Remove Apparel Remove Location Remove Markdowns Remove Planning
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Open to Buy Retail Planning Done Right

Retalon

If you have ever planned a family budget, you will easily understand Open to Buy (OTB). There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat.

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Open to Buy Retail Planning Done Right

Retalon

If you have ever planned a family budget, you will easily understand Open to Buy (OTB). There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat.

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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

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5 Key Questions to Improve Your Assortment Plans (2021)

Retalon

Critical Considerations for Retail Assortment Plans. A retailer’s assortment planning process can make or break their selling season (or even their entire fiscal year). But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. What is assortment planning?

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Dollar General posts net sales gain in Q4

Mass Relators

In addition, during the year, we completed the initial rollout of DG Fresh, executed more than 2,900 real estate projects, including the opening of our 18,000th store and 50 standalone pOpshelf locations, and launched new initiatives focused on health and international expansion.”. Same-store sales decreased 1.4% Same-store sales decreased 2.8%

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Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

But in 2020 Marks & Spencer opened up its website to outside apparel brands. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer plans to lean more into its food offerings in the future. Bringing in more third party brands.

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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

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.