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NRF: Returns Reach 14.5% of Sales in 2023, Fraud Contributed $101 Billion in Losses

Retail TouchPoints

of all retail sales, according to a report from the National Retail Federation and Appriss Retail. This means that for every $1 billion in sales, the average retailer incurred $145 million in merchandise returns. of all retail sales and totaling nearly $817 billion. The 2023 numbers were released on Dec.

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How Hydra Health is Transforming the Hospital Gift Shop

Retail TouchPoints

Hospitals and medical campuses typically look at retail as an essentially insignificant element in their patient, visitor and employee experiences. We focus on bringing in a retail experience that feels modern and value-additive to the employees, patients and visitors on-site,” Kloor explained.

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Columbia Care to Pilot New In-Store Retail Media Offering Designed for Cannabis Dispensaries

Retail TouchPoints

Marketing and regulatory consultancy Fyllo has launched a new retail media network (RMN) created specifically for the cannabis sector. With the release of Fyllo Connect, we see an opportunity to further fuel our growth with additional revenue from brands looking to engage with our customers.”. ”

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Retail Media: Everything You Need to Know

Retail TouchPoints

For several years now the term “retail media” has been buzzing around both retail and media circles. Whether you’re looking for a deeper understanding of the implications and applications of retail media or need a down-and-dirty explainer on what retail media actually is, you’ve landed in the right place.

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Jollyes Agrees New 10 year Contract with Supply Chain Partner Wincanton

365 Retail

It also announced it had completed the eight week transition of logistics operations to a new shared-user Wincanton site, on time and with no disruption in service to stores and suppliers. Our shared-user warehouse model means we can provide the agility and resilience retailers need to delight their customers and grow their business.”

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‘OG’ Reseller Goodwill Wants a Piece of the Online Action

Retail TouchPoints

Goodwill is the OG of thrift stores,” said Matthew Kaness, a retail OG in his own right, who recently joined as CEO of GoodwillFinds.com. The digital online revolution has been happening for decades, but now the timing is great with the customer,” Kaness added in an interview with Retail TouchPoints.

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Distribution And Warehousing 101: Is It Right For Your Small Business?

RetailMinded

And as you’re figuring out different ways to do that, one question that comes to mind is whether distribution and warehousing 101 are beneficial for your business. Here’s a brief discussion: Understanding Distribution and Warehousing 101. But, warehousing 101 involves the physical storage of goods before distributing them to customers.