Retalon

JANUARY 6, 2021

An effective replenishment plan will drive profit. There is an age old saying, and it goes like this: “you don’t plan to fail, you fail to plan.” ” And what can be easier than planning replenishment? All you need to do is plan to replenish the products that you sell out of.

Planning 41

Planning Markdowns Accounting Shipping 41

Retalon

FEBRUARY 24, 2022

Open to buy (OTB) planning lets you control inventory and stay cash flow positive. 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.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Retalon

FEBRUARY 15, 2022

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. 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. 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. . That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. What channels do you promote through?

Fashion 41

Fashion Markdowns Promotions Accounting 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

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

Retalon

NOVEMBER 11, 2021

Advanced analytics technology can create accurate demand forecasts that lead to better retail planning. As a result, retailers are able to optimize their inventory across all channels and locations to avoid potential lost sales and unnecessary markdowns. 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. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. Carefully planned, this effect can maximize sales and profits by redirecting demand. Planning for cannibalization is easier said than done.

Markdowns 41

Markdowns Promotions Fashion Consumer 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 result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

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

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 result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand.

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 result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Plan before buying your inventory- Use your data to determine what you should order. It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. These items need to be replaced and either returned to the vendor or donated.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Indigo 9 Digital

FEBRUARY 28, 2023

Both of these stars have been seen modelling Fashion Nova clothing on their own Instagram accounts and Cardi B also has her own Fashion Nova clothing line. Inditex, Zara’s parent company planned to close up to 1,200 stores by the end of 2022 and open 450 new stores. By 2018 Forever 21’s online sales were only 16% of total sales.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

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. Demand Forecast vs. Demand Plan.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

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. Meeting sales demand has always been challenging, effective replenishment should mitigate issues that arise from poor planning and allocation. Which strategy is right for you?

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans.

Location 41

Location Inventory Management Markdowns 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

JUNE 22, 2020

New products, seasonal peaks, price changes, promotions, competition, moving holidays and dozens of other factors that influence your business make it impossible to simply rely on what happened this time last year.

Merchant Services 41

Merchant Services Markdowns Promotions Location 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

APRIL 21, 2021

This means that optimizing your fulfillment across all channels requires building a holistic process that takes your specific company policies and labour considerations into account, while still finding the cheapest and fastest method for fulfilling omnichannel orders (while keeping your customers happy) — for every order.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). How will a promotion during a seasonal peak affect the uplift in demand? Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. POS data (sales, returns, etc.). Demand forecasts.

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.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

JUNE 29, 2013

Most retailers begin by creating a plan based on the big picture of their business process, and then they purchase the inventory, and allocate it to stores from the DC. For Example: When products don’t sell well at specific stores, retailers are forced to markdown inventory in order to clear the inventory.

Inventory Management 32

Inventory Management Management Markdowns Fulfillment 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

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

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

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. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

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. A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

AUGUST 16, 2019

You can better plan for stocking of inventory at warehouses and retail locations and optimize the fulfillment process for online and mobile orders. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. Also, you really can’t avoid the question of competition.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

You can better plan for stocking of inventory at warehouses and retail locations and optimize the fulfillment process for online and mobile orders. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. Also, you really can’t avoid the question of competition.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

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

SEPTEMBER 16, 2021

Clearly retailers cannot base their price and promotion strategies this year solely on the experience of prior seasons. The result can be costly post-season markdown events that leave retailers stuck with short-life seasonal items that necessitate steep marks or even complete write-offs. Cross-Item Effects at Your Fingertips.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Retalon

SEPTEMBER 23, 2020

for any human to account for all of them manually. Thus, in order to accurately forecast the future and account for the most important correlations, retail predictive analytics must use a combination of AI, advanced mathematics, and intelligent automation. Promotions and inventory management).

Accounting 47

Accounting Markdowns Management Inventory Management 47

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