article thumbnail

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.

article thumbnail

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

Inside Retail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Retalon

You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Last minute markdowns that offload stock at a loss. There is constant manual intervention, this may be transferring inventory between stores or ordering new stock. What is bad inventory called day-to-day?

article thumbnail

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. Final thoughts ….

article thumbnail

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. Firstly, a BOPIS model simply pushes the optimization burden to the individual stores — as consumers tend to check individual store stock before ordering.

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

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? How are predictive analytics helping retailers reduce out-of-stocks? How can the refine forecast accuracy?

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

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? How are predictive analytics helping retailers reduce out-of-stocks? How can the refine forecast accuracy?