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ToolsGroup-IHL Group 2022 Retail Inventory Study Shows Diminishing Customer Loyalty Due to Out-of-Stock Concerns

ToolsGroup

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. consumers on their loyalty to and trust of retailers, as well as their reasons for choosing online or in-store shopping. The survey report: How Retailers Win Customer Loyalty in an Omnichannel World tracks the change in U.S.

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Understanding the Profitability of Omnichannel Retail is a Problem

Logistics Viewpoints

As ecommerce grew at double digit rates, while in store sales grew at less than the rate of inflation, retailers were looking for a way to turn their stores into a competitive weapon. These new order fulfillment paths allowed retailers to rapidly grow sales. First, the rules used to enable an OOM system can be staggeringly complex.

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Better Together: Logility and Parker Avery Group Announce Partnership

Logility

Partnership leverages consulting firm’s deep expertise in retail, grocery, and CPG with powerful cloud-based digital supply chain platform. Logility customers include Big Lots, Husqvarna Group, Parker Hannifin, Sonoco Products and Red Wing Shoe Company. To learn more about The Parker Avery Group, please visit parkeravery.com.

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Retail Returns: The Key to Driving Business Growth

ToolsGroup

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Yet, in today’s omnichannel world, retail returns are key to driving business growth, thanks to their ability to enhance the customer experience, minimize losses, and preserve long-term revenue.

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Trends 2023: Retail

Enterra Insights

This is the conundrum faced by retailers as they enter the new year. Inflation, recession, and changing consumer behavior aren’t the only business environment changes confronting retailers. So what trends are going to impact the retail sector this coming year? 2023 Retail Trends. Deep Retail. ”[1]. .

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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

The idea is that data points within a group share similar properties, and each group is different (statistically speaking) from another. The retail industry is rich with data. Four Ways of Using Cluster Analysis in Retail. Traditionally, this has been done by ranking the products based on sales performance.

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Painless Retail Returns with Christian Piller

The Logistics of Logistics

Christian Piller and Joe Lynch discuss painless retail returns. Christian is a co-founder and Chief Commercial Officer of Pollen, a technology platform revolutionizing the reverse supply chain for retailers with pickups from consumers’ doorsteps for less than a standard return shipping label.