Inventory Management

In the first few weeks of 2020, retailers are preparing for the challenges of the new decade. With an evolving consumer audience, more complicated supply chains, and international trade regulations, there are plenty of changes ahead. However, by examining the trends of 2019, the growth-oriented retailer can predict what consumers will want in 2020 and…

The rush of the holiday season has passed and your retail business is ready to dive headfirst into 2020 sales. If, like most retailers, you're planning to make this your best year yet, you're probably looking to significantly increase your volume of orders. It's a noble aspiration, however, if you're unprepared to meet these ever-growing…

For most retailers, holiday — also known as the golden quarter — is the make-or-break season. Retailers have been preparing for the upcoming holiday season for months, and for good reason. The period between Black Friday and Christmas can represent a significant chunk of sales revenue for a retailer. In 2018, consumers spent nearly $1…

In today’s digital world, data is worth its proverbial weight in gold. However, it’s not enough for retailers to just collect data to win the retail wars; they need to have a strategy to distill and apply insights from the data. For example, inventory data is particularly ripe for strategic use. By synthesizing information about…

With digital technology changing almost all aspects of our lives, it's not surprising that traditional retailing is being turned on its head. The familiar model that funnels customers along a linear path to buying is giving way to an exciting new paradigm of placing the individual at the center of a unified field of purchasing…

While the supply chains of all industries come with their share of challenges, seasonal suppliers face a particularly unique set of obstacles. Today, there are many companies that experience a recognizable “busy season” where spikes in customer demand occur. These periods typically fall around a major holiday or event such as Christmas, where certain retailers…

Back-to-school (BTS) is a critically important selling period — and an opportunity to connect with shoppers before the holiday season. In a recently completed shopper survey, BRG Retail found consumers consistent in their expectations for BTS shopping, presenting a golden opportunity for retailers to strengthen their connection to customers. In the survey, we asked how…

Due to the cross-channel behavior of today’s consumers, shifting from channel to channel and device to device in the same purchase journey, retailers and brands are spending more of their technology budgets on systems and solutions that enable omnichannel operations — e.g., order and inventory management systems. At the same time, they've yet to fully…

In episode 204 of Total Retail Talks, Executive Editor Joe Keenan interviews Mike Relich, chief operating officer at Lucky Brand, a denim and fashion brand for men, women, and kids. Listen in as they discuss Lucky Brand's use of predictive analytics to improve inventory allocation across channels (store, web, wholesale), touching specifically on Lucky Brand's partnership with…

Traditionally, stocking inventory has required many systems and spreadsheets in order to place goods in stores and fulfillment centers. These outdated, manual processes are standing in the way of real progress. So how can retailers fix this? Adopting advanced technology is important, but retailers must first look to good business processes before they race to…