Content about Inventory

January 18, 2015

Retailers at NRF’s Big Show are hearing a lot about “machine learning.” But what is it and how does it help retailers grow sales? 

Retailers at NRF’s Big Show are hearing a lot about “machine learning.” But what is it and how does it help retailers grow sales?

Machine learning, in which supercomputers learn from mining masses of data on the cloud without human intervention, unlocks insights into consumer demand.

January 16, 2015

Inventory visibility is a prerequisite for retailers executing omnichannel strategies, which is why RFID is enjoying a resurgence and something called the Tagged Item Performance Protocol holds great promise.

Inventory visibility is a prerequisite for retailers executing omnichannel strategies, which is why RFID is enjoying a resurgence and something called the Tagged Item Performance Protocol holds great promise.

Inventory visibility has always been important in retail, but never more so than today when retailers of all types are looking to execute omnichannel strategies that involve ship from store and return to store capabilities. Omnichannel creates all sorts of new supply chain challenges that make it more difficult to keep tabs on inventory.

January 14, 2015

Retailers looking to replenish inventories depleted by solid holiday sales are facing a new impediment at West Coast ports. 

Retailers looking to replenish inventories depleted by solid holiday sales are facing a new impediment at West Coast ports.

Reuters is reporting that unions are orchestrating work slowdowns to exacerbate an already gridlocked situation at the busy port.

The Pacific Maritime Association said the region's five largest ports, including Los Angeles and Long Beach, had seen backups "approaching complete gridlock," as contentious contract talks with the dockworkers union have stalled.

December 9, 2014

The nation’s leading automotive retailer credited investments in inventory and favorable weather with helping it achieve its 33rd consecutive quarter of double digit earnings growth.

The nation’s leading automotive retailer credited investments in inventory and favorable weather with helping it achieve its 33rd consecutive quarter of double digit earnings growth.

The company said sales for its first quarter ended Nov. 22 increased 8 percent to $2.3 billion while same store sales increased 4.5 percent. Profits for the period increased 9.3 percent to $238.3 million while earnings per share advanced 15.6 percent to $7.27 and were aided by the company’s repurchase of 571,000 shares.

December 8, 2014

Eastern Mountain Sports has enlisted JustEnough Software Corp., a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve its inventory capabilities for its brick-and-mortar as well as its Internet site. 

Eastern Mountain Sports has enlisted JustEnough Software Corp., a leading provider of demand management solutions for retail, wholesale and direct-to-consumer businesses worldwide, to improve its inventory capabilities for its brick-and-mortar as well as its Internet site.

October 7, 2014

Chico’s is looking to evolve its omnichannel retailing strategy, and to that end, has partnered with Tyco, a leading global provider of retail performance and security tools and technology, to address inventory accuracy and visibility challenges in 13 Soma Intimates pilot stores.

Chico’s is looking to evolve its omnichannel retailing strategy, and to that end, has partnered with Tyco, a leading global provider of retail performance and security tools and technology, to address inventory accuracy and visibility challenges in 13 Soma Intimates pilot stores.

Tyco's RFID-based Inventory Intelligence tool is designed to enable store assistants to access accurate, real-time inventory information in one place to better manage their deep merchandise assortment and to drive increased sales and shopper satisfaction, according to the company.

September 30, 2014

Shoe Carnival is leveraging eBay Enterprise’s integrated technology and services to streamline its omnichannel operations, including retail order management, payments, fraud protection, ship-from-store and customer care.

Shoe Carnival is leveraging eBay Enterprise’s integrated technology and services to streamline its omnichannel operations, including retail order management, payments, fraud protection, ship-from-store and customer care.

eBay Enterprise’s modular solutions will provide the retailer with a secure engine to accept payments, drive down fraud rates and consolidate inventory across many of its stores to increase product assortment, while lowering fulfillment transit time and expense, according to the company.

September 2, 2014

For the second consecutive quarter, Toys “R” Us has delivered positive comparable store net sales results in its U.S. and international segments.

For the second consecutive quarter, Toys “R” Us has delivered positive comparable store net sales results in its U.S. and international segments.

