As the financial year draws to a close, businesses in Australia are examining ways to make the most of available tax advantages. Among the most
EOFY Australia: Smart Retail Investments and Inventory Software Tax Deduction
AI Inventory Management in Fashion: What Retailers Must Know Before EOFY
Australia’s fashion sector has witnessed a growing reliance on technology to remain competitive, particularly as the end of the financial year
EOFY Inventory Checklist for Fashion Retail Australia: AI Tools, Clean-Up Strategies and Compliance Essentials
The end of the financial year (EOFY) is one of the busiest periods for fashion retailers in Australia. For fashion businesses, wholesalers and
Dynamic forecasting techniques for superior inventory planning
For retailers and wholesalers seeking to raise their efficiency, well-executed inventory management remains a constant priority. The balance between having enough products to meet customer demand and avoiding costly excesses is intricately tied to data-driven forecasting. As the market in Australia for apparel, footwear and related wholesale businesses becomes more sophisticated, new tools powered by
What to Look For When Choosing Inventory Software in 2025
Choosing the right inventory software in 2025 has become a strategic necessity for retailers, wholesalers and businesses aiming to stay ahead in the highly competitive retail environment. With shifting consumer behaviors and technology advancements, the decision is less about simply upgrading old processes and more about positioning your business for future growth. Professionals in footwear
StyleMatrix vs. Apparel 21 – A Comparative Analysis of Retail and Apparel Inventory Management Solutions
With so many options available, how do you determine which inventory management software is best for your retail business? StyleMatrix and Apparel 21 are both popular choices in the retail and apparel inventory management space, but they serve different purposes and provide distinct benefits. We’ll break down the comparision in this StyleMatrix vs. Apparel 21
The Real Cost of Overstocking and Stockouts: How to Avoid Both
Managing inventory effectively is a perpetual challenge for fashion and footwear businesses. Two extremes—overstocking and stockouts—can be financially taxing and detrimental to brand reputation. Understanding the true cost of each and how to mitigate them can be pivotal for operational success. The Financial Impact of Overstocking Overstocking ties up valuable working capital, which could otherwise
The Hidden Costs of Manual Inventory Management and How to Avoid Them
Retailers and wholesalers in the fashion and footwear industry are continuously grappling with the challenges of inventory management. While manual inventory tracking might seem like a cost-saving approach, it often proves to be quite the opposite. Manual inventory management methods can significantly impact operational efficiency and profitability. This article delves into the hidden costs of
Boosting Profitability in Footwear Retail with Smart Inventory Management
Before we begin, I wanted to take this opportunity to introduce our upcoming webinar: Taking Your On-Premise Inventory Management to the Cloud and Beyond with StyleMatrix, happening on 27th of November, 2024. Don’t miss out on the opportunity to discuss your challenges as someone in the fashion or footwear retail space with Craig Cookesley, the founder of
Introducing StyleMatrix Webinar: Taking Your On-Premise Inventory Management to the Cloud and Beyond with StyleMatrix
Are you ready to take your inventory management from on-premise to the cloud—and beyond? Join us for an exclusive webinar where Craig Cooksley and Alex Lowen, the experts behind the transformation of Solemate to StyleMatrix, will walk you through what this shift means for your business.
