Inside Retail

JUNE 1, 2021

“We want to be the first port of call for brand-conscious and value-conscious Gen Z and millennial consumers,” said Justin Seskin, one of TheDOM.com’s co-founders, along with Thrills director Howard Blend and It Works managing director Paul Downs. . Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail Focus

FEBRUARY 17, 2022

“Pacsun wanted to proactively manage the costs created by the increase in our online sales,” said Mike Relich, Co-CEO of Pacsun. “By By adding more intelligence to our allocation processes with antuit.ai, we allocated inventory for the omnichannel demand and minimised split shipments.”

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail TouchPoints

MARCH 3, 2023

at its flagship banner and up 5.8% at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. at its flagship banner and up 5.8% Beauty sales were a bright point at both businesses. during Q4, but they were up 0.6%

Markdowns 255

Markdowns Operating Expenses Department Stores Planning 255

I Vend

SEPTEMBER 20, 2022

By now, you know you need something more for your inventory management—pen and paper just aren’t going to cut it—but you still have questions about cloud-based inventory management software. Earlier this year, 56% of retail business owners said their inventory management was not accurate. What is it? How do you benefit from it?

Management 52

Management Inventory Management Payment Services Markdowns 52

Retalon

NOVEMBER 20, 2020

Price optimization and price management are terms that often are used interchangeably, but they are not the same thing. When used properly, both price management and price optimization can substantially affect a retailer’s profitability. You cannot optimize prices without managing them, however.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Retalon

FEBRUARY 10, 2022

Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. So, a retailer who wants to gain the competitive edge while avoiding undue losses, needs to be able to spot the indicators of bad inventory and know how to fix them at the root. Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retail TouchPoints

JULY 31, 2023

alone at $100 billion. This has mostly been worked through and demonstrates that retailers are becoming more effective in managing their inventory levels and avoiding excessive stockpiling in 2023.” While a problem across the U.S., IHL estimates the cost of ORC in the U.S. this year over 2022, compared to just a 10% increase worldwide.

Markdowns 203

Markdowns Shipping Fulfillment Consumer 203

Retail TouchPoints

SEPTEMBER 15, 2020

As a result, consumer behavior has become harder to predict across multiple locations, which makes zone pricing a must for retailers. Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior. Within the U.S.,

Markdowns 207

Markdowns Technical Support Promotions Wholesale 207

M19 Retail

APRIL 14, 2021

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. Retailers today group stores based on a combination of a limited number of attributes such as volume and location.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

Retail Focus

DECEMBER 8, 2021

By intelligently optimising pricing, markdowns and promotions, based on demand triggers, retailers can make the granular decisions needed at each store location to increase sell-through and protect margins, whilst meeting consumers expectations on prices and discounts.”.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail TouchPoints

FEBRUARY 2, 2022

Many retailers are worried that they don’t have all the data at their fingertips, like product data, customer data, transactional data, when items sold, on what device and more. Everyone starts somewhere, and it’s OK wherever you are at in your data journey. I don’t have all the data I know I should have, is that OK?

Retailing Pricing 204

Retailing Pricing Markdowns Accounting Outdoor 204

Inside Retail

MARCH 15, 2022

An assortment plan provides: A solid structure around how many options of styles or colours to buy and at what price, gives buyers guidance when buying inventory, and gives merchandisers a financial plan and confidence in the sales budgets. This is all managed by the store grading. What is assortment planning? More on this later.

Planning 130

Planning Store Layout Markdowns Location 130

Retail TouchPoints

SEPTEMBER 8, 2023

At the same time, many retailers are reporting higher and higher shipping costs, which are affecting profits on their balance sheets. Today’s promise engines have gotten smarter about transit time, carrier rates, inventory location and other factors. The real complexity comes when we are looking at thousands of SKUs.

Merchant Services 188

Merchant Services Shipping Fulfillment Markdowns 188

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 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 demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA).

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Retalon

JANUARY 5, 2021

So it’s no surprise that retailers are beginning to take a serious look at their mid-season inventory balancing practices. Simply put, inventory balancing is the process of moving excess inventory from one retail location to a retail location where that inventory is in demand. What is inventory balancing?

