Retalon

SEPTEMBER 1, 2023

The average holiday shopping duration among consumers in the US has gone from an average of 7.1 Optimize pricing for varied income brackets Retailers who provide products with a range of prices, low to high, tend to do well because they attract the broadest range of consumers from all income brackets. weeks in 2018 to an anticipated 5.8

Markdowns 41

Markdowns Net Profit Consumer Location 41

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Inside Retail

AUGUST 25, 2022

Experience: We all experienced the GFC – I was CEO of The Good Guys at the time – and the principles of dealing with a downturn are pretty much the same, except in the current situation, we have the added benefit of a more dynamic channel in e-commerce. You look at all of those controllables very closely. Michael Ford. Launa Inman.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Retalon

OCTOBER 24, 2023

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. Entirely preventing these massive amounts of overstock.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Account for more variables in your seasonal merchandise planning. Calculate the seasonality for every SKU, at every store.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retalon

FEBRUARY 15, 2022

Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. 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. Let’s take a look at what those are.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Mass Relators

DECEMBER 21, 2022

billion last year, largely due to a reduction in revenue from COVID vaccines and testing, store closures and a planned loss of covered lives at Elixir. Our third quarter beat consensus on top and bottom line, and we’re pleased with our results at Elixir and our accelerated sales growth at retail. Revenue was down from $6.23

Markdowns 52

Markdowns Accounting Planning Consumer 52

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. This is how consumer demand will react to a change in price.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Wiser

JANUARY 12, 2021

Retailers that strive for perfection in their pricing strategies would often be better served by trying for good first, then perfecting their approaches based on how consumers react to the prices of their goods. Likewise, if your sales volume is extremely high at launch, you could raise the selling price to increase your margin.

Wholesale 78

Wholesale Shrinkage Markdowns Returns 78

Retalon

FEBRUARY 14, 2022

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. Entirely preventing these massive amounts of overstock.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

JANUARY 6, 2021

In reality, replenishment planning is a fairly complicated process that has to account for many variables, including logistics routes, timelines, availability, and cost. The purpose of replenishment is to ensure that a retailer has the right quantity of product, at the right location, at the right time to maximize sales and minimize costs.

Planning 41

Planning Markdowns Accounting Shipping 41

Indigo 9 Digital

FEBRUARY 28, 2023

Retail is littered with stories like this one, about companies that were once at the top but are no longer relevant. It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. At the time it filed for bankruptcy Forever 21 was one of the largest mall tenants in the United States.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Digital transformation has changed the way consumers shop and how retailers operate.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. Most commonly, retailers use geographical clusters to better account for demographics, distribution cost, climate, and other relevant factors to their business.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

FEBRUARY 10, 2022

So, a retailer who wants to gain the competitive edge while avoiding undue losses, needs to be able to spot the indicators of bad inventory and know how to fix them at the root. Identifying bad inventory can mean the difference between bringing in profits or losses at the end of the year. Drastic Markdowns. How to Fix it.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

JULY 28, 2021

Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. Let’s take a look at 3 examples of seasonal products in the image below: Seasonality can depend on product type, on whether it is event-driven or weather-driven.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

JULY 28, 2021

Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. Let’s take a look at 3 examples of seasonal products in the image below: Seasonality can depend on product type, on whether it is event-driven or weather-driven.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. Chances are that consumers will choose the cheaper product over a more expensive brand. Let’s dig a little deeper to find out what they are.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

Retalon

OCTOBER 8, 2020

But first, let’s take a look at what reducing inventory really means, and why it matters. 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. Looking at past performance only gets you so far.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Use and analyze the past seasonal orders to determine how to price products- By using the data, look at previous seasons to guide your pricing decisions. Instead of simply repeating the same quantities, look at which products were the best and worst sellers and order accordingly.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

APRIL 14, 2021

A successful assortment strategy will need to take many different elements into consideration from a retailer’s identity and vendors, to store capacities, consumer demand, and profitability. Developing a solid product assortment strategy at the beginning optimizes revenue and profit while minimizing the risk.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Bundled Pricing 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. Replenishment seeks to ensure that the right product is on the shelves at the right time for the consumers to maximize sales & minimize costs. Periodic Strategy.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

APRIL 27, 2021

It can analyze billions of data points and predict demand at a level of granularity that’s simply impossible to reach using Excel. However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

APRIL 21, 2021

Consumer expectations have evolved in the digital age, and retailers are now offering a multitude of flexible order delivery methods such as “Buy online, pick up in-store”, “curbside pickup”, “order in store, deliver home” and more. So how can retailers offer these options to consumers while lowering their costs?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Wiser

SEPTEMBER 22, 2020

There are countless pricing strategies at your disposal, but not all are created equal. Some strategies are much more effective than others at increasing margins, moving inventory, and keeping customers happy. This is a pricing strategy popular at Walmart in which prices seem to be so low that no further discounting is possible.

Advertising 148

Advertising Markdowns Marketing Promotions 148

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. Optimizing your inventory balancing process is key to increasing ROI.

Location 41

Location Inventory Management Markdowns Fulfillment 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

AUGUST 2, 2019

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. At best, they give you a dashboard of conditions right now.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

Retalon

SEPTEMBER 13, 2015

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store. In-Stock Percent.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

NOVEMBER 19, 2018

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? Predictive Analytics looks at data from across your business and can both answer questions and proactively offer solutions.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? Predictive Analytics looks at data from across your business and can both answer questions and proactively offer solutions.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Consumer behavior (average ticket price, product preferences, time, weather, etc.). At best, they give you a dashboard of conditions right now. Each functional team looked at data differently, had different priorities, and had different decision-making lead times.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

SEPTEMBER 23, 2020

Today’s retailers are facing a bevy of new challenges, including declining sales, fierce competition from online-only stores, and changing consumer preferences. To explain what makes advanced analytics so special, we need to start at the beginning. for any human to account for all of them manually. What is Retail Data Analytics?

Accounting 47

Accounting Markdowns Management Inventory Management 47

Retalon

SEPTEMBER 13, 2015

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store. In-Stock Percent.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store. In-Stock Percent.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

AUGUST 16, 2019

Any business that caters to a consumer marketplace deals with 2 common challenges. It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. This balance act can prove to be very tricky.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32