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.

Planning 279

Planning Supply Chain Management Promotions Markdowns 279

Retail TouchPoints

SEPTEMBER 1, 2023

in Q2 2022. million in Q2 2022 to $692.3 in Q2 2022 to 24.0% The retailer also saw a staggering 24.2% drop in operating profit to $692.3 Gross profit as a percentage of net sales was 31.1% in Q2 2023, down from 32.3% in the same period of 2023.

Markdowns 264

Markdowns Apparel Planning Consumer 264

Retail TouchPoints

MARCH 3, 2023

While the 2022 holiday season was an overall success , the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That pressure can be felt in the Q4 2022 results and fiscal 2023 outlooks released by a multitude of retailers this week.

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Retail TouchPoints

MARCH 14, 2023

That means online retailers in particular should be on the lookout for ways to minimize the costs returns incur as well as the number of returned items that come in , since minimizing markdowns during a tough economic climate is one area where return minimization strategies can have an impact on the retailer’s bottom line. “ billion annually.

Returns 263

Returns Markdowns Fulfillment Consumer 263

Retail TouchPoints

JULY 31, 2023

But as ghastly as this figure is, it is down by $172 billion from 2022. billion , “but down $174 billion and after 2022 showing tremendous improvement in product availability,” according to the report. this year over 2022, compared to just a 10% increase worldwide. Inventory distortion, which is equivalent to 7.2%

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

Retail Wire

AUGUST 23, 2022

The chain said its inventory position is in good shape, meaning that it will not have to engage in added markdowns to move merchandise. The company now expects earnings per share to come in between $10 and $12. That’s up from its previous guidance of $9.15

Markdowns 100

Markdowns Sporting Goods 100

Retail Focus

FEBRUARY 8, 2022

INTERSPORT recognised that manual in-store pricing was becoming a time-consuming task for its employees, with markdowns on goods, such as footwear and trainers, applied manually and often during busy sales periods. The post What’s in-store for 2022?

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Retail TouchPoints

JANUARY 3, 2023

2022 saw the fastest pace for inflation in decades. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. According to the 2022 State of Bot Mitigation Report , nearly 70% of companies using anti-bot solutions lost revenue to bot-driven account fraud.

Merchant Services 306

Merchant Services Payment Services Accounting Checkout 306

Retail TouchPoints

SEPTEMBER 29, 2022

According to McKinsey & Company’s The State of Fashion 2022 report , nearly 20% of executives cited radical transparency — the complete disclosure of information at every link of a retailer’s supply chain — as one of the top three themes impacting their business due to consumer desire for genuine and clear information.

Fast Fashion 362

Fast Fashion Fashion Consumer Markdowns 362

Inside Retail

MARCH 1, 2023

Rising materials and freight costs as well as stronger US dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector. It reported EBIT of 641 million euros for 2022, up from 557 million a year earlier but slightly below the 684.9

Markdowns 130

Markdowns Sporting Goods ATS Promotions 130

Retail TouchPoints

AUGUST 19, 2024

The Cisco 2022 Consumer Privacy Survey concluded that nearly 4 out of every 5 customers surveyed agreed that a company’s approach to handling personal data reflects its attitude towards its customers. A backlash soon followed as customers felt spooked by the sense that they were under surveillance from companies they once trusted.

Consumer 306

Consumer Markdowns Promotions Advertising 306

Independent Retailer

AUGUST 19, 2022

A Helium 10 report also found that the shopping excitement will be high for Halloween 2022, as well as Black Friday and Cyber Monday. Annual forecasts for 2022 from The National Retail Federation and Reuters both predict year-over-year growth for retail and online sales. Top Findings and Predictions.

Shipping 98

Shipping Merchant Services Consumer Returns 98

Retail TouchPoints

JUNE 26, 2023

Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. Giving Retailers More of What They Need 2D barcodes will have an immediate impact on visibility and management of inventory and, as a result, will reduce markdowns while also enabling quicker resolution of recall items.

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

Retail Focus

DECEMBER 8, 2021

With inflation rising, and consumers facing higher fuel and energy costs as well as increased taxes, the CEBR suggests typical UK households will each spend £1,700 more per year on costs in 2022, putting downwards pressure on disposable incomes. Original research of over 2,000 UK shoppers by antuit.ai

Markdowns 147

Markdowns Promotions Consumer Fashion 147

VMS

NOVEMBER 14, 2022

Among the indicators pointing to that glut: By the second quarter of 2022, retail inventories were up 31 percent over the same time last year, an S&P Capital IQ and FTI Consulting analysis found. In recent months, many retailers have turned to markdowns and other measures to get rid of product that customers weren’t buying.

Markdowns 95

Markdowns Shopping 95

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

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.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retalon

MARCH 7, 2022

Retalon, a Toronto-based retail AI company, has been recognized for advancing retail technology in supply chain and merchandising in 2022. “Retail CIO Radar 2022 helps CIOs and Retail business leaders to stay on top of the latest innovations. Retail Today considered nearly 7,000 nominees for these awards.

