Retalon

FEBRUARY 5, 2025

Without data-driven insights, staying competitive in the face of such rapid fulfillment speeds and vast product offerings becomes nearly impossible. The retailer will only see this issue using historical sales data after one or more sales periods have passed and they begin to look at historical sales data. billion in 2024 to $4.92

Planning

Retail TouchPoints

OCTOBER 3, 2023

By my recollection, the world of flexible fulfillment hit an inflection point about 15 years ago. It was at that point that putting the technology and operations in place to fulfill from an increasingly complex supply chain network embarked upon its next frontier. Let’s start with demand forecasting and inventory deployment.

Fulfillment

Retail TouchPoints

NOVEMBER 29, 2022

stores, to distribution center-based fulfillment of large items like riding mowers, grills and furniture. The retailer’s legacy distribution model had stores operating as nodes in the fulfillment process. Lowe’s has converted eight of its regions, covering more than half its nearly 1,800 U.S.

Fulfillment

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns

Retail TouchPoints

AUGUST 13, 2024

This process ensures harmony between AI capabilities and human expertise, laying a strong foundation for sustained AI adoption and operational excellence across key retail areas including content marketing, customer support and fulfillment. Let’s take a look at how this progression works in several areas of the retail organization.

Markdowns

Retail TouchPoints

NOVEMBER 25, 2020

At Mejuri, we view data as a strategic asset, especially when it helps us create more compelling customer experiences,” said Majed Masad, COO at Mejuri in an interview with Retail TouchPoints. SoundProfit 360 collects and processes revenue and cost data in real time from every system across the enterprise,” explained Best. “It

Markdowns

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

Retail TouchPoints

MARCH 14, 2023

That means online retailers in particular should be on the lookout for ways to minimize the costs returns incur as well as the number of returned items that come in , since minimizing markdowns during a tough economic climate is one area where return minimization strategies can have an impact on the retailer’s bottom line. “

Returns

Retail TouchPoints

OCTOBER 15, 2021

According to Edited, the total number of consumers deemed “plus-sized” is set to grow at twice the rate of the rest of the market. Edited’s data points to a severe gap in the market creating a feeling of “otherness” among a significant consumer base that has an expanding share of wallet, according to Kayla Marci, Market Analyst at Edited.

Consumer

Inside Retail

JUNE 1, 2021

Seskin, whose father, JD Sports Australia chairman Hilton Seskin, is a strategic advisor to TheDOM.com, declined to name the brands that will be available at launch, but said the team has been “hand-picking” the ones it wants to work with. “We’ve Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer

Retail TouchPoints

FEBRUARY 12, 2021

Let’s take a closer look at the reasons why RFID has been thriving — past, present and future — including how it will continue to play a supporting role in a post-COVID-19 world, and how it shows promising signs of supporting and integrating with emerging technology. RFID can raise inventory visibility up to 99%. RFID and Beyond.

Fulfillment

Retail TouchPoints

SEPTEMBER 8, 2023

At the same time, many retailers are reporting higher and higher shipping costs, which are affecting profits on their balance sheets. And although omnichannel fulfillment is growing in importance, they still want to drive offline sales and bring people into the store, while also minimizing the impact of shipping costs on their bottom line.

Merchant Services

Retail Minded

FEBRUARY 24, 2022

As ecommerce continues to boom, it has reinforced the need for retail brands to strengthen their online fulfilment and shorten click-to-customer cycle times. That worked great when you knew the demand to fulfil ahead of time. Fulfilment processes in the warehouse need to be flexible. The root of the matter remains simple.

Fulfillment

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. What can retailers do to eliminate or at least minimize these?

Drop-Shipping

Inside Retail

OCTOBER 25, 2022

Another is markdowns. Ramp up their fulfilment capacity and use them as mini distribution centres. But with Ship from Store you can fulfil online orders from your entire pool of inventory, enabling you to sell more at higher margins, deliver faster and get more value from your in-store inventory – while also mitigating risk.

Markdowns

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns

Retail TouchPoints

SEPTEMBER 29, 2022

But operating sustainably isn’t just about meeting consumer expectations — there are industry and business practices to fulfil too. Here, we look at some of the initiatives — transparent sourcing, greater demand forecasting, recommerce and sustainable packaging — retailers are using to be more sustainable. Transparent sourcing.

Fast Fashion

Retail TouchPoints

JULY 31, 2023

alone at $100 billion. We expect this to continue to improve and thankfully many of the issues are targeted at specific products and not as systemic as they have been during the last three years,” according to the report. While a problem across the U.S., IHL estimates the cost of ORC in the U.S.

