Remove 2016 Remove Accounting Remove Management Remove Markdowns
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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. Billion in overstocks.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

Source: Bloomberg "[Forever 21] has lost much of the excitement and oomph which is critical to driving footfall and sales and is now something of an also-ran which is too easily overlooked," said Neil Saunders, the managing director of GlobalData Retail. The expansion was planned even though Forever 21’s sales were flat in 2016.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. Billion in overstocks. Brand Image.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

For example, one retailer might want to manage their inventory better, so they would use KPIs like inventory to sales ratios or inventory integrity. This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. In-Stock Percent.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

For example, one retailer might want to manage their inventory better, so they would use KPIs like inventory to sales ratios or inventory integrity. This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. In-Stock Percent.