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. And of course rising inflation doesn’t just impact the end consumers. Retailers Face Extra $223B in Costs of Goods This Holiday Shopping Season, Caila Schwartz, the Salesforce 360 blog, 20 July 2021.

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Retail TouchPoints

MARCH 3, 2023

at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales. during Q4, but they were up 0.6%

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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.

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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.

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Retalon

APRIL 14, 2021

A successful assortment strategy will need to take many different elements into consideration from a retailer’s identity and vendors, to store capacities, consumer demand, and profitability. Account for changing consumer behaviour and preferences. How to Effectively Use Product Clustering in Retail (2021). April 26, 2021.

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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. Richard Maicki. Keith Jelinek.

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Retalon

APRIL 21, 2021

Consumer expectations have evolved in the digital age, and retailers are now offering a multitude of flexible order delivery methods such as “Buy online, pick up in-store”, “curbside pickup”, “order in store, deliver home” and more. So how can retailers offer these options to consumers while lowering their costs?

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Inside Retail

AUGUST 17, 2021

per cent growth in online groceries between 2021 and 2026. The Coles boss is optimistic about 2022 and hopeful that vaccinations will normalise consumer shopping behaviour and migration. “In “IBISWorld indicated 13.7 As their Ocado automated fulfilment centres come on line, we can expect greater growth and penetration of online.”.

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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. This approach is inaccurate, inconsistent and labor-consuming. . The post How to Effectively Use Product Clustering in Retail (2021) appeared first on Retalon.

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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. But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. January 7, 2021.

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Retail Focus

FEBRUARY 8, 2022

Research in 2021 from Pricer revealed that 57% want digital engagement in the aisle to improve CX and inform purchasing decisions. The many ways in which customers want help in store no longer converge on the services of a store associate; they are more than happy to self-serve, but they do still want help.

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Mass Relators

FEBRUARY 28, 2023

billion in 2021. percent compared with 2021, reflecting sales growth of 2.8 percent in 2021. percent in 2021, reflecting pressure from higher clearance and promotional markdown rates, higher net merchandise costs, and higher inventory shrink, partially offset by favorable category mix. Operating income was $1.2

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Retalon

JANUARY 6, 2021

Replenishment planning is the process of figuring out how to profitably replenish inventory throughout the season, at what quantities, through which vendors / shippers, and how frequently — with the goal of minimizing out-of-stocks, unnecessary markdowns, and overall costs. Why is replenishment planning so complicated?

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Mass Relators

MARCH 16, 2023

Our fourth-quarter sales results were strong, although below our expectations, and we are pleased with continued market share gains in both consumables and non-consumables, as well as continued growth with new and existing customers,” said Jeff Owen, Dollar General’s chief executive officer. “We billion in the fourth quarter of 2021.

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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. Optimizing your inventory balancing process is key to increasing ROI.

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Retalon

APRIL 27, 2021

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. According to Digital Commerce 360 , American consumer online spending in 2020 increased 44% to $861 billion. Often, returning products to the store that fulfilled the original purchase will create inventory excesses and lead to markdowns.

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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.”.

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Mass Relators

AUGUST 25, 2022

The quarter was highlighted by same-store sales growth of 4.6%, a slight increase in customer traffic, accelerated growth in market share of highly consumable product sales, and double-digit growth in EPS. billion in the second quarter of 2021. in the second quarter of 2021, an increase of 69 basis points. compared to 21.4%

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Mass Relators

MARCH 17, 2022

billion in the fourth quarter of 2021 compared to $8.4 Same-store sales in the fourth quarter of 2021 declined in each of the apparel, consumables, seasonal, and home products categories. in the fourth quarter of 2021 compared to 32.5% in the fourth quarter of 2021 compared to 22.2% Net sales increased 2.8%

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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. . 1 : CONSUMERS DEMAND SPEED, FLEXIBILITY AND CONTROL. 2 : CONSUMER EXPECTATIONS ARE STRONGER THAN EVER.

