Deniz Ayral

New retail data reports foot traffic in prime trade areas is expected to fully recover to pre-pandemic levels by the third quarter and surpass those levels by 2025. Chain Store Age has more insights: https://lnkd.in/gq9rvUAD

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ICYMI: Catch up on the latest financials and public and private company insights shaping the retail and grocery industries. Access them at retailstat.com #RetailStats #Insights #RetailIndustry #ICYMI #Retail #RetailNews #RetailStat #RestaurantNews #Chapter11 #MandAs #Brands #Grocery

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Ahead of reporting earnings, Target announced it would cut prices for about 5,000 items. This video looks at Target's situation and other retailers, including Walmart and Ikea, that have seen price reductions recently. The grocery space in particular seems to be competitive, and Target's earnings results showed that it needs to attract shoppers who may have gone elsewhere. Read more Digital Commerce 360 reporting and analysis about what's going on in retail and ecommerce every day at our website. And access our recent story about Target here: https://bit.ly/4eccI9p #earnings #ecommerce #onlineretail #retail #Target

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The Retail’s Best panel discussion is currently underway! Risk vs Reward: When will be the tipping point? #RetailTogether

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We talk often about RFID for retail, but this simple technology is also transformative for warehouse management. If you’ve ever worked the warehouse floor as a picker-packer or a store person, you’ll be all too aware of the challenges that come with keeping track of thousands of items. Accurate inventory is no longer a goal, it’s an imperative, linking straight to customer experience and the business's bottom line. In our latest blog, we talk about the impact RFID has in the warehouse, and why warehouse managers should be champions for RFID systems for the benefit of their functional team, and their wider business. https://bit.ly/4bKF48Z #RFID #RetailInnovation #WarehouseManagement

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🛍️ Retail Revival: Foot Traffic Trends in Key Department Stores Key Takeaways and Industry Implications Advan’s foot traffic data from January 2022 to May 2024 reveals several key trends in the apparel retail industry: - Resilience of Discount Retailers: TJ Maxx and Ross Stores have demonstrated robust growth, underscoring the enduring appeal of discount retailers. Their ability to attract shoppers seeking value for money remains a significant strength. - Strategic Shifts in Traditional Department Stores: Kohl’s mixed performance suggests that traditional department stores must continuously innovate and adapt to changing consumer preferences. Strategic partnerships and store redesigns can drive foot traffic, but consistent execution is crucial. - Upscale Market Dynamics: Nordstrom’s growth highlights the complexities of catering to upscale consumers. While there is potential for strong foot traffic, it is essential to balance premium offerings with broader market trends. Read more: https://lnkd.in/eRcU87Xe #FootTraffic #Geolocation #Retail

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Are you struggling with these in-store challenges? ☑️ Price and promotions execution ☑️ Planogram compliance ☑️ Managing out-of-stocks According to this recent article in Chain Store Age by Dan Berthiaume, you're not alone. The good news? Help is on the way. Book a discovery call and let's start finding efficiencies. https://lnkd.in/dAa2aU3i

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"Tracking inventory solely within the four walls of a warehouse isn’t enough to stop shrinkage." Eddie Misicka, OneRail Vice President of Product and Solutions, sat down with Russell W. Goodman from SupplyChainBrain to discuss the outcomes of the recent survey we conducted with retailers and distributors on product shrinkage and inventory visibility in-transit. WATCH ➡️ The Incredible Shrinking Inventory: What to Do About It: https://hubs.ly/Q02Cs1fC0 #InventoryVisibility #Shrinkage #LastMileDelivery #SupplyChain #Survey #FinalMile #OmniPoint

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“Only 58% of customers indicated the [home improvement retail] store was very clean and 52% indicate product information was clear and helpful,” said Michael Taylor, senior managing director of retail intelligence practice at J.D. Power. “These two factors play a vital role in overall customer trust in the retailer and as customers are spending an average of $1,786 a year on home improvement products, these are areas in which the retailer can improve to increase share of wallet and overall customer satisfaction.” ➡️ More key findings from the J.D. Power 2024 U.S. Home Improvement Retailer Satisfaction Study: https://hubs.la/Q02x92fl0 #HomeImprovement #Retail #RetailStore #HomeRenovation #CustomerSatisfaction

