tags, making it easier to organize and locate items.

Inventory Management 64

Inventory Management Management Inventory Turnover Location 64

Storis

SEPTEMBER 16, 2024

The process of assigning serial numbers to inventory pieces is a critical aspect of efficient inventory management, particularly in the appliance retail market. This insight empowers them to optimize inventory allocation, prevent stockouts, and minimize excess inventory carrying costs.

Inventory Management 52

Inventory Management Inventory Turnover Management Point of Sale 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Inventory Distribution : Manage inventory distribution across multiple locations to ensure stock availability where needed. Customer Experience Management : Personalized Marketing : Utilize CRM features to track customer preferences and tailor marketing efforts to individual needs.

Payment Services 52

Payment Services Inventory Management Inventory Turnover Fulfillment 52

Retalon

AUGUST 5, 2020

Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Inventory Turnover Ratio. The Inventory Turnover Ratio represents the total cost of goods sold over a period divided by the average inventory cost.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retail Minded

MAY 3, 2023

Using scanners, such as RFID scanners from Lowry , is an excellent tool for improving inventory count accuracy. These scanners use radio waves to read electronic tags on products, allowing quick and accurate inventory location and quantity identification. It improves accuracy and saves time compared to manual counting.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 13, 2024

These reports provide valuable insights into sales trends, best-selling items, and peak times, helping store owners make informed decisions about inventory and marketing strategies. CRM Integration: Integrate with CRM systems to track customer interactions, manage loyalty programs, and send personalized marketing communications.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

FEBRUARY 10, 2025

As a business grows and introduces more products, locations, and channels, the complexity of managing merchandise planning increases exponentially. Spreadsheets, which work for small-scale operations, become cumbersome and unreliable for multi-location retailers managing thousands of SKUs. billion in 2024 to $85.07

Planning 41

Planning Inventory Turnover Markdowns Location 41

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Consider just a few things that change from year to year: Changes in product mix Channels and locations open, close, or move.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 30, 2024

Gain insights into product performance, helping to optimize inventory turnover. Benefits include: Analyzing sales trends and customer behavior to refine marketing strategies. Identifying underperforming products and discontinuing them or running promotions to clear inventory.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

Storis

SEPTEMBER 12, 2024

The Key to Unlocking Efficiency and Profitability In the fast-paced world of furniture retail, managing inventory across multiple locations presents a formidable challenge. Efficient inventory management is crucial for success in the furniture retail industry.

Inventory Management 52

Inventory Management Management Inventory Turnover Fulfillment 52

CJ Retail Solutions

AUGUST 8, 2024

Retailers who prioritize and invest in effective product merchandising strategies can gain a competitive advantage in the market. Expanding Reach and Convenience In addition, e-commerce platforms have opened up new opportunities for retailers to expand their reach and engage with customers beyond physical store locations.

Cross Merchandising 52

Cross Merchandising Promotions Inventory Turnover Bundled Pricing 52

Retalon

FEBRUARY 10, 2022

You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. A low rate of inventory turnover. Low demand inventory builds up resulting in overstocks. No room for in-demand inventory . Stagnant inventory is occupying shelf space, in-place of high demand products. .

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

Retalon

AUGUST 14, 2023

Key capabilities include: Demand forecasting and modeling Recommendations for optimal stock levels Alerts for low stocks or slow-moving items Historical sales analysis Supply chain performance analytics In essence, the software acts like a command center for your inventory. You respond confidently instead of scrambling reactively.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Inside Retail

FEBRUARY 10, 2025

Similarly, beauty giant Adore Beauty, after 25 years online, has opened its first physical location in Melbourne to provide hands-on consultations and personalised recommendations. Element enables Walmart to automate decision-making at scale, optimising inventory placement, demand forecasting, and logistics across its entire supply chain.

Inventory Turnover 162

Inventory Turnover Supply Chain Management Finance Fulfillment 162