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.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

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.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

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. Changes made by competitors Changes in geodemographics Changes in promotional calendars and strategies Changes in seasonality Changes in vendor pricing.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

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?

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

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.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

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.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

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. Target also is revising its sales forecasts, future promotion plans and cost expectations by category.

Planning 278

Planning Supply Chain Management Promotions Markdowns 278

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. For instance, introducing a new shampoo using a lower price promotion might cannibalize sales from shampoo inventory already on the shelf. Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

365 Retail

DECEMBER 3, 2021

DemandTec , a pioneer in retail price and promotion optimization technology, today launched Unify by DemandTec, the industry’s first autonomous unified merchandising platform for retailers. Unified merchandising as a strategic advantage. It’s a critical time for retailers, all around the world,” said Todd P. Merchandising today is tough.

Markdowns 52

Markdowns Promotions Retailing Pricing Accounting 52

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. Your store must be open on Black Friday.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

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.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

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

Markdowns 40

Markdowns Promotions Planning Consumer 40

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. Scot: [5:20] Cool shouldn’t you know who your clients are as a chief digital retail strategy officer.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52