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By the time your retail returns are flooding the warehouse, it is too late to redirect them to their optimal next best shelf. OtailO's Real-time returns inspection and certification enables you to know: * what is coming down the line * its condition, and * to make the best decisions about where it should be sent #returnsmanagement #nextbestshelf #reverselogistics #dynamicdisposition #realtime #inspection #enterprise

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It’s no secret that retailers are cracking down on returns. In 2023, 81% of U.S. retailers implemented pay-to-return policies in some capacity. Shoppers racked up more than $5 trillion worth of retail sales in the U.S. last year, according to the National Retail Federation. About 14.5% of those sales were returned. That equates to an enormous value in returned goods: $743 billion in 2023 alone. Here's how companies are making an effort to tamp down on return losses.

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Custom-designed picking carts—as opposed to customer shopping carts—can dramatically increase the efficiency of the picking process. More specifically, they can enable your store associates to: *Pick multiple orders at a time. Custom picking carts can enable workers to pick several orders at a time into separate totes. Picking carts can work equally well if you’re doing zone picking (e.g., picking only frozen items for multiple orders). *Pick faster and navigate more efficiently. With a picking cart’s lower profile, it won’t obstruct sightlines, making it easier to find items. Plus, having tote accessibility from both sides allows faster multi-order picking. Associates can also maneuver more easily through aisles, around shoppers, and in the backroom thanks to a lightweight cart with a zero-turn steering radius. *Stay accurate, organized, and on task. You can minimize mistakes and interruptions in the picking process by having everything a worker needs right on the picking cart. Beyond totes, that can include a tool tray, bag holder, and a receptacle for a handheld scanner. You can also have foldable shelves for flexible tote storage and oversized items. Get more helpful insights in our free white paper. We explore how to innovate your click and collect not only to improve operational efficiency but also to generate profit and return customers. https://ow.ly/CyOe50QnO9z You’ll also learn a systematic approach for determining the total cost of ownership for a click and collect innovation.

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📊🛒 Curious about retail giants? 🌟 Check out the 2023 Top Retailers list! Walmart leads with $499.65B in U.S. sales, followed by Amazon ($232.46B), Costco, and Home Depot. What drives their success? #RetailTrends

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Retail Store Expansion Strategy: Pro Tips to Avoid Costly Mistakes Feeling the expansion itch but worried about costly missteps in your retail store expansion strategy? You're not alone. Even seasoned retail veterans stumble. In this video, I unveil 3 crucial mistakes even experts make in retail store expansion strategies (and how YOU can avoid them!). #retailstore #expansionstrategies #retailexpansion #retailbusiness

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Why store execution matters💯 The vision👀 is what head office envisions. Reality is what actually happens at store level🏪. Retailers have a sizeable opportunity to do more🚀 with less by focusing on in-store execution for programs they already pay for. #RetailOperations #RetailExecution #retail  https://lnkd.in/dNNav4nz

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Lowe's Companies, Inc. has expanded its retail media network by adding in-store audio ads, providing brands with a new way to connect with shoppers. This innovative approach leverages Lowe’s extensive physical locations, enhancing the customer experience and offering timely, relevant messages during the shopping journey. In-store audio ads engage customers directly at the point of purchase, influencing decisions and increasing brand recall. For Lowe’s, this move enhances the shopping experience by delivering informative content as customers navigate the store. This initiative highlights the evolving nature of retail media, blending digital and in-store advertising. By integrating traditional retail environments with modern technologies, Lowe’s offers a consistent brand presence across multiple touchpoints, driving sales and reinforcing brand loyalty. #lowes #marketing #audioadvertising #retailmedia

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