Remove 2021 Remove Location Remove Markdowns Remove Returns
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Mejuri Leverages Real-Time Profitability Data to Inform Decision-Making

Retail TouchPoints

Mejuri sells through multiple channels, including ecommerce, call center and physical store locations, processing orders for fulfillment across multiple locations and a variety of shipping methods. SoundProfit 360 collects and processes revenue and cost data in real time from every system across the enterprise,” explained Best.

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Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

Target Invests in Price and Speed to Attract Shoppers Target ended Q4 with inventory 3% lower than in 2021, a sign that the retailer has managed to overcome the excesses it struggled with through the first half of 2022. during Q4, but they were up 0.6% at its flagship banner and up 5.8%

Markdowns 268
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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. Will you deny returns at a store level?

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Want to Know the Holiday Season’s Top Trends? Look at Back-to-School for Insight

Retail TouchPoints

We have high demand and low supply, so there are fewer markdowns now,” Kotlyar added. “I Eagerness to Return to Stores Means Retailers Need to Tackle Labor Shortages, Stat. Orschell shared that with its March 2021 research, EY found that 80% of consumers are still changing the way they shop.

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

Retalon

It needs to be relevant to the current (and upcoming trends), as well as sensitive to the unique geo0demographics of your channels and locations. Deep assortments can appeal to a smaller, more passionate customer base that spends more and returns regularly. Don’t use the same product assortment across all locations.

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

Retalon

How do you handle returns? What sizes should you offer for each product at each location? If you run out of stock on winter jackets at your busy locations, you will not have an accurate gauge as to what your true demand was last year and you will repeat the same mistake in your forecast for next year. . Do you run promotions?

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Retail AI can apply this process when customers return their purchases.