SPS Partner Newsletter - June
SPS Commerce
The world’s leading retail network, connecting trading partners across the globe.
Get current insights, learn supply chain strategies and keep tabs on the SPS team with our event calendar.
Accurate data may be the solution to managing more than just inventory
Suppliers need good data to make informed decisions, but incomplete or inaccurate data can be a huge obstacle. In partnership with Supply Chain Dive, SPS Commerce surveyed 150 suppliers to learn more about their challenges. Discover key takeaways and insights for a smoother supply chain process.
Strategic inventory control: 7 metrics that matter
Choosing the right metric can make a world of difference in the success of your customers’ inventory strategies and can significantly impact their operations. Explore seven must-watch metrics that can help your trading partners keep their stock levels just right, cut down on costs and keep their customers happy.
How Select Brands improved order processing efficiency while still providing excellent customer service
Select Brands, a family-owned appliance company, teamed up with SPS Commerce to streamline its ordering process, freeing up time to drive strategic initiatives and improve customer relationships. Read more about how Select Brands was able to automate order processing and simplify collaboration with its 3PLs in our in-depth case study.
Retail trends and industry news
Wayfair is making a bold move by entering the world of physical big-box retail. By opening large physical stores, they're bridging the gap between their robust online presence and in-person shopping experiences. This brick-and-mortar venture could be a game changer in the home goods market.
In a bid to stay competitive and ease the strain of inflation on consumers, Walgreens is joining retail giants like Target and Amazon by cutting prices on essential items. Shoppers have noticed price increases 20% to 30% higher than three years ago, with income changes failing to keep up. This move aims to attract budget-conscious shoppers and boost customer loyalty.
Dick’s Sporting Goods’ stock surges as customers spend more on sneakers, sporting goods, and apparel
The big-box sports retailer raised their full-year guidance after seeing stocks surge by 16%. The company reported a 5.3% growth in comparable sales, significantly surpassing the 2.4% expected by analysts. Despite a sluggish year in the footwear and apparel markets, these sectors are beginning to show promising signs of growth.