Inventory

Why Retailers Are Losing Trillions of Dollars
May 6, 2016 at 9:59 am

Retailers that manage their inventory using spreadsheets or other antiquated systems are costing themselves a lot of time, which is ultimately money lost. Not having systems in place that automate inventory management is costing retailers money. From the redundancies and productivity losses incurred from paying employees to perform manual tasks that could be automated, to…

5 Steps to Solving the Out-of-Stock Problem 
April 19, 2016 at 10:11 am

Out-of-stock inventory continues to be a huge problem for retailers and suppliers alike. There’s nothing more frustrating for consumers than an empty shelf, and even just one instance of an out-of-stock item can have lasting consequences in terms of customer loyalty and lifetime value. Consider some recent findings from the Trading Partner Alliance consisting of…

How Granular is Too Granular for Assortment Planning?
April 15, 2016 at 8:53 am

Creating a retail assortment is like telling a story. "Every character, location and event in a story needs to be introduced and explained to an audience. Every relevant detail has to be explained, and that explanation is the element of a story which enchants a reader more than any other. It's the essence of storytelling." The…

True Religion Working to Bring Digital In-Store
April 7, 2016 at 11:36 am

When retailers talk about meeting the needs of today's consumers, speed is frequently cited as a differentiating factor. From speed to market with new inventory to quick checkout to expedited delivery, it seems all retailers want to do everything fast. That's why it's a little surprising to hear John Hazen, senior vice president, direct to…

Target Preps Marimekko Launch, But ’Won't Apologize’ for Out-of-Stocks
March 24, 2016 at 10:25 am

Target offered a sneak peek of its upcoming Marimekko swimwear and home décor line, which features the iconic Finnish brand’s untouched, archival prints. And like last year’s wildly successful Lilly Pulitzer launch and the website-crashing Missoni collection before it, the 200-plus item Marimekko for Target collection might also sell out in a New York minute and…

Neiman Marcus Throws Unsold Merchandise Back at Vendors
March 17, 2016 at 11:00 am

Luxury retailer Neiman Marcus — stung by its first holiday sales decline since the Great Recession — is spreading the pain. Drowning in designer duds and accessories that it didn’t sell during the crucial shopping season, the department store chain, which also owns Bergdorf Goodman, has asked its vendors to take back merchandise or risk not…

How Wholesalers Are Fueling the On-Demand Economy
December 15, 2015 at 10:12 am

Consumer expectations have never been higher. They want simple shopping experiences online, on their mobile devices, and in person — whatever is most convenient at any point in time. Most of all, they want to be able to purchase the exact item they’re looking for, and they want it delivered fast. For the last decade,…

Costco Sold Counterfeit Tiffany Engagement Rings
September 9, 2015 at 11:18 am

Costco willfully infringed Tiffany & Co's trademarks by selling counterfeit diamond engagement rings bearing the luxury retailer's name, and now must face a jury trial to assess damages, a U.S. judge ruled on Tuesday. U.S. District Judge Laura Taylor Swain in Manhattan rejected claims by Costco that Tiffany's trademarks were invalid because they sought to prevent…

Wal-Mart Losses May Be Funny Accounting, Not Sticky Fingers
August 24, 2015 at 11:16 am

One of the biggest problems Wal-Mart identified in its latest profit warning was what it calls “shrinkage.” Greg Foran, president and CEO for Wal-Mart U.S. said on the earnings call that “accelerating pressures in shrink” were one of three major factors that contributed to the company’s underperformance. The others were an overall decline in gross…

Kate Spade Expands Into New Product Categories
July 21, 2015 at 1:56 pm

Just six months after Kate Spade shuttered its standalone contemporary line, Kate Spade Saturday, and closed down all of its Jack Spade stores, the company is ready to expand again in a huge way. WWD reports that Kate Spade has a slew of new projects in development, possibly to unhook the brand from heavy dependence…