Remove Accounting Remove Dead-Stock Remove Fashion Remove Markdowns
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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.

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

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The Future of Retail in the New Era of Risk

Retail Prophet

Most companies today, according to Thorbeck, are accounting only for the front-end advantage that low cost might afford them. Indeed, in a world where consumer preference can shift on a single influential TikTok video, fashion-based products may be out of fashion even before they reach the rack. Image Credit: Hip To Save).