365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Inside Retail

AUGUST 25, 2022

Laura Inman, non-executive director at Super Retail Group and chair of Melbourne Fashion Festival. Non-executive director, Super Retail Group , and Chair, Melbourne Fashion Festival. All too often, especially if there are supply chain challenges, retailers will be reluctant to take the deep markdowns required to clear the stock.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

OCTOBER 24, 2023

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. How do retailers get into this mess? Incentives A current U.S.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 14, 2022

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. How do retailers get into this mess? Brand Image. Incentives.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

APRIL 14, 2021

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?

Markdowns 41

Markdowns Dead-Stock Promotions Bundled Pricing 41

Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. For example, fashion retailers often see products with trending styles and colours pull sales from last season’s top sellers. Promotional uplift.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

Retalon

APRIL 14, 2021

Account for changing consumer behaviour and preferences. Consumers’ tastes in fashion change with the seasons and where they shop changes over the course of years. A fashion retailer, for example, with shelf space for 17 SKUs of jeans can optimize the combination of brands, colors, and styles that are best for each location.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

NOVEMBER 19, 2018

The decision came after similar announcements from other fashion retail competitors such as Gucci, DKNY, Versace, Burberry and Columbia Sportswear. The decision to drop fur, or any other category/sub-category of product, isn’t an easy one for retailers, especially those in high-end fashion retailing. Learn more at retalon.com.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

The decision came after similar announcements from other fashion retail competitors such as Gucci, DKNY, Versace, Burberry and Columbia Sportswear. The decision to drop fur, or any other category/sub-category of product, isn’t an easy one for retailers, especially those in high-end fashion retailing. Learn more at retalon.com.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

APRIL 21, 2021

This means that optimizing your fulfillment across all channels requires building a holistic process that takes your specific company policies and labour considerations into account, while still finding the cheapest and fastest method for fulfilling omnichannel orders (while keeping your customers happy) — for every order. Read More.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

SEPTEMBER 11, 2020

In today’s landscape, when a new fashion retail trend latches on, companies need to have the ability to make the right decisions quickly. So, why is advanced analytics so successful and what is the difference between the traditional approach and this new advanced approach to fashion analytics? Fashion Retail’s Unique Challenges.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Because retailers can’t afford to lose money because inventory purchases didn’t account for future promotions, business leaders imposed processes to keep everyone on the same page. POS data (sales, returns, etc.). Inventory levels (store, warehouse, distribution centers).

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

SEPTEMBER 11, 2020

In order to understand how to take full advantage of this new technology, we will first explain what demand forecasting actually is, the most common methods of demand forecasting in retail, key constraints that need to be accounted for, and modern examples of accurate demand forecasting. What is Demand Forecasting?

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

MARCH 4, 2019

Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns. Inventory Management.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

AUGUST 16, 2019

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. The upside is, loyal customers may be more favorable toward product recommendations that take their personal preferences into account. This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. The upside is, loyal customers may be more favorable toward product recommendations that take their personal preferences into account. This is the level of exclusivity their customers expect and prefer.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

FEBRUARY 12, 2021

If your predictions are inaccurate (or your assortment plan fails to reflect consumer demand) — you’ll be facing out-of-stocks, markdowns, and unhappy customers all year. Their only option may be high-level planning that doesn’t take individual stores, demographics, and constraints into account. This is easier said than done.

Planning 41

Planning Accounting Store Layout Markdowns 41

Retail Prophet

JULY 18, 2022

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).

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

OCTOBER 18, 2013

It’s been almost a joke what has happened in retail business for years where retailers will declare a promotion or announce a markdown, 20 percent off, and the stores will not have any additional inventory to support it. Another company in fashion that specifically plans to have terminal stock at the end of the season.

Markdowns 32

Markdowns Promotions Planning Accounting 32