Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. This goes beyond inventory management to a much more comprehensive type of retail planning based on machine learning (ML) and AI.

Shopping 241

Shopping Consumer Planning Inventory Management 241

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. increase.

Merchant Services 242

Merchant Services Payment Services Promotions Location 242

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 172

Outdoor Markdowns Apparel Fulfillment 172

Inside Retail

FEBRUARY 26, 2024

From March 6 to April 20, the fashion label will open the Paul Smith Clubhouse at Nordstrom’s New York City flagship, a retail takeover that will include cocktails and bites in addition to apparel. Everything from hiring staff to ensuring inventory management is trialed and the ideal staff-to-customer engagement is tested.

Retail Trends 130

Retail Trends Department Stores Fashion Inventory Management 130

Inside Retail

JANUARY 23, 2022

According to the post, Amazon Style will offer women’s and men’s apparel, shoes and accessories from hundreds of popular and emerging brands, and include several innovative features, such as tailored, real-time recommendations. Amazon has not shared the names of any labels that it plans to carry in the store.

Department Stores 130

Department Stores Checkout Inventory Management Fashion 130

Wiser

APRIL 7, 2020

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

Markdowns 128

Markdowns Inventory Management Drop-Shipping Apparel 128

Retail TouchPoints

JANUARY 25, 2022

4) Think Big: Improve supply chain and inventory management. Act small: Add a feature to your website allowing customers to search inventory availability in local store locations. Building a roadmap and investing time in long-term planning is essential for advancement.

Management 249

Management Marketing Customer Experience Inventory Management 249

I Vend

JANUARY 13, 2022

Planned returns – the growth of online shopping has dramatically increased returns. Shoppers deliberately over-order, use their home as the changing room, and plan to return the sizes/colours they don’t want to keep. So what are the key things that retailers can do to ensure they’re managing returns efficiently?

Customer Experience 98

Customer Experience Returns Management Inventory Management 98

Retalon

AUGUST 22, 2023

A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold. For retailers, inventory turnover is a critical efficiency and profitability metric.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Small Biz Trends

JUNE 25, 2022

Trademarked Amazon US FBA Workout Apparel. This Trademarked Amazon US FBA Workout Apparel business generates 98% of its revenue from Amazon. The products are the highest quality in the category with an activewear brand utilizing a trade secret technology to offer unique workout apparel with only a 6% return rate.

Drop-Shipping 94

Drop-Shipping Apparel Finance Specialty Store 94

Inside Retail

OCTOBER 16, 2022

While the apparel sector is leading the adoption of RFID tags in Australia, Ramp is now seeing traction in the personal care sector, sporting goods, accessories, eyewear, and – more recently – liquor and furniture stores. It helps grows the sales, virtually eliminates loss and improves customer outcomes,” he said.

Customer Experience 147

Customer Experience Sporting Goods Inventory Management Management 147

Retail Times

MARCH 30, 2021

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Not ready for a full retail management solution? Consider creating an inventory management system in Excel. Poor management of people, processes, and technology. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Inside Retail

OCTOBER 11, 2023

The retail giant has since sold Bonobos to WHP Global and Express for $75 million, after paying $310 million for the apparel brand in 2017.) Bypassing intermediaries means brands control the trade margins through sales, marketing and inventory management.

Dead-Stock 130

Dead-Stock Consumer Kiosk Inventory Management 130

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. billion on clothing and fashion apparel (20 %), $2.4 A gility, connectivity and scalability are key to ChainDrive Jewelry Software retailers who rely on smart order management system to improve their operations and bottom-lines.

Jewelry 52

Jewelry Point of Sale Specialty Store Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. billion on clothing and fashion apparel (20 %), $2.4 A gility, connectivity and scalability are key to ChainDrive Jewelry Software retailers who rely on smart order management system to improve their operations and bottom-lines.

Jewelry 52

Jewelry Specialty Store Point of Sale Inventory Management 52

Independent Retailer

DECEMBER 9, 2022

Two different selling plans are offered, called Individual and Professional, and they are based on how many products you sell. The Individual plan costs $0.99 per sale, while sellers using the Professional plan pay $39.99 On top of these plan fees, you will also pay referral fees, which are a percentage of the selling price.

