Inside Retail

AUGUST 25, 2022

Suppliers were going broke left, right and centre, so it was all about the efficient management of inventory. But the biggest risk is buying and the efficient management of our working capital. Of course, you also have to manage costs, but that’s always important. We also had a forensic focus on our inventory stock turn.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

365 Retail

FEBRUARY 17, 2022

With a strong commitment to supporting self-expression amongst its community of younger shoppers, it launched its PacCares initiative in 2020 to support and partner with companies that matched its values of good mental health, diversity and equality. But this fast ecommerce growth didn’t come without challenges.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retalon

SEPTEMBER 11, 2020

In order to understand how to take full advantage of this new technology, we will first explain what demand forecasting actually is, the most common methods of demand forecasting in retail, key constraints that need to be accounted for, and modern examples of accurate demand forecasting. What is Demand Forecasting?

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

OCTOBER 24, 2023

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. Billion in overstocks.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 12, 2021

If your predictions are inaccurate (or your assortment plan fails to reflect consumer demand) — you’ll be facing out-of-stocks, markdowns, and unhappy customers all year. But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. This is easier said than done.

Planning 41

Planning Accounting Store Layout Markdowns 41

Indigo 9 Digital

FEBRUARY 28, 2023

Source: Bloomberg "[Forever 21] has lost much of the excitement and oomph which is critical to driving footfall and sales and is now something of an also-ran which is too easily overlooked," said Neil Saunders, the managing director of GlobalData Retail. An inability to leverage social media effectively. Large stores are inherently risky.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

FEBRUARY 14, 2022

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. Billion in overstocks. Brand Image.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

APRIL 27, 2021

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Online sales now account for more than 20% of total retail sales.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

JUNE 18, 2019

The math needed to account for these effects is hard enough. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end. All this down to the Store/SKU level.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

Retail Prophet

JULY 18, 2022

McClean had managed to reduce the cost of loading and unloading cargo from $5.83 Most companies today, according to Thorbeck, are accounting only for the front-end advantage that low cost might afford them. The myopic focus on low price has lead to an epidemic of markdowns and dead stock. per ton to just 16 cents.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

APRIL 21, 2021

This means that optimizing your fulfillment across all channels requires building a holistic process that takes your specific company policies and labour considerations into account, while still finding the cheapest and fastest method for fulfilling omnichannel orders (while keeping your customers happy) — for every order.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

APRIL 14, 2021

By grouping products into families of similar attributes, you’ll have a much more agile method to manage and track their assortment, which can help avoid product cannibalization and gaps in the assortment which form in-season. Account for changing consumer behaviour and preferences. December 9, 2020. April 26, 2021.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Because retailers can’t afford to lose money because inventory purchases didn’t account for future promotions, business leaders imposed processes to keep everyone on the same page. Merchants and inventory managers attended more co-planning meetings. Demand forecasts.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

SEPTEMBER 22, 2021

Major retailers survived 2020 by transforming how they got their products into customers’ hands. Better inventory management and visibility. Retailers need better inventory management practices to conduct BOPIS operations but at the same time, BOPIS makes your inventory management better. Secure order pickup.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

AUGUST 16, 2019

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32