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How Woolies is using 2D barcodes to increase sales and transparency

Inside Retail

With this next generation of barcodes, there’s a real opportunity to connect with consumers in ways we haven’t before,” explained Richard Jones, chief marketing officer at GS1. Their journey began in 2017 with just loose produce. “At

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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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Meet Lindsay Nicholas, the fashion designer bringing NY edge to Melbourne

Inside Retail

New York fashion designer Lindsay Nicholas started her business seven years ago as a side hustle while working in marketing in Singapore. Of course, life doesn’t always turn out as we plan, and we wound up moving to Melbourne in 2017. We’re also not a brand that takes markdowns on stock after six weeks.

Fashion 130
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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. The system does this proactively, to maximize the changes of selling items at full price, before retailers experience lost sales or have to take markdowns. connecting marketing with merchandising). Key Takeaways.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. The system does this proactively, to maximize the changes of selling items at full price, before retailers experience lost sales or have to take markdowns. 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. In-Stock Percent. Every retailer aims to minimize the amount of out-of-stocks in their stores, so a particularly useful KPI is in-stock percent. Promotion Lift.

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. In-Stock Percent. Every retailer aims to minimize the amount of out-of-stocks in their stores, so a particularly useful KPI is in-stock percent. Promotion Lift.