“Belle is a creative problem solver and a strategic, visionary thinker. This combination sets her apart in her ability to lead high performing teams and drive outstanding business outcomes. I had the pleasure of working under Belles leadership at many points in my career and hope I have the opportunity to do so again!”
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Ross Stores, Inc.
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Karl Haller
This interview with Walmart CEO Doug McMillon is a #retail #masterclass. A bit of context and perspective, combined with a lot of detail about every aspect of their business — #merchandising, #SupplyChain, #stores, #digital / #omnichannel, #international, #technology, #marketplaces, #RMNs, and more. And this will make an excellent base prompt for a retail #AI assistant — one of my #WeekendProjects
201 Comment -
Richard Daw
Hello Retail Friends, I cannot stress enough how important fresh products are to grocery retailers. When it comes to inventory planning, “point solutions” that lack end-to-end integration and only address store-level planning simply are not enough! Retailers need proven, multi-echelon planning solutions that extend beyond the store - unifying, automating, and optimizing planning in stores, DCs, and omnichannel. This is the only way to get crucial visibility and insight across the end-to-end value chain. https://lnkd.in/ej53RsFV #supplychain #grocery #freshproduce How to improve retail fresh food inventory management | RELEX Solutions Tackle fresh food inventory management challenges head-on with the right strategies and robust planning software. www.relexsolutions.comhas context menuCompose
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Richard Daw
Hello Retail Friends, It’s no secret that supply chains have faced unprecedented disruption and volatility in recent years, underscoring the need to address vulnerabilities, improve preparedness, and create innovative strategies. We surveyed 285 retail, CPG, and wholesale leaders globally in February 2024, exploring the challenges, strategic investment areas, and opportunities for retailers and CPGs over the next 3-5 years. See how retail and CPG executives are tackling these challenges and planning for the future in our report, State of Supply Chain 2024: Retail and CPG Dynamics. https://lnkd.in/eQQVdNmN #supplychain #businesstransformation #supplychainplanning
51 Comment -
Carol Spieckerman
𝐍𝐄𝐖 𝐁𝐋𝐎𝐆!🎉🎉 𝑹𝒆𝒕𝒂𝒊𝒍 𝑮𝒆𝒕𝒔 𝑫𝒆𝒆𝒑 delves into the heart of the topics that really matter in retail. I take a magnifying glass🔍to compelling topics pulled from my podcast episodes, media contributions, and those of industry leaders, expanding on key points and ideas that deserve a closer look.🥸 Inaugural article: 𝐋𝐚𝐫𝐠𝐞 𝐚𝐧𝐝 𝐈𝐧-𝐂𝐡𝐚𝐫𝐠𝐞: 𝐖𝐡𝐲 𝐅𝐥𝐚𝐠𝐬𝐡𝐢𝐩𝐬 𝐀𝐫𝐞𝐧'𝐭 𝐅𝐥𝐚𝐠𝐠𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐀𝐠𝐞🚩A recent RetailWire article asked the burning question: Are flagship stores necessary for retail brands? I pointed out that flagships aren't a must-have for every brand, but they sure are a nice-to-have for many. Flagships are a fantastic way for brands to take control of customer experience, own the brand story, and show off the latest and greatest in-store tech. 𝐂𝐇𝐄𝐂𝐊 𝐎𝐔𝐓 𝐓𝐇𝐄 𝐅𝐔𝐋𝐋 𝐀𝐑𝐓𝐈𝐂𝐋𝐄 https://lnkd.in/gpcn2Gmp
32 Comments -
Nuala O'Connor
Responsibility shouldn't be a barrier to innovation. At Walmart, we're paving the path for responsible innovation. Our team recently published an ESG brief highlighting: ▶️ The ways in which our Digital Trust Commitments are the foundation for earning and maintaining customer trust ▶️ The excellent work our #cybersecurity programs do to protect customer and business data ▶️ Our pledge to using #AI transparently and responsibly, and in ways that are in line with our values Insights worth reading! https://bit.ly/3wO0PFw
932 Comments -
Asa Farquhar
Read a recent blog from our partner, Logic, which recaps the insightful discussions from #RELEXLive2024. The article highlights how artificial intelligence is crucial in evolving retail strategies, particularly through smarter assortment planning and enhancing customer engagement. #GenerativeAI #Retail #SupplyChain
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Richard Daw
Dear Retail Friends, If you’re a wholesaler, access to data from suppliers and retail customers is critical in enabling optimal service levels with minimal inventory. But getting that data, and acting upon it, can be challenging. While there are many hurdles to this kind of collaboration, it can be done. And the benefits are numerous – not just for wholesalers, but their suppliers and retail customers as well. https://lnkd.in/dbxub36v #supplychain #supplychainoptimization #wholesaledistribution The future of wholesale supply chain collaboration | RELEX Solutions Unlock insights on boosting wholesale collaboration for supply chain efficiency and profit in this expert interview.
