Brick by brick every major business decision is built on the foundation of demand forecasts. However, forecast accuracy is something that is rarely talked about, except within supply chain organizations.
Nordstrom has been giving customers greater inventory selection and faster delivery without increasing inventory levels, while engaging customers by offering express services. Now the retailer says it will accelerate this market strategy to its remaining top 10 markets and open more Nordstrom local service hubs in Los Angeles and New York. Find out how Nordstrom is turning its business model around in 2020.
For store designers looking to capture your customers’ attention, awaken their senses and immerse them in a wonderful shopping experience that builds affection and loyalty, we’ve compiled this list featuring 17 of our favorite visual merchandising tips.
Download this whitepaper and discover how leading retailers are able to successfully navigate the logistical minefield of the peak-selling season and ensure flawless execution throughout the end-of-the-year rush.
In order to meet constantly shifting consumer demand and ensure product is where it needs to be, when it needs to be there savvy retailers are turning to AI to power their next-gen supply chains. See what the industry leaders are doing how you can do the same.
A typical large grocery retail location might have anywhere from 60,000 to 300,000 SKUs, and only 36 endcaps. Knowing how to pair and price items to impact sales and margins often changes week to week – even day to day.
The auto parts retailer and distributor has implemented a next-gen solution to enhance its inventory position and forecast accuracy. Learn more about the cutting-edge deployment and how it is improving distribution center operations.
Retail’s future would not be possible without innovative leaders willing to work hard to steer the industry forward. See which industry stalwarts were chosen for RIS’ annual look at retail’s most influential.