The importance of inventory accuracy

    BACKGROUND

    In the last 12+ months, retailers have experienced unprecedented supply chain and inventory challenges. A combination of closed factories, backed-up ports, container scarcity, and labor shortages took its toll on the industry. In this article we will take a look behind the scenes and try to understand the dynamics behind these volume shifts, and what retailers need to do to stay ahead.  (more…)

    Continue ReadingThe importance of inventory accuracy

    5 Reasons Why Retailers Should Care About Product Information Management

      This article is originally from RIS News. 

      In the last couple of years, the retail industry has experienced a proactive shift in the data digitalizing process across retail operations, supply chains, customer-facing interfaces, and collaboration models and ecosystems. They have had to quickly adapt to emerging technology and innovation, especially with the surge of AI/ML, IoT, digital twins, digital business platforms, new business models, and conversational commerce. (more…)

      Continue Reading5 Reasons Why Retailers Should Care About Product Information Management

      5 Smart Store Technologies Transforming Retail Experiences

        This article is originally by RIS News.

        Whether you’re buying online or in a physical store, shopping should be easy, simple and enjoyable. In the customer’s mind, the retailer or brand is one entity, regardless of the sales channel. For this reason, customers expect their journey to fluidly shift between digital and physical touchpoints with the same conveniences in store as online.

        (more…)

        Continue Reading5 Smart Store Technologies Transforming Retail Experiences

        Post-Shutdown Spending Priorities: How Covid Changed How We Shop

          This article is originally from RIS News. 

          After a year of on-off restrictions, retailers may be hoping that the reopening of retail brings with it a spending splurge.

          And it’s the case that some 53% of consumers are now buying things online more than normal, with almost 8 in 10 shoppers (78%) expected to increase online purchasing over the next 12 months, according to exclusive consumer research from Brightpearl.

          (more…)

          Continue ReadingPost-Shutdown Spending Priorities: How Covid Changed How We Shop

          5 Ways Macy’s is Harnessing Data and Analytics

            This article is originally from RIS News.

            Macy’s outperformed sales expectations across all three brands in its first quarter —  Macy’s, Bloomingdale’s and Bluemercury  —  and revealed how the retailer has been benefiting from its investments in data and analytics. (more…)

            Continue Reading5 Ways Macy’s is Harnessing Data and Analytics

            What Walgreens’ Nationwide Same-Day, 2-Hour Delivery Means for Retail

              This article is originally from RIS News. 

              As Walgreens introduces nationwide delivery in under two hours, retail experts weigh in on the last-mile delivery wars.

              The delivery wars are heating up again and Walgreens has entered the ring with nationwide, contactless, same-day delivery in under two hours. (more…)

              Continue ReadingWhat Walgreens’ Nationwide Same-Day, 2-Hour Delivery Means for Retail

              Beyond Amazon: Why Retailers Must Adopt Cross-Platform E-commerce Strategies

                This article is from RIS News.

                Nearly every brand has faced enormous disruption to the ways they reach consumers during the past year. Online platforms and the sales they enable have grown in importance, beyond even the most vivid imaginations. This shift brings both hurdles and new opportunities for those who are prepared to try new strategies. But, without a cohesive cross-platform strategy, that evolution can be quite painful. (more…)

                Continue ReadingBeyond Amazon: Why Retailers Must Adopt Cross-Platform E-commerce Strategies