The report highlights that a single year of poor performance can wipe out profits accumulated over several years, especially for retailers managing rapidly depreciating inventory
From exploiting digital analytics to embracing brick-and-mortar experiences, Saahil Nayar, CEO of Swiss Beauty, discusses the brand’s intentions for offline expansion and gives insights into the Swiss Beauty approach to addressing consumer expectations and generating market growth In an exclusive interview with BW Retail World, Saahil Nayar CEO of Swiss Beauty delves into the brand’s […]
Target, a mass-merchandise retailer, is likely to post lower Christmas quarter same-store sales, its third straight quarterly loss, on Tuesday. However, investors believe the store, which sells anything from USD 5 cami tops and USD 25 shorts to USD 100 coffee makers, will be able to increase sales and profits in 2024 as inflation eases, giving buyers more motivation […]
There is a growing trend of combining automatic identification and data capture (AIDC) technologies, such as barcoding, RFID and the internet of things (IoT), to enhance supply chain efficiency and precision. Biplab Banik, Sr.VP & Business Head at Bar Code India emphasises the transformative impact of these technologies on supply chain efficiency and retail operations. […]
Lenovo Group reported a significant setback in its financial performance for the third quarter ending September, with a 16 per cent fall in revenue totaling USD 14.41 billion compared to the same period last year. This is the fifth consecutive quarter of declining sales for the company, as it grapples with the lingering effects of […]
Tanishq, a jewellery brand, migrates its inventory management system to Oracle Cloud Infrastructure (OCI), including Oracle Database, Oracle Application Express (APEX), Oracle Web Application Firewall, and OCI Flexible Load Balancing. With real-time visibility into inventory levels and order fulfilment, Tanishq is able to meet the influx of customer demand and reduce its technology support costs […]
Consumer behavior and expectations have shifted as a result of the mobile era. Today Consumers expect convenience, quickness, and personalized interaction. Retailers may address these changing expectations head-on by implementing MPOS systems. Mobile devices with strong point-of-sale (POS) software enable sales staff to execute transactions easily from anywhere in the store. This enhanced mobility shortens […]