After several years of market weakness, the company’s international business as whole has begun to rebound, driven primarily by net sales increases in Japan and the U.K. Business in China and Southeast Asia remains strong, as the company continues its expansion in that region.

August 22, 2014

During the fourth quarter, Tuesday Morning Corporation continued working on the final phase of its turnaround program. Judging by its comparable-store sales trend, increased inventory turnover and improved cash position, the company’s plan is working.

During the fourth quarter, Tuesday Morning Corporation continued working on the final phase of its turnaround program. Judging by its comparable-store sales trend, increased inventory turnover and improved cash position, the company’s plan is working.

August 15, 2014

Despite an increase of 1% in comparable store sales, Dillard’s CEO William T. Dillard II expressed disappointment in the company’s bottom line performance.

Despite an increase of 1% in comparable store sales, Dillard’s CEO William T. Dillard II expressed disappointment in the company’s bottom line performance.

The company’s net sales for the 13 weeks ended Aug. 2 were $1.475 billion, compared to net sales of $1.480 billion for the 13 weeks ended Aug. 3, 2013. Net sales include the operations of the company’s construction business, CDI Contractors.

August 15, 2014

Manhattan Associates continues to close the loop on its supply chain and omnichannel service offering with the recent acquisition of in-store mobile solutions provider GlobalBay Technologies from VeriFone.

Manhattan Associates continues to close the loop on its supply chain and omnichannel service offering with the recent acquisition of in-store mobile solutions provider GlobalBay Technologies from VeriFone.

August 7, 2014

Fred’s has brought Craig Barnes and Kelly Ma on board to lead the company’s new sourcing team, as part of the regional discount chain’s efforts to strengthen its overall inventory and buying management capabilities. The company tapped the pair in conjunction with its July sales results.

Fred’s has brought Craig Barnes and Kelly Ma on board to lead the company’s new sourcing team, as part of the regional discount chain’s efforts to strengthen its overall inventory and buying management capabilities. The company tapped the pair in conjunction with its July sales results.

August 6, 2014

Genesco’s Lids division acquired wholesale team sports company Nashville Sporting Goods and its production affiliate National Team Embellishment, both headquartered in Nashville, Tenn.

Genesco’s Lids division acquired wholesale team sports company Nashville Sporting Goods and its production affiliate National Team Embellishment, both headquartered in Nashville, Tenn.

July 11, 2014

Tractor Supply is scheduled to provide complete second-quarter results in just under two weeks. But the first half of the quarter was affected by bad weather, which caused softness in sales, particularly in seasonal merchandise, prompting the company to lower its full-year guidance.

Tractor Supply is scheduled to provide complete second-quarter results in just under two weeks. But the first half of the quarter was affected by bad weather, which caused softness in sales, particularly in seasonal merchandise, prompting the company to lower its full-year guidance.

July 10, 2014

Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.

Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.
 
Costco Wholesale Corp. reported a 6% increase in June same-store sales, helped by higher fuel prices. Its results topped Wall Street estimates.

Excluding the impact of foreign exchange rates and gasoline prices, Costco’s same-store sales increased 6% for the five-week period ended July 6. The metric rose 5% in the United States and 7% overseas.  

June 26, 2014

Women’s sportswear and apparel retailer Fresh Produce has appointed Dorothy Sadd as its COO, the company announced Thursday. The 25-year industry veteran will oversee growing the 30-year-old brand’s footprint, using her expertise in several different facets of clothing production and inventory management.

Women’s sportswear and apparel retailer Fresh Produce has appointed Dorothy Sadd as its COO, the company announced Thursday. The 25-year industry veteran will oversee growing the 30-year-old brand’s footprint, using her expertise in several different facets of clothing production and inventory management.

May 23, 2014

Despite bad weather and a challenging retail environment, Ross was able to post net income increases in the first quarter of fiscal 2014 by controlling inventory and expenses.

Despite bad weather and a challenging retail environment, Ross was able to post net income increases in the first quarter of fiscal 2014 by controlling inventory and expenses.

