Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

SEPTEMBER 1, 2020

Without a solid demand forecast, you risk misallocating inventory and missing your revenue targets while watching turns collapse. Fixing the problem through stock rebalancing or price markdowns will be expensive. Retailers need to also account for new products impacting the sales of other SKUs through product demand cannibalization.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

DECEMBER 8, 2021

Changes in geodemographics, seasonality, pricing, new inventory, and cannibalization are only a few of the factors influencing product demand. An accurate forecast must account for how relevant factors will affect each SKU at the store level. Fulfillment models that work for apparel may not work as well for appliances.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

SEPTEMBER 11, 2020

Fashion and apparel retailers are also dealing with distribution of sizes, colors, and styles, all of which are complicated further by shifting seasonality. Often resulting in inventory distortion that lead to lost sales and costly markdowns. Often minimizing markdowns in the process.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Prophet

JULY 18, 2022

Most companies today, according to Thorbeck, are accounting only for the front-end advantage that low cost might afford them. The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. Risks, he says, that make businesses far less competitive.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. So how can we account for all these factors? When you change the promotion, the system should know about your inventory level. Bob Johns: Interesting.

Markdowns 32

Markdowns Promotions Planning Accounting 32