Remove 2024 Remove Omnichannel Remove Point of Sale Remove Report
article thumbnail

Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025

Retail TouchPoints

Best Buy closed 24 stores in FY 2024 and plans to close 10 to 15 in FY 2025. First, we will open small locations in a couple of markets where we have no prior physical presence and our omnichannel sales penetration is low, to measure our ability to capture untapped share ,” said Barry. For Q4 2024, Best Buy’s comp sales fell 4.8%

POS 246
article thumbnail

Smash-and-Grab Is Only One Part of a Retailer’s Loss Prevention Story

Retail TouchPoints

We’ve also witnessed an increase in retail earnings reports that cite shrink and organized retail crime (ORC) as the cause for reduced profitability compared to previous quarters. reported ecommerce fraud and loss as a growing concern, while 48.5% Just last year, in the National Retail Security Survey, retailers reported $112.1

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. The discrepancy may occur due to clerical errors, goods being damaged or lost, or theft from the point of purchase from a supplier to the point of sale.” days, and one doubled its sales in one year.

article thumbnail

Sitoo recognised in 2024 Gartner Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers

365 Retail

Sitoo , a leading could-native Point of Sale (POS) and Unified Commerce Platform, has been recognised in the 2024 Gartner® Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers. We wanted technology that was omnichannel and would take us into the future – and a partner that was solution-focused.”

POS 52
article thumbnail

How To Scale An Ecommerce Business (2024 Guide)

Smile.io

In 2024, global retail ecommerce sales are expected to reach $6.3 Shopify Plus and POS are great options for omnichannel commerce.  report buying things online using a smartphone. Omnichannel commerce is a strategy to reach customers across different platforms. has to offer. trillion U.S.

article thumbnail

7 Targeted Retail Strategies for Revenue Growth and Margin Improvement

Retail TouchPoints

The 2023 Omnichannel Retail Index demonstrates that understanding what customers value and using that information to build long-term customer relationships is essential for survival. The Index reports that 89% of retailers and brands offer loyalty program members special benefits in their loyalty program.

article thumbnail

8 best BigCommerce alternatives for 2024

Omnisend

This helps enhance omnichannel marketing, making it one of the best BigCommerce alternatives. Native reporting suite : It features built-in reporting tools for analytical insights. Sign up for a free account now See pricing The post 8 best BigCommerce alternatives for 2024 appeared first on Omnisend Blog.