Retail Focus

AUGUST 8, 2023

Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business. Outsourcing accounting and bookkeeping tasks to professionals can help you keep track of expenses, revenues, and taxes efficiently.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Inside Retail

JANUARY 30, 2024

For example, in 2023, beauty and skincare products from France accounted for 58 per cent of all French goods ordered on JD’s cross-border e-commerce platform,” he pointed out. Additionally, the fashion industry often encounters supply chain challenges such as inventory management and high return rates. “For

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

Retail Gazette

FEBRUARY 22, 2024

AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Account for items you can’t sell – If you cannot sell an item due to damage, make sure it is classified as non-sellable. Monitor important metrics : Keep track of inventory costs, turn rate, and sell-through rates to know how your inventory performs and make appropriate changes.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

FEBRUARY 10, 2022

You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. A low rate of inventory turnover. Low demand inventory builds up resulting in overstocks. No room for in-demand inventory . Stagnant inventory is occupying shelf space, in-place of high demand products. .

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

FEBRUARY 24, 2022

Essentially, OTB is a purchasing plan which takes into account current inventory levels and projected sales for a set time period. It’s part of a three-step open to buy process: Step 1 – Know your inventory turnover. Turnover rates impact OTB. What is open to buy? Open to buy definition. OTB management.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Rain Pros

MARCH 6, 2024

Categorizing a store’s inventory allows the owner to make quicker and more informed decisions about ordering new inventory. Offering more of what sells and less of what doesn’t increases efficiency by minimizing overstock and accelerating inventory turnover, leading to higher profits.

Inventory Management 40

Inventory Management Inventory Turnover Point of Sale Accounting 40