Per-store inventory (including merchandise sitting at its warehouses) was 10% lower in the fiscal year ended Jan. 30, 2010 than the prior year, even as same store sales at the combined T.
That calls for more centralized distribution, where the cost benefits can spill over to the store-bound inventory that's sharing the facility.
"I knew one guy who would actually pay rent to use half of another guy's locker because his locker wasn't large enough to store all his inventory, " he says.
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While this means that customers who missed the Rochas coat during the trunk show might be able to find it on the site months later, during the normal fall shopping season, it also means that Moda needs to buy, store and sell a large inventory of clothing, just like a department store or Net-a-Porter.
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The infusion will go toward replenishing inventory and store remodeling, the company says.
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Google has rolled out applications that enhance shopping on-the-go including indoor maps as well as mobile coupons and targeted local search with rich data such as inventory, store hours, and consumer reviews.
My father, Steve, encouraged his five daughters to learn about business and entrepreneurship and allowed me to take over a closet at home for a store, complete with inventory and a working cash register.
Consumers use smartphones while in the store to check pricing, inventory availability, and product reviews.
The retailer combined its online and store channels to integrate the inventory pool across its stores.
But they can do well if they integrate their online and in-store services, carry enough inventory and price competitively.
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In the past, Mr. Bearden would have had to walk to the front of the store and look up available inventory on a personal computer.
More fundamentally, however, in recent years Giordano has changed its corporate culture to concentrate on such soft skills as inventory management, store layout, service and style.
It has the capability of eliminating the limited inventory that any small store has to deal with.
That would have been a significant challenge to retailers, given how many types of phones any store sells and how quickly that inventory changes.
Inventory throughout the 800 store chain is readily available to customers whether they shop in a store, on the Internet or on a mobile device.
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Among new initiatives, the company highlighted that all of its company owned stores have new inventory systems to better track the inventory needs of each particular store and communicate this to Starbucks business partners.
Investors mulling retail stocks have well-established metrics to look at, among them inventory turnover (cost of sales divided by inventory), same-store-sales growth (the change in sales for stores open at least one year) and sales per square foot.
And Saks is cutting inventory and has said that temporary store closures will lop 12-15% off its September sales.
Best Buy also said it continues to expect 2013 comp store sales, gross margin, earnings and inventory levels to be in line with previous expectations.
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There are some operational improvements that could be made similar to how Nordstrom will fulfill online orders from their physical store locations whereas JCP keeps separate DCs and inventory to support online orders.
The threadbare inventory the authors discovered in the village store outside Hyderabad is only one example.
He asks: Shouldn't there be a way to give credit to store owners who get their suppliers to finance their inventory?
Madoff would call me collect in the morning, before he started work filling orders and taking inventory at the commissary, a convenience store for the inmates.
In addition to the store closures, Sears Holdings said it plans to reduce inventory, focus on improving gross profit dollars, and reduce its fixed costs.
If one department store buyer thinks teal will sell, maybe having some in inventory would be a good idea.
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And, if one goes into a carrier store, chances are that the phones of which they have the greatest inventory are the ones a customer will hear about first.
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And many traditional store retailers that have added significant online operations have been able to consolidate inventory into fewer distribution centers, often strategically placed to minimize sales taxes and shipping costs.
Databases store the bits of a company's information, everything from auto part inventory levels to personnel records.
For retail workers, the device can access product information, look at inventory or be used to call another employee inside or outside the store for assistance.
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