Remove 2021 Remove Markdowns Remove Marketing Remove Shipping
article thumbnail

Lowe’s Expands DC-Based Delivery of Bulky Products to 8 More Regions

Retail TouchPoints

Under the new market delivery model, large items are shipped directly from DCs to the customer, reducing the number of “touches” for each order and freeing up space at brick-and-mortar stores. Lowe’s kicked off the transition to the market delivery model in 2021 in its Florida and Ohio Valley regions.

article thumbnail

Mejuri Leverages Real-Time Profitability Data to Inform Decision-Making

Retail TouchPoints

“With COVID and recent market dynamics, tracking variable costs in real time becomes even more important. “Shopper behavior is also less predictable today, requiring more creative experimentation in merchandising and marketing. . Mejuri uses the real-time tracking to swiftly, and fluidly, pivot strategies.

Markdowns 187
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

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. What can the retailer learn from and improve?

article thumbnail

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

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. That’s the billion dollar question.

article thumbnail

Meet Lindsay Nicholas, the fashion designer bringing NY edge to Melbourne

Inside Retail

New York fashion designer Lindsay Nicholas started her business seven years ago as a side hustle while working in marketing in Singapore. We’ve had pop-ups and a shop in The South Melbourne Market, but as a true believer in the power of physical retail, at the end of 2021, we opened a gorgeous new flagship boutique in Melbourne’s CBD.

Fashion 130
article thumbnail

5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Traditionally, retailers have treated forecasting, planning, pricing, inventory, and promotions (marketing) as completely separate domains, often with competing mandates. Promotions can increase foot traffic and sales of market basket items, while simultaneously cannibalizing sales from a variety of other SKUs.

article thumbnail

An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. This product is shipped to the store where the customer picks it up. Lower shipping costs. Saves time and money.