Remove ATS Remove Management Remove Markdowns
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Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

is at an all-time high, with one in four Americans struggling to afford basic groceries due to rising food costs – a situation only exacerbated by inflation. In contrast, a promising alternative known as dynamic markdowns is gaining traction. Food insecurity in the U.S. Many view these pricing strategies as “milking” the customer.

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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. With the right Inventory Management Tips, you can recover value, reclaim space, and even drive customer engagement. A well-executed sales event can shift perception and stock at the same time.

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How AI is Revolutionising the Retail Sector

Retail Focus

For example, when you shop online at Amazon or ASOS, you’ll notice that the recommendations are specific to your browsing and buying behaviour. Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. It also allows retailers to tailor pricing at an individual level.

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David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

However, many consumers only appear willing to buy if there’s a significant markdown involved, so where does that leave retailers? This presents a unique opportunity for us to offer great value at a time when customers are looking for ways to stretch their dollars further. It also provided customers with more time to shop these deals.

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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Though promotional cycles were a boon for sales, Diez-Simson said that managing the tension between cashflow and margin became her biggest challenge in 2024. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

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Smart supply chains tackle labour, inventory and fulfilment challenges

Inside Retail

Ferags Skyfall pouch sorter can be pre-sorted at the distribution centre to align with store-specific requirements. Automation-led labour efficiency: Unlike conventional warehouse management systems, DoWarehouse full control of automation, down to the robotics layer.

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Understanding How Consignment Works: A Guide for Sellers and Buyers

Small Biz Trends

Consignment Process: Sellers select items based on quality and demand, retailers showcase these items, and payment is made to sellers after a sale, typically at a commission rate of 40% to 60%. Customers often find unique items at competitive prices, attracting them to consignment stores.