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. Increase promotional effectiveness. Manage the entire lifecycle to reduce waste from the start.

Markdowns 323

Markdowns Promotions Consumer Planning 323

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 197

Markdowns Promotions Apparel Shopping 197

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 166

Outdoor Markdowns Apparel Fulfillment 166

Retail TouchPoints

OCTOBER 22, 2020

As the pandemic moves into new phases, responses lurch wildly between complete lockdowns to fast-track reopenings and back to lockdowns, at different cadences in every country, state or even locality. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.

Promotions 224

Promotions Markdowns Returns Shopping 224

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. It’s not surprising, then, that shopper responsiveness to digital promotional offers has increased, with 55% saying they are extremely or very likely to respond to a smartphone or mobile app offer v.

Markdowns 200

Markdowns Promotions Shopping Planning 200

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.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

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. Otherwise, retailers will risk eating into their margins significantly. “I

ATS 298

ATS Markdowns Consumer Social Commerce 298

Retail TouchPoints

OCTOBER 22, 2020

As the pandemic moves into new phases, responses lurch wildly between complete lockdowns to fast-track reopenings and back to lockdowns, at different cadences in every country, state or even locality. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.

Promotions 130

Promotions Markdowns Returns Shopping 130

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

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 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 263

Merchant Services Inventory Management Grocer Customer Experience 263

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.

Markdowns 147

Markdowns Promotions Consumer Planning 147

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 282

Merchant Services Payment Services Accounting Checkout 282

Retail TouchPoints

FEBRUARY 15, 2023

Accenture’s AI.Retail platform — which helps retailers better utilize data and artificial intelligence to optimize common operations such as customer acquisition, pricing and promotions, assortment and supply chain — can now be deployed on Google Cloud.

Merchant Services 259

Merchant Services Markdowns Store Operations Planning 259

Retail Focus

DECEMBER 8, 2021

The UK’s cost of living squeeze is making Millennials and younger demographics more sensitive to pricing and promotions, the latest research from antuit.ai , the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail TouchPoints

MARCH 14, 2023

Managing them correctly is just as important as any other part of the customer journey. These include not just costly shipping and processing fees but also the extra promotions or liquidations needed to move excess inventory. When it’s out of season, they have to do markdowns, so it starts a vicious cycle.

Returns 212

Returns Markdowns Fulfillment Consumer 212

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. In one example, an apparel brand observed that its customer churn was increasing and attempted to slow the decline with aggressive win-back promotions. We are now at a similar inflection point for retailers.

Markdowns 196

Markdowns Promotions Management Marketing 196

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 263

Markdowns Operating Expenses Department Stores Planning 263

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

SEPTEMBER 15, 2020

Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior. If you look at grocery stores as an example, many retailers were forced to sell eggs at a loss because their wholesale costs increased dramatically.

Markdowns 208

Markdowns Technical Support Promotions Wholesale 208

Retail Assist

JUNE 22, 2023

Successfully managing a retail supply chain can be a daunting task, but with the right tools and software, it becomes a seamless process. It addresses the pain points of inventory management, logistics, and data overload by providing unparalleled visibility across your entire supply chain. The result?

Payment Services 52

Payment Services Markdowns Inventory Management Supply Chain Management 52

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 212

Retailing Pricing Markdowns Accounting Outdoor 212

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 195

Merchant Services Shipping Fulfillment Markdowns 195

Wiser

MAY 20, 2020

It’s easy for other retailers and even manufacturers to look at these success stories and want to understand how to make EDLP work for them. It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. Everyday Low Pricing vs High-Low Pricing. In late 2012, J.C.

Markdowns 148

Markdowns Promotions Inventory Management Consumer 148

Retail Focus

FEBRUARY 8, 2022

And right now, it looks as though they are not getting all the information and help they need; the research also showed that 57% would like to have more access to product details in addition to pricing, whilst 49% would like more digital signage at the shelf-edge to help inform their buying decisions.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Inside Retail

JULY 6, 2022

Emerging improvements in automated planning systems are now being used to address the inherent complexities and challenges in supply chain management, supporting retailers in previously unimaginable ways and profoundly mitigating ongoing supply chain risks.

Planning 130

Planning Supply Chain Management Markdowns Management 130

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

Wiser

APRIL 13, 2021

At the risk of oversimplification, these are the two buckets that make up your eCommerce traffic. There are times when you want to switch up prices more often, such as a promotional period or holiday season. Penetration pricing is all about pricing low to increase sales at the expense of margins. Quantity or quality.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Some of these factors include: Pricing Consumer preferences Competitors Events Promotions Vendors Logistics etc.

Markdowns 41

Markdowns Promotions Accounting Planning 41

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

Inside Retail

JULY 4, 2023

The company believes, publicly at least, that a corner has been turned and it is beginning to strut again, if not going so far as to thump its chest. Trying to get insight into how the underlying China business is really going, however, is like looking at an old Polaroid that’s been left in the sun.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

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.

Markdowns 52

Markdowns Promotions Planning Management 52

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 246

Markdowns Retailing Pricing Promotions Fulfillment 246

Retail Assist

APRIL 14, 2021

Stock replenishment is a standard retail practice, to ensure that the right products are in the best place, at the optimum quantity. Retailers can automate replenishment using intelligent algorithms, which can be particularly beneficial during promotional or seasonal events. Replenishment is essential to avoid stock-outs.

Markdowns 52

Markdowns Fulfillment Promotions Shipping 52

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 24, 2022

Other benefits of OTB management include: More flexible inventory. Fewer markdowns. Who uses open to buy : OTB can be used at all levels — company-wide, sales channels, departments, product categories, and sub-categories. Where you started is simple: it is the planned inventory at the beginning of the sales period.

Markdowns 41

Markdowns Inventory Turnover Accounting 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