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Jeff Rudat
Kudos to Macy's for their navigation of this challenge to how the company should operate in the future benefitting Shareholders and satisfying Stakeholders, including customers, during "A Bold New Chapter”. Excerpts: Dive Brief: Macy’s Inc.’s board of directors has unanimously voted to end talks with Arkhouse Management and Brigade Capital Management, which in March had offered $6.6 billion or $24 per share to take over the company, the department store said on Monday. The firms in June raised their bid to $24.80 per share but failed to deliver “a definitive, fully financed and actionable proposal,” the department store also said. Macy’s had requested the best price the firms were willing to pay, plus “fully negotiated commitment papers for all the debt and equity needed to finance the revised proposal.” Dive Insight: Given Arkhouse’s focus on real estate, its bid in conjunction with Brigade Capital — now close to $6.9 billion — was widely seen as a play to monetize Macy’s property assets rather than transform its retail operations. For many analysts that called to mind the slow deterioration of Sears. More recently, since Arkhouse’s overture, Macy’s has fortified its board’s real estate expertise — including adding nominees favored by Arkhouse — and said that property value will be a factor in deciding which 150 stores will shutter over the next three years. “Macy’s has played a good game in patiently furnishing the activist investors with information and allowing their nominees to take some seats on the board,” GlobalData Managing Director Neil Saunders said in emailed comments. “As such, it has shown itself to be a willing participant in discussions and has taken the bid seriously, which it must do in the interests of shareholders. However, Macy’s is also right to terminate dealings that were not proving to be fruitful or serious in terms of financing.” Meanwhile, the firms didn’t offer much beyond squeezing money from Macy’s real estate, according to GlobalData’s Saunders. “Indeed, many of the activist investor proposals would have significantly weakened Macy’s and hampered its ability to survive as a retail operation,” he said. On Monday Macy’s made clear that, with these negotiations in its rear-view mirror, its turnaround, dubbed “A Bold New Chapter,” is now sharply in focus. The turnaround is helmed by Macy’s Inc. CEO Tony Spring, previously Bloomingdale’s CEO, who took over from Jeff Gennette in February. Saunders credited Spring with having “a much clearer sense of vision and purpose in working to turn the business around.” “While Macy’s has a lot of work to do, it must be allowed the breathing space and time to enact changes that will put it on a path to growth and add value for investors,” he said. “Arkhouse and Brigade were never part of that long-term vision and the distraction of a sideshow they created must now end.” #macys #retail #takeover #realestate
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Mollie Panzner
In our whitepaper, "Redefining Retail: Crafting Your Journey Towards a Perfect Store Strategy," brands learn how to: - Evaluate perfect store success potential - Build a picture of success - Implement a scorecard system - Create a field rep workflow and store tracker Download here: https://lnkd.in/eMAs5FNu
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Mueed Mohammed
💡 Guided Replenishment 🚀 Revolutionizing Inventory Management with Generative AI! 🤖📦 In today's fast-paced retail and supply chain environments, staying ahead of inventory demands is crucial. This is where guided replenishment comes into play. But what exactly is it? Guided Replenishment 🔢 is a data-driven approach to inventory management, ensuring stock levels are optimized by predicting when and how much inventory needs to be replenished. It combines advanced algorithms, real-time data, and strategic supplier coordination to prevent overstocking and stockouts. Now, imagine enhancing this process with the power of Generative AI Here's how: 🎷 🔮 Advanced Demand Forecasting: AI analyzes vast datasets, uncovering patterns and trends to predict future demand with incredible accuracy. 