Net income increased 4% to $243.9 million from $234.6 million in the prior-year quarter.

Total net sales in the quarter increased 6% to $2.68 billion, up from $2.54 billion in last year’s first quarter. Same-store sales rose 1%.

May 19, 2014

Leading United Kingdom retailer Sainsbury's has chosen the software and services of Quantum Retail Technology to optimize its fashion and general merchandise inventory through improved allocation and replenishment functionality.

Leading United Kingdom retailer Sainsbury's has chosen the software and services of Quantum Retail Technology to optimize its fashion and general merchandise inventory through improved allocation and replenishment functionality.

May 9, 2014

Tuesday Morning Corporation’s turnaround efforts paid off in the third quarter ended March 31. The company reported strong comparable store sales performance, increased inventory turnover and improved cash position during the quarter.

Tuesday Morning Corporation’s turnaround efforts paid off in the third quarter ended March 31. The company reported strong comparable store sales performance, increased inventory turnover and improved cash position during the quarter.

The leading closeout retailer that operates 811 stores across the U.S. reported net sales of $182.8 million, an increase of 2.6% compared to $178.1 million for the third quarter of fiscal 2013.

May 1, 2014

An expected shift in Easter-related product shipments affected Kraft Foods Group in the first quarter of 2014.

An expected shift in Easter-related product shipments affected Kraft Foods Group in the first quarter of 2014.

"We continued to make steady progress during the first quarter of this year," said CEO Tony Vernon, who remained positive. "We still have more work to do, but we're confident that our focus on brand renovation, marketing excellence and total cost management will drive the profitable growth that both we and our shareholders expect."

April 18, 2014

In the last 12 months the buzz around omnichannel has become the most consistently discussed trend for major retailers. It’s always noteworthy when a trend emerges and becomes a part of the mainstream conversation so quickly, but what is even more noteworthy is how fast omnichannel has become standard operating procedure.

In the last 12 months the buzz around omnichannel has become the most consistently discussed trend for major retailers. It’s always noteworthy when a trend emerges and becomes a part of the mainstream conversation so quickly, but what is even more noteworthy is how fast omnichannel has become standard operating procedure.

March 19, 2014

A little more than a week since the Men's Wearhouse confirmed plans to acquire Jos. A. Bank, it is launching an omnichannel inventory program giving customers access to merchandise within its distribution center and its more than 900 retail locations from one spot.

A little more than a week since the Men's Wearhouse confirmed plans to acquire Jos. A. Bank, it is launching an omnichannel inventory program giving customers access to merchandise within its distribution center and its more than 900 retail locations from one spot.  

February 27, 2014

As far as sales go, Sears Holdings didn’t have a very happy holiday. But the company was still able to narrow its loss for the fourth quarter, as it lowered expenses and reduced inventory.

As far as sales go, Sears Holdings didn’t have a very happy holiday. But the company was still able to narrow its loss for the fourth quarter, as it lowered expenses and reduced inventory.

The company said the costs of transforming into a member-centric retailer using an integrated online platform and the omnichannel Shop Your Way membership program fueled its net losses. It attributed declining revenues to lower same-store sales and having fewer stores in operation.

February 8, 2014

Demand forecasting, inventory allocation and replenishment — the unsung building blocks of every successful retail enterprise — have gained a new level of respect with retailers striving to deliver the omnichannel experience shoppers demand.

Demand forecasting, inventory allocation and replenishment — the unsung building blocks of every successful retail enterprise — have gained a new level of respect with retailers striving to deliver the omnichannel experience shoppers demand.

January 31, 2014

When it comes to meeting consumer expectations, the stakes for retailers have never been higher. Digital age consumers are more discerning, have high expectations for the quality of product information and use technology in a variety of ways to make educated purchasing decisions.

When it comes to meeting consumer expectations, the stakes for retailers have never been higher. Digital age consumers are more discerning, have high expectations for the quality of product information and use technology in a variety of ways to make educated purchasing decisions. They use search engines to get more information about a product or brand. They comparison-shop online. They visit manufacturers’ websites. They read online endorsements, reviews and recommendations.