Retail Adventures

OCTOBER 22, 2020

2020 Dates to Remember: This year Black Friday is on November 27, Cyber Monday is November 30, Small Business Saturday is November 28, and the biggest shopping day of the holiday season will be December 19, the Saturday before Christmas. Be prepared for markdowns and returns. Your store must participate on Black Friday.

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Markdowns Advertising Planning Cross Merchandising 98

Inside Retail

AUGUST 17, 2021

per cent on 2020. In 2020, it was just 3.8 The Coles boss is optimistic about 2022 and hopeful that vaccinations will normalise consumer shopping behaviour and migration. “In “Of all three divisions, supermarkets demonstrated slightly subdued sales increases, up only 2.6 per cent compared to liquor which rose 6.6

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Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. It optimizes markdowns so retailers can get rid of end of life products, while maximizing the GMROI. Often minimizing markdowns in the process. The nature of fashion itself makes selling online a more difficult endeavor. Stop overthinking it.

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Fashion Markdowns Promotions Accounting 41

Retalon

OCTOBER 8, 2020

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. As unsold boxes pile up, they consume shelf space that could be holding better-selling products. Proactively transfer inventory to avoid markdowns.

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Markdowns Inventory Management Promotions Planning 41

Retalon

JUNE 10, 2020

Therefore, it’s vital to create your own pricing rules and thresholds (discounts limited to certain product classes, maximum clearance markdowns, etc.) Demand is the total consumer desire to purchase a specific product. to ensure that your brand and positioning aren’t tarnished in the long-term. What does this mean?

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Retail Adventures

SEPTEMBER 28, 2020

Many consignment stores list upcoming markdowns right on the price tags – each tag shows the starting price and the dates that markdowns will occur. COPYRIGHT KIZER & BENDER 2020 | Retail Adventures Blog. Shop consignment stores: So much of the merchandise in consignment stores is brand new or in excellent condition.

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Retail TouchPoints

NOVEMBER 3, 2020

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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Retalon

AUGUST 5, 2020

Most Important KPIs for the Retail Industry in 2020. Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. In-Stock Percentage 2.

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Retail TouchPoints

MAY 28, 2020

billion in Q1 2020, while same-store sales jumped 21.7% The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. of net sales in Q1 2020, compared to 23.1% Dollar General saw its net sales rise 27.6% in Q1 2019.

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365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

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Markdowns Fulfillment Shipping Fashion 52

Retalon

SEPTEMBER 11, 2020

Demand is an economics concept that describes the willingness of consumers to purchase a specific product at a specific price. Therefore, demand forecasting is a statistical prediction of the willingness of consumers to purchase specific products, at a specific price, in a specific time frame. Demand Forecasting Methodologies.

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Inside Retail

AUGUST 25, 2022

The governments initially stimulated the economy, so there was a huge uplift in consumer spending, but once that was spent, there was the reality of living on what one earned and being employed was key. Approach: As a retailer, we considered our strategy carefully and studied what was important to our consumer. Cash is king.

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Retalon

OCTOBER 24, 2023

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. Entirely preventing these massive amounts of overstock.

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Markdowns Fast Fashion Consumer Accessories 41

Mass Relators

MARCH 17, 2022

increase in fiscal 2020. billion in the fourth quarter of 2020. compared to the fourth quarter of 2020, driven by a decline in customer traffic, partially offset by an increase in the average transaction amount. in the fourth quarter of 2020, a decrease of 131 basis points. million in the fourth quarter of 2020.

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Payment Services Markdowns Apparel Planning 52

Indigo 9 Digital

FEBRUARY 28, 2023

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. While many argue Forever 21’s demise is due to a more socially conscious consumer fast fashion retailers are as popular as ever. 2020 marked the first time Inditex ended a year with fewer stores than when it started the year.

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Independent Retailer

SEPTEMBER 5, 2022

Locked down consumers, desperate for a distraction, scrambled for everything from at-home fitness equipment and gaming consoles to gazebos and scatter cushions — and warehouses were cleared of stock as supply chains buckled under the extraordinary pressure. Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020.

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Drop-Shipping Markdowns Planning Returns 89

Retail Minded

AUGUST 27, 2022

Locked down consumers, desperate for a. Locked down consumers, desperate for a. Stockouts were disastrous for retailers during the pandemic – up by 250% (Adobe, 2021) – and with 37% of consumers saying they’d simply shop elsewhere if they couldn’t find what. in 2020 (National Retail Federation). The result?

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Merchant Services Drop-Shipping Markdowns Planning 98

Retalon

FEBRUARY 14, 2022

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. Entirely preventing these massive amounts of overstock.

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Markdowns Fast Fashion Consumer Accessories 41

Indigo 9 Digital

SEPTEMBER 7, 2022

Then the COVID-19 pandemic hit and consumers around the world were forced to shop online sending digital sales to levels never seen before. While the shift towards selling luxury goods online took place before 2020, the pandemic cemented a new way forward. Setting up a legal entity in China is time-consuming and difficult.

