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

Wiser

These are all examples of an optimized assortment plan. 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. What Are Retail Assortment Strategies?

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

Retalon

Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Indicators you’re managing bad inventory. A high cost of overstock management.

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

Inside Retail

Approvals are only granted when construction companies/ID firms show they can comply with the comprehensive set of safe management guidelines, which include sending workers for swab tests and training to ensure familiarity with Covid safety measures. IR: Do you have expansion plans in the pipeline? SW: As a matter of fact, we do!

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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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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

How much extra inventory should be ordered for planned promotions? 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?

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

How much extra inventory should be ordered for planned promotions? 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?

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[Webinar] Increasing Your Share of Shelf with Suggestive Selling

Wiser

She is our in-store product marketing manager extraordinaire, and she’ll do some more formal intros and take over. However, when working with emerging companies, we’ve heard that there can be a lack of a holistic plan, containing straightforward, digestible, actionable data to inform the process. So, thank you all so much.