In an effort to promote sustainability and reduce waste, the European Union (EU) is preparing to adopt the Packaging & Packaging Waste Regulation (PPWR). This forthcoming regulation, expected to come into force by late 2024 or early 2025, aims to replace the current Packaging & Packaging Waste
Urban Outfitters, Inc. (URBN), a key player in the retail industry, is doubling down on its commitment to Nuuly, its burgeoning rental clothing brand. By channeling substantial investments into logistics and automation, URBN aims to set the stage for Nuuly’s expansive growth. These efforts reflect
In today’s fast-evolving retail environment, digital payment technologies are transforming the industry landscape. A notable shift is occurring from traditional point-of-sale (POS) systems to software-based point-of-sale (SoftPOS) solutions. This article delves into the implications of this
Retailers increasingly face a persistent issue known as "phantom inventory," where system records show items as available that are not actually in stock. This discrepancy can lead to lost sales, customer dissatisfaction, and a cascade of operational headaches. Enter RELEX Solutions' True Inventory,
In a significant move aimed at providing regulatory relief and stimulating economic stability, the State Bank of Pakistan (SBP) has raised the regulatory retail portfolio limit for banks from Rs180 million to Rs300 million. This adjustment is part of the SBP's broader strategy to alleviate the
The Indian auto retail industry is grappling with an unprecedented issue as unsold passenger vehicle (PV) inventory has surged to record-high levels. As it stands, the unsold inventory has ballooned to 7.9 lakh units, with an astonishing market value of ₹79,000 crore. This alarming rise in unsold
