Retail TouchPoints

NOVEMBER 25, 2020

We expect to expand our analysis into areas like cross-channel merchandising promotions performance and inventory (allocation) by channel and location as we move into 2021.”. While COVID-19 made Mejuri focus heavily on ecommerce and customer fundamentals this year, its new and existing retail stores are coming back strong, said Masad. “We

Markdowns 189

Markdowns Fulfillment Shipping Marketing Spend 189

Inside Retail

JUNE 30, 2023

The not-so-good news is that inventories are running around 23 per cent above the more normalised levels of 2021. We believe that further markdowns and write-downs will be needed as Nike enters its new fiscal year which will heap further pain on the bottom line.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

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. Media Contact: Yan Krupnik, VP Communications pr@retalon.com +1.647.285.4555.

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. Media Contact: Yan Krupnik, VP Communications pr@retalon.com +1.647.285.4555.

Markdowns 41

Markdowns Promotions Planning ATS 41

Retail TouchPoints

NOVEMBER 8, 2022

In 2021, returns cost retailers a whopping $761 billion , or almost 17% of total U.S. Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. retail sales. Returns can be an excellent opportunity to sell something new to a known customer.

Returns 286

Returns Markdowns Inventory Management Customer Experience 286

Retalon

APRIL 14, 2021

Even when best-laid plans fail, advanced analytics software can adjust everything including inventory levels, sales, markdowns, rebalancing a large assortment and so on. How to Effectively Use Product Clustering in Retail (2021). April 26, 2021. 4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021.

Markdowns 41

Markdowns Planning Location Accounting 41

Retail TouchPoints

MARCH 3, 2023

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 274

Markdowns Operating Expenses Department Stores Planning 274

Retalon

APRIL 21, 2021

The best way to optimize omnichannel fulfillment in 2021. Because this allows retailers to not only be prepared to fulfill orders for every channel but also to optimize each order for cost — this approach allows retailers to improve customer experience, maximize sales, and minimize markdowns. Why is the number so high?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retail TouchPoints

AUGUST 19, 2021

We have high demand and low supply, so there are fewer markdowns now,” Kotlyar added. “I Orschell shared that with its March 2021 research, EY found that 80% of consumers are still changing the way they shop. That means communication with the consumer, not markdowns.

ATS 299

ATS Markdowns Consumer Social Commerce 299

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. The post How to Effectively Use Product Clustering in Retail (2021) appeared first on Retalon. Everything you need to know about product clustering / grouping.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Inside Retail

AUGUST 17, 2021

per cent growth in online groceries between 2021 and 2026. “IBISWorld indicated 13.7 As their Ocado automated fulfilment centres come on line, we can expect greater growth and penetration of online.”.

Supermarket 246

Supermarket Net Profit Markdowns Checkout 246

Retalon

MARCH 2, 2021

Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns. The post Realizing the Potential Business-Specific Analytics in Fashion Retail (2021) appeared first on Retalon. Do you run promotions?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Gazette

JULY 31, 2023

Sian launched her first collaboration with the Manchester-based brand in June 2021 with her most recent Dubai collection generating over £500,000 in sales, with 18,000 units sold within the first 15 minutes. Fast-fashion retailer In The Style has named influencer Perrie Sian as its first creative director, effective immediately.

Markdowns 52

Markdowns Fast Fashion Wholesale Fashion 52

Retail Adventures

DECEMBER 1, 2020

If you have to do pre-Christmas markdowns do it while the sales floor continues to be busy with shoppers. The first markdown you take is the always the most important and the cheapest. Markdowns allow you to maximize your invested dollars. So move around new goods and things that have been with you for a while.

Markdowns 98

Markdowns Cross Merchandising Promotions Shopping 98

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?

Planning 41

Planning Markdowns Accounting Shipping 41

Retail Adventures

JULY 13, 2021

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. A markdown plan for every piece of merchandise that you purchase is a smart idea. Or strategy.

