Wiser
APRIL 7, 2020
Altering your price, particularly through markdowns, can be a smart strategy, but only if done correctly. Unsuccessful or excessive markdowns can lead to staggering losses in terms of missed revenue and a lower margin on your goods. What are Retail Markdowns? How to Implement a Markdown Strategy. Don’t believe us?
Retail TouchPoints
OCTOBER 3, 2023
It was no longer enough to route orders to a handful of DCs and drop ship vendors. When it came to inventory planning and optimization, stores were planned, allocated and/or replenished, and transacted with their customers entirely separately from the digital channel. Checking inventory in a local store but not placing an order?
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Inside Retail
FEBRUARY 9, 2022
An increase in volatility in any one of these variables would be troublesome for a retailer, but when all six are in play it makes for a perfect planning storm. The planners in turn use data and adopt planning methodologies of varying complexity to move stock at optimum price and margin. .
Wiser
AUGUST 15, 2017
In a perfect retail world, markdowns wouldn’t be necessary and every item would sell at full price within weeks of being in store. This is where markdowns come in handy, as the demand for a product diminishes, sales can encourage shoppers to purchase an item they wouldn’t have considered buying at full price. Plan Markdowns in Advance.
Retail TouchPoints
NOVEMBER 29, 2022
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. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.
Retail TouchPoints
NOVEMBER 25, 2020
Mejuri sells through multiple channels, including ecommerce, call center and physical store locations, processing orders for fulfillment across multiple locations and a variety of shipping methods. Retailer Plans to Use Solution Across Multiple Channels. Mejuri uses the real-time tracking to swiftly, and fluidly, pivot strategies. “A
Retail TouchPoints
JULY 31, 2023
of retail sales, has multiple causes, including inaccurate demand planning, lack of inventory visibility and inadequate staff training. Similarly, these system can optimize which stores can fulfill the complete orders to maximize margins and optimize sustainability rather than shipping from multiple locations.”
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