Inside Retail

JULY 6, 2023

Local customers can see what is on sale in their neighbourhood supermarkets and actively participate in reducing waste in their community “Typically, retailers have to rely on shoppers sporadically finding a markdown in store while preoccupied with their shopping.

Grocer 264

Grocer Consumer Markdowns Supermarket 264

Retail TouchPoints

APRIL 26, 2022

Spanish children’s clothing retailer Charanga will deploy the Nedap iD Cloud platform at all owned stores, franchised stores and displays inside El Corte Inglés locations in Spain, Portugal and Italy. The technology also is expected to help reduce waste and lead to fewer markdowns.

Markdowns 229

Markdowns Shipping Location Shopping 229

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. A recent global shopper survey revealed that while 78% of shoppers often or always shopped in-store prior to COVID, by spring 2021 that had dropped by half to 39%. 41% to an in-store flyer today.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Inside Retail

JUNE 1, 2021

A new online shopping site is set to launch in Australia this month that aims to update the traditional outlet mall experience for a Gen Z and millennial audience. In contrast, TheDOM.com plans to provide an “inspirational” and “elevated” shopping experience through its site design and tone of voice.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail TouchPoints

NOVEMBER 29, 2022

Under the new market delivery model, large items are shipped directly from DCs to the customer, reducing the number of “touches” for each order and freeing up space at brick-and-mortar stores. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

Fulfillment 269

Fulfillment Markdowns Store Operations Customer Experience 269

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 62

Markdowns Supermarket Grocer Store Operations 62

Retail TouchPoints

MAY 30, 2023

Comparable sales at Journeys plummeted 14% , dragging the company’s overall comparable sales down 5% despite positive results from the Schuh and Johnston & Murphy banners. Inventories increased 17% year-over-year at these banners, but the increase was attributed to fueling rapid growth. Genesco’s gross margin was 47.3% in Q1 2023.

Location 188

Location Markdowns Accounting Promotions 188

Retail TouchPoints

SEPTEMBER 17, 2021

New data from the Adobe Digital Economy Index highlights the staying power of online shopping habits formed during the pandemic, seemingly answering one of the biggest questions of the year: will ecommerce continue to grow, or settle down to pre-pandemic levels? Shoppers are making larger purchases , with average order value up 13% at $169.

Consumer 235

Consumer Home Furnishings Apparel Markdowns 235

Retail Adventures

SEPTEMBER 28, 2020

Here are even more easy ways to save money during the pandemic and beyond: Shop when the entire store is on sale: These days it’s crazy to pay full price when so many stores are running sales. Shop out of season: Right now retailers are hung with product they couldn’t sell because their stores were closed due to COVID-19.

Shopping 90

Shopping Markdowns Consumer Promotions 90

Inside Retail

JANUARY 19, 2022

Burberry is continuing to make inroads with a younger demographic, reporting a 26-per-cent lift in sales of goods at full-price in the latest quarter driven by new customers. Burberry’s digital capabilities also drive its relevance and appeal.

Markdowns 246

Markdowns Shopping ATS 246

Retail Adventures

AUGUST 8, 2023

How often do you mystery shop your competition – in person, online and on social medias? Shopping your competition is an exercise that needs to happen at least once a quarter. When we mystery shop we carefully examine the operational categories in the store, and then rate each one on a scale of 1 to 10. Monthly, yearly?

Shopping 52

Shopping Merchant Services Visual Merchandising Markdowns 52

Inside Retail

JANUARY 31, 2022

“With this next generation of barcodes, there’s a real opportunity to connect with consumers in ways we haven’t before,” explained Richard Jones, chief marketing officer at GS1. It’s a great opportunity for retailers to start thinking about how to engage with your customer and provide a better shopping experience.”.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Inside Retail

AUGUST 17, 2021

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent to $1.005 billion.

Supermarket 246

Supermarket Net Profit Markdowns Checkout 246

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

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 Current customer Albertsons Cos.

