article thumbnail

7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Drastic Markdowns. Last minute markdowns that offload stock at a loss. There is constant manual intervention, this may be transferring inventory between stores or ordering new stock. How to Fix it.

article thumbnail

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

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. So how can retailers offer these options to consumers while lowering their costs?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

article thumbnail

How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

article thumbnail

Content Amplification Engine Findmine CEO speaks frankly about Personalization, Marketing and how to amp up sales across the entire assortment.

The Retail Creative and Consulting Agency

We’re never going to let the consumer go off base and lose touch with what makes the brand different, because it is so dangerous for the brand. We make that feeling happen more often for the consumer in a way that doesn’t take merchants or marketers, hundreds of hours to manually put together a beautifully curated story and email.

article thumbnail

RFID is a key technology in digital transformation

365 Retail

Technology has advanced significantly and with brands now moving into their busiest season, consumers will continue to opt for convenient shopping both online and on the high street for the ideal purchase. . Shoppers want to search, transact, acquire and consume products and services safely and easily across an entire ecosystem.