Remove Accounting Remove Kiosk Remove Markdowns Remove Planning
article thumbnail

How to Build a Highly Profitable Product Assortment Strategy (2021)

Retalon

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Everything you need to know about product assortment strategy.

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. How much extra inventory should be ordered for planned promotions? Retailers have been operating in a multi-channel environment for a long time.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. How much extra inventory should be ordered for planned promotions? Retailers have been operating in a multi-channel environment for a long time.

article thumbnail

Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts.

article thumbnail

7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

Price planning is one of the most difficult (and often misunderstood) elements of retailing strategies. But emulating successful retailers in price planning isn’t enough. Standard price planning strategies (competition pricing, cost-plus, high-low, EDLP, etc.) What does this mean for price planning?