Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . This has been the typical ineffective approach fashion and apparel retailers have taken for decades. What unique features, processes, or variables you’d like to include as a business rule or want to be accounted for.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

OCTOBER 8, 2020

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

SEPTEMBER 1, 2020

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. Without a solid demand forecast, you risk misallocating inventory and missing your revenue targets while watching turns collapse.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

SEPTEMBER 11, 2020

In order to understand how to take full advantage of this new technology, we will first explain what demand forecasting actually is, the most common methods of demand forecasting in retail, key constraints that need to be accounted for, and modern examples of accurate demand forecasting. What is Demand Forecasting?

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

DECEMBER 8, 2021

An accurate forecast must account for how relevant factors will affect each SKU at the store level. 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. 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 Minded

FEBRUARY 24, 2022

Orders need to be fulfilled in real-time, taking into account last-minute changes from the customer while keeping a close eye on cut-off times. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE.

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111

Retalon

FEBRUARY 12, 2021

If your predictions are inaccurate (or your assortment plan fails to reflect consumer demand) — you’ll be facing out-of-stocks, markdowns, and unhappy customers all year. Their only option may be high-level planning that doesn’t take individual stores, demographics, and constraints into account. This is easier said than done.

Planning 41

Planning Accounting Store Layout Markdowns 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

It’s been almost a joke what has happened in retail business for years where retailers will declare a promotion or announce a markdown, 20 percent off, and the stores will not have any additional inventory to support it. So how can we account for all these factors? Bob Johns: Interesting.

Markdowns 32

Markdowns Promotions Planning Accounting 32