Retalon

FEBRUARY 10, 2022

Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. Indicators you’re managing bad inventory. Drastic Markdowns. Last minute markdowns that offload stock at a loss. A high cost of overstock management. Bad inventory is an expensive problem.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Inside Retail

AUGUST 25, 2022

Suppliers were going broke left, right and centre, so it was all about the efficient management of inventory. Some of your variable expenses like marketing come under scrutiny. But the biggest risk is buying and the efficient management of our working capital. Of course, we also had a very stringent focus on expenses.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Retalon

MARCH 7, 2022

Retail CIOs can use this special edition to advise the business areas on how to cut through market. 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.

Markdowns 41

Markdowns Inventory Management Accounting Promotions 41

Retalon

OCTOBER 24, 2023

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. In 2018 retail giant H&M disclosed that they had $4.3

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Unfortunately, approximations often lead to lost sales, drastic markdowns, and unfulfilled potential. Reduced markdowns.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

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 41

Markdowns Promotions Inventory Management Accounting 41

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. The post Dollar General’s first quarter results beat analysts’ forecast appeared first on MMR: Mass Market Retailers. GOODLETTSVILLE, Tenn. Dollar General Corp. million, or $2.82

Payment Services 52

Payment Services Markdowns Apparel Accounting 52

Retalon

FEBRUARY 14, 2022

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. In 2018 retail giant H&M disclosed that they had $4.3

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

OCTOBER 8, 2020

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. The way you manage the inventory investments for your stores, warehouses, and distribution centers determines your success as a retailer.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

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 41

Markdowns Inventory Management Accounting Management 41

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 41

Markdowns Inventory Management Accounting Management 41

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. Like Sears and Neiman Marcus, Forever 21 simply did not react to changes in the market fast enough.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. ERP software (MS Dynamics, Oracle,) Communications software (Slack, MS teams, Zoom, etc.)

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Bundled Pricing 41

Retalon

APRIL 27, 2021

Traditionally, retailers have treated forecasting, planning, pricing, inventory, and promotions (marketing) as completely separate domains, often with competing mandates. Promotions can increase foot traffic and sales of market basket items, while simultaneously cannibalizing sales from a variety of other SKUs.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

APRIL 21, 2021

And yet, failing to live up to consumer expectations can be just as deadly — especially when retail behemoths like Amazon are gobbling up market share. How do you account for returns to a drop shipping vendor? As such, initial fulfillment is only part of the puzzle for truly efficient order management.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

APRIL 14, 2021

Wide assortment breadth allows retailers to appeal to bigger demographics, but make it more difficult to appeal to more dedicated and loyal niche markets. Account for changing consumer behaviour and preferences. Best-in-class retailers gain a market advantage by creating effective assortment strategies.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

SEPTEMBER 1, 2020

Co-marketing funds you receive require investments in store merchandising and promotional campaigns. Fixing the problem through stock rebalancing or price markdowns will be expensive. Retailers need to also account for new products impacting the sales of other SKUs through product demand cannibalization.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

AUGUST 2, 2019

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. Merchants and inventory managers attended more co-planning meetings.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

Retalon

JANUARY 20, 2014

Retalon has helped businesses plan their operations, optimize prices and markdowns, and ensure efficiency in supply chain and inventory management processes. Incorporated in 2002, Retalon’s main goal is to bring accuracy for retail businesses by predicting future market conditions. FREMONT, Calif.–Nov About Retalon.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

MARCH 9, 2021

Introducing new products creates an exciting opportunity to attract new customers and reinforce your presence in the market. Low prices leave little room for promotions or end-of-lifecycle markdowns. No two markets are alike. Pricing for market penetration. Ten new product pricing strategies that work. Price skimming.

Bundled Pricing 41

Bundled Pricing Promotions Markdowns Advertising 41

Retalon

NOVEMBER 19, 2018

Are the current pricing and markdown strategies still the optimal ones based on the new forecast? And how can retailers determine and account for the shifts in demand that follow? Retalon’s solutions are built one unified platform to account for all factors influencing your business. What products might also see an uplift?

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

Are the current pricing and markdown strategies still the optimal ones based on the new forecast? And how can retailers determine and account for the shifts in demand that follow? Retalon’s solutions are built one unified platform to account for all factors influencing your business. What products might also see an uplift?

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

SEPTEMBER 13, 2015

For example, one retailer might want to manage their inventory better, so they would use KPIs like inventory to sales ratios or inventory integrity. This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. In-Stock Percent.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 11, 2020

In order to understand how to take full advantage of this new technology, we will first explain what demand forecasting actually is, the most common methods of demand forecasting in retail, key constraints that need to be accounted for, and modern examples of accurate demand forecasting. What is Demand Forecasting?

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Because retailers can’t afford to lose money because inventory purchases didn’t account for future promotions, business leaders imposed processes to keep everyone on the same page. Merchants and inventory managers attended more co-planning meetings. Demand forecasts.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

SEPTEMBER 23, 2020

Yet, despite these challenges, some traditional retailers are managing to grow year-over-year, shredding previous sales records time and time again. for any human to account for all of them manually. To effectively manage and organize their data, many businesses turn to Business Intelligence tools. Business Intelligence.

Accounting 47

Accounting Markdowns Management Inventory Management 47

Retalon

SEPTEMBER 13, 2015

For example, one retailer might want to manage their inventory better, so they would use KPIs like inventory to sales ratios or inventory integrity. This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. In-Stock Percent.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

For example, one retailer might want to manage their inventory better, so they would use KPIs like inventory to sales ratios or inventory integrity. This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. In-Stock Percent.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

DECEMBER 8, 2021

In today’s market, putting the right fulfillment system in place gets you a competitive edge. This includes everything from purchasing inventory to returns management. Purchase order management is often the first stumbling block to a smooth fulfillment process. The fact is that no two locations have the same product demand.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

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 52

Markdowns Promotions Retailing Pricing Accounting 52

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 52

Point of Sale Management Markdowns Accounting 52

Retalon

SEPTEMBER 22, 2021

Proving that choosing to implement BOPIS tangibly affects the market share a retailer has access to. Better inventory management and visibility. Retailers need better inventory management practices to conduct BOPIS operations but at the same time, BOPIS makes your inventory management better. Fuller baskets.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

AUGUST 16, 2019

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32