Retail TouchPoints

MARCH 3, 2023

at its flagship banner and up 5.8% at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. at its flagship banner and up 5.8% Beauty sales were a bright point at both businesses. during Q4, but they were up 0.6%

Markdowns 291

Markdowns Operating Expenses Department Stores Planning 291

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. Retailer Plans to Use Solution Across Multiple Channels.

Markdowns 196

Markdowns Fulfillment Shipping Marketing Spend 196

Retail Smart Guys

SEPTEMBER 2, 2022

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Proper inventory levels in all classes, at all locations, are ensured.

Planning 40

Planning Markdowns Inventory Management Location 40

Retail Smart Guys

DECEMBER 11, 2023

As someone deeply immersed in the world of retail, I’ve witnessed firsthand the transformative power of Merchandise Planning and Open-To-Buy, especially when executed with precision and done right. At Retail Smart Guys , we make sure our services empower our clients to grow strategically.

Markdowns 52

Markdowns Inventory Management Planning Location 52

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. You are optimising the value of that product by discounting at the right time, rather than too early.”

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retalon

AUGUST 22, 2023

Retail merchandise planning is the strategic process retailers use to determine what products to stock, in what quantities, and where to allocate inventory across stores and e-commerce channels. With shifting consumer trends and preferences, retailers need agile planning approaches that can pivot to align with changing times.

Planning 41

Planning Merchant Services Markdowns Consumer 41

Retalon

JANUARY 6, 2021

An effective replenishment plan will drive profit. There is an age old saying, and it goes like this: “you don’t plan to fail, you fail to plan.” ” And what can be easier than planning replenishment? All you need to do is plan to replenish the products that you sell out of.

Planning 41

Planning Markdowns Accounting Shipping 41

Retail TouchPoints

FEBRUARY 2, 2022

Many retailers are worried that they don’t have all the data at their fingertips, like product data, customer data, transactional data, when items sold, on what device and more. Everyone starts somewhere, and it’s OK wherever you are at in your data journey. Begin with what you have and build a plan to fill in the gaps.

Retailing Pricing 236

Retailing Pricing Markdowns Accounting Outdoor 236

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. What is inventory balancing? Why isn’t the current method working?

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand.

Markdowns 41

Markdowns Promotions Accounting Planning 41

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. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. And don’t forget the shopper looking for that end-of-season deal.

Markdowns 269

Markdowns Retailing Pricing Promotions Fulfillment 269

Retalon

FEBRUARY 15, 2022

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. Let’s take a look at what those are. Inventory/supply chain.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retail Adventures

JUNE 4, 2020

The COVID-19 shutdown put retailers at a disadvantage and now everyone is playing catch up. Here are some of the areas to keep at the top of your To-Do List: You have Two Stores Now. Remember, if you run an event in your physical location carry that same event over to online store as well. Be Prepared for Markdowns.

Markdowns 90

Markdowns Returns Promotions Planning 90

Wiser

AUGUST 25, 2020

On top of that, local and national governments will have their own guidelines and requirements for organizations at this time. Perhaps you reduced your hours or installed hand sanitizer at the entrances. 4: Use Promotions and Markdowns to Move Seasonal Inventory. This will help prepare everyone for when they do come back.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Retalon

OCTOBER 8, 2020

But first, let’s take a look at what reducing inventory really means, and why it matters. 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. Looking at past performance only gets you so far.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. It needs to be relevant to the current (and upcoming trends), as well as sensitive to the unique geo0demographics of your channels and locations. Don’t use the same product assortment across all locations.

Markdowns 41

Markdowns Planning Location Accounting 41

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 plans to lean more into its food offerings in the future. respectively.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retalon

NOVEMBER 11, 2021

In turn, consumers now expect these same options to be available across all retail locations (both online and in-store). While most retailers are investing at least some portion of their budgets into IT out of sheer necessity (updating old infrastructure, outsourcing tech support to deal with influx of employee tickets, etc.),

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

MARCH 2, 2021

That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. What sizes should you offer for each product at each location? Run a promotion last year that you don’t plan for this year?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Mass Relators

DECEMBER 21, 2021

billion, and the company announced a store closure plan starting with 63 outlets. Shuttering stores will “reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from, with the right stores in the right locations, for the communities we serve and for our business,” Donigan said. million, or 2.5

Markdowns 52

Markdowns Planning Accounting Marketing 52

Retalon

FEBRUARY 10, 2022

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. Identifying bad inventory can mean the difference between bringing in profits or losses at the end of the year. Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retail TouchPoints

OCTOBER 3, 2023

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. The digital channel typically had one or more dedicated facilities, which ironically were often planned and managed like an individual additional brick-and-mortar location.

Fulfillment 257

Fulfillment Drop-Shipping Markdowns Shipping 257

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

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. Carefully planned, this effect can maximize sales and profits by redirecting demand. Planning for cannibalization is easier said than done.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. But at best, this only happens once a quarter (and often at longer intervals). Everything you need to know about product clustering / grouping.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Meeting sales demand has always been challenging, effective replenishment should mitigate issues that arise from poor planning and allocation. Periodic Strategy.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

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. Plan before buying your inventory- Use your data to determine what you should order. The pace at which merchandise is sold within a given time frame is known as inventory turn rate.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

APRIL 21, 2021

At its most basic, order fulfillment is the combination of steps required to get products into the hands of customers. direct-to-consumer e-commerce orders), retailers now have to worry about fulfilling orders across multiple complex channels and B&M locations. Will you deny returns at a store level? Emphasizing BOPIS.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

JUNE 11, 2021

Written by Mark Krupnik, CEO at Retalon. There are some who believe that sustainable supply chains that lead to a greener planet can only exist at the expense of the business. In fact, according to Morningstar, sustainable fund flows in the United States continued at a record pace , more than doubling from 2019 to 2020.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retail Adventures

JANUARY 1, 2024

Add your telephone number and web address in 10-14” white reflective vinyl letters at the center bottom of your main windows. Light your window displays at night. This is especially important if your store is located in an area where people tend to walk, and areas populated with restaurants and bars. Check your sight line.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retalon

MARCH 4, 2019

Modern retailers take advantage of advanced retail predictive analytics planning solutions. It then calculates the demand of every individual SKU across each location and/or channel and then proactively makes profitable recommendations. This means that changes to plans are very cumbersome. Inventory Management.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. Customers stay in their vehicles at designated parking spots, and employees bring their purchases out to the car.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

JUNE 22, 2020

The Cons of using a Sales-based forecast: The problem with this approach is that if you’re a modern retailer that sells through multiple channels, with multiple locations and DCs, a sales-based forecasting will result in far too many exceptions. Demand Forecast Definition.

Merchant Services 41

Merchant Services Markdowns Promotions Location 41