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.

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

Wiser

APRIL 13, 2021

Plus, the infrastructure is already in place to help warehouse, sell, and ship your products. Competitive, low prices on Amazon might be what you need to win the Buy Box, alongside other factors like fast shipping times, strong reviews and ratings, and fewer returns or replacements. Turn to Markdowns and Promotions.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

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. Even returns are up – reaching 16.6%

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

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. Digital transformation has changed the way consumers shop and how retailers operate.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Wiser

JANUARY 12, 2021

Retailers that strive for perfection in their pricing strategies would often be better served by trying for good first, then perfecting their approaches based on how consumers react to the prices of their goods. What is a “desirable” rate of return differs for each retailer, and also has to be set with an eye on competitor pricing.

Wholesale 78

Wholesale Shrinkage Markdowns Returns 78

Indigo 9 Digital

SEPTEMBER 7, 2022

Then the COVID-19 pandemic hit and consumers around the world were forced to shop online sending digital sales to levels never seen before. While stores will always have value all brands are rethinking how best to serve their consumers digitally. Setting up a legal entity in China is time-consuming and difficult.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

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%

Drop-Shipping 52

Drop-Shipping Markdowns Apparel Planning 52

Retalon

JUNE 11, 2021

The retail and consumer packaged goods (CPG) supply chain sector has been abruptly disrupted by the global pandemic. Consumers expect to seamlessly interact with brands and retailers across multiple channels, such as brick-and-mortar, social media and e-commerce. Refusing returns is likely to reduce e-commerce sales.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

DECEMBER 8, 2021

How, when, and where the customer prefers to experience their product fulfillment affects the sourcing and shipping decisions. In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. How complicated is the returns process? Allocation.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 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. As unsold boxes pile up, they consume shelf space that could be holding better-selling products. There’s more to it.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

SEPTEMBER 22, 2021

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. With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

APRIL 27, 2021

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Retail AI can apply this process when customers return their purchases.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. These items need to be replaced and either returned to the vendor or donated. It is essential to keep non-sellable products separated from your regular inventory.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

NOVEMBER 2, 2021

For example, global supply chains have long been: Overproducing goods in foreign factories with lax labor laws Monopolizing finite raw materials in Third World countries Relying on trade agreements to keep international shipping cheap Using just-in-time inventory practices, taking the resilience of supply chains for granted.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

Retail Adventures

AUGUST 16, 2022

Big retailers tend to kick off holiday sales in July, but the day after Thanksgiving is still important to consumers. If you don’t want the hassle of shipping, then go the BOPIS route: Buy Online Pickup In Store – customers love curbside. Be prepared for markdowns and returns. Your store must be open on Black Friday.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retail Adventures

OCTOBER 22, 2020

Even though Amazon kicked off Holiday 2020 in mid-October and Walmart and Target followed suit, Black Friday is still important to consumers. If you don’t want the hassle of shipping, then go the BOPIS route: Buy Online Pickup In Store – customers love curbside. Be prepared for markdowns and returns.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Retalon

AUGUST 20, 2019

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. – Tangible interactions (i.e.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. – Tangible interactions (i.e.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

JULY 4, 2018

Consumer behavior & expectations have changed. Unfortunately this is still a major disconnect between consumers and retailers as the Annual Supply Chain Benchmark Survey pointed out, 62% of retailers said inventory visibility was very important, but only 39% said the process was complete or even in progress.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retail Geek

FEBRUARY 28, 2023

You’re gonna end up making some ill-advised purchases and then it seems like everything drop ships from factories. post so they if you remember back in the day wish was like very slow shipping like to 26 weeks. on a Friday night you’re. In China via u.s. I literally have 60 Cent shirt delivered from China and five days.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52