Remove 2022 Remove Markdowns Remove Planning Remove Shipping
article thumbnail

Lowe’s Expands DC-Based Delivery of Bulky Products to 8 More Regions

Retail TouchPoints

Under the new market delivery model, large items are shipped directly from DCs to the customer, reducing the number of “touches” for each order and freeing up space at brick-and-mortar stores. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

article thumbnail

Jump Start 2022 Holiday Preparations

Independent Retailer

More than two years after the global pandemic sparked supply chain chaos, shoppers are anticipating shipping delays and inventory challenges to hinder their annual retail indulgence. A Helium 10 report also found that the shopping excitement will be high for Halloween 2022, as well as Black Friday and Cyber Monday.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. 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. Reduced markdowns.

article thumbnail

IT Spending in Retail Industry on the Rise in 2022 (and Beyond)

Retalon

Advanced analytics technology can create accurate demand forecasts that lead to better retail planning. As a result, retailers are able to optimize their inventory across all channels and locations to avoid potential lost sales and unnecessary markdowns. Global retail spending on technology will reach $218.5

article thumbnail

Stock Replenishment in 2022 (Definition, Process, Best Practices)

Retalon

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. Meeting sales demand has always been challenging, effective replenishment should mitigate issues that arise from poor planning and allocation.

article thumbnail

The Order Fulfillment Process in 2022 and Beyond

Retalon

How, when, and where the customer prefers to experience their product fulfillment affects the sourcing and shipping decisions. Order fulfillment can get very expensive if a retailer is constantly shipping inventory from low-demand locations to high-demand locations. Customer preference (fulfillment). Order Processing.

article thumbnail

Solving the Excess Inventory Retail Crisis

Independent Retailer

The key lies in using solutions that drive business intelligence forward, such as inventory planning and demand forecasting software. Of course, this level of demand could not be maintained, and in 2022, they dropped considerably. The Key Lies in Inventory Planning Software. by Jill Liliedahl. Clearing the Mist Over Inventory.