Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . What sizes should you offer for each product at each location? What unique features, processes, or variables you’d like to include as a business rule or want to be accounted for. For instance, . Do you run promotions?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. Most commonly, retailers use geographical clusters to better account for demographics, distribution cost, climate, and other relevant factors to their business.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

APRIL 21, 2021

At its most basic, order fulfillment is the combination of steps required to get products into the hands of customers. In other words, it means getting products to your customers at the right time in the most cost-effective way possible. Will you deny returns at a store level? Emphasizing BOPIS. How does it work?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

APRIL 27, 2021

It can analyze billions of data points and predict demand at a level of granularity that’s simply impossible to reach using Excel. However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

JANUARY 5, 2021

So it’s no surprise that retailers are beginning to take a serious look at their mid-season inventory balancing practices. Most of today’s inventory management issues start at the level of forecasting. The post How to Effectively Balance Inventory Across All Locations (2021) appeared first on Retalon.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

MARCH 9, 2021

At the same time, defining your new product pricing strategy is exciting for a very different reason. Low prices leave little room for promotions or end-of-lifecycle markdowns. Without the right tools, looking at your historical sales may not give you any insight into the optimal new product pricing strategies. Bundle pricing.

Bundled Pricing 41

Bundled Pricing Promotions Markdowns Advertising 41

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Bundled Pricing 41

Retalon

SEPTEMBER 22, 2021

BOPIS is the most common acronym you’ll see, but you may come across these other variations: BOPAC (Buy Online Pickup At Curb): Focuses on the outside handoff. Customers stay in their vehicles at designated parking spots, and employees bring their purchases out to the car. BOPIS lets customers shop on their own schedule.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Indigo 9 Digital

FEBRUARY 28, 2023

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.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Mass Relators

APRIL 14, 2022

The gain was driven by retail segment growth, partially offset by a decline at the Pharmacy Services Segment. Prescription sales from continuing operations accounted for 70.1 Total store count at the end of the fourth quarter was 2,450. Prescription sales from continuing operations accounted for 70.0 billion and $23.5

Accounting 52

Accounting Markdowns Planning Marketing 52

Retalon

NOVEMBER 11, 2021

Billion in 2021 according to Gartner. While most retailers are investing at least some portion of their budgets into IT out of sheer necessity (updating old infrastructure, outsourcing tech support to deal with influx of employee tickets, etc.), What is the average IT spending in the retail industry? Consumer expectations have changed.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

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. Their only option may be high-level planning that doesn’t take individual stores, demographics, and constraints into account. This is easier said than done.

Planning 41

Planning Accounting Store Layout Markdowns 41

365 Retail

SEPTEMBER 16, 2021

Retailers famously live and die by the holiday season each year, but as the 2021 season fast approaches, the stakes are higher than ever. Cross-Item Effects at Your Fingertips. Retailers Face Extra $223B in Costs of Goods This Holiday Shopping Season, Caila Schwartz, the Salesforce 360 blog, 20 July 2021.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Retail Minded

FEBRUARY 24, 2022

2021 was unlike any other year in commerce history, pushing digitalization full speed ahead thanks to the pandemic forcing retailers to adapt to changes in consumption, channel shifts, supply chain, customer expectations and more. . At a time when there is a significant shift towards environmentally conscious brands, this is not something?that?should

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111

M19 Retail

APRIL 14, 2021

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 and ThryveAI Showcase Grocery Innovations at Google Cloud’s Partner Pavilion During NRF 2021.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA).

Inventory Management 40

Inventory Management Management Markdowns Planning 40