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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. The company decided to invest in technology that would help it harness the power of data to improve its customer insights and the shopper experience. “At

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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. For instance, . They also offer trade-ins of used goods. Do you run promotions?

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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

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Podcast: Leveraging Analytics For Omni-Channel Success

Retalon

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. So how can we account for all these factors? Bob Johns: Interesting.