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

Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

Consumer 246

Consumer Markdowns Planning Fulfillment 246

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

Retail Smart Guys

MARCH 23, 2024

At Retail Smart Guys , our commitment extends beyond traditional inventory management. For our client, and indeed for all our partners, we go beyond the conventional by providing a detailed monthly open-to-buy plan for each class, with a focus on individual locations for multi-store retailers.

Markdowns 52

Markdowns Inventory Management Location Planning 52

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 281

Merchant Services Markdowns Store Operations Planning 281

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

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

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

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 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

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

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 301

Merchant Services Payment Services Accounting Checkout 301

Retail TouchPoints

OCTOBER 15, 2021

More and more, that means rethinking product development and expanding their sizing and assortment planning to represent a wider range of sizes and body shapes. But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. billion in the U.S.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Retail Gazette

MARCH 11, 2024

Matalan’s pandemic cost-cutting efforts returned the business to stable ground ahead of its sale last year, helping to provide a launchpad as it steps up its transformation plans under CEO Jo Whitfield. 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

Retail Smart Guys

SEPTEMBER 2, 2022

To see if your business is on track with excellent inventory management, here’s a 10-point checklist that can use: ? Then, a comprehensive monthly open-to-buy plan for each class (by location for multi-store retailers) is provided. With this kind of system in place, RSG helps to reduce your markdowns and increase your profitability.

Planning 40

Planning Markdowns Inventory Management Location 40

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

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

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

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

365 Retail

SEPTEMBER 18, 2023

A further 41% have started meal planning to cut down on overbuying food that could lead to food waste, up +5% year-on-year. 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.

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

Retail Design Solutions

FEBRUARY 23, 2024

At RDS we embrace technology so let’s explore the rise of AI-driven digital pricing, its potential benefits, and the concerns it raises for both consumers and retailers. Improved Stock Management AI-driven dynamic pricing not only helps retailers reduce food waste but also enables them to optimise stock management.

Markdowns 52

Markdowns Supermarket Inventory Management Consumer 52

Retalon

OCTOBER 23, 2023

TORONTO (PRWEB) FEBRUARY 04, 2022 Retalon, an award-winning provider of AI and predictive analytics for retailers has become a Microsoft Partner through the release of their analytics solutions for planning, inventory management, and lifecycle pricing on Microsoft Dynamics 365.

Markdowns 41

Markdowns Inventory Management Finance Planning 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

Retalon

FEBRUARY 24, 2022

Open to buy (OTB) planning lets you control inventory and stay cash flow positive. Other benefits of OTB management include: More flexible inventory. Fewer markdowns. Essentially, OTB is a purchasing plan which takes into account current inventory levels and projected sales for a set time period. OTB management.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Independent Retailer

SEPTEMBER 5, 2022

The key lies in using solutions that drive business intelligence forward, such as inventory planning and demand forecasting software. It is fair to say that most companies who survived these ecommerce waves emerged rattled at best. In terms of supply chain issues at least, experts have predicted the effects could last well into 2023.

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

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. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact?

Markdowns 269

Markdowns Retailing Pricing Promotions Fulfillment 269

Retalon

OCTOBER 24, 2023

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. Billion in overstocks. Incentives A current U.S.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Wiser

NOVEMBER 29, 2023

These activities can be targeted at channel partners with incentives to encourage stocking and promotion of products, or they can be aimed directly at the consumer. Trade spend is employed in trade promotion in several ways: Discounts and Special Offers: Brands often provide markdowns on their products to retailers.

Promotions 146

Promotions Consumer Wholesale Advertising 146

Retalon

OCTOBER 8, 2020

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. But first, let’s take a look at what reducing inventory really means, and why it matters. Why reducing inventory costs matters.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

FEBRUARY 7, 2022

Retalon, an award-winning provider of AI and predictive analytics for retailers has become a Microsoft Partner through the release of their analytics solutions for planning, inventory management, and lifecycle pricing on Microsoft Dynamics 365.

Markdowns 41

Markdowns Inventory Management Finance Planning 41

365 Retail

OCTOBER 29, 2021

Retailers are increasingly embracing AI-based solutions for full lifecycle pricing, that provide price, promotion and markdown optimization that keeps pace with rapidly changing competitor, market and shopper behaviours that cannot be predicted by just looking at the past. Take advantage of the system’s insights on cross-item effects.

Markdowns 52

Markdowns Promotions Planning Management 52

Wiser

APRIL 13, 2021

At the risk of oversimplification, these are the two buckets that make up your eCommerce traffic. Looking at Amazon specifically, winning the Buy Box is a major step toward more sales and price can be a contributing factor to earning that placement. Turn to Markdowns and Promotions. Plan for promotions to run at these times.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

Wiser

JULY 27, 2021

You’ve got marketing and sales, product, customer support, category management , and many other roles that all tie into brand management. A podcast might need to be branded in one way compared to a website, a booth at a tradeshow, or an in-store display. Don’t just look at your brand, either.

Markdowns 158

Markdowns Marketing Management Advertising 158

Retail Minded

AUGUST 27, 2022

distraction, scrambled for everything from at-home fitness equipment and games consoles to. The lucky ones managed to balance stock levels reactively, replenishing a steady. It’s even affecting the US retail giants, with Target recently admitting its plans to ‘right-size its. factors at play. business. the pocket.

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

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