Ramping up for Black Friday, Amazon increased its product listings by 43% in the third quarter of 2014, adding four times as many SKUs to its website between July and September than it did in the entire first half of 2014.
Fast Retailing Co.’s Comptoir des Cotonniers division has launched “Fast Shopping,” which allows European shoppers to purchase items in 20 seconds on their mobile devices via an application from Powa Technologies, London. Shoppers using the PowaTag app can scan items they see on ads in various places to make the purchase and with one click, complete the transaction and have the goods delivered to their home within 48 hours.
Sona Enterprises, a direct wholesaler/distributor of more than 3,000 SKUs to gift shops, travel agencies, camping and hiking outfitters, auto dealerships/parts stores/repair shops, jewelry and convenience stores, has improved upon manual warehouse management procedures using the AcellosOne warehouse management system (WMS).
Shrink happens — every retailer knows it, and most are aware that an estimated 35% of losses associated with shrink are attributed to employee fraud. However, most retailers are surprised by the losses that are attributed to human error rather than malice.
Grocery is perhaps the sector most plagued with erroneous shrink at checkout due, in part, to the sheer volume of SKUs running across the scanner, but it is often a function of misleading promotions or unclear directives.
Powell’s Books touts itself as being the largest independent used and new bookstore in the world, with an extensive collection of out-of-print and rare titles. The Portland, Ore.-based retailer also is among the growing number of regional chains that are replacing outdated and tedious supply chain processes with updated, seamless ones.