article thumbnail

Store Management Costs in the Era of Ecommerce

Retail TouchPoints

in 2022 and 2026 respectively. Whether that be through the cost of poor substitution choices, online ranging availability limitations or general omnichannel performance diagnostics, retailers all face similar issues, all of which Retail Insight has been working to solve with our retail customers through the use of data. and then 20.5%

article thumbnail

Automation: The Driving Force Behind Warehouse Management Growth

Retail TouchPoints

Hence the undeniable need for robust warehouse management technologies that are future-focused and effortlessly scalable. According to recent research, the global warehouse automation market is estimated to grow at a CAGR of 14%, reaching $30 billion by 2026. Automation Increases Warehouse Productivity and Accuracy. System Automation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Express to Expand Retail Presence in Indonesia, Paraguay and Central America

Retail TouchPoints

This marks the first major announcement since the brand management firm announced its strategic partnership with Express, Inc. WHP Global plans to expand the Express brand to multiple countries in Asia and Latin America through a series of licensing agreements. late last year.

Toys 262
article thumbnail

The Complete Guide to Omnichannel Fulfillment for Enterprise Retailers

Fabric

During the COVID-19 pandemic, enterprise omnichannel retailers faced notable challenges (and opportunities) due to disruptions in the supply chain. As a result, providing customers with omnichannel retail experiences became a requirement for survival. What is Omnichannel Fulfillment? Let’s dive in!

article thumbnail

The Untapped Potential of Audio in Retail Media Networks

Retail TouchPoints

Diversifying advertising budgets with omnichannel media, like digital audio, will help advertisers reach unique and performative audiences at scale, with mere clicks of a button. According to McKinsey , the growth of RMNs could represent as much as $100 billion in ad spending by 2026. ad spending to increase 5.1% The silver lining?

Retail 290
article thumbnail

What is Order Management? The Enterprise Retailer’s Guide to Processing, Fulfillment, and More

Fabric

According to Insider Intelligence, 24% of retail purchases are expected to take place online by 2026. However, while global e-commerce sales are growing at an accelerated pace, the traditional approach to order management has not kept up with the evolving needs and expectations of modern customers. What is Order Management?

article thumbnail

Foot Locker Moves Away from Malls with Plans to Close 400 Underperforming Stores

Retail TouchPoints

That streamlining will include the closure of approximately 400 underperforming mall stores by 2026, which will be replaced with approximately 300 new format stores, including the Community , Power and House of Play concepts, according to CNBC.