Inventory

The New Era of Retailing: Innovations and Predictions for the Future
November 11, 2020 at 11:31 am

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,…

How Retailers Can Keep Pace in a COVID-19 Economy
October 13, 2020 at 2:30 pm

Managing spend is a tall order for retailers today. As the workforce grows more geographically distributed, and as employees increasingly drive business spending from the bottom up, it's harder to track cash flow across multiple touchpoints — from sourcing and manufacturing to advertising and employee supplies. COVID-19 has intensified these issues, forcing retailers to make…

How to Increase Profit When the Supply Chain is Unpredictable
September 22, 2020 at 2:38 pm

Long before algorithms, machine learning (ML), artificial intelligence (AI), and even computers, retailers have depended upon demand planning principles to stay in business. Demand planning is the foundation for resetting retail. Fortunately, retailers can now use demand planning powered by AI and ML. It can help retail chains maximize profit even in times of external…

Zappos Adaptive Offers a Solution for Disabled Shoppers
September 14, 2020 at 5:01 pm

In episode 264 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Dana Zumbo, business development manager at Zappos Adaptive, a division of Zappos that carries a wide range of adaptive clothing and shoes with unique features to fit a variety of needs. Listen as Zumbo discusses why Zappos launched its Adaptive program, how the initiative was sparked…

Amid COVID-19, is it Finally Time for Off-Price to Prioritize E-Commerce?
September 14, 2020 at 11:27 am

It’s a question worth discussing as the unprecedented pandemic continues to strain the retail industry. Take, for example, TJX, the parent company of T.J. Maxx, Marshalls, and HomeGoods, which reported first quarter net losses exceeding $887 million after closing all of its stores and distribution centers over a two-month span in compliance with statewide lockdowns.…

Brands Experiencing Bullwhip Effect Look to Purchase Panels
September 9, 2020 at 1:02 pm

At the onset of COVID-19, out-of-stocks plagued retailers. Their immense impact was amplified by the "Bullwhip Effect" to create tsunami-like waves in demand from retailers to brands and on to their suppliers. The vicious cycle of hoarding and resulting out-of-stocks fueling further hoarding forced brands to look beyond point-of-sale (POS) data as their ultimate demand…

3 Strategies for Reducing Excess Seasonal Inventory
September 2, 2020 at 3:20 pm

As the calendar turns toward September, shorts, shirts and swimsuits must make way for sweaters and slacks in retail stockrooms. But with consumers everywhere staying home, some retailers’ inventories may be bursting at the seams with backlogged products. Whether they’ve slowed their buying to keep balance sheets in check or are simply reaching the end…

Changing the Narrative: Setting the Stage for Retail Recovery, Part 2
July 30, 2020 at 4:06 pm

In part one of this article, I examined the challenges that the retail sector has faced since the beginning of the pandemic, and its inability to rely on traditional historic consumer data when it comes to meeting consumer needs. Artificial intelligence (AI) and machine learning, however, could be the key to providing retailers with the…

COVID 19 Resources: Business Strategies, Wellness Tips, and Personal Finance Info.
May 10, 2020 at 7:25 pm

Welcome to this week's Retail Resources, which features a curated list of the best content and resources that I hope will help you navigate through the coronavirus pandemic. This week I offer information and resources about business strategies, wellness tips, and personal finance information. If there's anything you would like me to share in a…