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M19 Retail

APRIL 14, 2021

With the development of e-commerce, consumers can buy anything, anywhere, anytime. The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. Mi9 Retail Expands Customer Base in First Half of 2020.

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Retalon

MAY 25, 2020

This strategy of incremental markdowns is also used as a product is nearing the end of its season. Therefore it makes sense to introduce a product at a higher price, observe the reaction from consumers and then gradually decrease the price to increase demand/sales. Reducing prices may damage the perception of luxury among consumers.

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Indigo 9 Digital

SEPTEMBER 1, 2022

But in 2020 Marks & Spencer opened up its website to outside apparel brands. In a small pilot that took place in October of 2020, where Marks & Spencer sold womenswear brand Nobody’s Child on its website, Marks & Spencer found that close to 10% of customers who bought the brand were new to Marks & Spencer womenswear.

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M19 Retail

MARCH 22, 2021

Planalytics provides businesses with visibility into this critical demand information with metrics that isolate and quantify weather-based shifts in consumer purchasing. carrying costs, markdowns, shrink, etc.). delivers demand sensing analytics to retailers, consumer goods manufacturers, restaurants, and service companies.

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Markdowns Inventory Management Planning Management 40

Retalon

JUNE 11, 2021

The retail and consumer packaged goods (CPG) supply chain sector has been abruptly disrupted by the global pandemic. Consumers expect to seamlessly interact with brands and retailers across multiple channels, such as brick-and-mortar, social media and e-commerce. . The Retail Sustainability Problem. billion metric tons a year by 2030.”

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Indigo 9 Digital

FEBRUARY 7, 2023

With the average dress size in the United States falling between a size 16 and size 18 , not catering to consumers that wear larger sizes leaves money on the table. Many direct-to-consumer brands wait a while before moving into brick-and-mortar retail before realizing years later that selling offline presents a bigger opportunity.

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Apparel Fashion Markdowns Marketing 96

Retalon

FEBRUARY 12, 2021

If your predictions are inaccurate (or your assortment plan fails to reflect consumer demand) — you’ll be facing out-of-stocks, markdowns, and unhappy customers all year. But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. December 9, 2020.

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Retalon

APRIL 14, 2021

A successful assortment strategy will need to take many different elements into consideration from a retailer’s identity and vendors, to store capacities, consumer demand, and profitability. Account for changing consumer behaviour and preferences. 5 Highly Effective Retail Markdown Strategies that Work in 2021. Read More.

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Markdowns Planning Location Accounting 41

Retalon

JUNE 18, 2019

You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end.

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Retalon

APRIL 27, 2021

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. According to Digital Commerce 360 , American consumer online spending in 2020 increased 44% to $861 billion. to optimize inventory for gross margins. Online sales now account for more than 20% of total retail sales.

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Retalon

APRIL 21, 2021

Consumer expectations have evolved in the digital age, and retailers are now offering a multitude of flexible order delivery methods such as “Buy online, pick up in-store”, “curbside pickup”, “order in store, deliver home” and more. So how can retailers offer these options to consumers while lowering their costs?

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Fulfillment Drop-Shipping Shipping Returns 41

Retail Prophet

JULY 18, 2022

A shock to the system of western merchants and consumers who had largely operated with an assumption of unconstrained access to whatever they’ve wanted, whenever they’ve wanted it. But in the process also opened global consumer markets to risks that would make the cotton collapse of 1861 look like a picnic. Image Credit: Hip To Save).

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Retail Adventures

AUGUST 16, 2022

Big retailers tend to kick off holiday sales in July, but the day after Thanksgiving is still important to consumers. For the majority of consumers Facebook is still the social media of choice so it’s a good place to advertise. Be prepared for markdowns and returns. Your store must be open on Black Friday.

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Markdowns Advertising Planning Cross Merchandising 52

Retalon

AUGUST 20, 2019

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. – Tangible interactions (i.e.

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Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 16, 2019

Any business that caters to a consumer marketplace deals with 2 common challenges. It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. This balance act can prove to be very tricky.

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Fulfillment Customer Experience Markdowns Consumer 32

Retalon

SEPTEMBER 22, 2021

Major retailers survived 2020 by transforming how they got their products into customers’ hands. With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening. BOPIS allows consumers to collect more information so they can make better decisions. Informed decision-making.

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Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Consumer behavior (average ticket price, product preferences, time, weather, etc.). Your assortment is different, consumer behaviour is different, your store count is different, your competitive environment is different. POS data (sales, returns, etc.). Demand forecasts.

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Merchant Services Fulfillment Accounting Markdowns 32

Retail Geek

FEBRUARY 28, 2023

31:11] Speculate why that is this is they don’t report it but Walmart eCommerce growth has been very robust during the pandemic so they grew 69 percent in 2020 11 percent in, 21 and 12 percent in 22 and that is you know their 69% was against an industry growth of 42 percent. percent so. [31:38] Quarter for Best Buy.

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