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

Wiser

If your product range is too narrow, then you won’t be able to meet consumer demand. 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.

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5 Online Hacks to Boost Local Footfall to Your Store

Retail Next

The way consumers are shopping has changed and many larger chains have failed to keep up with the trends. 3 – Create promotional offers. Promotional offers are commonplace for e-commerce businesses, but not enough brick-and-mortar stores focus on this strategy. Stocking exclusively in-store products.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

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?

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

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How charity shops became cool

Retail Gazette

The concept is the brainchild of Wayne Hemingway MBE, founder of British fashion brand Red or Dead and Maria Chenoweth, CEO of TRAID, and is a destination where people can shop the best of charity retail all in one place. M&S sends unsold stock to charity partners Oxfam, Newlife or SmartWorks.

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Sustainable Supply Chains in 2022 (and Beyond)

Retalon

This was possible because: Talented labor in other countries was cheaper than domestic workers Overseas factories began producing high-quality products at lower prices Consumers wanted goods to be equally attainable for all financial classes Increased margins allowed retailers to stock more inventory and carry larger assortments.