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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.

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

Inside Retail

The huge impetus to open our first overseas Tanaka outlet in Singapore this year was encouraged by several factors – the quality understanding of the local market, the right location, the demand for a good Japanese eyewear in that vicinity as well as the reasonable rental we were able to negotiate.

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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?

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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. direct-to-consumer e-commerce orders), retailers now have to worry about fulfilling orders across multiple complex channels and B&M locations. So Instead of optimizing one channel (i.e.

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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 Their official position is that “High-quality, positive reviews from your customers will improve your business’s visibility and increase the likelihood that a potential customer will visit your location.”. Final thoughts ….

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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.

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[Webinar] Increasing Your Share of Shelf with Suggestive Selling

Wiser

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. Where on the shelf is it located? You know, top, middle, bottom, eye level, missing tags, appropriate stock level, etc.