Retalon

FEBRUARY 10, 2022

Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. Indicators you’re managing bad inventory. Drastic Markdowns. Siloed inventory management.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period. What is replenishment stock?

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

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 260

Markdowns Retailing Pricing Promotions Fulfillment 260

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. So, if it isn’t already.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

SEPTEMBER 29, 2014

Many of them have to do with how consumers use technology to make a purchase. Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. What retailers need is a strategy to allow stores to become fulfillment centers. Sears just needed a delivery strategy.

Fulfillment 36

Fulfillment Markdowns Shipping Inventory Management 36

Retalon

SEPTEMBER 29, 2014

Many of them have to do with how consumers use technology to make a purchase. Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. What retailers need is a strategy to allow stores to become fulfillment centers. Sears just needed a delivery strategy.

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

NOVEMBER 29, 2014

Many of them have to do with how consumers use technology to make a purchase. Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. What retailers need is a strategy to allow stores to become fulfillment centers. Sears just needed a delivery strategy.

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

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. Order fulfillment automation.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

JANUARY 5, 2021

Optimizing your inventory balancing process is key to increasing ROI. Even the best-executed assortment strategy can lead to imbalanced inventory levels halfway through the season. Why is unbalanced inventory such a big problem for retailers? Most of today’s inventory management issues start at the level of forecasting.

Location 41

Location Inventory Management Markdowns Fulfillment 41

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 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

AUGUST 16, 2019

Any business that caters to a consumer marketplace deals with 2 common challenges. It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. This balance act can prove to be very tricky.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

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 32

Fulfillment Comparison Shopping Markdowns Promotions 32

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 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 2, 2019

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. Consider the way retailers traditionally forecast fulfillment.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

Retail TouchPoints

FEBRUARY 12, 2021

According to the researchers at the Auburn University RFID Lab, a typical brick-and-mortar retailer without RFID has about 60% SKU-level accuracy, which is simply not acceptable anymore to keep up with consumer demands for speedy fulfillment and a wide product selection. RFID can raise inventory visibility up to 99%.

Fulfillment 243

Fulfillment Markdowns Inventory Management Customer Experience 243

Retalon

AUGUST 2, 2019

Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). Consumer behavior (average ticket price, product preferences, time, weather, etc.). Consider the way retailers traditionally forecast fulfillment. POS data (sales, returns, etc.). Demand forecasts.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

JULY 4, 2018

Consumer behavior & expectations have changed. Converting Data into Tangible Actions: According to Accenture & Forrester Research, 71% of shoppers said they expect to view in-store inventory online, while 50% expect to buy products online and pick them up in a store of their choice. Buy in-store, return to another store (46%).

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

AUGUST 14, 2023

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. This reduces markdowns, clearance sales, and waste. This results in missed revenue or markdowns.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. For instance, many retailers run promotions while lacking integration between promotion and inventory management processes. It optimizes markdowns so retailers can get rid of end of life products, while maximizing the GMROI.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 3. Logistics and fulfillment challenges.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

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 41

Inventory Turnover Promotions Merchant Services Markdowns 41