Retail TouchPoints

JANUARY 7, 2021

These insights are a powerful way to gauge consumer demand for sustainable products with current and past sales data, identify the most profitable promotional strategies, and minimize markdowns and waste from the start. Manage the entire lifecycle to reduce waste from the start. Better track, monitor and gauge customer demand.

Markdowns 325

Markdowns Promotions Consumer Planning 325

Independent Retailer

DECEMBER 23, 2022

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. Offer Promotions & Product Markdowns. Census data. back to top.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.

Markdowns 219

Markdowns Promotions Apparel Shopping 219

Retail TouchPoints

AUGUST 19, 2021

We’ve done our Future Consumer Index seven times during COVID-19 and at this point, 19% say they have no fear at all [about COVID-19] and 33% say they’ll feel more comfortable in the next six months,” Orschell said in an interview with Retail TouchPoints. However, availability of products continues to be a challenge for many retailers.

ATS 299

ATS Markdowns Consumer Social Commerce 299

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Inventory management best practices enable you to run your business most effectively and profitably.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Inside Retail

OCTOBER 25, 2022

Another is markdowns. 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. Adjust your sourcing strategies to help reduce markdowns.

Markdowns 130

Markdowns Fulfillment Shipping Location 130

Retail Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels.

Markdowns 200

Markdowns Promotions Shopping Planning 200

365 Retail

FEBRUARY 26, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 64

Markdowns Supermarket Grocer Store Operations 64

Cisco Retail

MAY 20, 2022

The goal here will be to manage Deployments in a Kubernetes cluster using commands entered into a Webex room. In this case, I’ve set up a new Bot called Kubernetes Deployment Manager , but you can use your existing Bot if you like. Since we’re only looking at the scale approach in this post, we’ll have two paths in this implementation.

Management 144

Management Returns Accounting Markdowns 144

Inside Retail

JUNE 1, 2021

“We want to be the first port of call for brand-conscious and value-conscious Gen Z and millennial consumers,” said Justin Seskin, one of TheDOM.com’s co-founders, along with Thrills director Howard Blend and It Works managing director Paul Downs. . Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail Smart Guys

MARCH 23, 2024

At Retail Smart Guys , our commitment extends beyond traditional inventory management. This meticulous planning approach has been proven instrumental in reducing markdowns and enhancing profitability. We hope this newsletter finds you thriving in your business pursuits.

Markdowns 52

Markdowns Inventory Management Location Planning 52

Retail TouchPoints

MARCH 14, 2023

Managing them correctly is just as important as any other part of the customer journey. When it’s out of season, they have to do markdowns, so it starts a vicious cycle. Someone bought that item a week ago, and now it’s $10 or $20 cheaper, so they return the full price item and buy a markdown item.

Returns 235

Returns Markdowns Fulfillment Consumer 235

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. And that’s where your Workforce Management systems come into play,” says Bretherton.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Inside Retail

JANUARY 31, 2022

There are also other supply chain benefits for businesses including improved inventory management, recall readiness, sustainability, ethical sourcing and product authentication. At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Retail TouchPoints

FEBRUARY 15, 2023

“We created the Ai.Retail platform several years ago [to offer retailers] a repository of capabilities that teams could quickly pull off the shelf as they’re figuring out what to do with all their data,” said Jill Standish, Global Retail Lead at Accenture in an interview with Retail TouchPoints. “So

Merchant Services 278

Merchant Services Markdowns Store Operations Planning 278

Retail Focus

FEBRUARY 17, 2022

“Pacsun wanted to proactively manage the costs created by the increase in our online sales,” said Mike Relich, Co-CEO of Pacsun. “By By adding more intelligence to our allocation processes with antuit.ai, we allocated inventory for the omnichannel demand and minimised split shipments.”

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Retail Gazette

OCTOBER 20, 2023

EBITDA came in at £47.9m, compared to £36.7m a year earlier as the retailer attributed the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. Matalan has seen its revenue rise 0.8% to £288.6m

Markdowns 98

Markdowns Management Consumer ATS 98

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.

Merchant Services 275

Merchant Services Inventory Management Grocer Customer Experience 275

Cisco Retail

OCTOBER 8, 2021

A: One bite at a time… or so the saying goes. Admittedly, I don’t know of anyone who eats whale one bite at a time (or any way otherwise for that matter). One way is using Jupyter Notebook to combine documentation authored in markdown together with live code. The markdown is rendered. . Q: How do you eat a whale?

