Kohl's department stores are revamping their inventory management systems after a 7% decline in net sales in FY2022 and a 5% shrinkage in margins, while other retailers like Bed Bath & Beyond and Revlon faced store closings and bankruptcy due to poor inventory visibility and increased stock carrying costs. Real-time inventory tracking has become a top priority for many retail companies, enabling informed decisions about inventory operations through the use of data from point of sale (POS) data, warehouse stock levels, fulfillment, supplier performance, and other inventory-related data. Retailers need accurate inventory data available immediately to meet online and mobile customer expectations, and are investing in real-time inventory database technology to identify sales trends, reduce inefficiencies in their supply chain, and elevate in-store experiences through features like local store inventory checks. Major brands like American Eagle and Macy's are updating their systems with real-time store inventory management software, while Levi Strauss uses predictive analytics to predict inventory positions required for every type of product in various channels, and retailers like those using Vector Similarity Search (VSS) can build shopping applications that allow customers to identify products based on characteristics such as color, size, texture, and style.