Retailers who currently follow traditional inventory management practices may not know about the advantages of drop shipping.
The in-store experience was designed and built long before omnichannel existed. Brick- and-mortar stores weren't about understanding which channels their customers were engaging with and being consistent across them because the channels didn’t exist.
New developments in the retail industry can help prepare businesses to adapt and take advantage of the latest technology—including automation.
Recent trends show some retailers thriving, and others filing … for bankruptcy. Though it’s easy to say ‘you need to listen to customers, diversify, follow trends, take risks, etc.” it is more difficult to begin this process with so many options.
As businesses continue to evolve and strive to present a superior user experience to their customer base, the needs of the POS systems they use to back their sales efforts also need to evolve.
Presents are unwrapped, decorations are put away and resolutions are made. The hustle and bustle of the busy holiday season is behind us... But does it have to be?!
While global corporations like Amazon and Sephora may have been the first to jump on omnichannel retail, small- and medium-sized enterprises (SMEs) are also ideal candidates.
2016 is in the books. To help with the holiday hangover and get you excited for the new year, we compiled a list of our top retail resources from the past 12 months in order to get you geared up for 2017.
What if I told you the retail experience is broken? Most people go into defense mode and tell me all the reasons retail and especially the in-store experience are still important.
While there's plenty of general wisdom out there to help businesses get started with omnichannel retail, most advice needs to be adapted to fit the industry. An omnichannel strategy isn't a one-size-fits-all solution—the same tactics that work for a car dealership won't necessarily fly for a coffee shop.
On a recent trip to Phoenix, I was stopped in the airport by a virtual reality demonstration that Facebook was putting on. I had never tried VR out before, so I decided to see what all the hype was about.
Inventory management is a balancing act. If there's a shortage of merchandise, retailers may lose out on potential sales. If there's too much, retailers may have to deal with warehouse costs, spoiled products, out-of-season goods, or other concerns.