Markdowns 123

Markdowns Management Returns ATS 123

Retail Gazette

JANUARY 8, 2024

We’ve unlocked efficiencies at a time when inflation and input costs are starting to fall, enabling us to pass these savings on directly to our customers – bringing down the prices of new and existing lines of everyday essentials and favourites across all our key categories. “So, for 2024 we want to start the year off differently.

Markdowns 111

Markdowns Fashion Planning Management 111

Retail TouchPoints

JANUARY 3, 2023

Becoming proficient at navigating these obstacles is key to protecting retail profits. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. Inflation and the Incredible Shrinking Margin. Bad Bots are Siphoning Profits.

Merchant Services 299

Merchant Services Payment Services Accounting Checkout 299

Retalon

NOVEMBER 20, 2020

Price optimization and price management are terms that often are used interchangeably, but they are not the same thing. When used properly, both price management and price optimization can substantially affect a retailer’s profitability. You cannot optimize prices without managing them, however.

Management 41

Management Markdowns Accounting Retailing Pricing 41

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 286

Markdowns Operating Expenses Department Stores Planning 286

Retalon

FEBRUARY 10, 2022

Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. 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. Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retail Gazette

MARCH 11, 2024

The fashion and home retailer bounced back into the black when it was acquired by a group of investors at the start of last year, as it made a pre-tax profit of £255,500 in the 52 weeks to 25 February 2023, up from a loss of £2,500 the year before. in its second quarter, with sales up 0.8% in its second quarter, with sales up 0.8%

Markdowns 52

Markdowns Fashion Accounting Returns 52

Wiser

OCTOBER 12, 2021

Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more. Can You Execute at the Store Level?

Markdowns 147

Markdowns Promotions Consumer Planning 147

Retail Gazette

MARCH 11, 2024

The retailer was acquired by a group of investors at the end of January 2023 after a fierce battle with founder John Hargreaves. Matalan revealed last October its EBITDA came in at £47.9m to £1.15bn due to price increases, however EBITDA plunged 37.2% to £124.1m and operating profit before exceptionals spiralled almost 80% to £18.7m.

Markdowns 59

Markdowns Fashion Accounting Planning 59

Inside Retail

AUGUST 25, 2022

Experience: We all experienced the GFC – I was CEO of The Good Guys at the time – and the principles of dealing with a downturn are pretty much the same, except in the current situation, we have the added benefit of a more dynamic channel in e-commerce. You look at all of those controllables very closely. Michael Ford. Launa Inman.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

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 52

Markdowns Fulfillment Marketing Management 52

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 290

Consumer Merchant Services Markdowns Fulfillment 290

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. The management of trading floors has evolved to cope with this complexity. A critical enabler is the ability for managers to review the profitability of trades in real time and intervene as the situation requires.

Markdowns 219

Markdowns Promotions Management Marketing 219

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. I don’t have all the data I know I should have, is that OK?

Retailing Pricing 232

Retailing Pricing Markdowns Accounting Outdoor 232

Inside Retail

APRIL 17, 2023

From essentials – at the supermarket and the petrol pump, in the mortgage and in the power bills – to the not-so-essentials, such as the local café, the fashion boutique, the travel agent and the new car dealer. Retailers ignore this heightened awareness of ‘the value of a dollar’ at their peril.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

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. The Trouble With Promise Engines The promise engine market is filled with innovative solutions that excel at generating precise promises.

Merchant Services 216

Merchant Services Shipping Fulfillment Markdowns 216

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 295

Returns Markdowns Inventory Management Customer Experience 295

365 Retail

SEPTEMBER 18, 2023

Currently, 90% of retailers use static markdowns to sell-through fresh or ambient products nearing their best, which apply binary discounts at various stages leading up to the end of the product’s shelf life. By adopting dynamic markdown models, retailers ensure they don’t leave margin opportunities on the table.”

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

SGN Magazine

AUGUST 14, 2021

M ark Girardy stocks both name-dropped and generic plush at the gift shops he oversees at the National Mississippi River Museum and Aquarium. But at zoos and aquariums, that logo can pay for itself; it’s the difference between just another stuffed toy and a genuine memento. It’s always huge at the gift shop, too.

ATS 52

ATS Markdowns Apparel Management 52