Retail Adventures

JULY 1, 2020

Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2020. Make Sure Your Return Policy is Competitive. If every one of your competitors accepts returns and exchanges but your policy screams NO! Note that during the pandemic many retailers have lengthened return and exchange windows.

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Markdowns Returns Planning Promotions 83

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Often minimizing markdowns in the process.

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Fashion Markdowns Promotions Accounting 41

Inside Retail

AUGUST 25, 2022

Advice: Any CEO is measured by the profit margin they generate from the turnover of their inventory, so it’s critical to always measure your return on working capital. With liquidity being key, we knew that if the product was not selling now, it would not sell in November, being summer, so we had to take the markdowns and be ruthless.

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Drop-Shipping Markdowns Management Shipping 130

Independent Retailer

SEPTEMBER 5, 2022

Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020. With the return on inventory investment slowed, cash flow predictability was damaged. Even Target recently admitted its plans to ‘right-size its inventory’ by making additional markdowns across the board. The result?

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Drop-Shipping Markdowns Planning Returns 98

Retalon

AUGUST 5, 2020

Most Important KPIs for the Retail Industry in 2020. Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Gross Margin Return on Investment is the ratio between gross margin dollars and the average inventory costs. In-Stock Percentage 2. Inventory Turnover Ratio 3.

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Inventory Turnover Promotions Merchant Services Markdowns 41

365 Retail

FEBRUARY 17, 2022

With a strong commitment to supporting self-expression amongst its community of younger shoppers, it launched its PacCares initiative in 2020 to support and partner with companies that matched its values of good mental health, diversity and equality. appeared first on 365 RETAIL | Retail Technology News.

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Markdowns Fulfillment Shipping Fashion 52

Retail Minded

AUGUST 27, 2022

Even returns are up – reaching 16.6% in 2020 (National Retail Federation). With the return on inventory. inventory’ by making additional markdowns across the board. High rates of inflation and increased cost-of-living means consumers are buckling down. in 2021 from 10.6% The result?

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

Retalon

SEPTEMBER 11, 2020

That’s why retail key performance indicators are dominated by inventory-based metrics like Gross Margin Return on Investment and In Stock Percentage. Understanding the true historical demand reveals where retailers lost sales due to understocks and what drove their clearance markdowns on overstocks. See our full solution suite here.

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Payment Services Promotions Accounting Fulfillment 41

Retail Adventures

AUGUST 25, 2021

Your return/exchange policy should be comparable to other retailers in your area that sell what you sell. becomes customer-friendly when changed to “We gladly accept returns and exchanges within days. Don’t wait too long to take a markdown. Policy signing should be framed and displayed in a prominent place at the cashwrap.

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Returns Cross Merchandising Promotions Marketing 83

Retalon

JUNE 11, 2021

. • Increased Carbon Footprint: The shift to “next-day” e-commerce has increased the logistics associated with fulfilling an order and accepting returns. Refusing returns is likely to reduce e-commerce sales. This includes materials and manufacturing, logistics and warehousing, and merchandising, fulfillment and returns.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

APRIL 27, 2021

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Retail AI can apply this process when customers return their purchases.

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Fulfillment Markdowns Promotions Returns 41

Retalon

APRIL 14, 2021

Deep assortments can appeal to a smaller, more passionate customer base that spends more and returns regularly. By leveraging advanced analytical planning tools, they clearly lay out the mix of products and quantities to carry in each location that will produce the biggest return on their investments. December 9, 2020.

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Markdowns Planning Location Accounting 41

Retail Adventures

AUGUST 16, 2022

Be prepared for markdowns and returns. Remember that the first markdown is always the cheapest one to take, so take a deep breath and price to sell. Part of your signing program should include your return/exchange policy. Don’t be afraid to be creative! Another save is to suggest a gift card the customer can use later.

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Markdowns Advertising Planning Cross Merchandising 52

Retalon

SEPTEMBER 22, 2021

Major retailers survived 2020 by transforming how they got their products into customers’ hands. BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Payment, return, and exchange policies.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. – Promotions, event and markdowns. There are plenty of consumers who still want to try before they buy, or who crave the instant gratification of taking products home immediately after purchase. touching products).

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Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Prices (markdowns, promotions, competitor prices, etc.). Retail businesses collect more data than ever before, and from every aspect of the supply chain, including: Logistics data (vendor compliance, lead times, etc.). Inventory levels (store, warehouse, distribution centers).

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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.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52

Retalon

OCTOBER 8, 2020

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Indigo 9 Digital

SEPTEMBER 7, 2022

While the shift towards selling luxury goods online took place before 2020, the pandemic cemented a new way forward. Commissions typically range from 25%-33% depending on whether in addition to providing eCommerce functionality Farfetch manages shipping, returns or other services.

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Boutique Fashion Customer Experience Markdowns 98

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retail TouchPoints

AUGUST 19, 2021

We have high demand and low supply, so there are fewer markdowns now,” Kotlyar added. “I Eagerness to Return to Stores Means Retailers Need to Tackle Labor Shortages, Stat. That means communication with the consumer, not markdowns. I expect that to continue into the fall and the holiday season.”.

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ATS Markdowns Consumer Social Commerce 299