Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Analytics Purpose Built for Fashion.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . How do you handle returns? Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns.

Fashion 41

Fashion Markdowns Promotions Accounting 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

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. 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

FEBRUARY 10, 2022

Drastic Markdowns. Last minute markdowns that offload stock at a loss. Inventory storage, overstock management, ROI lost to markdowns, even lost sales due to stockouts, are all tangible costs of bad inventory. Accounting for all relevant factors requires advanced mathematics and powerful computing. .

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

SEPTEMBER 3, 2020

As such, the GMROI formula is used to evaluate how successful retailers are in getting a return on their inventory. You may already be familiar with the term Return on Investment or ROI. Traditionally, return on investment measures how much profit you get when you invest a dollar. What is GMROI? How is GMROI calculated?

Returns 41

Returns Accounting Fulfillment Markdowns 41

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? Retail IT Investment is a Smart Move.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 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. Deep assortments can appeal to a smaller, more passionate customer base that spends more and returns regularly. Account for changing consumer behaviour and preferences.

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

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

DECEMBER 8, 2021

In today’s market, putting the right fulfillment system in place gets you a competitive edge. How complicated is the returns process? This includes everything from purchasing inventory to returns management. An accurate forecast must account for how relevant factors will affect each SKU at the store level.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

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

POS data (sales, returns, etc.). 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. Inventory levels (store, warehouse, distribution centers).

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

SEPTEMBER 22, 2021

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers are able to view the item before purchase, minimizing returns. Payment, return, and exchange policies. How does BOPIS work?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

JULY 4, 2018

These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. Buy in-store, return to another store (46%). If there is one constant in retail is that nothing ever stays the same.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory? Super bowl in your city)?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory? Super bowl in your city)?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32