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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. That’s the billion dollar question.

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Meet Lindsay Nicholas, the fashion designer bringing NY edge to Melbourne

Inside Retail

New York fashion designer Lindsay Nicholas started her business seven years ago as a side hustle while working in marketing in Singapore. In the US, women are more averse to a drop-crotch pant, which in Australia is more common. We’re also not a brand that takes markdowns on stock after six weeks. This gives us more flexibility.

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Solving the Excess Inventory Retail Crisis

Independent Retailer

Of course, this level of demand could not be maintained, and in 2022, they dropped considerably. Among them, a global supply chain crisis — rife with driver shortages and lengthy shipping times — buttressed by a lack of resources and skyrocketing costs was brought on by the Ukraine war. The result?

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Retail Crisis: Why Mountains Of Excess Inventory And Overselling Is Set To Kill Off Many Promising Businesses

Retail Minded

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. Of course, this level of demand could not be maintained – and in 2022, they have dropped. in 2021 from 10.6% considerably.

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Dollar General’s sales and profits climb in Q3

Mass Relators

million for the quarter, an increase of 8% compared to $487 million in the 2021 period. This resulted in higher-than-anticipated supply chain costs, including fees incurred for delays in returning shipping containers and higher transportation costs caused by the need to service stores from suboptimal distribution center alignments.

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Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

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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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

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 the retailer learn from and improve?