Retail TouchPoints

NOVEMBER 8, 2022

In 2021, returns cost retailers a whopping $761 billion , or almost 17% of total U.S. Optimizing inventory based on trends and historical data means the customer will get the exact item they are looking for. They must approach inventory management, merchandise accuracy and return policies strategically. retail sales.

Returns 286

Returns Markdowns Inventory Management Customer Experience 286

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. So, how can retailers account for inventory in their seasonal planning? Account for more variables in your seasonal merchandise planning.

Markdowns 41

Markdowns Promotions Accounting Planning 41

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.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

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.

Markdowns 41

Markdowns Inventory Management Accounting Management 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. Retailers may cluster these substitute products together to manage inventory more efficiently. It is an effective way to think about assortment.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

APRIL 21, 2021

At its most basic, it only requires integrating live inventory counts from your ERP / inventory management software with your e-commerce platform, ensuring customers can get accurate information about which store has the items they’re looking for (or give them the option to ship to store). Why is the number so high? Vancouver).

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

JANUARY 5, 2021

Most of today’s inventory management issues start at the level of forecasting. For example, allocation applications use modeling tools to divide incoming inventory among stores, warehouses, and fulfillment centers based on a dynamic demand forecast. Why isn’t the current method working?

Location 41

Location Inventory Management Markdowns Fulfillment 41