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AI is driving a dramatic reinvention of retail demand planning. Here’s how

Inside Retail

Australian retail businesses have been warned they are missing out on sales by reacting too slowly to customer trends – and that poor retail demand planning is resulting in unnecessarily high levels of capital tied up unproductively in unsold inventory in warehouses and stores. million SKU locations the company is forecasting simultaneously.

Planning 147
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Retail’s new range: The evolution of merchandise planning

Inside Retail

The pandemic continues to influence customer purchasing priorities and penetration in the omnichannel environment, which is affecting assortment mix and demand at each location. This is creating new challenges for retail operations, including a particular demand for agile merchandise planning and supply-chain processes.

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Kivari, born in a market, opens two more stores

Inside Retail

This takes its network of boutiques in major locations to six, with further stores planned as the company expands. The Burleigh Heads and Bondi stores will join Kivari’s current locations in Byron Bay, Noosa, Freshwater, and Miranda. The new area is located on Level 3 of Westfield Bondi Junction.

Marketing 246
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Plans for Oxford Street’s £150 Million redevelopment revealed

Retail Focus

Oxford Circus will be transformed into two, pedestrian-friendly piazzas as part of plans unveiled by Westminster City Council and The Crown Estate today. These latest plans build on the recent improvements to Regent Street, and will help create a fitting gateway to all that the West End has to offer.”.

Planning 200
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Using AI workforce tools can boost margins, inspire staff, satisfy shoppers

Inside Retail

Zebra Workcloud Scheduling allows companies to schedule smarter by aligning customer traffic patterns and employee availability preferences, skills and certifications, thus optimising customer service execution. AI also helps share labour resources across locations, departments and roles within the organisation. “By

Pattern 299
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Visitation Data now available in GapMaps Live

Inside Retail

Retailers who operate a franchise or multiple store networks can now access powerful insights on real-time human movement data to and from locations using authorised location data collected from mobile phones. Other data sets may include geographic, demographic, economic, customer or competitor intelligence.

Pattern 130
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Consumer spending predictions in 2022

Inside Retail

In the fourth report of its kind, Pattern Australia polled 1000 online shoppers in March 2022 to learn about customer behaviour last year and how shopping habits are likely to change in the year ahead. . Each month Pattern releases research into online performance trends, benchmarking a range of metrics and channels for the Australian market.

Consumer 130