Merchant Services 279

Merchant Services Markdowns Store Operations Planning 279

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. Mejuri uses the real-time tracking to swiftly, and fluidly, pivot strategies. “A

Markdowns 194

Markdowns Fulfillment Shipping Marketing Spend 194

Retail TouchPoints

NOVEMBER 8, 2022

This year the powerful combination of the special sale dates in Q4 (like Target, Amazon and Walmart holding October Black Friday events) and an increase in ecommerce holiday shopping means that this upward trend for returns will continue. Below are some considerations to prepare for the peak shopping season and the post-holiday return influx.

Returns 297

Returns Markdowns Inventory Management Customer Experience 297

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

365 Retail

SEPTEMBER 18, 2023

UK consumers are turning their sustainability efforts towards resourceful consumption, reducing food waste to shop sustainably while keeping food bills down, according to the latest data from Retail Insight , the leading provider of store operations execution software. The latest data from WRAP suggests UK households throw away 4.5

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

Retail Adventures

SEPTEMBER 4, 2022

How often do you mystery shop your competition – in person, online and on social medias? Shopping your competition is an exercise that needs to happen at least once a quarter. When we mystery shop we carefully examine the operational categories in the store, and then rate each one on a scale of 1 to 10. Monthly, yearly?

Shopping 52

Shopping Merchant Services Visual Merchandising Markdowns 52

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

Retalon

SEPTEMBER 1, 2023

Yes, the holiday shopping season is short–and apparently getting shorter. The average holiday shopping duration among consumers in the US has gone from an average of 7.1 Todd Vasos, CEO of Dollar General, said the stores saw a rise in higher-income households shopping there too. Instead, prioritize strategic markdowns.

Markdowns 41

Markdowns Net Profit Consumer Location 41

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. “Throughout the season, guests responded to newness, value, and the inspiration and ease of our in-store and digital shopping experience.

Markdowns 52

Markdowns Fulfillment Marketing Management 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

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

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 218

Merchant Services Shipping Fulfillment Markdowns 218

Inside Retail

JUNE 30, 2023

The pressure shows up most in terms of profit which, at net income level, fell by 28 per cent this quarter. Basically, the company knows it needs to maximise the number of doors it sells through in order to protect volumes and not lose certain customer segments who do not shop direct.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Retail Focus

DECEMBER 8, 2021

Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3% With increasing numbers of retailers passing on rising production costs – prompted by supply chain tension and labour market shortages – to the consumer, the CBI warns shoppers face the biggest price rises in 30 years this Christmas.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail Adventures

DECEMBER 1, 2020

Because we know that October and November were incredibly busy months, but we also know that the last 24 days of shopping before Christmas is time to kick it into high gear. If you have to do pre-Christmas markdowns do it while the sales floor continues to be busy with shoppers. Markdowns allow you to maximize your invested dollars.

Markdowns 98

Markdowns Cross Merchandising Promotions Shopping 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. alongside a large QR code.

Merchant Services 276

Merchant Services Inventory Management Grocer Customer Experience 276

Retail TouchPoints

APRIL 6, 2022

They want to be certain they’re making the right purchase, so help them arrive at that decision with full confidence. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” Shoppers should be able to quickly locate pertinent product information.

Checkout 293

Checkout Markdowns Apparel Promotions 293

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. Neil Cohen is Chief Marketing Officer at Kasada. Bad Bots are Siphoning Profits.

Merchant Services 300

Merchant Services Payment Services Accounting Checkout 300

Mass Relators

OCTOBER 26, 2023

. — Dollar General is offering a slew of promotions and discounts designed to position its stores as food shopping destinations as well as places to buy household items and affordable gifts this holiday season. Furthermore, Dollar General will be introducing additional three-day DG Deal Days events running through December 23.

Promotions 52

Promotions Markdowns Shopping Consumer 52

Retail Design Solutions

FEBRUARY 23, 2024

Introduction In the ever-evolving landscape of retail, technology continues to revolutionise the way we shop. 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.

Markdowns 52

Markdowns Supermarket Inventory Management Consumer 52

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

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

DECEMBER 22, 2022

When done correctly and with statistically significant datasets, brands can redesign their pricing strategy and architecture with smart Good, Better, Best tiering as well as intentional channel and market strategies — setting prices based on the unique consumers in each market and that shop specific channels.

Retailing Pricing 269

Retailing Pricing Markdowns Consumer Marketing 269