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Academy Sports + Outdoors Expands Revionics Partnership to Optimize Customer-Centric Pricing

Retail TouchPoints

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

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

Retalon

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. 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. How do retailers get into this mess? Incentives A current U.S.

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Predicting the Holidays: Analyzing Competitor Holiday Trends

Wiser

E-commerce sales revenue for the 2016 holiday season is expected to reach almost $95 billion. There’s no oracle that can tell you exactly how to attack the holiday season, or how to predict what your competitors will be doing, but looking at past behavior can be a great indicator.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

Retail is littered with stories like this one, about companies that were once at the top but are no longer relevant. Each step is highly digitized and integrated with another, which allows the company to churn out hundreds of new products tailored to different regions and user tastes at a daily rate. Think Sears.

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

Retalon

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. 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. How do retailers get into this mess? Brand Image. Incentives.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location. Therefore, purchasing decisions are largely made at a higher than SKU level. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store. In-Stock Percent.