Markdowns 98

Markdowns Returns Planning Promotions 98

Retalon

APRIL 27, 2021

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Often, returning products to the store that fulfilled the original purchase will create inventory excesses and lead to markdowns. The post 5 Major Retail Digital Transformations to Watch For in 2021 appeared first on Retalon.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

JANUARY 5, 2021

At the same time, minimizing slower-selling inventory in other stores significantly reduces the end-of-life or end-of-season markdowns that erode profitability. The post How to Effectively Balance Inventory Across All Locations (2021) appeared first on Retalon. Contact our team to get a personalized demonstration of the solution.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

MARCH 9, 2021

Low prices leave little room for promotions or end-of-lifecycle markdowns. The post 10 Leading Strategies for Pricing New Products (2021) appeared first on Retalon. Low prices, while more accessible, could permanently mark the product as a commodity. Pricing determines your long-term profitability.

Bundled Pricing 41

Bundled Pricing Promotions Markdowns Advertising 41

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.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

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.”.

Payment Services 52

Payment Services Markdowns Apparel Accounting 52

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

Mass Relators

AUGUST 25, 2022

billion in the second quarter of 2021. compared to the second quarter of 2021, driven primarily by an increase in average transaction amount, as well as a slight increase in customer traffic. in the second quarter of 2021, an increase of 69 basis points. in the second quarter of 2021, an increase of 82 basis points.

Markdowns 52

Markdowns Apparel Consumer Planning 52

Mass Relators

MARCH 16, 2023

billion in the fourth quarter of 2021. compared to the fourth quarter of 2021, driven by an increase in average transaction amount, partially offset by a modest decrease in customer traffic. in the fourth quarter of 2021, a decrease of 35 basis points. in the fourth quarter of 2021, a decrease of 29 basis points.

Markdowns 52

Markdowns Apparel Consumer Planning 52

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%

Payment Services 52

Payment Services Markdowns Apparel Planning 52

Retail Adventures

JULY 1, 2020

Keep going and add events for each month of 2021. Be Prepared for Markdowns. A markdown plan for every piece of merchandise that you purchase is a smart idea. Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2020. Plan each event, buy product for them, and get your team involved.

Markdowns 83

Markdowns Returns Planning Promotions 83

Retalon

SEPTEMBER 22, 2021

Create smart dashboards to minimize supply chain costs, out-of-stocks, and markdowns through real-time analysis of demand, sales, and inventory. The post An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021) appeared first on Retalon. Should retailers choose BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail Minded

AUGUST 27, 2022

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% inventory’ by making additional markdowns across the board. Locked down consumers, desperate for a. The result?

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

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

Independent Retailer

SEPTEMBER 5, 2022

Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020. Even Target recently admitted its plans to ‘right-size its inventory’ by making additional markdowns across the board. The result? Retailers who overstocked during the pandemic are now stuck hoarding a mountain of goods in their warehouses that they cannot shift.

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

Inside Retail

JANUARY 26, 2022

We’ve had pop-ups and a shop in The South Melbourne Market, but as a true believer in the power of physical retail, at the end of 2021, we opened a gorgeous new flagship boutique in Melbourne’s CBD. We’re also not a brand that takes markdowns on stock after six weeks. This gives us more flexibility.

Fashion 130

Fashion Drop-Shipping Boutique Markdowns 130

Mass Relators

DECEMBER 12, 2022

million for the quarter, an increase of 8% compared to $487 million in the 2021 period. Selling, general and administrative expenses as a percentage of net sales were 22.7% compared to 22.9% last year, a decline of 23 basis points. Dollar General reported net income of $526.2

Drop-Shipping 52

Drop-Shipping Markdowns Apparel Planning 52

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 221

Markdowns Promotions Retailing Pricing Marketing 221

Retalon

NOVEMBER 11, 2021

Billion in 2021 according to Gartner. As a result, retailers are able to optimize their inventory across all channels and locations to avoid potential lost sales and unnecessary markdowns. What is the average IT spending in the retail industry? Global retail spending on technology will reach $218.5 Why invest in pricing and promotions?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Indigo 9 Digital

SEPTEMBER 7, 2022

With a head start compared to many luxury brands Farfetch was ready when the pandemic hit, with revenues up 35% in 2021 reaching $2.3 With more pricing control brands can offer more merchandise at full price, avoiding markdowns which are thought to negatively impact a luxury brand’s image.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

Indigo 9 Digital

FEBRUARY 28, 2023

Shein has grown very fast becoming the most downloaded shopping app on iOS and Android in the United States in May of 2021 with Amazon coming in second. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. Large stores are inherently risky. and ultimately profitability.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

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.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95