Remove Accounting Remove Markdowns Remove Payment Services
article thumbnail

2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

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.

article thumbnail

Streamlining Retail Operations With Innovative Tech Solutions

365 Retail

Luckily, new technology offers solutions to streamline retail store operations, boost operational efficiency, and provide top-notch service. It even accounts for seasonal trends, promotions, and supplier lead times. To get started, hiring Kenyatta Computer Services or others should be at the top of your to-do list.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dollar General’s first quarter results beat analysts’ forecast

Mass Relators

“Our first quarter results exceeded our expectations, reflecting strong underlying performance across the business, which we believe was enhanced by the most recent round of government stimulus payment,” said chief executive officer Todd Vasos. Operating profit consequently gained 4.9% surge in the wake of the COVID-19 pandemic.

article thumbnail

Open to Buy Retail Planning Done Right

Retalon

There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat. This decision should align with the overall business strategy and operational focus.

article thumbnail

Open to Buy Retail Planning Done Right

Retalon

There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat. This decision should align with the overall business strategy and operational focus.

article thumbnail

AI and Retail Promotions: How to Hit Your Promotional Goals

Retalon

The math needed to account for these effects is hard enough. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end. Financing promotions can change a customer’s mental math.

article thumbnail

Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them.

Retalon

The math needed to account for these effects is hard enough. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end. Financing promotions can change a customer’s mental math.