Remove 2021 Remove Accounting Remove Markdowns Remove Marketing
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Mejuri Leverages Real-Time Profitability Data to Inform Decision-Making

Retail TouchPoints

“With COVID and recent market dynamics, tracking variable costs in real time becomes even more important. “Shopper behavior is also less predictable today, requiring more creative experimentation in merchandising and marketing. .

Markdowns 199
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Retail Seasonal Demand Forecasting in 2021

Retalon

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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Retail Seasonal Demand Forecasting in 2021

Retalon

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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How to Build a Highly Profitable Product Assortment Strategy (2021)

Retalon

Wide assortment breadth allows retailers to appeal to bigger demographics, but make it more difficult to appeal to more dedicated and loyal niche markets. Account for changing consumer behaviour and preferences. Best-in-class retailers gain a market advantage by creating effective assortment strategies.

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Realizing the Potential Business-Specific Analytics in Fashion Retail (2021)

Retalon

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, . Crawl-Walk-Run.

Fashion 41
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How to Effectively Use Product Clustering in Retail (2021)

Retalon

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.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

And yet, failing to live up to consumer expectations can be just as deadly — especially when retail behemoths like Amazon are gobbling up market share. The best way to optimize omnichannel fulfillment in 2021. How do you account for returns to a drop shipping vendor? Minimize and optimize omnichannel returns.