Consumer, Customer Experience, Inventory Management and Markdowns

7 Tips for Wholesale Inventory Management

Independent Retailer

DECEMBER 23, 2022

consumers have been pulling back on clothing and durable goods as soaring inflation raises the cost of food and basic items. Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . Offer Promotions & Product Markdowns. Donate Excess Inventory.

Inventory Management

Inventory Management Wholesale Management Markdowns

From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Who doesn’t want that?

Merchant Services

Merchant Services Inventory Management Grocer Customer Experience

Preparing for the Rise in Online Retail Returns

Retail TouchPoints

NOVEMBER 8, 2022

Returns can be an excellent opportunity to sell something new to a known customer. But the truth is that we live in an increasingly “instant gratification hustle culture,” where consumers know precisely what they want and have high expectations. Use Tech to Augment the Customer Experience. Be Responsible and Transparent.

Returns

Returns Markdowns Inventory Management Customer Experience

Webinars

Turn Payments Into Personalization: Unlock the Value of Transaction Data

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Personalization vs. Consistency in the Retail Customer Experience

Retalon

AUGUST 16, 2019

In any business undertaking that caters to a consumer marketplace, there are two major challenges – delivering an experience that feels personalized to shoppers, while simultaneously creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand.

Customer Experience

Customer Experience Fulfillment Markdowns Consumer

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs?

Markdowns

Markdowns Retailing Pricing Promotions Fulfillment

5 Major Retail Digital Transformations to Watch For in 2021

Retalon

APRIL 27, 2021

to optimize inventory for gross margins. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. More importantly, an analytics-driven retailer no longer reacts to sales and inventory reports, but instead proactively optimizes its business. This number will continue to grow.

Fulfillment

Fulfillment Markdowns Promotions Returns

Is Your Fulfillment Strategy Healthy Enough to Keep Pace with Customer Expectations?

Retail TouchPoints

OCTOBER 3, 2023

Checking inventory in a local store but not placing an order? I like to sort these reasons into two categories – those driven by a desire to provide customer service and convenience, and those driven primarily by the retailer’s desire to monetize their owned inventory as fully and profitably as possible.

Fulfillment

Fulfillment Drop-Shipping Markdowns Shipping

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

APRIL 21, 2021

Omnichannel order fulfillment that drives customer experience (and boosts profits). Consumer expectations have evolved in the digital age, and retailers are now offering a multitude of flexible order delivery methods such as “Buy online, pick up in-store”, “curbside pickup”, “order in store, deliver home” and more.

Fulfillment

Fulfillment Drop-Shipping Shipping Returns

Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

AUGUST 20, 2019

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. – Tangible interactions (i.e.

Fulfillment

Fulfillment Comparison Shopping Markdowns Promotions

Key Tips for Leveraging Personalization in the Retail Industry

Retalon

AUGUST 16, 2019

Any business that caters to a consumer marketplace deals with 2 common challenges. Delivering an experience that feels personalized to shoppers, while also… Creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand.

Fulfillment

Fulfillment Customer Experience Markdowns Consumer

Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

AUGUST 20, 2019

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. – Tangible interactions (i.e.

Fulfillment

Fulfillment Comparison Shopping Markdowns Promotions

The Order Fulfillment Process in 2022 and Beyond

Retalon

DECEMBER 8, 2021

In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. It used to be that consumers mostly shopped at stores geographically close to them. This includes everything from purchasing inventory to returns management. Allocation.

Merchant Services

Merchant Services Fulfillment Drop-Shipping Shipping

Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

JULY 4, 2018

Consumer behavior & expectations have changed. So how can retailers reconnect with their customers? We’ll focus on how Retalon predictive analytics can convert data to tangible actions, building a consistent experience for your customers, and stay agile and flexible enough for such a dynamic reality in multi-channel retailing.

Promotions

Promotions Fulfillment Shipping Markdowns

How RFID Powers Retail: Past, Present and Future

Retail TouchPoints

FEBRUARY 12, 2021

Retail companies committed to improving the customer experience have realized they need to stop relying on inventory buffers to ensure items are in stock when they need them. RFID can raise inventory visibility up to 99%. consumer reliance on ecommerce, in-store pickup, and self-checkout.?.

Fulfillment

Fulfillment Markdowns Inventory Management Customer Experience

Beyond the hype: What retailers can do with GenAI today

Inside Retail

JUNE 20, 2023

From a frontstage, customer-facing perspective, it has a range of applications: Improved personalisation Personalisation isn’t new – but it’s now on steroids, with incentives, offers, targeted products, cross-selling and upselling and dynamic pricing as mentioned below. GenAI is also transforming inventory management.

Markdowns

Markdowns Inventory Management Marketing Promotions

The Serious Retailer’s Guide to Omnichannel Ecommerce Strategy (2023)

Retalon

AUGUST 14, 2023

Customers get the same high-quality experience regardless of how and where they engage with the brand. Inventory management, order fulfillment, and sales data are integrated in one centralized system instead of siloed by channel. Omnichannel retail delivers the seamless shopping journeys consumers demand.

Markdowns

Markdowns Customer Experience Shopping Planning

12 Critical Retail Industry Performance Metrics (2020)

Retalon

AUGUST 5, 2020

Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. This avoids markdowns that cut into profit margins.

Inventory Turnover

Inventory Turnover Promotions Merchant Services Markdowns

Experience Retail Today

7 Tips for Wholesale Inventory Management

From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Webinars

Trending Sources

Preparing for the Rise in Online Retail Returns

Webinars

Personalization vs. Consistency in the Retail Customer Experience

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

5 Major Retail Digital Transformations to Watch For in 2021

Is Your Fulfillment Strategy Healthy Enough to Keep Pace with Customer Expectations?

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Key Tips for Leveraging Personalization in the Retail Industry

Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

The Order Fulfillment Process in 2022 and Beyond

Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

How RFID Powers Retail: Past, Present and Future

Beyond the hype: What retailers can do with GenAI today

The Serious Retailer’s Guide to Omnichannel Ecommerce Strategy (2023)

12 Critical Retail Industry Performance Metrics (2020)

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