Markdowns 41

Markdowns Inventory Management Accounting Promotions 41

Mass Relators

MARCH 5, 2024

were both nearly 50% higher than in 2022. Operating income dollars grew by nearly $2 billion compared with 2022, well-above expectations. billion in 2022 to $8.6 billion in 2022 to $8.6 in the fourth quarter compared with 2022, driven by sales growth of 1.6% billion in 2022. billion in 2023. billion in 2023.

Markdowns 52

Markdowns Fulfillment Marketing Management 52

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. In 2022 it’s not just about speed and agility. Among them? The below 5 considerations. #1 1 : CONSUMERS DEMAND SPEED, FLEXIBILITY AND CONTROL. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE.

Fulfillment 111

Fulfillment Markdowns Consumer Specialty Retailers 111

Inside Retail

AUGUST 24, 2023

As a reminder, fiscal 2022 net sales included approximately $300 million in sales for Gap China.” Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. But adding a 53rd week into FY23’s figures will boost sales by $150 million, the company said.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

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. Unfortunately, approximations often lead to lost sales, drastic markdowns, and unfulfilled potential. Reduced markdowns. Customer experience. Increased sales.

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. The post Stock Replenishment in 2022 (Definition, Process, Best Practices) appeared first on Retalon.

Inventory Management 47

Inventory Management Fulfillment Markdowns Management 47

Retalon

NOVEMBER 11, 2021

As a result, retailers are able to optimize their inventory across all channels and locations to avoid potential lost sales and unnecessary markdowns. Optimized pricing and promotions: Optimized pricing solutions allow retailers to maximize GMROI by setting optimal initial prices, in-season prices, as well as, promotions and markdowns.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

365 Retail

SEPTEMBER 18, 2023

Almost half (49%) now ensure they only buy the food they need to reduce waste – up +2% compared to 2022 – while 47% are turning to discounted groceries that are expiring to help retailers send less food to landfill. By adopting dynamic markdown models, retailers ensure they don’t leave margin opportunities on the table.”

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

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. This version offers lower price points and rapid implementation approaches.

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. Be prepared for markdowns and returns.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Mass Relators

AUGUST 25, 2022

Second Quarter 2022 Highlights. billion in the second quarter of 2022 compared to $8.7 Same-store sales in the second quarter of 2022 included growth in the consumables category, partially offset by declines in each of the apparel, seasonal, and home products categories. in the second quarter of 2022 compared to 31.6%

Markdowns 52

Markdowns Apparel Consumer Planning 52

M19 Retail

OCTOBER 11, 2024

Your retail management software must be equipped to identify those high-demand items and ensure they are restocked efficiently, while also managing slow-moving SKUs to reduce waste and markdowns. This ability to adapt quickly is critical to maintaining a balanced and efficient supply chain.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Markdowns 52

Retalon

SEPTEMBER 1, 2023

weeks in 2022 according to Statistica. Actually, the luxury category is quite resilient, growing more than 13% in 2022, compared with only about 6% growth for retail overall in the US. Mark it down…strategically Markdowns are generally part of any product’s life cycle. Instead, prioritize strategic markdowns.

Markdowns 41

Markdowns Net Profit Consumer Location 41

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 GOODLETTSVILLE, Tenn. Dollar General Corp. increase in sales to $37.84

Markdowns 52

Markdowns Apparel Planning Consumer 52

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Independent Retailer

SEPTEMBER 5, 2022

Of course, this level of demand could not be maintained, and in 2022, they dropped considerably. Even Target recently admitted its plans to ‘right-size its inventory’ by making additional markdowns across the board. When we consider the unpredictability of the last couple of years, overstocking seems a forgivable choice.

Drop-Shipping 98

Drop-Shipping Markdowns Planning Returns 98

Mass Relators

AUGUST 16, 2023

Second-quarter gross margin rate was 27%, up from 21.5 % in 2022, a trend the company attributed to retail prices increases, fewer markdowns, and lower supply-chain and digital fulfillment costs. for the trailing twelve months through second quarter 2022. Target’s operating income margin rate was 4.8%, compared to 1.2%

Markdowns 52

Markdowns Fulfillment Retailing Pricing Returns 52

Mass Relators

MARCH 16, 2023

Building on the investments we made in 2022, and the substantial progress we have made in our supply chain, we believe this incremental investment will yield strong returns as we continue creating long-term sustainable growth and value for our shareholders.” billion in the fourth quarter of 2022 compared to $8.7

Markdowns 52

Markdowns Consumer Apparel Planning 52

Retail Minded

AUGUST 27, 2022

Of course, this level of demand could not be maintained – and in 2022, they have dropped. inventory’ by making additional markdowns across the board. Worldwide shut-downs made the period where people were stuck indoors, sustained only by a stream of online deliveries, seem like it would never end. considerably.

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

Retalon

DECEMBER 8, 2021

Textbooks don’t need to languish on shelves and be subject to drastic markdowns, while students are turned away at the out-of-stock university bookstore. The post The Order Fulfillment Process in 2022 and Beyond appeared first on Retalon. Order Processing. Identify the ideal returns destination based on product demand.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41