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How Ikea and Flow Loop are creating the “shower of the future”

Inside Retail

For many people, Ikea is the place to go for bath towels, shower curtains, scented candles and all the other items needed for a relaxing bath experience. Now, they can add a water-recycling shower system to the list, following the furniture giant’s minority investment in Danish start-up Flow Loop. Investing in sustainability.

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“At the starting line”: Building relationships and loyalty over Ramadan

Inside Retail

While certain retailers are identifying the commercial opportunities associated with the month of Ramadan, an expert suggests that Australian retailers are still “at the starting line” when it comes to authentic engagement with the Muslim community. Everyone is at the starting line,” she said.

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Vertical Integration, Collection Software, and Other Trends That can Make a Brand Thrive

Retail Focus

While there are many people who may carry on with online purchases, many others want to get back to traditional stores. Netflix realised there were bigger profits to be had by producing their own material instead of licensing other peoples. Using collection software to increase cash flow. What is the state of British retail now?

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Why retailers are replacing staff with AI bots. Hint: it’s all about the data

Inside Retail

While the system and others like it are in their infancy, and some still rely heavily on human assistance , retailers are investing huge sums in AI to replace human workers. Instead data flow shapes them personally, and they develop what we recognise as experience or expertise. Why the rush to automate? can be extremely granular.

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“No immediate impact”: Experts weigh in on Senate Committee’s recommendations

Inside Retail

However, outside of this committee, there has been a publicised difference in opinion across political lines. The review looked at whether the mergers and acquisitions reforms in other sectors such as hardware and liquor are currently adequate for competition laws.

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4 Tips for Buying a Home When You Run Your Own Retail Business

Retail Focus

Consider Your Cash Flow Before Purchasing Before you start the home-buying process, it’s important to get a clear understanding of your cash flow. This means taking into account all sources of income, such as profits from your retail business and any investments or other streams of money that come in.

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How AI is set to revolutionise inventory management

Inside Retail

Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Manufacturers need accurate, relevant data to design new products and plan production – data that comes from the front line of retail. Getting inventory management right can be a huge competitive advantage.