Inventory

Cubs World Series Forecast to Break Retail Records
October 26, 2016 at 1:17 pm

It's estimated that the Chicago Cubs World Series appearance will break retail records. The Cubs haven’t played in a World Series since 1945, or won one since 1908. That's the longest championship drought in baseball, and there are plenty of loyal Cub fans ready to scoop up World Series merchandise as a result. Forbes reports…

Post-Season Back-to-School Inventory Tips
October 7, 2016 at 1:24 pm

With the back-to-school (BTS) shopping season over and retailers shifting their attention to the all-important holiday selling season, it begs the question: What can retailers do after the BTS cycle is over to set up stores for a successful end-of-year push? Priority No. 1 for all retailers is to move BTS inventory out of the…

How True&Co. Leveraged Online Data to Move Offline
September 16, 2016 at 12:08 pm

Anda Pho, head of marketing at True&Co., the lingerie retailer that uses an online fit quiz to size bras for women of all shapes and sizes, explained yesterday at NEMOA’s directXchange 2016 Fall Conference how the company has revolutionized the bra-buying process. Data is Everything “Making a bra is like making a car,” Pho said. There…

Deciphering Fashion Sizes With Clothing Store POS
September 13, 2016 at 9:54 am

Exactly what a “size six” is can be a mystery to your customers. Sizes are defined differently from manufacturer to manufacturer, and even from year to year. Some designers may change sizes for strategic reasons. For example, a decade ago a garment would have been labeled a size 16, but it’s a size 12 today in…

Retail Video Spotlight Series: STORY
August 17, 2016 at 10:42 am

Welcome to the first video in our new Retail Video Spotlight Series. The first series is all about concept stores. Today, we're talking to Rachel Shechtman, founder of STORY, a retail store in New York City that takes the viewpoint of a magazine, changes like a gallery, and sells product like your standard brick-and-mortar store. Hear…

Michael Kors is Over Department Store Discounts
August 11, 2016 at 12:01 pm

Michael Kors isn't very happy with the excessive discounts department stores give on its products. CEO John Idol says that come February, the brand will no longer participate in family-and-friends sales or accept coupons for its products. Michael Kors plans to cut back on the amount of merchandise it ships to department stores in an…

4 Reasons Choosing the Right Barcode Scanner Battery is Critical to Success
June 21, 2016 at 9:38 am

Every area of retail operations is vital to the success of the business. Although it might seem as if there are grand differences between them, the reality is they all share one element: the barcode scanner. From inventory control to shrinkage prevention, the barcode scanner is a central tool in any retail environment. Not surprisingly,…

Target Charges Suppliers More to Help Offload Unsold Inventory
June 9, 2016 at 12:11 pm

Target  is asking many suppliers to take on up to an extra 3 percent to 5 percent of the cost of promotions and price cuts after slow sales so far this year. Retailers often use price discounts combined with promotions to sell slow-moving items and make room for newer products. Suppliers also have their own offers and…

Prepare Your Supply Chain for Predictive Analytics
June 1, 2016 at 10:57 am

The ability to collect and harness data is a key opportunity for retailers that want to truly enable a consumer-centric supply chain. According to a recent Boston Retail Partners study, 62 percent of retailers named customer identification and personalization of customer experience among their top three customer engagement priorities, more than any other initiative. However,…

Websites: The New Inventory and Product Locators
May 10, 2016 at 9:07 am

We’ve all been there — going online to see if a specific piece of merchandise is currently available at a particular retail store, before taking the time to drive to said store or calling the store directly. If the online site shows that a product isn't currently available at that store (or the store location…