Retail TouchPoints

SEPTEMBER 29, 2022

There are signs of a disconnect between consumers and retailers when it comes to sustainability. A recent report has found that two-thirds of consumers are willing to pay more for sustainable products than retailers expect — and reveals that consumer preference for recommerce models is also being underserved. A Starting Point.

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Fast Fashion Fashion Markdowns Consumer 360

Inside Retail

AUGUST 17, 2021

Brighter outlook for 2022. The Coles boss is optimistic about 2022 and hopeful that vaccinations will normalise consumer shopping behaviour and migration. “In There’s light at the end of the two-year tunnel and I along with many others at Coles are looking forward to 2022.”.

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Retail TouchPoints

JANUARY 3, 2023

2022 saw the fastest pace for inflation in decades. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete.

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Retail TouchPoints

JUNE 26, 2023

Consumers want more information about the products they buy, and retailers want more visibility into the products their customers buy. Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. Who doesn’t want that? Doesn’t that sound amazing?!

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365 Retail

SEPTEMBER 18, 2023

UK consumers are turning their sustainability efforts towards resourceful consumption, reducing food waste to shop sustainably while keeping food bills down, according to the latest data from Retail Insight , the leading provider of store operations execution software. The latest data from WRAP suggests UK households throw away 4.5

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Retalon

SEPTEMBER 1, 2023

The average holiday shopping duration among consumers in the US has gone from an average of 7.1 weeks in 2022 according to Statistica. This said luxury items tend to fare well too during a downturn because of their exposure to high-income consumers, less affected by recessions. weeks in 2018 to an anticipated 5.8 The upside?

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Inside Retail

JULY 4, 2023

China adds a special layer of anxiety for those early movers because they are mostly global brands that went through the wringer in China in 2022 with lockdowns, watched the excess inventory pile up, and all the while could hear the growing sound of footsteps behind them from some formidable domestic competitors.

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Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Order fulfillment becomes more efficient; meeting consumer expectations by enabling lower shipping costs, faster fulfillment, and a greater variety of fulfillment options.

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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. Digital transformation has changed the way consumers shop and how retailers operate.

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Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Replenishment seeks to ensure that the right product is on the shelves at the right time for the consumers to maximize sales & minimize costs. What is replenishment time?

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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 Net sales increased 17.9%

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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. Second Quarter 2022 Highlights. billion in the second quarter of 2022 compared to $8.7 Net sales increased 9.0%

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Mass Relators

JULY 26, 2022

This is higher than previously expected, with a heavier mix of food and consumables, which is negatively affecting gross margin rate, the company said on July 24. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

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Mass Relators

JUNE 19, 2023

Same-store sales gains included growth in the consumables category, partially offset by declines in the seasonal, home and apparel categories. in the first quarter of 2022, an increase of 34 basis points. Gross profit as a percentage of net sales was 31.6% compared to 31.3%

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Retalon

DECEMBER 8, 2021

In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. It used to be that consumers mostly shopped at stores geographically close to them. Why is this happening? Well, the industry has gone through a rapid digital transformation. Allocation.

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Mass Relators

JUNE 1, 2023

Same-store sales included growth in the consumables category, partially offset by declines in each of the seasonal, home, and apparel categories. in the first quarter of 2022, an increase of 34 basis points. Gross profit as a percentage of net sales was 31.6% in the first quarter of 2023 compared to 31.3%

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Mass Relators

NOVEMBER 23, 2022

Our third quarter sales performance reflects the timely execution of merchandising initiatives to drive our consumables business in this uncertain and inflationary environment,” Mike Witynski, Dollar Tree’s president and chief executive officer, said in announcing the third-quarter financial results. “We billion, an increase of 7.1%

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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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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. by Jill Liliedahl. Rather than benefit from the surge, retailers suffered. The result?

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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. inventory’ by making additional markdowns across the board.

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Mass Relators

MARCH 17, 2022

“Despite a more challenging than expected operating environment, our teams remained focused on executing our operating priorities and advancing our strategic initiatives, which we believe position us well for solid sales and profit growth in 2022 and beyond.”. increase in fiscal 2020. Net sales increased 2.8% Same-store sales decreased 1.4%

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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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Retail TouchPoints

JULY 31, 2023

Inventory distortion, whether it’s out-of-stocks or overstocks, are a huge and costly challenge for retailers and suppliers, and too often a source of great inconvenience to consumers. But as ghastly as this figure is, it is down by $172 billion from 2022. this year over 2022, compared to just a 10% increase worldwide.