Markdowns

Retail TouchPoints

NOVEMBER 8, 2022

Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. This often gets the item back to the retailer in a quick enough turnaround to resell the items at the same price, avoiding margin loss. Use Tech to Augment the Customer Experience.

Returns

Retail Smart Guys

JANUARY 16, 2025

Key Benefits of Inventory Management Boosts Sales and Profitability : Prevents lost sales due to out-of-stock items and reduces markdowns from overstocked goods. Supports Compliance : Proper documentation fulfills regulatory requirements and reduces risks. Reduce markdowns and boost profits.

Inventory Management

Retail TouchPoints

JUNE 26, 2023

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. alongside a large QR code.

Merchant Services

Inside Retail

JULY 6, 2022

The resulting improvements to demand forecasting and other supply chain issues provide greater supply chain visibility, which leads to space optimisation and more accurate strategies for stock allocation, workforce deployment, and promotion and markdown management.

Planning

Inside Retail

FEBRUARY 25, 2025

Ultimately, thats about leveraging AI driven offerings to unlock sharper, faster, more cost-effective approaches to managing critical back-end processes like demand forecasting, pricing, inventory control and fulfilment. The key, he said, is to empower technology and let go. That agility is critical to staying ahead.

Markdowns

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns

Retalon

DECEMBER 8, 2021

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In today’s market, putting the right fulfillment system in place gets you a competitive edge. What is order fulfillment?

Fulfillment

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that no matter where the customer purchases the product they should be able to receive it very quickly at a minimum cost to them, and to the retailer. How do you build a smart fulfillment strategy?

Fulfillment

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that no matter where the customer purchases the product they should be able to receive it very quickly at a minimum cost to them, and to the retailer. How do you build a smart fulfillment strategy?

Fulfillment

Retalon

NOVEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that no matter where the customer purchases the product they should be able to receive it very quickly at a minimum cost to them, and to the retailer. How do you build a smart fulfillment strategy?

Fulfillment

Mass Relators

MARCH 5, 2024

Target said it maintained appropriate inventory levels by category throughout the year, resulting in lower markdown rates, more effective operations, and stronger in-stock measures compared with 2022. The company’s efficiency efforts delivered savings of more than $500 million in 2023, and cash from operations more than doubled from $4.0

Markdowns

Retail Assist

APRIL 14, 2021

Stock replenishment is a standard retail practice, to ensure that the right products are in the best place, at the optimum quantity. Performance at SKU/Site level is automatically reviewed and ideal stock levels can be increased or decreased accordingly, enabling more full price items to be sold. Stock Replenishment Definition.

Markdowns

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Use and analyze the past seasonal orders to determine how to price products- By using the data, look at previous seasons to guide your pricing decisions. Instead of simply repeating the same quantities, look at which products were the best and worst sellers and order accordingly.

Inventory Management

Mass Relators

AUGUST 17, 2022

Traffic at Target’s stores and on its website increased 2.7% More than 95% of sales in the quarter were fulfilled by Target stores. Profits were squeezed by markdowns on the inventory glut as well as higher transportation costs, including the addition of workers at distribution centers to handle the glut. billion, a 3.4%

Markdowns

Retail Assist

JUNE 22, 2023

Whether it's e-commerce platforms, customer engagement solutions, fulfilment partners, marketplaces, or business intelligence tools, Merret Pro has you covered. Optimised Inventory Management With Merret Pro's real-time inventory data, you can ensure that the right products are available in the right place at the right time.

Payment Services

Mass Relators

MAY 30, 2024

Dollar General reported gross profit as a percentage of net sales at 30.2%, down from 31.6% a year earlier, with the result hurt by higher markdowns and an increase in inventory lost or damaged due to theft, breakage or other factors. Per-share profit was $1.65, compared with expectations of $1.57. “We

Markdowns

Indigo 9 Digital

SEPTEMBER 1, 2022

representing the fastest growth in at least a decade and sales so far this year have been strong. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer’s revenues last year were up 21.5% respectively.

Drop-Shipping

Retalon

FEBRUARY 15, 2022

Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Let’s take a look at what those are.

Markdowns

Retalon

NOVEMBER 11, 2021

In addition, retail giants like Amazon have conditioned today’s consumers to want simple and efficient order fulfillment options, fast delivery and a wide range of product options. Advanced analytics tools can pinpoint demand for a specific SKU at a specific location or channel. Why invest in fulfillment technology?

Fulfillment