Retail TouchPoints

NOVEMBER 25, 2020

At Mejuri, we view data as a strategic asset, especially when it helps us create more compelling customer experiences,” said Majed Masad, COO at Mejuri in an interview with Retail TouchPoints. Retailer Plans to Use Solution Across Multiple Channels.

Markdowns 194

Markdowns Fulfillment Shipping Marketing Spend 194

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Everything you need to know about product assortment strategy.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

JULY 28, 2021

Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. Let’s take a look at 3 examples of seasonal products in the image below: Seasonality can depend on product type, on whether it is event-driven or weather-driven.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

JULY 28, 2021

Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. Let’s take a look at 3 examples of seasonal products in the image below: Seasonality can depend on product type, on whether it is event-driven or weather-driven.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

SEPTEMBER 8, 2021

TORONTO , March 17, 2021 /PRNewswire/ – Retalon, an award-winning AI & Predictive Analytics software provider announced a new approach to the training of Neural Nets, named Progressive Learning. At the end of the day, all systems (whether human or artificial Neural Net) are based on the same principles. CEO at Retalon Inc.

Markdowns 41

Markdowns Promotions Planning ATS 41

Retalon

SEPTEMBER 8, 2021

TORONTO , March 17, 2021 /PRNewswire/ – Retalon, an award-winning AI & Predictive Analytics software provider announced a new approach to the training of Neural Nets, named Progressive Learning. At the end of the day, all systems (whether human or artificial Neural Net) are based on the same principles. CEO at Retalon Inc.

Markdowns 41

Markdowns Promotions Planning ATS 41

Retail Adventures

JULY 13, 2021

Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2021. Keep going and add events for each month of 2021. Be Prepared for Markdowns.

Markdowns 98

Markdowns Returns Planning Promotions 98

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

MARCH 2, 2021

That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. What sizes should you offer for each product at each location? Run a promotion last year that you don’t plan for this year? Crawl-Walk-Run.

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. But at best, this only happens once a quarter (and often at longer intervals). Everything you need to know about product clustering / grouping.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. Why isn’t the current method working?

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retail Adventures

JULY 1, 2020

Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2020. Keep going and add events for each month of 2021. Be Prepared for Markdowns.

Markdowns 83

Markdowns Returns Planning Promotions 83

Retail Minded

AUGUST 27, 2022

distraction, scrambled for everything from at-home fitness equipment and games consoles to. Stockouts were disastrous for retailers during the pandemic – up by 250% (Adobe, 2021) – and with 37% of consumers saying they’d simply shop elsewhere if they couldn’t find what. in 2021 from 10.6% factors at play.

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

Independent Retailer

SEPTEMBER 5, 2022

The key lies in using solutions that drive business intelligence forward, such as inventory planning and demand forecasting software. It is fair to say that most companies who survived these ecommerce waves emerged rattled at best. Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020. by Jill Liliedahl.

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 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 retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

Markdowns 40

Markdowns Inventory Management Planning Management 40

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

Inside Retail

JANUARY 26, 2022

LN: A chance chat with a handsome Aussie (who would become my husband) at a little sushi restaurant on 49th Street in Manhattan brought me initially from NYC to Sydney 11 years ago and then to Singapore, and then to Melbourne. Of course, life doesn’t always turn out as we plan, and we wound up moving to Melbourne in 2017.

Fashion 130

Fashion Drop-Shipping Boutique Markdowns 130

Indigo 9 Digital

SEPTEMBER 1, 2022

representing the fastest growth in at least a decade and sales so far this year have been strong. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer plans to lean more into its food offerings in the future. respectively.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

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

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

Retail TouchPoints

OCTOBER 11, 2021

In 2021, the stakes are even higher — as the Delta variant sent shoppers into retrench mode yet again, retail and food services sales fell an estimated 1.1% ii] And as the economic recovery has gained steam, Quantum Metric projects that almost half of shoppers (47%) expect to spend more on the 2021 season than the prior year.

Markdowns 236

Markdowns Promotions Retailing Pricing Marketing 236

Mass Relators

APRIL 14, 2022

The gain was driven by retail segment growth, partially offset by a decline at the Pharmacy Services Segment. We exceeded our 2022 plan amid continuing challenges of the COVID-19 pandemic. Total store count at the end of the fourth quarter was 2,450. Rite Aid’s fiscal 2023 guidance was also better than expected. billion and $23.5

Accounting 52

Accounting Markdowns Planning Marketing 52

Retalon

FEBRUARY 12, 2021

Critical Considerations for Retail Assortment Plans. A retailer’s assortment planning process can make or break their selling season (or even their entire fiscal year). But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. What is assortment planning?

Planning 41

Planning Accounting Store Layout Markdowns 41

Independent Retailer

AUGUST 19, 2022

Keith Daniels, Partner at Carl Marks Advisors , advises brands to focus on merchandise that turns quickly and has performing margins in order to survive the holiday season. Be sure to have products in stock at all times. With inflation on the rise, consumers are sacrificing brand loyalty to shop at retailers who offer greater value.

Shipping 85

Shipping Merchant Services Consumer Returns 85

Retail TouchPoints

MARCH 8, 2023

We did a good job in 2021,” said Kingsbury. The retailer is aiming to eliminate slow-selling items evenly throughout the year rather than making a large push at the end of each season. The decline was primarily driven by clearance markdowns of approximately 750 basis points, according to CFO Jill Timm. 28, 2023. “We in Q4 2022.

Markdowns 220

Markdowns Planning Promotions ATS 220

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 TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. What can retailers do to eliminate or at least minimize these?

Drop-Shipping 184

Drop-Shipping Merchant Services Fulfillment Shipping 184

Retail Adventures

OCTOBER 22, 2020

Making the Golden Quarter work for you requires careful planning that, but even if you haven’t laid the groundwork for a big finish throughout the year, you can still reap the benefits of a solid holiday season. This year consider the following in your Golden Quarter planning: 1. Both of these retailers offer good plans.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Retail Adventures

AUGUST 16, 2022

Making the Golden Quarter work for you requires careful planning. You should have at least one event scheduled for each week of the Golden Quarter. These receipts are worth money: Say a customer spends $500 during this time frame she would receive $500 in play money to spend at your auction. It’s almost here.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 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). About Mi9 Retail.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Mass Relators

FEBRUARY 28, 2023

At the same time, we’re planning our business cautiously in the near term to ensure we remain agile and responsive to the current operating environment. As we plan for the year ahead, we will continue to make robust capital investments and pursue efficiency opportunities in support of our long-term growth. percent in 2021.

Markdowns 40

Markdowns Promotions Planning Consumer 40

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. This complexity requires more planning effort than only large data analysis and algorithms using artificial intelligence can help manage.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

Retail Geek

FEBRUARY 28, 2023

portion at least and you know there’s this. Jason: [6:21] Sometimes I think it should but then other times I think of how many times has probably saved my career that like important people at work Dan see something I like I said I’m going to so I think on the aggregate I’m going to stick with it how it is.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52