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How forecasting can enhance cash flow in the retail sector

Retail Focus

The role of cash flow forecasting in retail Cash flow forecasting, which retailers should prioritise, is when businesses use data to determine how much profits and expenses there may be in a given period where money can be invested and where it may need to be cut. Was there a promotional offer? What season were we in?

Flow 147
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How AI is set to revolutionise inventory management

Inside Retail

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

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Top 6 Tools For Retail Promotion

Retail Focus

Promotion of any product or service in the modern world is not an easy topic. Retail is a particularly difficult mechanism to promote, because it is a large–scale business. However, it is quite realistic to promote it. We have collected several tools in order to promote the retail business easily and clearly.

Promotion 130
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Redbubble cuts staff to manage costs

Inside Retail

However, increased promotional activity to attract new and existing customers impacted its gross profit after paid acquisition (GPAPA) margin. We have decided to reduce the cost base within the Redbubble marketplace to accelerate the group’s return to cash flow positive. million after momentum improved during the second quarter.

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Inbox to doorstep: Three strategies to elevate your post-purchase experience

Inside Retail

James Guerin, strategic partnerships manager at Klaviyo, says that post-purchase, personalised emails have an open rate considerably higher than for regular email communications, underlying the importance of maintaining communication throughout the customer journey. Ready to explore the Klaviyo and Starshipit integration?

Strategy 290
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How automation can help retailers reduce back-office costs and grow

Inside Retail

I think you find that in retail, getting started in those sorts of projects requires senior management, usually the finance team, to really understand what’s possible,” Christophe DuMonet, managing director of Esker Australia, a global cloud platform that offers AI-based order-to-cash and source-to-pay solutions, told Inside Retail.

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What to know about Woolworths’ appointment of its first female CEO in 100 years

Inside Retail

The appointment of Amanda Bardwell as Woolworths Group’s next managing director and CEO, effective September 1, marks a historic moment for the parent company of Woolworths Supermarkets and Big W, which reported nearly $65 billion in sales last financial year. She took on her most recent role, as the managing director of WooliesX, in 2017.