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Tag: reduce

Walmart asks Myntra to reduce discounts, streamline processes, Retail News, ET Retail

NEW DELHI: To focus on profitability, US retailer and Flipkart Group parent Walmart has clamped down on processes at online fashion retailer Myntra, which includes shutting down small warehouses, bringing down the level of inventory and reducing discounts on the online platform, sources said. “There is a strong focus on profitability and processes at Myntra …

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Meijer expands innovative program to reduce store waste

Get great content like this right in your inbox. Subscribe A Midwest discount chain is cutting down on in-store food waste with a promotional app. Following a successful pilot program that sliced food waste at test stores by more than 10%, Meijer is expanding the sustainability effort to all of its 246 stores by the …

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Meijer expands innovative program to reduce store waste

Get great content like this right in your inbox. Subscribe A Midwest discount chain is cutting down on in-store food waste with a promotional app. Following a successful pilot program that sliced food waste at test stores by more than 10%, Meijer is expanding the sustainability effort to all of its 246 stores by the …

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Six ways to reduce your workforce management costs

Labor costs are increasing. Of course, the wage-price spiral is considered to be the “official” economic driving factor. But what other factors could be at work here? Could poor or suboptimal people management processes be one of the largest, yet most overlooked, facilitators of spiraling labor costs? The truth is that people management issues are …

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Ikea deploys solution to reduce waste from returns

Get great content like this right in your inbox. Subscribe Ikea U.S. wants to remove waste from its reverse supply chain as part of its commitment to build a circular business. Ikea U.S. is partnering with Optoro, a provider of returns optimization technology. Optoro’s technology will be implemented in 50 Ikea stores, 10 distribution centers …

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Meijer mobilizes effort to reduce in-store food waste

Get great content like this right in your inbox. Subscribe A regional Midwest discount retailer is applying a BOPIS strategy to move soon-to-expire products off shelves. Meijer is testing an app at a handful of its metro Detroit supercenters that allows customers to purchase food nearing its best-buy date at a reduced price. Customers can …

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Flipkart group FY19 revenue crosses $6 billion, losses reduce over 60%, Retail News, ET Retail

Flipkart Limited, Singapore domiciled parent entity of the online retailer, has reported consolidated revenue of $6.14 billion for the financial year ending March 31, 2018, up 42% compared to the corresponding period last year. For the financial year in consideration, the group’s losses reduced 63% to $2.42 billion, according to regulatory filings made in Singapore …

Flipkart group FY19 revenue crosses $6 billion, losses reduce over 60%, Retail News, ET RetailRead More