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. appeared first on 365 RETAIL | Retail Technology News.

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Inside Retail

AUGUST 25, 2022

Experience: We all experienced the GFC – I was CEO of The Good Guys at the time – and the principles of dealing with a downturn are pretty much the same, except in the current situation, we have the added benefit of a more dynamic channel in e-commerce. You look at all of those controllables very closely. Michael Ford. Launa Inman.

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Retail Adventures

JUNE 4, 2020

The COVID-19 shutdown put retailers at a disadvantage and now everyone is playing catch up. We will still have a Black Friday and Holiday 2020 and you have to be prepared. Here are some of the areas to keep at the top of your To-Do List: You have Two Stores Now. Make Sure Your Return Policy is Competitive.

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Retail Adventures

JULY 1, 2020

Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2020. Make Sure Your Return Policy is Competitive. Be Prepared for Markdowns. Start here: 1.

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Retalon

SEPTEMBER 11, 2020

Demand is an economics concept that describes the willingness of consumers to purchase a specific product at a specific price. Therefore, demand forecasting is a statistical prediction of the willingness of consumers to purchase specific products, at a specific price, in a specific time frame.

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Independent Retailer

SEPTEMBER 5, 2022

Locked down consumers, desperate for a distraction, scrambled for everything from at-home fitness equipment and gaming consoles to gazebos and scatter cushions — and warehouses were cleared of stock as supply chains buckled under the extraordinary pressure. Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020.

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Retail Minded

AUGUST 27, 2022

distraction, scrambled for everything from at-home fitness equipment and games consoles to. Even returns are up – reaching 16.6% in 2020 (National Retail Federation). With the return on inventory. inventory’ by making additional markdowns across the board. factors at play. in 2021 from 10.6%

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Retalon

JUNE 11, 2021

Written by Mark Krupnik, CEO at Retalon. There are some who believe that sustainable supply chains that lead to a greener planet can only exist at the expense of the business. Increased Carbon Footprint: The shift to “next-day” e-commerce has increased the logistics associated with fulfilling an order and accepting returns.

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Indigo 9 Digital

SEPTEMBER 7, 2022

The prevailing wisdom at the time which hasn’t gone completely away is that you can’t translate a high touch experience, one often involving thousands of dollars, online. While the shift towards selling luxury goods online took place before 2020, the pandemic cemented a new way forward. But it’s true.

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Retalon

APRIL 27, 2021

It can analyze billions of data points and predict demand at a level of granularity that’s simply impossible to reach using Excel. Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. to optimize inventory for gross margins.

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Retail Adventures

AUGUST 25, 2021

Social distancing, masks, a limited number of people in your store, plexiglass shields at the cashwrap, cleaning the sales floor as necessary, and hand sanitizers will be with us for a while. Add your telephone number and web address in 10-14” white reflective vinyl letters at the center bottom of your main windows.

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Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

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Retail Adventures

AUGUST 16, 2022

You should have at least one event scheduled for each week of the Golden Quarter. Host our Cash Register receipt Auction by encouraging shoppers to save their receipts throughout the holidays because on Tuesday, December 6 th they will be able to redeem them for merchandise at your auction. Plan for impulse purchases at the cashwrap.

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Retalon

APRIL 14, 2021

Deep assortments can appeal to a smaller, more passionate customer base that spends more and returns regularly. Developing a solid product assortment strategy at the beginning optimizes revenue and profit while minimizing the risk. need to be stocked at each individual location in advance.

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Retalon

SEPTEMBER 22, 2021

Major retailers survived 2020 by transforming how they got their products into customers’ hands. BOPIS is the most common acronym you’ll see, but you may come across these other variations: BOPAC (Buy Online Pickup At Curb): Focuses on the outside handoff. BORIS (Buy Online Return In-Store): Concentrates on reverse logistics.

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Retalon

AUGUST 5, 2020

Most Important KPIs for the Retail Industry in 2020. Is the right product getting to the right place at the right time? Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. How effective are their promotional campaigns? In-Stock Percentage 2. Why Measure GMROI.

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Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores. – Promotions, event and markdowns.

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Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Often minimizing markdowns in the process.

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Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Prices (markdowns, promotions, competitor prices, etc.). At best, they give you a dashboard of conditions right now. Each functional team looked at data differently, had different priorities, and had different decision-making lead times. Traffic cameras (foot / vehicle traffic).

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Retail Geek

FEBRUARY 28, 2023

portion at least and you know there’s this. Jason: [6:21] Sometimes I think it should but then other times I think of how many times has probably saved my career that like important people at work Dan see something I like I said I’m going to so I think on the aggregate I’m going to stick with it how it is.

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