Retalon

FEBRUARY 15, 2024

Retail analytics insights directly impact sales and customer loyalty by enabling more personalized shopping experiences and efficient inventory management. According to Itransition, predictive analytics leverages machine learning and statistical modeling to unveil patterns in customer behavior.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

To improve the shopping experience, tech-savvy retailers may use visitor identification technologies to better understand their customers’ browsing behaviors, profiles or invest in augmented reality dressing rooms, showcase the new collection of smart wearables, deploy self-checking counters and touchless payment options.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Retalon

AUGUST 22, 2023

How to Calculate GMROI = (Annual Gross Margin ÷ Average Inventory) x 100 To break this down: Gross Margin = Total Revenue – Cost of Goods Sold Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Benchmarks GMROI can vary widely depending on the retail sector: Overall, a GMROI of 2.0+ Anything under 1.0

Customer Retention 41

Customer Retention Returns Payment Services Promotions 41

Retalon

AUGUST 5, 2020

Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Inventory management teams calculate the In-Stock Percentage by dividing the number of stores that have a SKU in stock by the number of stores that should stock that SKU.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41