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Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. And by taking an integrated approach to pricing, promotions and markdowns, retailers can use a holistic data-driven strategy that uses the same science and is measurable for all teams.

Markdowns 306
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Open to Buy Retail Planning Done Right

Retalon

We refer to these as Merchant-driven organizations. At home, the gift budget may need to be significantly higher in December than in January to account for holidays. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. If buyers encounter the next great product, they may choose to exceed the set budget.

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Open to Buy Retail Planning Done Right

Retalon

We refer to these as Merchant-driven organizations. At home, the gift budget may need to be significantly higher in December than in January to account for holidays. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. If buyers encounter the next great product, they may choose to exceed the set budget.

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The Order Fulfillment Process in 2022 and Beyond

Retalon

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In fact, the best order fulfillment processes become sources of revenue, profit, and even customer loyalty.

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11 Steps to Shopping Your Competition

Retail Adventures

Stop in each important area of the sales floor and watch shoppers, trying to see the merchandising and customer service through their eyes. Where are important basics and hot sellers located on the sales floor? Don’t forget to visit service areas, classrooms, and rest rooms, too. Is it clutter free? Is it effective?

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How to Shop Your Competition

Retail Adventures

Stop in each important area of the sales floor and watch shoppers, trying to see the merchandising and customer service through their eyes. Where are important basics and hot sellers located on the sales floor? Don’t forget to visit service areas, classrooms, and rest rooms, too. Do customers linger or get in and out?

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The Future of Retail in the New Era of Risk

Retail Prophet

Soon, merchants everywhere began to experience what many thought could only happen in third-world economies and banana republics – panic buying, empty shelves and bottomless backlogs to fill them. But in the process also opened global consumer markets to risks that would make the cotton collapse of 1861 look like a picnic.