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Monitoring Out-Of-Stocks in a Fast-Paced Retail Environment

Wiser

Out-of-stocks. Regardless of the name, not having the proper amount of inventory is detrimental for both brands and retailers. So, what can be done to reduce out-of-stock rates without incurring penalties or adding unnecessary costs? Causes of Out-of-S tocks . Impact of Out-of-Stocks .

Retail 98
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AI-Powered Store Intelligence Shines a Light on Shrink

Retail TouchPoints

For as long as shrink has been an issue in retail, it’s primarily been tied to human mistakes or crime. These reasons are why retailers consistently turn to technology for help. Retailers are also testing autonomous delivery vehicles on the roads and drones in the air to avoid wrongly delivered items. billion in 2020.

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Utilizing the External Data Boom for Digital Shelf Optimization

Retail TouchPoints

Competitors’ out-of-stock data: Using stockouts of other retailers to your advantage requires a constant intake of external data. Competitive stock monitoring provides opportunities to optimize your marketing resources. Publications about marketing often invoke the comparison of a digital shelf with a physical one.

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How Retail Tech Solutions Address Stadium Concessions Gripes

Retail TouchPoints

The retail technology revolution has brought forth many new innovations such as palm scanning and AI chatbots over the last few years, all of which have sought to meet the same goal: improving the customer experience. Despite this, professional sports are seeing record highs in attendance.

Retail 178
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Five Ways Ecommerce Retailers Can Sleep Well and Sell More This Black Friday

Retail TouchPoints

trillion in 2022 and represent 21% of all retail sales. That means the 2022 Black Friday will be even more hectic for online retailers around the globe. Ecommerce retailers everywhere are bracing themselves for a severe lack of sleep as they monitor, manage and maximize their sites during this crucial holiday.

eCommerce 247
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5 Ways E-Commerce Companies Can Use BrickSeek to Increase Sales

Kissmetrics

If you’ve heard of BrickSeek, you likely know it’s a powerful tool for consumers, allowing them to track down inventory and find the best deals at big retailers. However, once you scratch beneath the surface, you’ll find out there’s a lot more to BrickSeek. Why Should E-Commerce Companies Use BrickSeek? Think about it.

eCommerce 316
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Wiser Insights: Navigating 2023’s Online Back-to-School Retail Trends

Wiser

The back-to-school season signals change and growth for students and presents a significant sales opportunity for retailers. Understanding these changes and adapting effectively is crucial for retailers who aim to capitalize on this annual shopping event. It’s not just about selling basic school supplies anymore.