Retalon

FEBRUARY 5, 2025

Unlike traditional methods, which rely heavily on static historical data, predictive analytics uses advanced modeling to account for current and future trends, external variables, and market shifts. learn more… Fewer Markdowns Minimize profit loss from excess inventory.

Planning

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Specifically, bot operators continue to siphon retailer profits with increasingly sophisticated automated threats — including account takeover, web and API scraping and more. Bad Bots are Siphoning Profits.

Merchant Services

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.

Markdowns

Retail TouchPoints

SEPTEMBER 29, 2022

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Take for example Ingka Group , a strategic partner in the IKEA franchisee system, which acquired approximately 60,000 acres of forestland in Oklahoma and Texas to boost its responsible forest management. A Starting Point.

Fast Fashion

Retail TouchPoints

FEBRUARY 2, 2022

Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown). This is your starting point and your job is to build up and improve it.

Retailing Pricing

Retail TouchPoints

OCTOBER 15, 2021

Products that are sized 18 and above and available in the UK only account for 14% of the total market. There is no standardization across the industry and inconsistent sizing leads to markdowns and returns. Furthermore, products sized 0-10 make up the same share as products sized 12-18, despite the plus-sized market growing steadily.

Consumer

Cisco Retail

MAY 20, 2022

The goal here will be to manage Deployments in a Kubernetes cluster using commands entered into a Webex room. In this case, I’ve set up a new Bot called Kubernetes Deployment Manager , but you can use your existing Bot if you like. Our Service Account and Role. Architecture. Our Kubernetes Resources.

Management

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Inventory management best practices enable you to run your business most effectively and profitably.

Inventory Management

Retail Focus

FEBRUARY 17, 2022

With 330 bricks-and-mortar stores globally, its digital fashion offering, available in both the UK and US, has experienced fast-growth, and now accounts for 40% of its sales. “Pacsun wanted to proactively manage the costs created by the increase in our online sales,” said Mike Relich, Co-CEO of Pacsun. “By

Markdowns

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton. They also need clarity around what they need to do.

Loss Prevention

Inside Retail

AUGUST 25, 2022

Suppliers were going broke left, right and centre, so it was all about the efficient management of inventory. But the biggest risk is buying and the efficient management of our working capital. Of course, you also have to manage costs, but that’s always important. We also had a forensic focus on our inventory stock turn.

Drop-Shipping

M19 Retail

APRIL 14, 2021

The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. This complexity requires more planning effort than only large data analysis and algorithms using artificial intelligence can help manage.

Point of Sale

Retalon

NOVEMBER 20, 2020

Price optimization and price management are terms that often are used interchangeably, but they are not the same thing. When used properly, both price management and price optimization can substantially affect a retailer’s profitability. You cannot optimize prices without managing them, however.

Management

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA).

Inventory Management

Retalon

JUNE 29, 2013

In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. For Example: When products don’t sell well at specific stores, retailers are forced to markdown inventory in order to clear the inventory. Originally Published on PA Times. However, not all solutions are equal.

Inventory Management

365 Retail

FEBRUARY 17, 2022

With 330 bricks-and-mortar stores globally, its digital fashion offering, available in both the UK and US, has experienced fast-growth, and now accounts for 40% of its sales. “Pacsun wanted to proactively manage the costs created by the increase in our online sales,” said Mike Relich, Co-CEO of Pacsun. “By

Markdowns

Retail Gazette

MARCH 11, 2024

to £288.6m, which it attributed to the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. to £1.15bn due to price increases, however EBITDA plunged 37.2% to £124.1m and operating profit before exceptionals spiralled almost 80% to £18.7m.

Markdowns

365 Retail

DECEMBER 3, 2021

Unify by DemandTec includes four initial applications, available together as a platform or separately: 1) DemandTec Autonomous Pricing, 2) DemandTec Autonomous Promotions, 3) DemandTec Autonomous Markdowns, and 4) DemandTec Autonomous Collaboration. Unify by DemandTec is the first of its kind.

