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

Retalon

JANUARY 6, 2021

In reality, replenishment planning is a fairly complicated process that has to account for many variables, including logistics routes, timelines, availability, and cost. For one, retailers often make the mistake of replenishing too much end-of-season inventory — creating unnecessary markdowns in the future.

Planning

Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns. For instance, .

Fashion

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. . Fulfilment processes in the warehouse need to be flexible. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE.

Fulfillment

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

Mass Relators

JUNE 21, 2021

got off to a fast start in fiscal 2021, as top- and bottom-line results for the first quarter exceeded the expectations of both management and Wall Street. Despite what continues to be a challenging operating environment, we are increasing our sales and diluted EPS guidance for fiscal 2021 to reflect our strong first quarter performance.”.

Markdowns

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.

Fulfillment

Retalon

JANUARY 5, 2021

For example, legacy forecasting methods fail to account for the fact that new products in an assortment will inevitably impact sales of older products. When the system recommends inventory balancing, it accounts for all opportunities as well as picking and transportation costs.

Location

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

Retalon

MARCH 9, 2021

Low prices leave little room for promotions or end-of-lifecycle markdowns. These Advanced Analytics tools can account for all of your business constraints, analyze how pricing affects sales performance in your stores, and evaluate many different strategy combinations. Pricing determines your long-term profitability.

Bundled Pricing

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

Indigo 9 Digital

FEBRUARY 28, 2023

Both of these stars have been seen modelling Fashion Nova clothing on their own Instagram accounts and Cardi B also has her own Fashion Nova clothing line. Shein has grown very fast becoming the most downloaded shopping app on iOS and Android in the United States in May of 2021 with Amazon coming in second.

Fast Fashion

Retalon

SEPTEMBER 22, 2021

And inventory classifications must expand to account for inventoried products that have been picked for BOPIS. Create smart dashboards to minimize supply chain costs, out-of-stocks, and markdowns through real-time analysis of demand, sales, and inventory. A product SKU that was once online-only could end up in-store inventory.

Fulfillment

Retalon

NOVEMBER 11, 2021

Billion in 2021 according to Gartner. As a result, retailers are able to optimize their inventory across all channels and locations to avoid potential lost sales and unnecessary markdowns. What is the average IT spending in the retail industry? Global retail spending on technology will reach $218.5 Why invest in pricing and promotions?

Fulfillment

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

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. The result can be costly post-season markdown events that leave retailers stuck with short-life seasonal items that necessitate steep marks or even complete write-offs.

Markdowns

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.

Fulfillment

Mass Relators

APRIL 14, 2022

Prescription sales from continuing operations accounted for 70.1 Prescription sales from continuing operations accounted for 70.0 Also contributing to the reduction to Adjusted EBITDA in the current quarter was an increase in the medical loss ratio at Elixir insurance, as the costs for calendar 2021 were in excess of estimates.

Accounting