Remove 2022 Remove Markdowns Remove Shipping
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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.

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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.

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How Retailers Can Minimize Returns: Focus on Convenience, Communication and Personalization

Retail TouchPoints

These include not just costly shipping and processing fees but also the extra promotions or liquidations needed to move excess inventory. When it’s out of season, they have to do markdowns, so it starts a vicious cycle. of returns in 2022 were fraudulent, costing the retail industry $84.9 billion annually.

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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. When scanned, the QR code provides the shopper with detailed information such as care instructions, or connects them with a customer service agent who can arrange to have the correct size shipped directly to the shopper.

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

Retalon

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

Retalon

As a result, retailers are able to optimize their inventory across all channels and locations to avoid potential lost sales and unnecessary markdowns. Ship-to-home, store-to-store, pick-up at the warehouse, and BOPIS are just a few popular options. Global retail spending on technology will reach $218.5

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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. Common factors include: Manufacturing time Packaging and shipping time Lead time Processing time at the warehouse Customer order fulfillment Allocations Promotions.