Inventory

The biggest risk for third-party Amazon.com sellers in the fourth quarter is likely to be inventory storage limits. Amazon’s Inventory Performance Index (IPI), which measures things like sell-through rate and age of inventory to determine what it costs Amazon to warehouse your inventory, is the primary factor the company uses to calculate sellers’ inventory storage…

In June, the Department of Homeland Security projected nearly $1 billion worth of counterfeit luxury goods to be seized between the 2020-2021 fiscal years leading up to the end of September. Shortly after, over $12 million in counterfeit goods were seized at the Los Angeles-Long Beach ports area. While these challenges have plagued the industry for…

Costco is renting its own container ships to prevent delays and keep costs down as the global shipping crisis continues, according to Business Insider. In a call with analysts Thursday, Costco CFO Richard Galanti said the retailer has chartered three ships to import products from Asia to the U.S. and Canada to help Costco avoid spending six times the normal price…

What a difference a year makes. At this time last year, consumers were hesitant to spend on much besides essentials and products that would make their life at home more comfortable. They were fearful about going into stores, many of which were temporarily closed due to the pandemic anyway, worried about how COVID-19 would affect…

2020 was an unprecedented year that has changed the retail industry forever, turning omnichannel operations on its head. With many stores closed and customers staying at home, retailers had to rethink their overall strategy, many converting in-store inventory to fulfill online orders and turning stores into temporary distribution centers. Buy online, pick up in-store (BOPIS)…

Brick-and-mortar stores were already evolving before the global pandemic accelerated the shift to e-commerce. More than ever, customers know what they need and are going directly to a store that has it, either to buy it or pick it up having ordered online. This consumer behavior makes inventory visibility more important than ever for retailers.…

Several Amazon.com sellers are concerned over a recent policy change, CNBC reported. The policy is meant to help the e-commerce giant save space in its warehouses as it faces a pandemic-fueled surge in online orders alongside the usual peak holiday shopping season. In August, Amazon announced it would be enforcing stricter quantity limits on shipments from…

We’re already getting super hyped for the holiday season. From delicate snowfalls to generous gift-giving to spending time with family and loved ones, it really is the most wonderful time of the year. If you work in retail, however, the holiday season can mean something very different. Many boutique owners find themselves busier than ever…

For years the retail industry has experienced significant transformation in order to keep up with consumer demands and expectations, and while some have found success, others haven’t been nearly as lucky. Amidst a world-altering pandemic, however, the entire industry has been challenged in unexpected ways. Issues surrounding everything from operations, sourcing, supply chain, fulfillment, supply/demand,…

Look at how a robust software solution identifies stores in greatest need of a visit and “prescribes” actions for store operations.