🛠️ Dynamic Replenishment Strategies: AI adapts to real-time changes, offering optimal replenishment strategies instantly. 🎯 Personalized Recommendations: Tailored suggestions based on product characteristics, sales history, and customer preferences. 🚚 Supplier Optimization: Predict supply chain disruptions and optimize orders for seamless operations. 📈 Inventory Level Optimization: Continuously refine inventory policies to balance costs and service levels. 🔍 Anomaly Detection: Proactively identify issues like theft or unexpected market changes Ready to transform your inventory management? With Generative AI, guided replenishment isn't just a process—it's a strategic advantage. #AI #GenerativeAI #InventoryManagement #SupplyChain #RetailTech #Innovation #FutureOfWork #DataDriven #Logistics #TechTrends
161 Comment -
John D Lee
Great comments Sean! Conventional wisdom often focuses on the logistics and process problem of handling a retail customer return - store and online returns. This "problem" focus often masks and obscures the business opportunity hiding in plain sight - the customer experience associated with merchandise returns. We are all shoppers and we know we are loyal and flock to a shopping experience that delights. We will come back and buy more every time. The returns experience is an opportunity to delight your customer and do more business with most valuable customers. It seems the lesson here for retailers and brands is to understand differential customer value, understand the reasons for this customer's return, present returns options that are convenient and responsive to this customer, and use the transaction as an opportunity to delight and do more business with that customer. Sending a return shipping label to someone you know doesn't have a printer isn't convenient or a delight.
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Jerry Geisler
Closing the AI skills gap is top of mind for me and many leaders in infosec, but how do we do that responsibly? At Walmart, we encourage safe experimentation all in service of people, and we even built our own GenAI-powered assistant so associates can continue to develop their AI muscles. Curious to hear other ways folks in my network are approaching responsible AI experimentation? #GenAI #AI #Infosec https://bit.ly/4efKCKn
1666 Comments -
Aditya Patel
In today's retail landscape, the fusion of online and brick-and-mortar shopping experiences has become the norm. Customers can seamlessly choose between digital platforms and physical stores, demanding convenience and efficiency at every turn. However, for smaller retail players, navigating this omnichannel terrain poses unique challenges. Enter the Omnichannel Order Management System (OMS) – a solution for businesses of all sizes that is customized to streamline operations and ensure a seamless retail journey from click to doorstep. Whether you're a growing mid-sized enterprise, the benefits of an OMS are undeniable; it offers scalability, cost-efficiency, and most importantly, a competitive edge in today's retail. With an OMS in place, retailers can effortlessly track inventory in real-time and deliver premium customer experiences at every touchpoint. Ready to revolutionize your retail game? Dive into HotWax Commerce's blog and discover how Omnichannel OMS can elevate your business to new heights. https://hubs.la/Q02wH2WH0 #ShoppingandtheRetailIndustry #eCommerce #Retail #Omnichannel #OrderManagementSystem
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Aditya Patel
In today's retail landscape, the fusion of online and brick-and-mortar shopping experiences has become the norm. Customers can seamlessly choose between digital platforms and physical stores, demanding convenience and efficiency at every turn. However, for smaller retail players, navigating this omnichannel terrain poses unique challenges. Enter the Omnichannel Order Management System (OMS) – a solution for businesses of all sizes that is customized to streamline operations and ensure a seamless retail journey from click to doorstep. Whether you're a growing mid-sized enterprise, the benefits of an OMS are undeniable; it offers scalability, cost-efficiency, and most importantly, a competitive edge in today's retail. With an OMS in place, retailers can effortlessly track inventory in real-time and deliver premium customer experiences at every touchpoint. Ready to revolutionize your retail game? Dive into HotWax Commerce's blog and discover how Omnichannel OMS can elevate your business to new heights. https://hubs.la/Q02z4jyG0 #ShoppingadntheRetailIndustry #eCommerce #Retail #Omnichannel #OrderManagementSystem
