Retailers have learned that, to best manage inventory surplus, a specific strategy must be developed, it is no longer enough to simply lower prices. This specific case, actually, is linked to the wider and more complex issue of profit protection.
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The mutated international context imposes logistics and increasingly efficient inventory management, while the world of fashion (and Retail in general) wonders about the sustainability of free returns. Bizeta’s ID-STORE is the ideal solution for this new scenario.
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A future-proof business model requires various elements: a holistic approach, a visionary strategy and continuous renewal of resources. With the suitable technological measures, even such an ambitious project is absolutely achievable.
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On one hand, Fashion & Luxury intends to double its investments in technology by 2030. On the other, the very young seem to still be fond of the physical store. In this coexistence between innovation and tradition, it is important to be mobile and omnichannel.
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The study by a company specialized on the subject highlights how Customer Service in 2022 must be omni-channel. Despite growing digitalization, many Retailers, nonetheless, continue to not take full advantage of this opportunity.
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According to a study by McKinsey & Company, during 2022, global Fashion & Luxury will exceed the levels of turnover recorded in 2019 by anywhere between 3% to 8%. The success of several events supports this trend: physical Retail is by now set to overtake the pre-pandemic numbers.
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By the end of 2021, 828 new stores will open in Italy, an increase of almost 8% compared to the current number. In this favorable scenario, the VISION BeanStore Retail application by Bizeta (integrated with ERP tree web by Sintesi Software) is the perfect instrument for the best results.
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Between the physical store and the online store there no longer is a break in continuity. It is precisely thanks to this integration that many brands have obtained excellent results regardless of the pandemic. OneStore by Bizeta is the Retail solution that goes right in this direction.
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On one hand, Big Data to predict trends, guide marketing strategies and maximize sales; on the other, artificial intelligence to collect, filter and analyze an almost unlimited amount of information. The algorithms are by now a key element in the industry of Fashion and Luxury: Bizeta’s Profit Protection is a perfect example of this.
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Protecting one’s profit and significantly reducing losses. An achievement which can be reached thanks to sophisticated tools analyzing register transactions and stock movements, identifying possible anomalies, fraud, and crimes in these flows. An objective achieved in a short amount of time thanks to Profit Protection.
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Following the latest global events, the public who is progressively returning to stores shows never-before-seen characteristics. Once again, technology can come to the aid of Retailers, anticipating needs, and engaging an increasingly multi-faceted clientele.
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For months now there has been talk of the Sales Receipts Lottery, a prize contest to begin next year. The lottery is part of the larger framework of the Italian tax reform, which also calls for telematic payment transmission to the Italian Revenue Agency by all merchants. A revolution which will also naturally concern Retail tied to the world of Fashion.
Read more »The commercial staff of Bizeta Retail Solutions is at your complete disposal to give you any information about our solutions.