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

Retalon

AUGUST 14, 2023

The goal is to weave these channels together seamlessly so customers can: Purchase online and return in-store Browse in-store and buy online later Have their data and shopping cart synced across all platforms Omnichannel retail delivers convenience, flexibility, and personalization to meet modern customer expectations.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Often minimizing markdowns in the process.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Wiser

JULY 19, 2017

The key to having a successful business is having the right products in the right place, at the right price, at the right time. On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management.

Marketing 84

Marketing Promotions Markdowns Advertising 84

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Emphasizing BOPIS.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

APRIL 27, 2021

It can analyze billions of data points and predict demand at a level of granularity that’s simply impossible to reach using Excel. Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

SEPTEMBER 22, 2021

BOPIS is the most common acronym you’ll see, but you may come across these other variations: BOPAC (Buy Online Pickup At Curb): Focuses on the outside handoff. Customers stay in their vehicles at designated parking spots, and employees bring their purchases out to the car. Customers can reserve an item from an online inventory.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

V Count

OCTOBER 5, 2022

Previously, customers used to shop for particular products at a variety of specialized stores. Additionally, to evaluate the overall health of the retail store, however, one looks at the net profit margin. This strategy looks at the perceived value of the retail product or service. Then, you’ll know what to charge.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

DECEMBER 8, 2021

This article will answer those questions while also looking at the best practices being used today, and how to pick the right order fulfillment model. It used to be that consumers mostly shopped at stores geographically close to them. How complicated is the returns process? What is order fulfillment? Why is this happening?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

SEPTEMBER 1, 2020

Guess wrong and you will run out of inventory, have too much inventory, or have the right inventory in the wrong place. The traditional approaches to estimating demand only hint at how a particular product will perform. Fixing the problem through stock rebalancing or price markdowns will be expensive.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores. – Inventory management.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores. – Inventory management.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

JULY 4, 2018

Based on the amount of retailers that have been forced to shut their doors in the last three years, there is a major shift that is moving through the retail industry at full force. So what’s the real challenge at hand? Buy in-store, return to another store (46%). Here’s the list of stores closing this year.).

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

AUGUST 5, 2020

Is the right product getting to the right place at the right time? But of the myriad options, what are the KPIs in retail that will truly drive profitability and make the best use of a retailer’s substantial inventory investment? Maintaining a healthy In-Stock Percentage at an efficient cost requires a unified approach to retailing.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). At best, they give you a dashboard of conditions right now. Merchants and inventory managers attended more co-planning meetings. The result?

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

DECEMBER 22, 2014

There are several important trends at play: 1. The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. The DCs and logistics functions provide inventory/supply chain data, as well as the procurement/purchasing department, e-commerce, and more. Super bowl in your city)?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

There are several important trends at play: 1. The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. The DCs and logistics functions provide inventory/supply chain data, as well as the procurement/purchasing department, e-commerce, and more. Super bowl in your city)?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32