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Dyci Manns Sfregola, CSCP
"Perfect demand estimation, accompanied by a supply chain with the capacity to keep up, is the "holy grail" in retail, says Walmart CEO Doug McMillon, in a wide-ranging interview covering his path to CEO and his goals for competing against competitors such as Amazon." Tell us something we don't know, right? ;) In a client team meeting yesterday I asked everyone to share how they felt on a scale from 1-5 and asked what would take them to a 1 and what would take them to a 5. The sales team was worried about production capacity. Your supply chain is critical to business success. https://lnkd.in/e3wsEY-5
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John B. R. Long
Despite digital's penetration in retail, physical stores remain a vital part -- if not the lifeblood -- of most retailers' businesses: from providing memorable and differentiating customer experiences to fulfilling online orders to generating in-store sales. And now Walmart, the world's largest company (and retailer), are recognizing just how much successful stores contribute to their overall success by rewarding (our fancy word for 'compensating') their store managers accordingly. From a talent perspective, this move 'raises the bar' and should enable Walmart to attract, develop, and retain the retail industry's very best performing store managers while simultaneously forcing its many competitors to respond. #retail #retailer #talentacquisition #storemanagers #compensation #totalrewards
271 Comment -
Lina Gallagher
🚀 Insights from Walmart CEO Doug McMillon on eCommerce and Omnichannel Retail. Brilliant interview, thanks Stratechery. Here are some key takeaways from our conversation: 🔹 𝐖𝐚𝐥𝐦𝐚𝐫𝐭’𝐬 𝐞𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧: Initially, the potential of eCommerce was underestimated, but the acquisition of Jet.com was a game-changer. It brought in essential expertise and new perspectives, enabling Walmart to aggressively pursue and integrate digital retail. 🔹 𝐎𝐦𝐧𝐢𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐚𝐧𝐝 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧: Leveraging its vast network of physical stores, Walmart has created a seamless omnichannel experience. With stores in close proximity to customers, especially for groceries, Walmart has a unique competitive edge. Integrating supply chain and technology across channels has enhanced both customer experience and operational efficiency. 🔹 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧: The transition to a tech-savvy retailer required adopting agile methodologies and fostering cross-functional collaboration. Significant investments in automation and AI are optimizing Walmart’s supply chains and inventory management, showcasing a forward-thinking approach to retail technology. 🔹 𝐆𝐫𝐨𝐜𝐞𝐫𝐲 𝐚𝐬 𝐚 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞: Integrating grocery with eCommerce has been a major advantage for Walmart. The grocery business drives frequent customer visits and supports the broader eCommerce strategy, solidifying Walmart’s market position by offering a comprehensive shopping experience both online and in-store. 🔹 𝐌𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞 𝐚𝐧𝐝 𝐀𝐝𝐯𝐞𝐫𝐭𝐢𝐬𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬: Walmart’s marketplace and its advertising platform, Walmart Connect, are crucial areas of focus. These initiatives aim to diversify revenue streams, enhance customer acquisition, and leverage Walmart's scale in both physical and digital retail. Do you follow Walmart's journey? #EmerceConsulting #Ecommerce #RetailInnovation #Omnichannel #Walmart #Leadership #TechnologyInRetail
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