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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. Consumers today want to choose how they receive their online orders and often they choose to pick up orders in person. 57% of Amazon’s unit sales in come from third party sellers on its platform.

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Retail TouchPoints

JULY 26, 2022

Walmart has adjusted its Q2 and full year 2022 profit outlook, as the retail giant expects shoppers to cut back on extraneous spending in favor of staples like groceries. Walmart actually expects comparable store sales to rise to 6% during Q2 2022, up from the previously expected 4% to 5%. for fiscal 2022 as a whole.

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Retail TouchPoints

JUNE 8, 2022

Target is taking multiple actions to right-size its inventory, including additional markdowns, removing excess inventory and cancelling orders, as it makes room for merchandise including groceries and back-to-school supplies.

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Retalon

JANUARY 17, 2022

This is one of the main reasons why leading retailers are bolstering their retail pricing strategy by investing in UPPMO (Unified Price, Promotion, and Markdown) solutions. Top retailers achieve smooth cross-channel operations with the use of Unified Pricing, Promotion, and Markdown Optimizations solutions. Let’s find out.

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Retailing Pricing Markdowns Promotions Accounting 41

Retalon

NOVEMBER 2, 2021

This was possible because: Talented labor in other countries was cheaper than domestic workers Overseas factories began producing high-quality products at lower prices Consumers wanted goods to be equally attainable for all financial classes Increased margins allowed retailers to stock more inventory and carry larger assortments.

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365 Retail

DECEMBER 3, 2021

Unify by DemandTec includes four initial applications, available together as a platform or separately: 1) DemandTec Autonomous Pricing, 2) DemandTec Autonomous Promotions, 3) DemandTec Autonomous Markdowns, and 4) DemandTec Autonomous Collaboration. Merchandising today is tough.

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Retail Adventures

AUGUST 16, 2022

This year start your Golden Quarter planning now: 2022 Dates to Remember This year Black Friday is on November 25, Small Business Saturday is November 26, Cyber Monday is November 28, and the biggest shopping day of the holiday season will be December 17, the Saturday before Christmas. Be prepared for markdowns and returns.

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Inside Retail

AUGUST 24, 2023

His initial sentiments, stressing the need to do things differently and to redefine the brands so that they have meaning to consumers, are very sensible. As a reminder, fiscal 2022 net sales included approximately $300 million in sales for Gap China.” This, combined with a more cautious consumer, is a losing combination.”

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Retail Minded

FEBRUARY 24, 2022

As retailers look ahead in 2022 and beyond to set themselves apart from their competition, other factors have also gained importance too. 1 : CONSUMERS DEMAND SPEED, FLEXIBILITY AND CONTROL. The pandemic undoubtedly changed consumer behaviour. 2 : CONSUMER EXPECTATIONS ARE STRONGER THAN EVER. Among them?

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Mass Relators

MARCH 27, 2023

turned in another stellar performance in fiscal 2022, reporting double-digit top-line growth that narrowly missed Wall Street’s expectations. Fiscal 2022 saw Dollar General post a 10.6% Fiscal 2022 included an additional 53rd week that contributed $678.1 During the year, consumables sales jumped 14.8% Dollar General Corp.

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Mass Relators

FEBRUARY 28, 2023

billion in fourth quarter 2022, down 44.7 percent in 2022 compared with 6.8 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. billion in 2022 was down 57.0 Total revenue of $31.4

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Retail Prophet

JULY 18, 2022

A shock to the system of western merchants and consumers who had largely operated with an assumption of unconstrained access to whatever they’ve wanted, whenever they’ve wanted it. But in the process also opened global consumer markets to risks that would make the cotton collapse of 1861 look like a picnic. Image Credit: Hip To Save).

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Retail Geek

FEBRUARY 28, 2023

Cooper one of the things we wanted to start today was finally got the last piece of data from 2022 from the US Department of Commerce walk us through what your magic Tableau Data machine is Tanya. 8:20] What’s I guess slightly less cool depending on where you stand is the growth rate so that trillion dollars is 7.4%

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Indigo 9 Digital

FEBRUARY 7, 2023

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. Many direct-to-consumer brands wait a while before moving into brick-and-mortar retail before realizing years later that selling offline presents a bigger opportunity.

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