Retalon

MAY 10, 2024

At home, the gift budget may need to be significantly higher in December than in January to account for holidays. Anticipate the activities for the sales period: If you are aware of upcoming promotional activities, you’ll need to adjust to reflect demand accordingly. To learn more, check out our article on demand planning.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retail TouchPoints

FEBRUARY 2, 2022

I’m an avid runner so naturally I’ve made this analogy, and it’s a great one to describe to retailers who are mired in the minutiae of pricing — especially as the market fluctuates in year two of the pandemic while Amazon makes a different move to any SKU multiple times a day and the supply chain is riddled with hiccups in every link of the chain.

Retailing Pricing 220

Retailing Pricing Markdowns Accounting Outdoor 220

Retalon

JUNE 18, 2019

Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. These promotions must also fit within your overall promotional strategy which supports your company’s business goals.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

365 Retail

DECEMBER 3, 2021

DemandTec , a pioneer in retail price and promotion optimization technology, today launched Unify by DemandTec, the industry’s first autonomous unified merchandising platform for retailers. Successful retailers today require a complete view of the shopper across channels, powered by advanced AI and ML to win in the market.” .

Markdowns 52

Markdowns Promotions Retailing Pricing Accounting 52

Retalon

JUNE 18, 2019

Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them. Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. The math needed to account for these effects is hard enough.

Promotions 32

Promotions Markdowns Inventory Management Payment Services 32

Retalon

MARCH 7, 2022

Retail CIOs can use this special edition to advise the business areas on how to cut through market. 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 41

Markdowns Inventory Management Accounting Promotions 41

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. On top of having visibility across the business, retailers also need to account for all internal and external factors that affect pricing and demand.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. New products, moving holidays, new promotions, changes in demand, competition, vendor costs and other factors make last year’s sales data unreliable. Imagine a retailer runs a big promotion on a popular winter jacket brand.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

JUNE 10, 2020

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. Retailers who don’t account for these considerations often struggle with profitability. ultimately determine how profitable your business is.

Planning 41

Planning Markdowns Promotions Accounting 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

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . What channels do you promote through? Do you run promotions? Run a promotion last year that you don’t plan for this year? For example your assortment, operations, marketing, etc.). For instance, .

Fashion 41

Fashion Markdowns Promotions Accounting 41

M19 Retail

MARCH 17, 2021

Mi9 is committed to extending our market-leading merchandise management platform with modern, mobile capabilities that help store associates access and maintain real-time inventory levels,” said Neil Moses, Mi9 Retail CEO. About Mi9 Retail.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

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

Wiser

SEPTEMBER 22, 2020

Six-X pricing: the full cost of the item (sales, advertising, distribution, and administration expense of direct marketing) multiplied by six. The product is offered at this price consistently and it can help win market share. The particular formula you will follow is: (Price or Average of Prices) x (1 + your markup or markdown rate).

Advertising 148

Advertising Markdowns Marketing Promotions 148

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. Why invest in pricing and promotions?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. Online sales now account for more than 20% of total retail sales.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

OCTOBER 8, 2020

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

DECEMBER 17, 2021

This creates internal competition between products instead of pulling customers, revenue and market share from the retail businesses’ external competitors. The overstocks of cannibalized products taking up shelf space force retailers into unplanned promotions and end-of-season markdowns to clear the excess inventory.

Markdowns 41

Markdowns Promotions Consumer Fashion 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. It wasn’t until a little over 10 years after Zara showed up in America did H&M open its first store 2000.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

SEPTEMBER 1, 2020

Without historical data to draw upon, how do you predict the best way to allocate them to stores, pricing, promotional demand, and balance online versus in-store sales? Co-marketing funds you receive require investments in store merchandising and promotional campaigns. – all costly mistakes.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

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.

Bundled Pricing 41

Bundled Pricing Promotions Markdowns Advertising 41

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand. Key Takeaways.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Wiser

OCTOBER 3, 2017

Using the collected data, you’re able to compare prices and see when your competitors ran promotions and sales. Additionally, the market trend insights allow you to make smart, real-time decisions to outperform competitors. The goal of competitive price analysis is to compare where your price sits in comparison to the market.

Markdowns 47

Markdowns Promotions Marketing Accounting 47

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand. Key Takeaways.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. The problem stems from business intelligence, buyer intuition, or company targets lacking the ability to account for all factors that affect demand. Key Takeaways.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 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

SEPTEMBER 13, 2015

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 3, 2020

There are several different approaches that companies take to measuring GMROI, each based on the nuances of their unique internal accounting systems. This is because retailers incur many different types of costs, month-to-month: Real estate Storage Labour Transportation Marketing etc. its purpose should still be the same.

Returns 41

Returns Accounting Fulfillment Markdowns 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. How will a promotion during a seasonal peak affect the uplift in demand?

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). How will a promotion during a seasonal peak affect the uplift in demand? 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.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

JANUARY 20, 2014

This annual list of companies is selected by a panel of experts and members of CIO Review’s editorial board to recognize and promote technology entrepreneurship. Retalon has helped businesses plan their operations, optimize prices and markdowns, and ensure efficiency in supply chain and inventory management processes. About Retalon.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

NOVEMBER 2, 2021

In fact, they are actually benefiting on many fronts, including increased GMROI, improved brand image, and more market share. If losing money on easily solvable issues was not enough, retailers are struggling to hold on to market share as consumers choose a value-driven shopping experience.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

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? When not accounted for, this behaviour can lead to massive overstocks and unnecessary markdowns.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 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