Thanks to TWICE Magazine for the shoutout on the launch of Retail Nexus. Now we know we've hit the big time! #retail #success #launch #sales #consumerelectronics https://lnkd.in/esYTw8ZH
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Are you considering a direct-to-consumer strategy? It's important to understand the tricky logistics behind it. Check out this article from The Wall Street Journal for more information on the challenges of DTC sales strategies and how technology can help. #DTC #retail Link: https://lnkd.in/d4Kv6FQ9
The Tricky Logistics Behind Direct-to-Consumer Sales Strategies
wsj.com
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The growing popularity of direct-to-consumer (DTC) models is reshaping supply chains. As companies bypass wholesalers and retailers to connect directly with customers, their logistics operations need to adapt. This shift from a wholesale approach to DTC necessitates a more intricate supply chain. Traditional models often rely on bulk shipments to large distributors, who then deliver to retailers. In contrast, DTC demands a focus on smaller, individual orders and efficient home deliveries. This trend will likely lead to significant changes in supply chain locations and processes. We can expect to see a shift towards: 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗛𝘂𝗯𝘀: With a focus on faster delivery times and lower shipping costs, companies might establish a network of smaller logistics hubs closer to consumption centers. This allows for quicker product distribution and potentially reduces reliance on long-distance transportation. 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻: Managing numerous smaller orders and deliveries efficiently might necessitate greater automation in warehouses and fulfillment centers. This could involve automated sorting, picking, and packing systems. 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Accurate forecasting and real-time inventory visibility will be crucial for DTC companies to meet customer expectations. They'll need to optimize inventory levels to avoid stockouts while minimizing storage costs. #directtoconsumer #dtc #ecommerce #supplychain #supplychainmanagement #logistics #omnichannel #retail #business #futureofretail #supplychaindisruption
The Tricky Logistics Behind Direct-to-Consumer Sales Strategies
wsj.com
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Some good suggestions. In our humble opinion, there is another option: #6. Work with Channel Control Merchants As the largest reverse logistics retailer in the US and Canada, we can help immediately. Your excess inventory will be sold through our physical stores in underserved communities. You will not only maximize recovery, but also do it in a way that protects your brand. What do you need to clear out? How fast does it need to move? Let’s get it done and make room for your new inventory. Contact Seth Marks to get started. #ExcessInventorySolutions #InventoryManagement #BrandProtection #MaximizeRecovery #RetailSolutions #ReturnsManagement #InventoryClearance #BusinessPartnerships #TransparentSolution #SustainableBusiness https://lnkd.in/evbKiXSn
5 Ways Retailers Can Unload Excess Inventory | Entrepreneur
entrepreneur.com
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Are you in charge of demand planning for your store or chain? Do your purchase orders always account for seasonality, holidays, local events, and other factors unique to your business? If not, then at RELEX Solutions, we’ve created a solution that will do that for you, so you don’t have to scan through the calendar for every possible holiday and local celebration. Instead, you can focus on enjoying smoother deliveries and optimized inventory. Sound good? Check out this Q&A with our resident F&R expert Stuart Douglas and get in touch with us. We’re happy to get started. #Retail #Optimization #SupplyChain
Q&A: How capacity optimization pays dividends in retail operational efficiency
https://www.relexsolutions.com
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Are you in charge of demand planning for your store or chain? Do your purchase orders always account for seasonality, holidays, local events, and the like? There’s no shame in that. You don’t have to: at RELEX Solutions, we’ve created a solution that will do that for you, so you don’t have to scan through the calendar for every possible holiday and local celebration. Instead, you can focus on enjoying smoother deliveries and optimized inventory. Sound good? I thought so, too. Check out this Q&A with our resident F&R genius Stuart Douglas and get in touch with us. We’re happy to get started. #Retail #Optimization #SupplyChain
Q&A: How capacity optimization pays dividends in retail operational efficiency
https://www.relexsolutions.com
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Building Better Brands | Starting & Growing Brands Online | Multichannel & Multi-territory Brand Development
Next is an aspirational retailer but they are still getting the simple things wrong. Anyone size 910y28r or 5065cm? Simple human error right? But for the retailer you’re less likely to see sales in these products, equating to overstocks, meaning money lost oh and probably losing the customer along the way.. Sounds like a processes needs a little 🔧 Does it put you off buying from a retailer when you see errors on their site? #ecommerce #brand #retail #process #operations #logistics #strategy
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Are you in charge of demand planning for your store or chain? Do your purchase orders always account for seasonality, holidays, local events, and the like? There’s no shame in that. You don’t have to: at RELEX Solutions, we’ve created a solution that will do that for you, so you don’t have to scan through the calendar for every possible holiday and local celebration. Instead, you can focus on enjoying smoother deliveries and optimized inventory. Sound good? I thought so, too. Check out this Q&A with our resident F&R genius Stuart Douglas and contact us. We’re happy to get started. #Retail #Optimization #SupplyChain
Q&A: How capacity optimization pays dividends in retail operational efficiency
https://www.relexsolutions.com
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Net income of $6.6 million with a store count of 639 seems more than a bit weak - "The decision comes as its second-quarter net sales dropped 18.2% year over year to $289.1 million, according to a Wednesday press release. The plus-size apparel brand saw its net income decrease 70.8% to $6.6 million while gross margin fell from 37.2% the year before to 35.5%. Torrid opened three stores and closed two during the quarter, ending the period with a store count of 639." ... “We have not had the ideal balance in value pricing, which we now see as having a negative impact on both customer acquisition and retention,” Harper said. “Our initial retail prices have risen too much in the last few years, and we are implementing a comprehensive strategy that balances both value and price, which will be fully integrated into our spring lines with a good, better, and best assortment and pricing strategy.” Torrid will expand its ship-from-store program and test clearance stores in an effort to enhance its inventory management. If the clearance store tests in Q3 yield positive results, the brand will expand the network by converting underperforming stores, Harper said. https://lnkd.in/gwEdr52K
Torrid lays off 5% of headquarters staff as sales decline
retaildive.com
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Co-CEO Omni Talk | Top 100 Retail Influencer | Senior Contributor Forbes | Podcast Host | Blogger | Former VP Target Store of the Future
The best retailers (and Best Buy falls in this bucket) understand that great omnichannel retailing is less about where the goods ship from and more about why they should ship from where they do.
Today's Top Talk Powered by Lucky - Best Buy Increases Reliance on Distribution Centers for Customer Delivery via Source Supply Chain Dive https://lnkd.in/d4PE95M3 Follow Omni Talk Retail on LinkedIn for a highly curated selection of the top daily retail headlines that matter most. To learn more about Lucky, visit https://lnkd.in/dCVKXp5q #retail #retailing #grocery #conveniencestores #cpg #branding #advertisingandmarketing #onlineshopping #shoppingandtheretailindustry #supplychainmanagement #TopTalk #fashionretail #luxuryretail
Best Buy Increases Reliance on Distribution Centers for Customer Delivery
http://omnitalk.blog
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Does your retail allocation process need improvement? Success in the retail industry demands a strategic approach to merchandise allocation. When done correctly, it significantly impacts sales, minimizes markdowns, and maximizes profitability. Read our latest short article on strategic data-driven merchandise allocations. #retailplanning #businessanalysis #supplychaininnovation #YourSCexec Sonya Bosch Jan Tukker https://lnkd.in/dTXz4NyE
The crucial role of strategic merchandise allocation in retail success - BusinessChain
https://businesschain.co.za
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