Remove Accounting Remove Jewelry Remove Markdowns Remove Promotions
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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. 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 199
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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. What channels do you promote through? Do you run promotions?

Fashion 41
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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

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. So how can we account for all these factors? When you change the promotion, the system should know about your inventory level. Bob Johns: Interesting.