As a wholesale store owner, you need clever strategies to maintain a competitive edge and maximize profits. But did you know that one of the more effective tactics at your disposal involves setting up a different customer tax rate for B2B clients? Yes, modifying your wholesale customers’ tax rate can serve as an incentive. For…
Despite tens of thousands of viral TikTok #CleanTok videos, many retailers still show a psychological barrier toward cleaning or requiring their staff to maintain the cleanliness of their store.
What is product sorting? Something wholesale store owners can’t do without! Simply put, product sorting is the ability to efficiently organize your list of goods on your wholesale order form. Boasting diverse benefits, it serves as a vital feature for optimizing the ordering process. After all, by arranging products systematically, you can enhance user experience…
Amazon said it hit its fastest Prime delivery speeds ever last quarter, with more than half of Prime member orders in the 60 largest U.S. metro areas arriving on the same or next day. So far this year the company has delivered more than 1.8 billion units to U.S. Prime members the same or next…
Walmart and Rubi Laboratories have launched a pilot to test whether usable textiles can be developed from captured carbon emissions generated by manufacturers and facilities in the Walmart supply chain. “When I toured the Rubi facility earlier this year, I got to see their carbon capture process firsthand, and it felt like magic, this creation…
Adidas has announced plans for a second release of its remaining Yeezy inventory following the initial May 2023 release. The sports brand has been in a bind since ending its relationship with Ye (formerly known as Kanye West) following a series of antisemitic remarks made by the rapper. Until the rupture, the Yeezy brand collaboration…
GameStop will replace its departing CFO Diana Saadeh-Jajeh with Daniel Moore, who will take on the roles of Principal Accounting Officer and interim Principal Financial Officer effective Aug. 11, 2023. The troubled retailer reported a $50.5 million loss in Q1 2023 and fired its then-CEO Matt Furlong in June 2023. Saadeh-Jajeh had only been on…
Inventory distortion, whether it’s out-of-stocks or overstocks, are a huge and costly challenge for retailers and suppliers, and too often a source of great inconvenience to consumers. A recent study by IHL Group projects that the global cost of inventory distortion in 2023 will be $1.77 trillion — bigger than the combined retail GDP of…
