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Myer’s latest trading update is a testament to putting the customer first

Inside Retail

Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added.

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Gartner Hype Cycle for Retail Technologies 2018

Retalon

Unified Merchandise Planning. Unified Price, Promotion and Markdown Optimization. The post Gartner Hype Cycle for Retail Technologies 2018 appeared first on Retalon. The post Gartner Hype Cycle for Retail Technologies 2018 appeared first on Retalon. Customer-Centric Merchandising and Marketing. Entering the Plateau.

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Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

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What are Retail Markdowns?

Wiser

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

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The Global State of Autonomous Stores

365 Retail

According to Business Insider Intelligence , the number of global stores with autonomous capabilities rose from only 350 in 2018 to a forecasted 10,000 stores in 2024, with a sales transaction volume of under $70 million to over $20 billion. Call their names and say good morning, afternoon, or night.

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Causes of Retail Overstock and Best Ways to Avoid Them.

Retalon

Some shocking examples of overstock include Swedish apparel giant H&M , which reportedly amassed $4 billion worth of unsold clothing as of June 2018. In the end, much of the unsold overstock inventory was donated to charity or recycled. On the heels of this news, stock in the company plunged by 28 percent in 2018.

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5 Ways Predictive Analytics Help Retailers on Mother’s Day

Retalon

Predictive analytics can help you forecast demand, uncover which products have uplift potential, allocate merchandise across channels and stores, and optimize your timing, pricing, and promotions. 4) Optimizing the timing of orders, merchandising, and promotions. 5) Get your Mother’s Day pricing and promotions right.