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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

It operates more than 100 stores in Japan, manufacturing and marketing spectacles, contact lenses and hearing aids as well as selling other optical goods. IR: How has the optical market evolved since you launched your business? IR: Can you tell us what it was like to launch a new store during the pandemic?

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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. Don’t lose market share to bad inventory management.

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5 Online Hacks to Boost Local Footfall to Your Store

Retail Next

If you’ve already got an online customer base, reach out to them through regular email marketing. Stocking exclusively in-store products. According to research , reviews account for 15.44 And the beauty of social media is that it’s open to any sized business, regardless of its marketing budget. Final thoughts ….

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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. And yet, failing to live up to consumer expectations can be just as deadly — especially when retail behemoths like Amazon are gobbling up market share.

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. 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?

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. 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?