Learn How To Thrive in the New Target World
Expectations are being dramatically shifted at Target that will require its suppliers to work differently to become better aligned with various operating priorities and changes in the business mix. Come and learn firsthand from Bryan Carlson and John Zapfel, two former multiple-positioned Target buyers recently hired by LumiData. Both are experts in merchandising, buying and product-flow in the Target world. During this one-hour seminar, they will cover the hard-hitting changes in these areas and the top priorities that will impact the challenges of suppliers.
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10.29.14Spine-chilling Inventory Issues?
With Halloween just around the corner, retail stores are filled with goblins, ghosts and ghouls, but there’s a really frightening specter lurking out of sight in many stores — phantom inventory — goods that retail inventory accounting systems consider to be on hand, but actually do not exist. There are many explanations for this ghost-like inventory—items being moved without recording changes in inventory systems, theft and check out and data entry errors, just to name a few. But no matter the reason, the resulting discrepancy is completely unnerving.
Over the past few years we’ve seen a lot of big box retailers test and establish many different store concepts—concepts like Target’s Target Express, City Target and P Fresh and Wal-Mart’s Wal-Mart To Go, Wal-Mart Express and Neighborhood Markets. These “smaller box” store formats help retailers gain millions of square footage in city center selling spaces and provide customers with quick shopping experiences that offer fewer product categories than the big box stores.