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Fulfillment Markdowns Specialty Retailers Consumer 111

Retail Minded

AUGUST 27, 2022

Locked down consumers, desperate for a. Locked down consumers, desperate for a. 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% The result? To calculate.

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Retalon

MARCH 9, 2021

Low prices leave little room for promotions or end-of-lifecycle markdowns. Price skimming can work with consumer technologies that have unique features or demand from early adopters. The post 10 Leading Strategies for Pricing New Products (2021) appeared first on Retalon. Pricing determines your long-term profitability.

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Independent Retailer

SEPTEMBER 5, 2022

Locked down consumers, desperate for a distraction, scrambled for everything from at-home fitness equipment and gaming consoles to gazebos and scatter cushions — and warehouses were cleared of stock as supply chains buckled under the extraordinary pressure. Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020.

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Retalon

SEPTEMBER 22, 2021

With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening. BOPIS allows consumers to collect more information so they can make better decisions. The pandemic forced all consumers to face safety and accessibility concerns when in-store shopping. Lower shipping costs.

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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.

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M19 Retail

APRIL 14, 2021

With the development of e-commerce, consumers can buy anything, anywhere, anytime. 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. To do this, the store segmentation needs to be finer.

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Indigo 9 Digital

SEPTEMBER 7, 2022

Then the COVID-19 pandemic hit and consumers around the world were forced to shop online sending digital sales to levels never seen before. While stores will always have value all brands are rethinking how best to serve their consumers digitally. Setting up a legal entity in China is time-consuming and difficult.

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Independent Retailer

AUGUST 19, 2022

“The classic thing that happens when consumers see price increases is they tend to mainly buy things and stock them for a longer amount of time because they start to understand that they will pay more tomorrow than they will today.” That means consumers are more likely to buy gadgets, or toys early, especially when they are discounted.

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Mass Relators

DECEMBER 12, 2022

We are pleased with our strong sales growth in the quarter, as well as a modest increase in customer traffic and continued share gains in both consumable and nonconsumable product sales, all of which we believe are a testament to the strength of the value and convenience proposition we offer our customers.”. compared to 30.8% compared to 22.9%

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Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Billion in 2021 according to Gartner. Consumer expectations have changed.

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Indigo 9 Digital

FEBRUARY 28, 2023

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. While many argue Forever 21’s demise is due to a more socially conscious consumer fast fashion retailers are as popular as ever. If you can’t move all of the inventory then markdowns are required which eats into sales per sq.

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Indigo 9 Digital

FEBRUARY 7, 2023

The three year old brand made $275 million in 2021 and Skims’ sales were forecasted to to reach $400 million last year. With the average dress size in the United States falling between a size 16 and size 18 , not catering to consumers that wear larger sizes leaves money on the table. Use of older models.

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Apparel Fashion Markdowns Marketing 96

Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer was also the fastest growing food retailer in Britain in the three months up to December 4th, 2021. 57% of Amazon’s unit sales in come from third party sellers on its platform.

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Retail Adventures

OCTOBER 22, 2020

Even though Amazon kicked off Holiday 2020 in mid-October and Walmart and Target followed suit, Black Friday is still important to consumers. Discounting has become big business year round, so during the holidays it’s a good idea to offer sweet deals on items you don’t want to carry over into 2021.

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Retail Adventures

AUGUST 16, 2022

Big retailers tend to kick off holiday sales in July, but the day after Thanksgiving is still important to consumers. For the majority of consumers Facebook is still the social media of choice so it’s a good place to advertise. Be prepared for markdowns and returns. Your store must be open on Black Friday.

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Retail Geek

FEBRUARY 28, 2023

more than 20 21 largely because 2021. so, basically Walmart slightly out performed the retail industry and two of the three years and underperformed retailing 2021, but solid growth across all three years and then Walmart is one of the nice retailers that breakout their e-commerce growth separately which. Average retail growth is 4.1

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