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retail Smart Guys

DECEMBER 11, 2023

At Retail Smart Guys , we make sure our services empower our clients to grow strategically. Our experts provide a tailored and structured approach to inventory management, allowing you to focus on what you do best – delighting your customers. Our Merchandise Planning and Open-To-Buy services bring order to the retail chaos.

Markdowns 52

Markdowns Inventory Management Planning Location 52

Inside Retail

JUNE 20, 2023

GenAI can adapt to resonate and connect at the appropriate level, given the task or resolution at hand. By adjusting prices in real time based on this analysis, retailers can increase revenue, reduce markdowns, and remain competitive in a constantly changing market. GenAI is also transforming inventory management.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retalon

MAY 10, 2024

There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat. Decide at which level the budget will be set. A similar scenario exists in retail.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat. Decide at which level the budget will be set. A similar scenario exists in retail.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

365 Retail

FEBRUARY 17, 2022

“Pacsun wanted to proactively manage the costs created by the increase in our online sales,” said Mike Relich, Co-CEO of Pacsun. “By By adding more intelligence to our allocation processes with antuit.ai, we allocated inventory for the omnichannel demand and minimised split shipments.”

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Calculate the seasonality for every SKU, at every store. Account for more variables in your seasonal merchandise planning.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retail Smart Guys

SEPTEMBER 2, 2022

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Proper inventory levels in all classes, at all locations, are ensured.

Planning 40

Planning Markdowns Inventory Management Location 40

Retail TouchPoints

NOVEMBER 3, 2020

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

Drop-Shipping 183

Drop-Shipping Merchant Services Fulfillment Shipping 183

365 Retail

DECEMBER 5, 2022

There is no doubt that in recent years digital transformation in retail has accelerated at pace. Tom Vieweger , RFID business expert at Nedap Retail. Physical locations will be critical to building and maintaining the flexibility demanded of retail supply chains, with stores now serving as fulfilment centres or distribution points.

Dead-Stock 52

Dead-Stock Fulfillment Markdowns Shipping 52

Retalon

JANUARY 17, 2022

This is one of the main reasons why leading retailers are bolstering their retail pricing strategy by investing in UPPMO (Unified Price, Promotion, and Markdown) solutions. So, it came as no surprise when Gartner reported an increasing number of retailers are looking to invest in price management analytics solutions. Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retalon

JUNE 10, 2020

Pricing right is the fastest and most effective way for managers to increase profits.” ( McKinsey & Company ). may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success. What does this mean for price planning?

Planning 41

Planning Markdowns Promotions Accounting 41

Retalon

FEBRUARY 15, 2022

Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Let’s take a look at what those are.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

OCTOBER 8, 2020

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. But first, let’s take a look at what reducing inventory really means, and why it matters. Why reducing inventory costs matters.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retail Assist

APRIL 14, 2021

Stock replenishment is a standard retail practice, to ensure that the right products are in the best place, at the optimum quantity. Retailers must be able to move stock quickly between different locations, such as stores, concessions and franchises, and partners, whilst also maintaining healthy warehouse stock for eCommerce orders.

Markdowns 52

Markdowns Fulfillment Promotions Shipping 52

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period. What is replenishment? What is replenishment stock?

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

NOVEMBER 11, 2021

POS / customer engagement software Ecommerce platforms Data analytics and business intelligence software Order management software. Retail IT services: Tech support Field support Device management Software management Disaster recovery Software integration Custom development. not all IT investments bring equal ROI.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

MAY 25, 2020

A product is introduced at a high price, and the price is gradually lowered as demand for the item declines. At the same time, Sales increase. because more people buy at lower prices). Finally, Total Weekly Profit quickly falls at the end. For example you can’t simply start selling cucumbers at $10 a piece.

Markdowns 41

Markdowns Promotions Management Marketing 41

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. But at best, this only happens once a quarter (and often at longer intervals). Everything you need to know about product clustering / grouping.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

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.

Markdowns 40

Markdowns Inventory Management Planning Management 40

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. Commissions typically range from 25%-33% depending on whether in addition to providing eCommerce functionality Farfetch manages shipping, returns or other services.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

Retalon

APRIL 21, 2021

At its most basic, order fulfillment is the combination of steps required to get products into the hands of customers. direct-to-consumer e-commerce orders), retailers now have to worry about fulfilling orders across multiple complex channels and B&M locations. Will you deny returns at a store level? Emphasizing BOPIS.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41