2021 Accounting Management Markdowns 
Retalon
JANUARY 7, 2021
With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Account for more variables in your seasonal merchandise planning. This is most obvious when a promotion doesn’t take inventory into account.
Retalon
JULY 28, 2021
That’s why it’s important for all retailers to understand what seasonal demand forecasting is, why it’s so challenging and how retailers in 2021 are overcoming these challenges to increase their bottom line. Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.
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Retalon
JULY 28, 2021
That’s why it’s important for all retailers to understand what seasonal demand forecasting is, why it’s so challenging and how retailers in 2021 are overcoming these challenges to increase their bottom line. Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.
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.
Retalon
APRIL 21, 2021
This means that optimizing your fulfillment across all channels requires building a holistic process that takes your specific company policies and labour considerations into account, while still finding the cheapest and fastest method for fulfilling omnichannel orders (while keeping your customers happy) — for every order.
Retalon
APRIL 14, 2021
By grouping products into families of similar attributes, you’ll have a much more agile method to manage and track their assortment, which can help avoid product cannibalization and gaps in the assortment which form in-season. Account for changing consumer behaviour and preferences. April 26, 2021. April 21, 2021.
Retalon
APRIL 27, 2021
However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Online sales now account for more than 20% of total retail sales.
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