Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Account for changing consumer behaviour and preferences.

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Markdowns Planning Location Accounting 41

365 Retail

SEPTEMBER 16, 2021

Retailers famously live and die by the holiday season each year, but as the 2021 season fast approaches, the stakes are higher than ever. And of course rising inflation doesn’t just impact the end consumers. Retailers Face Extra $223B in Costs of Goods This Holiday Shopping Season, Caila Schwartz, the Salesforce 360 blog, 20 July 2021.

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Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. Richard Maicki. Keith Jelinek.

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Retalon

JULY 28, 2021

That’s why it’s important for all retailers to understand what seasonal demand forecasting is, why it’s so challenging and how retailers in 2021 are overcoming these challenges to increase their bottom line. Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

JULY 28, 2021

That’s why it’s important for all retailers to understand what seasonal demand forecasting is, why it’s so challenging and how retailers in 2021 are overcoming these challenges to increase their bottom line. Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

APRIL 21, 2021

Consumer expectations have evolved in the digital age, and retailers are now offering a multitude of flexible order delivery methods such as “Buy online, pick up in-store”, “curbside pickup”, “order in store, deliver home” and more. So how can retailers offer these options to consumers while lowering their costs?

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Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. This approach is inaccurate, inconsistent and labor-consuming. . Everything you need to know about product clustering / grouping. Examples of product clusters .

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Mass Relators

MARCH 16, 2023

Our fourth-quarter sales results were strong, although below our expectations, and we are pleased with continued market share gains in both consumables and non-consumables, as well as continued growth with new and existing customers,” said Jeff Owen, Dollar General’s chief executive officer. “We billion in the fourth quarter of 2021.

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Mass Relators

FEBRUARY 28, 2023

At the same time, we’re planning our business cautiously in the near term to ensure we remain agile and responsive to the current operating environment. As we plan for the year ahead, we will continue to make robust capital investments and pursue efficiency opportunities in support of our long-term growth. billion in 2021.

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Markdowns Promotions Planning Consumer 40

Retail Minded

AUGUST 27, 2022

Locked down consumers, desperate for a. Locked down consumers, desperate for a. Stockouts were disastrous for retailers during the pandemic – up by 250% (Adobe, 2021) – and with 37% of consumers saying they’d simply shop elsewhere if they couldn’t find what. in 2021 from 10.6% The result? To calculate.

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Mass Relators

AUGUST 25, 2022

The quarter was highlighted by same-store sales growth of 4.6%, a slight increase in customer traffic, accelerated growth in market share of highly consumable product sales, and double-digit growth in EPS. billion in the second quarter of 2021. in the second quarter of 2021, an increase of 69 basis points. compared to 21.4%

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Markdowns Apparel Consumer Planning 52

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

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Independent Retailer

SEPTEMBER 5, 2022

The key lies in using solutions that drive business intelligence forward, such as inventory planning and demand forecasting software. Worldwide shut-downs had consumers stuck indoors, sustained only by a stream of online deliveries. Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020. by Jill Liliedahl.

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Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. Why is unbalanced inventory such a big problem for retailers?

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Location Inventory Management Markdowns Fulfillment 41

Mass Relators

MARCH 17, 2022

Overall, we are excited about our plans for 2022, as we look to further differentiate Dollar General from the rest of the retail landscape, while delivering long-term sustainable growth and value for our shareholders.”. billion in the fourth quarter of 2021 compared to $8.4 in the fourth quarter of 2021 compared to 32.5%

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Payment Services Markdowns Apparel Planning 52

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

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M19 Retail

APRIL 14, 2021

With the development of e-commerce, consumers can buy anything, anywhere, anytime. The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. To do this, the store segmentation needs to be finer.

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Point of Sale Management Markdowns Accounting 52

Mass Relators

DECEMBER 12, 2022

We are pleased with our strong sales growth in the quarter, as well as a modest increase in customer traffic and continued share gains in both consumable and nonconsumable product sales, all of which we believe are a testament to the strength of the value and convenience proposition we offer our customers.”. compared to 30.8% compared to 22.9%

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Drop-Shipping Markdowns Apparel Planning 52

Retalon

SEPTEMBER 22, 2021

With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening. BOPIS allows consumers to collect more information so they can make better decisions. The pandemic forced all consumers to face safety and accessibility concerns when in-store shopping. Lower shipping costs.

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Fulfillment Payment Services Inventory Management Shipping 41

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Billion in 2021 according to Gartner. Reasons for increased IT spending.

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Independent Retailer

AUGUST 19, 2022

“The classic thing that happens when consumers see price increases is they tend to mainly buy things and stock them for a longer amount of time because they start to understand that they will pay more tomorrow than they will today.” That means consumers are more likely to buy gadgets, or toys early, especially when they are discounted.

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Shipping Merchant Services Consumer Returns 85

Indigo 9 Digital

FEBRUARY 28, 2023

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. While many argue Forever 21’s demise is due to a more socially conscious consumer fast fashion retailers are as popular as ever. If you can’t move all of the inventory then markdowns are required which eats into sales per sq.

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Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer was also the fastest growing food retailer in Britain in the three months up to December 4th, 2021. Marks & Spencer plans to lean more into its food offerings in the future.

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Retail Adventures

OCTOBER 22, 2020

Making the Golden Quarter work for you requires careful planning that, but even if you haven’t laid the groundwork for a big finish throughout the year, you can still reap the benefits of a solid holiday season. This year consider the following in your Golden Quarter planning: 1. Both of these retailers offer good plans.

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Retail Adventures

AUGUST 16, 2022

Making the Golden Quarter work for you requires careful planning. Big retailers tend to kick off holiday sales in July, but the day after Thanksgiving is still important to consumers. Plan a monthly sales goal and set daily targets for sales, and even for specific products. It just makes sense to have a plan of action.

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Markdowns Advertising Planning Cross Merchandising 52

Retail Geek

FEBRUARY 28, 2023

more than 20 21 largely because 2021. so, basically Walmart slightly out performed the retail industry and two of the three years and underperformed retailing 2021, but solid growth across all three years and then Walmart is one of the nice retailers that breakout their e-commerce growth separately which. Average retail growth is 4.1

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