Inside Retail
JULY 4, 2024
“For example, around 25 per cent of retail businesses are out of stock of their top-selling items for at least 30 to 40 per cent of the time. The other issue is that typically, around 20 per cent of all inventory on the shop floor is dead. Our software helps them resolve that. Can you expand on the website idea there?
Inside Retail
JULY 28, 2021
What inspired us to be more accountable for sustainability is from the core of our business, that is based on the traditional format of the optical retail business rather than the fast-fashion optical business format. Thus, we don’t need to rely on mass production of trend-led products and excessive dead stocks after the trend is over.
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Wiser
APRIL 10, 2023
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.
Retail Geek
AUGUST 25, 2021
For extra holding costs or Miss sales but it’s also advertising its also customer experience it’s also, bundles which also fall out of stock if a component is out of stock and so the blast radius is wider but we have a way to tie that all together and be able to make smarter economic decisions based on that.
Retalon
NOVEMBER 2, 2021
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.
Wiser
AUGUST 25, 2023
So, it’s about making that information as brain-dead simple and readily available for everyone from, you know, field sales reps walking into the store to key count managers during category reviews. You know, top, middle, bottom, eye level, missing tags, appropriate stock level, etc. How Does It Work?
Retalon
APRIL 14, 2021
And since most markdowns are not planned for in advance (or at least accounted for in the pre-season planning stages), they frequently drain profits considerably more than they have to. Markdowns are used to temporarily increase demand for low-demand products, ideally long enough to sell through all stock.
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