Remove Advertising Remove Consumer Remove Inventory Management Remove Markdowns
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7 Tips for Wholesale Inventory Management

Independent Retailer

consumers have been pulling back on clothing and durable goods as soaring inflation raises the cost of food and basic items. Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . Offer Promotions & Product Markdowns. Donate Excess Inventory.

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Mi9 Retail and Planalytics Partner to Improve Demand Forecasting Accuracy and Increase Profitability for Retailers by Incorporating Weather Analytics

M19 Retail

Planalytics provides businesses with visibility into this critical demand information with metrics that isolate and quantify weather-based shifts in consumer purchasing. Up to 70 basis points of additional profit due to increased sales and reduced inventory costs (e.g. carrying costs, markdowns, shrink, etc.). About Planalytics.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

Consumer expectations have evolved in the digital age, and retailers are now offering a multitude of flexible order delivery methods such as “Buy online, pick up in-store”, “curbside pickup”, “order in store, deliver home” and more. So how can retailers offer these options to consumers while lowering their costs?

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How to Create a Seamless Relationship Between Marketing and Merchandising

Wiser

On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management. The 4 P’s start with the right products available for the consumer to purchase. Assortment.

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12 Critical Retail Industry Performance Metrics (2020)

Retalon

Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. This avoids markdowns that cut into profit margins.