article thumbnail

Miniso’s “good quality with low price” mantra takes off in Southeast Asia

Inside Retail

“The dedicated toy section allows every Miniso customer to experience the immense fun and joy brought about by our toys, while enjoying the treasure hunt shopping experience in our store,” said Vincent Huang, VP of the international business department at Miniso in a statement. Expansion plans. An eclectic design team.

article thumbnail

7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

So, a retailer who wants to gain the competitive edge while avoiding undue losses, needs to be able to spot the indicators of bad inventory and know how to fix them at the root. What is bad inventory called? What is bad inventory called day-to-day? Indicators you’re managing bad inventory. Drastic Markdowns.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Top Inventory Management Techniques and Best Practices

RETAIL MANAGEMENT SOFTWARE

Tracking your inventory will provide you with the data necessary for these insights. 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. Plan before buying your inventory- Use your data to determine what you should order.

article thumbnail

Taking the Mystery Out of Markdowns

Retail Adventures

Just because you fell in love with that item when you saw it at the last trade show you attended it doesn’t guarantee it will sell once it hits your sales floor. Let’s take a look at the things you can do to move merchandise that isn’t selling: What’s your turn? To improve your turn rate you must closely control your inventory.

article thumbnail

How to Revolutionize Inventory Management

Independent Retailer

Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy. Disruption at the early stages goes unseen, and businesses do not feel the consequences until there are empty spaces where products should be. years, on average. .

article thumbnail

5 Good Reasons Your Gas Station Should Leverage People Counters

V Count

Opting for people counting and combining this data with other solutions will help you drive more business than ever and take the next step in ensuring customers return to your establishment. Combining your store’s people counting information with your POS system’s data will show you what items at your stores sell the most and which aren’t.

article thumbnail

Understanding Furniture Inventory Management Software in 2023

Retalon

Key capabilities include: Demand forecasting and modeling Recommendations for optimal stock levels Alerts for low stocks or slow-moving items Historical sales analysis Supply chain performance analytics In essence, the software acts like a command center for your inventory.