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Genesco to Close 100+ Journeys Stores as it Focuses on Off-Mall Locations

Retail TouchPoints

The company is looking to pivot Journeys to an off-mall strategy, with 13 locations out of a planned 25 already open. This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. However, Journeys still accounted for 56.3%

Location 175
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Product Cannibalization in Retail (Definition, Examples, Tips)

Retalon

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. These advanced analytics solutions generate a highly accurate demand forecast that has already accounted for product cannibalization. Seasonality.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. What is BOPIS?

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A Quick and Easy Guide to Multiple Store Planning

Retail Smart Guys

Well, this can be true if you are not using the right approach in handling multi-store accounts. There are numerous ways you can deal with this, one of which is the by-store location approach, which we at Retail Smart Guys have already been using in our retail services for over a decade.

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A Quick and Easy Guide to Multiple Store Planning

Retail Smart Guys

Well, this can be true if you are not using the right approach in handling multi-store accounts. There are numerous ways you can deal with this, one of which is the by-store location approach, which we at Retail Smart Guys have already been using in our retail services for over a decade.