Remove Accounting Remove Checkout Remove Loss Prevention Remove Markdowns
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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Online sales now account for more than 20% of total retail sales.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

At checkout, the shopper would have multiple fulfillment options to select from – including BOPIS. The rise of at-home delivery forced loss prevention managers to start looking beyond the store. Whereas BOPIS shifts the delivery to the retail premises where store employees and loss prevention practices control every order.