Markdowns

Retail Gazette

MARCH 11, 2024

According to recent Companies House filings, the retailer said its board took “decisive actions” to manage the impact of Covid-19 on the business by significantly reducing costs and enhancing liquidity. in its second quarter, with sales up 0.8% in its second quarter, with sales up 0.8%

Markdowns

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Account for more variables in your seasonal merchandise planning. This is most obvious when a promotion doesn’t take inventory into account.

Markdowns

Retalon

JANUARY 17, 2022

Granted, many retailers have developed pricing strategies that account for multiple factors affecting product price, such as; Production and distribution costs Competitor pricing Revenue goals. So, it came as no surprise when Gartner reported an increasing number of retailers are looking to invest in price management analytics solutions.

Retailing Pricing

Retalon

FEBRUARY 24, 2022

Other benefits of OTB management include: More flexible inventory. Fewer markdowns. Essentially, OTB is a purchasing plan which takes into account current inventory levels and projected sales for a set time period. Where you expect to finish is your closing inventory plus your planned sales and markdowns. OTB management.

Markdowns

Retalon

MARCH 7, 2022

Retalon, a Toronto-based retail AI company, has been recognized for advancing retail technology in supply chain and merchandising in 2022. Retail Today considered nearly 7,000 nominees for these awards. “Retail CIO Radar 2022 helps CIOs and Retail business leaders to stay on top of the latest innovations.

Markdowns

Retalon

JUNE 10, 2020

Pricing right is the fastest and most effective way for managers to increase profits.” ( McKinsey & Company ). may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success.

Planning

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory. For instance, many retailers run promotions while lacking integration between promotion and inventory management processes. Your business changes year to year.

Fashion

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. Enter smart inventory management systems. Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. Read on for more insight! But how do they work?

Payment Services

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Unfortunately, approximations often lead to lost sales, drastic markdowns, and unfulfilled potential. Identifying and accounting for relevant factors.

Markdowns

Mass Relators

JUNE 21, 2021

got off to a fast start in fiscal 2021, as top- and bottom-line results for the first quarter exceeded the expectations of both management and Wall Street. GOODLETTSVILLE, Tenn. Dollar General Corp. Net income for the quarter ended April 30 increased 4.2% million, or $2.82 per diluted share, well ahead of the consensus estimate of $2.19

Markdowns

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. At home, the gift budget may need to be significantly higher in December than in January to account for holidays. Managing inventory levels is key to reducing carrying costs. Decide at which level the budget will be set.

Planning

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. At home, the gift budget may need to be significantly higher in December than in January to account for holidays. Managing inventory levels is key to reducing carrying costs. Decide at which level the budget will be set.

Planning

Retalon

FEBRUARY 21, 2025

To build an optimal assortment, retailers can employ AI-driven Assortment Planning tools , which enable planning at the most granular levels while accounting for all the factors that may impact product demand. The demand prediction is automatically adjusted to account for the real-world sales that are occurring. Yes, its possible.

Markdowns

Indigo 9 Digital

FEBRUARY 28, 2023

Source: Bloomberg "[Forever 21] has lost much of the excitement and oomph which is critical to driving footfall and sales and is now something of an also-ran which is too easily overlooked," said Neil Saunders, the managing director of GlobalData Retail. An inability to leverage social media effectively. Large stores are inherently risky.

Fast Fashion

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. Most commonly, retailers use geographical clusters to better account for demographics, distribution cost, climate, and other relevant factors to their business.

Markdowns

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period. What is replenishment? What is replenishment stock?

Inventory Management

Retail Dive

JULY 25, 2025

What you may have missed Sleep Number’s CFO exits Sleep Number’s CFO and Principal Accounting Officer Francis Lee stepped down from the role and Bob Ryder has been named the company’s interim chief financial officer, effective as of Monday. From Yankee Candle’s brand refresh to Chili’s booth boots, here’s our closeout for the week.

Markdowns

Retalon

JULY 28, 2021

Simply put, seasonal demand forecasting is a type of advanced demand forecasting that takes into account the many complex variables of predicting the performance of seasonal products (non-evergreen products). Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.

Markdowns

Retalon

JULY 28, 2021

Simply put, seasonal demand forecasting is a type of advanced demand forecasting that takes into account the many complex variables of predicting the performance of seasonal products (non-evergreen products). Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.

Markdowns