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In 2015, Target’s foray into the international market came to an abrupt end. Target Canada laid off 17,000 workers, closed hundreds of stores, and shut down its business operations in Canada.
In 2020, eCommerce sales grew a whopping 44%, but not all retailers saw equal revenue gains. The businesses that boomed were the ones that identified and adapted to the change with effective eCommerce and BOPIS strategies.
Wondering how they did it?
Whether you’re new to the space and trying to institute new processes and software or you’re an established business trying to pivot or optimize, we’ve got the tech, tools, and tactics you need. In this webinar, we discussed how to:
Buy online pick up in-store (BOPIS) was an optional feature offered by retailers before the covid19 pandemic. Fast forward to 2021, BOPIS has basically become one of the most important retail services for survival.
From the start, Ox’s mission has been to level the playing field for retailers by making technology that’s accessible, scalable, and good for business. When we set out to build the best end-to-end solution for retailers, we had no idea what was on the horizon.
The rise of buy online, pick up in-store (BOPIS), microfulfillment centers, and eCommerce has many companies rethinking their fulfillment strategies to ensure they remain competitive. Speed, accuracy, and efficiency issues compound as order increase, making it more essential than ever for companies wanting to increase business to adapt.
Wondering how to improve your warehouse pick rate? You’re not alone. As eCommerce and retail grows, every warehouse wants to improve the efficiency and accuracy of their employees by moving the needle on warehouse picks per hour.
But how?
It might be time to look at your technology.
If you’re using clipboards and old school scanners, it’s more than likely reaping havoc on your picks per hour. It’s the least efficient method of warehouse picking because pickers are forced to look back and forth between inventory and paper to get and confirm the product info, opening them up to errors.
We’re currently in the middle of a third wave of the Covid-19 pandemic. Unfortunately, even with vaccines being rolled out as fast as possible, there are new strains that have been proven to be more infectious than the first strain.
Retail workers and other customer-facing employees in retail outlets stores are at an even higher risk of infection, not just from the micro-droplets, but also from contact with common surfaces. Studies have shown that the coronavirus can live on surfaces for as long as 3 days.
This means that the handheld devices used in retail stores are increasing the risk of retail workers being exposed to infection in the workplace. These surfaces are dangerous to both employees and customers.
While the competition between retail brands has always been fierce, the global pandemic has upped the ante. The stakes are higher than ever and retailers must learn to adapt or face bankruptcy as many have already done.
Online grocery shopping has become a key part of many of our daily lives due to COVID19. While this is good news for retailers, it comes with its unique challenges – faster shipping being the most prominent. It has become imperative for retailers to get customers their items very quickly.
Over the last few months, the retail sector has grown in unprecedented ways. In response to COVID19 and changing lifestyle habits among consumers, many retail brands are recording a dramatic increase in online revenue.
Retail sales in the 3rd quarter of 2020 showed an estimated revenue of almost $1.5 trillion USD in the US alone. That’s a 12 percent increase from the 2nd quarter, and a 36 percent increase compared to the 3rd quarter of 2019. Interestingly, online retail sales from eCommerce platforms accounted for 14.3%, or about $200 billion USD, of the total retail sales.
COVID-19 is decimating entire industries, crippling businesses, and crushing any economic growth that many countries have managed to increase since the 2008 recession. A visit to the average city shows rows and rows of shops boarded up with many other businesses on the brink of bankruptcy. On the other had, some retail giants such as Walmart, Target, Amazon, and Kohl’s have actually managed to grown significantly in the wake of the pandemic.
In response to the COVID, consumers are doing most of their shopping online, and retail stores are deploying a series of delivery options that are designed to keep both retail workers and consumers safe. Retails that have learned and adapted to these changes quickly have benefitted from tremendous growth in the last year.
