Wiser

NOVEMBER 29, 2023

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. These two promotional strategies, while aiming to stimulate demand and increase sales, target distinct audiences and employ different methods. What is Trade Promotion?

Promotions 146

Promotions Consumer Wholesale Advertising 146

Independent Retailer

DECEMBER 23, 2022

Offer Promotions & Product Markdowns. This is not a bad option if you plan to keep a long-term relationship. Offer Promotions & Product Markdowns. Let your customers know through social media and promotions and turn this act into a larger campaign and get them involved. Donate Excess Inventory.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Wiser

APRIL 13, 2021

There are times when you want to switch up prices more often, such as a promotional period or holiday season. It’s viable for your own website because you have fewer restrictions from the marketplace and more digital real estate to advertise, promote, and explain your strategy. Turn to Markdowns and Promotions.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

Wiser

AUGUST 25, 2020

Log on to social media, buy advertisements, post notes on your door, and spread the word that you’re coming back. Make sure everyone knows the plan—and is able to execute that plan—to ensure that you’ve got merchandiser support when you need it. 4: Use Promotions and Markdowns to Move Seasonal Inventory.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Retail Adventures

JANUARY 1, 2024

Discuss products, policies, promotions – anything store associates need to know that day. Don’t wait too long to take a markdown. Use your bag stuffers to advertise specific product, events or whatever is important that particular week. Do not confuse a major event with something that takes a long time to plan.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retalon

SEPTEMBER 11, 2020

For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. Demand Forecast vs. Demand Plan. People often use demand planning and demand forecasting interchangeably. Sales Forecast vs. Demand Forecast.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

APRIL 21, 2021

By shifting the consumer focus to BOPIS (advertising campaigns, incentives, etc.), Because this allows retailers to not only be prepared to fulfill orders for every channel but also to optimize each order for cost — this approach allows retailers to improve customer experience, maximize sales, and minimize markdowns.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41