Rite Aid's strategic transformation after emerging from an 11-month period in bankruptcy presents an informative case of leveraging data to revamp business models. This article explores how Rite Aid has utilized data analytics to optimize operations, enhance customer loyalty, and meet
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
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 v
As the 2024 holiday season approaches, retailers are significantly focused on improving inventory management and understanding evolving consumer behavior to ensure a smooth shopping experience. Recent data from the 2024 Supply Chain Confidence Survey by Manhattan Associates indicates that, despite
Walmart's recent announcement centers on automating its regional distribution centers (RDCs) in Searcy, Arkansas, and Buckeye, Arizona. This bold move is a component of a broader strategy aimed at significantly enhancing efficiency and accuracy across the retail giant's U.S. supply chain.
The retail industry is undergoing a significant transformation due to advancements in artificial intelligence (AI). Over the last 15 years, AI has gradually evolved within the sector, starting with AI-powered virtual assistants on major retail websites. Today, AI influences multiple facets of
