Remove Accounting Remove Jewelry Remove Location Remove Promotions
article thumbnail

Realizing the Potential Business-Specific Analytics in Jewelry (2021)

Retalon

Jewelry Specific Analytics and AI. But let’s be honest, what do fast food restaurants, automotive shops, jewelry stores, and online supplement stores have in common? For instance, Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. Jewelry-Specific Analytics.

Jewelry 41
article thumbnail

Mejuri Leverages Real-Time Profitability Data to Inform Decision-Making

Retail TouchPoints

Like many brands dealing with COVID-19, DTC jewelry brand Mejuri was forced to focus intently on its online operations this year. SoundCommerce allows us to track the exact impact of these variables on our profitability as we make real-time decisions regarding assortment, promotions, inventory, marketing and fulfillment.”

Markdowns 184
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Price Segmentation and Is It Right for Your Business?

Wiser

There are some other factors that can influence price segmentation as well, such as seasonality, geographic location, and availability. For example, a heavy warm coat may be sold at a different price in the summer, or in a tropical location than it would in the arctic in the dead of winter. Location/Proximity.

Jewelry 147
article thumbnail

Amazon Style’s Digitally Powered Brick-and-Mortar Experience Blends Human Touch With AI Sales Support

Retail TouchPoints

Amazon Style plans to open a second brick-and-mortar location later in 2022 at the Easton Town Center in Columbus, Ohio. Customers may also pay using an existing credit card that is connected to an Amazon account by scanning the In-Store Code within the Amazon Shopping app. Enhancing Physical Retail with Digital Tools.

article thumbnail

Winning With General Merchandise

Independent Retailer

Consumers are in the market for value, and smart wholesale companies provide independent retailers with product and pricing options that promote high profit margins, stimulate consumer interest, and enable brands to offer goods at bargain prices. Promotions are deal specific, and Bargain Max sells by the case, trailer load, and pallet load.

article thumbnail

Realizing the Potential Business-Specific Analytics in Retail (2021)

Retalon

For instance, Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. Fashion retailers need to account for size curves for every SKU Jewelry retailers carry low quantities of one-of-a-kind stones that need to be strategically stocked in stores they are most likely to sell.

article thumbnail

Realizing the Potential Business-Specific Analytics in Fashion Retail (2021)

Retalon

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . Jewelry retailers need to determine the right assortment mix that offers a good selection while having the right depth of inventory for each SKU. What channels do you promote through? Do you run promotions?

Fashion 41