Retail TouchPoints

FEBRUARY 2, 2022

I’m an avid runner so naturally I’ve made this analogy, and it’s a great one to describe to retailers who are mired in the minutiae of pricing — especially as the market fluctuates in year two of the pandemic while Amazon makes a different move to any SKU multiple times a day and the supply chain is riddled with hiccups in every link of the chain.

Retailing Pricing 236

Retailing Pricing Markdowns Accounting Outdoor 236

Retail TouchPoints

SEPTEMBER 29, 2022

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Here, we look at some of the initiatives — transparent sourcing, greater demand forecasting, recommerce and sustainable packaging — retailers are using to be more sustainable. A Starting Point. Transparent sourcing. Furthermore, in the U.S.,

Fast Fashion 349

Fast Fashion Fashion Markdowns Consumer 349

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. You are optimising the value of that product by discounting at the right time, rather than too early.”

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

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. Some of your variable expenses like marketing come under scrutiny. Michael Ford.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

365 Retail

DECEMBER 3, 2021

Unify by DemandTec includes four initial applications, available together as a platform or separately: 1) DemandTec Autonomous Pricing, 2) DemandTec Autonomous Promotions, 3) DemandTec Autonomous Markdowns, and 4) DemandTec Autonomous Collaboration. Unify by DemandTec is the first of its kind.

Markdowns 52

Markdowns Promotions Retailing Pricing Accounting 52

Retalon

OCTOBER 24, 2023

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. This means they can’t markdown their products without devaluing the brand.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

JANUARY 17, 2022

Granted, many retailers have developed pricing strategies that account for multiple factors affecting product price, such as; Production and distribution costs Competitor pricing Revenue goals. On top of having visibility across the business, retailers also need to account for all internal and external factors that affect pricing and demand.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Mass Relators

JANUARY 16, 2023

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 Marketing 52

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

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. These retailers are therefore unable to account the demand uplift resulting from the promotion. Let’s take a look at each of these in a little bit more detail. The nature of fashion itself makes selling online a more difficult endeavor.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

JUNE 10, 2020

may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success. Retailers who don’t account for these considerations often struggle with profitability. ultimately determine how profitable your business is.

Planning 41

Planning Markdowns Promotions Accounting 41

Wiser

JANUARY 12, 2021

In this short guide, we’ll look at what keystone pricing is, when and how you should use it, and how it compares to similar pricing strategies. Doubling the wholesale cost allowed retailers to take into account fixed and variable costs, such as coupons, theft, returns, and other common margin-eaters while still turning a profit.

Wholesale 78

Wholesale Shrinkage Markdowns Returns 78

M19 Retail

APRIL 14, 2021

The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. E-commerce pure players can offer hundreds of products in a single product category.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

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

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. If you are curious about why Forever 21 had such a fall from grace consider these four factors. Think Sears.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

FEBRUARY 14, 2022

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. This means they can’t markdown their products without devaluing the brand. Brand Image.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . What sizes should you offer for each product at each location? For example your assortment, operations, marketing, etc.). While you schedule additional meetings to discuss your competition is picking up market share.

Fashion 41

Fashion Markdowns Promotions Accounting 41

M19 Retail

MARCH 17, 2021

Mi9 is committed to extending our market-leading merchandise management platform with modern, mobile capabilities that help store associates access and maintain real-time inventory levels,” said Neil Moses, Mi9 Retail CEO. Mi9 Retail and ThryveAI Showcase Grocery Innovations at Google Cloud’s Partner Pavilion During NRF 2021.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

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.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Mass Relators

DECEMBER 21, 2021

Despite challenges in the labor market, our pharmacists and store teams were able to meet the unprecedented volumes for COVID and flu immunizations, COVID testing and other clinical services, which clearly demonstrates our Lean work to free up capacity is paying off.”. Prescription sales from continuing operations accounted for 71.1

Markdowns 52

Markdowns Planning Accounting Marketing 52

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

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. Your ability to market your brand atrophies.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Mass Relators

APRIL 20, 2023

Our fourth quarter results were at the higher end of our guidance and above consensus, driven by encouraging results in retail pharmacy and year-over-year improvement for the quarter at Elixir,” said Elizabeth “Busy” Burr, interim chief executive officer. “We Prescription sales accounted for 71.5 million, or 2.1 million, or $13.71

Markdowns 52

Markdowns Target Market Accounting Marketing 52

Retail Minded

FEBRUARY 24, 2022

Then, once the order is placed, they want to be able to stay in control by checking the order; adding or removing items; or having the option to change a delivery address or method without having to listen to terrible ‘hold music’ at a call centre for hours upon end. Fulfilment processes in the warehouse need to be flexible. Among them?

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111

Mass Relators

APRIL 14, 2022

The gain was driven by retail segment growth, partially offset by a decline at the Pharmacy Services Segment. Prescription sales from continuing operations accounted for 70.1 Total store count at the end of the fourth quarter was 2,450. Prescription sales from continuing operations accounted for 70.0 billion and $23.5

Accounting 52

Accounting Markdowns Planning Marketing 52

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. What IT are the most successful retailers investing into?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

DECEMBER 17, 2021

This creates internal competition between products instead of pulling customers, revenue and market share from the retail businesses’ external competitors. This results in a lower overall profit for the retailer, since consumers are buying more of the cheaper product and less of the product they used to buy at a higher price point.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

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. Traditionally, retailers have treated forecasting, planning, pricing, inventory, and promotions (marketing) as completely separate domains, often with competing mandates. Order fulfillment automation.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retail Prophet

JULY 18, 2022

Indeed, the entire global shipping industry had seemingly run aground – if only metaphorically – as dock workers at many of the world’s largest ports reeled with the effects of the virus. While cotton could indeed be sourced elsewhere, the US had several distinct market advantages. America Ran on Dunkin’ Cotton.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

APRIL 14, 2021

Wide assortment breadth allows retailers to appeal to bigger demographics, but make it more difficult to appeal to more dedicated and loyal niche markets. Developing a solid product assortment strategy at the beginning optimizes revenue and profit while minimizing the risk. Account for changing consumer behaviour and preferences.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

FEBRUARY 13, 2018

Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location. Therefore, purchasing decisions are largely made at a higher than SKU level. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

JUNE 18, 2019

The math needed to account for these effects is hard enough. At other times, however, the link to sales will be more tenuous as your promotions support the business’ longer-term goals. Winning market share will impact short-term profits, but these promotions help position a new retailer for sustainable sales in the long term.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

Retalon

JUNE 18, 2019

The math needed to account for these effects is hard enough. At other times, however, the link to sales will be more tenuous as your promotions support the business’ longer-term goals. Winning market share will impact short-term profits, but these promotions help position a new retailer for sustainable sales in the long term.

Promotions 32

Promotions Markdowns Inventory Management Payment Services 32

Retalon

SEPTEMBER 3, 2020

Afterall, retailers invest in merchandise hoping to sell it at a profit. There are several different approaches that companies take to measuring GMROI, each based on the nuances of their unique internal accounting systems. As a retailer, inventory is one of your biggest investments. That’s the crux of the entire retail business model.

Returns 41

Returns Accounting Fulfillment Markdowns 41