Inventory

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…

Winning the Customer Battle Through Demand Segmentation
November 15, 2018 at 12:38 pm

As a retailer, you face an ongoing battle to determine who your customers are, the merchandise and services required to attract and retain their business, and where and when they want to shop. As the consumer gains more power with access to greater information and less loyalty to a brand or store, the battle lines…

Walmart Testing the Use of Robots for Online Grocery Pickup
August 6, 2018 at 2:21 pm

Walmart is testing the use of storage and retrieval robotics, called Alphabot, to increase the speed of online grocery order pickup, according to a company blog post. The technology, which was developed in collaboration with retail automation company Alert Innovation, is being installed in a section of a Salem, N.H. supercenter, which will also be a dedicated…