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

Inside Retail

IR: Do you have expansion plans in the pipeline? What has the company planned post Covid-19? 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.

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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. 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 Online Hacks to Boost Local Footfall to Your Store

Retail Next

So far in 2019, Macy’s, and even Walmart, have announced plans to close some of their stores, while Barney’s New York has filed for bankruptcy. Stocking exclusively in-store products. According to research , reviews account for 15.44 Major retailers are disappearing from our towns, and it’s a trend that looks set to continue.

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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?