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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. Richard Maicki. Keith Jelinek.

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Retailers: Leverage AI For A Greener Planet And Greener Financial Statements

Retalon

And retailers are rushing to offer new fulfillment options, like “buy online, pick up in-store” (BOPIS), curbside pickups, cashless checkouts, drop-shipping, mobile shopping and more. Increased Carbon Footprint: The shift to “next-day” e-commerce has increased the logistics associated with fulfilling an order and accepting returns.

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Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Ocado is an online grocer and Marks & Spencer paid £750 million for a 50% stake in Ocado’s UK retail business in 2019. 57% of Amazon’s unit sales in come from third party sellers on its platform.

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Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

What do consumer purchasing habits look like, and how streamlined is your fulfillment process? You can also beef up fulfillment options so that customers can pick-up in local stores or ship directly from other stores, mirroring the convenience of online ordering. – Promotions, event and markdowns. – and more.

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Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

What do consumer purchasing habits look like, and how streamlined is your fulfillment process? You can also beef up fulfillment options so that customers can pick-up in local stores or ship directly from other stores, mirroring the convenience of online ordering. – Promotions, event and markdowns. – and more.