Inventory

Total Retail's 2019 Retail Technology Report: Omnichannel Technology Spending on the Rise
July 31, 2019 at 11:17 am

Due to the cross-channel behavior of today’s consumers, shifting from channel to channel and device to device in the same purchase journey, retailers and brands are spending more of their technology budgets on systems and solutions that enable omnichannel operations — e.g., order and inventory management systems. At the same time, they've yet to fully…

Ask the Experts: 3 Questions About Retail Cash Flow and Inventory
July 29, 2019 at 11:40 am

The retail sector is undergoing tremendous change, with a growing volume of sales shifting to e-commerce sites. But for owners of all types of retail businesses, issues related to cash flow and inventory remain a primary concern. According to an exclusive Kabbage survey of independent retailers, more than 40 percent cite inventory as their largest…

lululemon Launches Selfcare Product Line, Expands Beyond Apparel
June 19, 2019 at 11:30 am

Athletic apparel brand lululemon athletica launched personal care product line Selfcare on Tuesday, reports CNBC. The retailer is expanding outside of its traditional activewear clothing to offer products that target post-workout needs, helping customers freshen up after exercise and get back to their day. Products in the Selfcare line include dry shampoo, deodorant, face moisturizer, and…

Keeping Up With Customer Demand Through Data-Driven Forecasting
June 18, 2019 at 11:58 am

Fine-tuning inventory levels to meet changing customer preferences is a constant battle for wholesalers, and today’s fast-moving omnichannel environment is making that calculus even more complex. As they develop their purchasing plans, businesses are facing a bevy of uncertainties: E-commerce now accounts for 10 percent of total retail sales, requiring organizations across nearly every industry…

J.C. Penney to Close More Stores Amidst Slowing Sales
January 10, 2019 at 2:53 pm

J. C. Penney announced  on Tuesday that it plans to close three stores by the spring as part of an ongoing evaluation of its performance. The retailer didn't report which stores it planned to close, but said it's currently assessing locations that "may not meet required financial targets or represent a market opportunity to capitalize…

5 Ways to Improve Your Inventory Management
January 8, 2019 at 10:42 am

Like most other retail leaders, I know that inventory management matters. I knew that even before I started my business or had any experience in the industry. It’s just an obvious necessity for managing a retail business. However, I didn’t truly understand the supreme importance of the practice and the ramifications it could have across…