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

Retalon

The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. 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. This means they can’t markdown their products without devaluing the brand.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. Like Sears and Neiman Marcus, Forever 21 simply did not react to changes in the market fast enough.

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article thumbnail

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

Retalon

The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. 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. This means they can’t markdown their products without devaluing the brand.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. connecting marketing with merchandising). Key Takeaways.

article thumbnail

Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. connecting marketing with merchandising). Key Takeaways.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. Moreover, having a fully integrated end-to-end predictive analytics solution means that promotions will always take the supply chain part of your business into account.

article thumbnail

Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. Moreover, having a fully integrated end-to-end predictive analytics solution means that promotions will always take the supply chain part of your business into account.