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How AI is Revolutionising the Retail Sector

Retail Focus

Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. Optimised Pricing Finding the optimal price point to maximise profits while remaining competitive is a constant balancing act in retail. This improves productivity and reduces costs.

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Eddie Bauer Aims to ‘Eliminate Barriers to the Outdoors’ with New Rental Program

Retail TouchPoints

Eddie Bauer is following the lead of other top retailers and getting into the rental business with the launch of a new program that will allow customers to rent its technical apparel and gear at “a fraction of the full retail price.”. The retailer’s rental offerings can be shipped anywhere in the contiguous U.S.

Outdoor 299
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The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

” During the half, the company increased its retail prices on selected products to counter rising international shipping costs which were five times higher than pre-Covid levels. Despite this, the company managed to open 11 new stores in both metropolitan and country areas. Store expenses were reduced by $1.1

Shopping 245
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Sustainability Update: eBay to Sell ‘Imperfect’ Apparel in UK, Adore Me Launches Sustainable Fashion Marketplace

Retail TouchPoints

Items are available at up 60% off retail prices. They may be ex-display products or feature small defects like scuffs, a loose thread or missing buttons that disqualify them from being sold at full price. Adore Me’s New Marketplace will Rate Products’ Sustainability Level. ”

Fashion 278
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Reebok Pacific GM talks new Chadstone store and growth plans down under

Inside Retail

The concept stores will provide us with the ability to ship from store, and ship to door. Also coming out of Covid-19, a lot of supply chain costs and sourcing costs have gone up, which has forced [retail prices] to go up as a result. Then, as part of our longer-term plan, we will look to expand to other locations.

Planning 246
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Best Practices for Selling on Amazon You May Be Missing

Retail TouchPoints

Manufacturer’s Suggested Retail Pricing (MSRP) and Minimum Advertised Pricing (MAP) aren’t enforced by Amazon. It’s up to the brand or its agency to manage what your pricing policies will be and how you prevent being undercut by resellers on Amazon. Make it a point to manage your own catalog of products.

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Preparing For Peak; Five Tips For Getting Supply Chains Fit For The Festive Season

Retail Focus

There are numerous headlines about shipping delays and stock shortages, and growing concerns about getting goods to the UK in time to satisfy festive sales demand. Months and months of rising shipping costs are creating some optimism that the surge in transportation prices is nearing its peak. 2) Create contingencies.