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Retail Assortment Strategies: What Are They & How Do They Work?

Wiser

Too wide and you’ll end up with leftover dead stock. Successful retail assortment strategies will take many different factors into account, such as customer base, location, store capacity, etc. This way you can rely on regular purchases with little worry of retaining dead stock.

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Behind the evolution of 107-year-old Japanese eyewear brand Tanaka Optical

Inside Retail

The founder was an ambitious entrepreneur who opened one of the first professional optical stores in Hiroshima at that time. SW: At Tanaka, we seek to serve our treasured customers with the joy of seeing and the pleasure of being seen through our intimate eyewear recommendations. What inspired you to focus on sustainability?

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

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. You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. What is bad inventory called?

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5 Online Hacks to Boost Local Footfall to Your Store

Retail Next

Stocking exclusively in-store products. According to research , reviews account for 15.44 With even high-profile brands going out of business or closing stores on a regular basis, it’s easy to think that the brick-and-mortar approach to retail is dead in the water. But you can go far with a little ingenuity.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

At its most basic, order fulfillment is the combination of steps required to get products into the hands of customers. This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. Will you deny returns at a store level? Emphasizing BOPIS.

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

There are several important trends at play: 1. The right product, at the right place, at the right time for the right price. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory? How do you calculate optimal safety stock levels?

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

There are several important trends at play: 1. The right product, at the right place, at the right time for the right price. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory? How do you calculate optimal safety stock levels?