Payment Services 74

Payment Services Fulfillment Wholesale Shipping 74

Retalon

MAY 27, 2013

Follett Perfects Planning In A Volatile Sales Environment. A new software implementation is helping the world’s largest college bookstore operator to reduce out-of-stocks and to manage unique demand stimuli. Most retailers plan at the product level and allocate at the store level. By Matt Pillar.

Planning 32

Planning Inventory Management Management Apparel 32

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2020

They were planning to spend an average $196.31, a whopping 21% over previous record of $161.96. billion on clothing and fashion apparel (20 %), $2.4 A gility, connectivity and scalability are key to ChainDrive Jewelry Software retailers who rely on smart order management system to improve their operations and bottom-lines.

Jewelry 40

Jewelry Specialty Store Point of Sale Inventory Management 40

I Love Fashion

JANUARY 19, 2023

Fashion Digital Marketing Agency Planning to start clothing dropshipping online? Tasha Apparel Review The first one is a US-based largest clothing wholesale supplier for boutiques. New Yorker’s Apparel Review Looking for women’s clothing product suppliers for special occasions? For that, have a backup plan prepared.

Wholesale 40

Wholesale Merchant Services Fashion Payment Services 40

Retalon

JULY 15, 2019

Some shocking examples of overstock include Swedish apparel giant H&M , which reportedly amassed $4 billion worth of unsold clothing as of June 2018. 6. Buying and assortment planning. It’s a common problem that’s been going on for as long as retail has been a thing. Promotional Cannibalization). Know the ROI before you buy!

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

SEPTEMBER 11, 2020

Fashion and apparel retailers are also dealing with distribution of sizes, colors, and styles, all of which are complicated further by shifting seasonality. Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory.

Fashion 41

Fashion Markdowns Promotions Accounting 41

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

AI-driven apps for visual recognition are being used by followers to scan images and social media posts to dissect and identify each apparel worn by their favorite entertainer, sports athlete, etc. Inventory management and customized customer information will also benefit from these data-driven solutions.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 28, 2019

Categorize your styles – For apparel and shoe retailers, you can create your own categories based on the style of fashion or shoe. Even within retail sectors, you might fight different replenishment methods. ChainDrive allows you to select the replenishment method that is right for you retail store chain. You define the attributes.

Apparel 62

Apparel Management Fashion Inventory Management 62

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 28, 2019

Categorize your styles – For apparel and shoe retailers, you can create your own categories based on the style of fashion or shoe. Even within retail sectors, you might fight different replenishment methods. ChainDrive allows you to select the replenishment method that is right for you retail store chain. You define the attributes.

Apparel 40

Apparel Management Fashion Inventory Management 40

Retail Prophet

JULY 18, 2022

In 1956, after almost two decades of planning, McClean’s musings became reality got when he loaded 58 metal containers in Port Newark onto the S.S. The goals of the group may also include plans to regionalize a percentage of supply to provide a fallback position should a crisis arise. A huge saving of time and labor, he thought.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

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

DECEMBER 8, 2021

Many cope by using generalized approaches for allocation like category-level inventory management. At one end of the spectrum, fulfillment houses will take care of logistics by storing your inventory and shipping products to customers. Fulfillment models that work for apparel may not work as well for appliances.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

OCTOBER 18, 2013

You can plan to grow a business 10 percent but if predictive analytics models are not involved, if you don’t know what will be the changes in store structure, new products, cannibalization between products promotions and markdowns, this planning in again just a good intention that retailers would not necessarily be able to fulfill.

Markdowns 32

Markdowns Promotions Planning Accounting 32

Retail Geek

NOVEMBER 9, 2023

Scot: [0:50] Yeah yeah I think it’s a primal have to get one of our research analyst to work on the okay so we are recording this in early November as Jason said so at that critical part of the retail calendar all the plans are laid the discounts are on the table Cyber Monday.

Beauty and Health 64

Beauty and Health Returns Apparel Consumer 64

Retail Geek

JANUARY 20, 2023

Yes Shein exceeds $30B in annual sales, disrupting apparel industry Yes Adoption of BNPL services slows down to less than 15% CAGR in 2022. The AI for inventory management is super interesting like these models that are doing demand forecasting that are doing kind of.

Social Commerce 52

Social Commerce Fulfillment Drop-Shipping Loss Prevention 52