Retail TouchPoints

OCTOBER 15, 2021

Brands and retailers are feeling mounting pressure — from consumers, shareholders and even their boards — to be more inclusive. But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. But it’s not just about listening; it’s about action.

Consumer

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

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

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

Retail TouchPoints

AUGUST 13, 2024

This process ensures harmony between AI capabilities and human expertise, laying a strong foundation for sustained AI adoption and operational excellence across key retail areas including content marketing, customer support and fulfillment. Let’s take a look at how this progression works in several areas of the retail organization.

Markdowns

Retail TouchPoints

MARCH 14, 2023

Returns are essentially the last link to the circle that closes the consumer loop when it comes to a decision.” When it’s out of season, they have to do markdowns, so it starts a vicious cycle. Someone bought that item a week ago, and now it’s $10 or $20 cheaper, so they return the full price item and buy a markdown item.

Returns

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%. RFID and Beyond.

Fulfillment

Retail TouchPoints

SEPTEMBER 29, 2022

There are signs of a disconnect between consumers and retailers when it comes to sustainability. A recent report has found that two-thirds of consumers are willing to pay more for sustainable products than retailers expect — and reveals that consumer preference for recommerce models is also being underserved. A Starting Point.

Fast Fashion

Retail TouchPoints

SEPTEMBER 8, 2023

According to a recent survey , 38% of retailers are worried about meeting consumers’ fast delivery expectations. And although omnichannel fulfillment is growing in importance, they still want to drive offline sales and bring people into the store, while also minimizing the impact of shipping costs on their bottom line.

Merchant Services

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. Richard Maicki. Keith Jelinek.

Drop-Shipping

Retail Minded

FEBRUARY 24, 2022

As ecommerce continues to boom, it has reinforced the need for retail brands to strengthen their online fulfilment and shorten click-to-customer cycle times. 1 : CONSUMERS DEMAND SPEED, FLEXIBILITY AND CONTROL. The pandemic undoubtedly changed consumer behaviour. 2 : CONSUMER EXPECTATIONS ARE STRONGER THAN EVER.

Fulfillment

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns

Retail TouchPoints

NOVEMBER 8, 2022

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. Using AI for search, merchandising and personalization is necessary to deliver a great customer experience and provide consumers with what they want.

Returns

Inside Retail

OCTOBER 25, 2022

Another is markdowns. Ramp up their fulfilment capacity and use them as mini distribution centres. With consumer preferences changing rapidly, it’s harder than ever to accurately forecast demand. Adjust your sourcing strategies to help reduce markdowns. This strategy works for seasonal markdowns, too.

Markdowns

Retail Wire

MAY 17, 2021

Burberry is looking to accomplish the feat by focusing on high-demand categories, unveiling a new store concept and addressing the consumer desire for omnichannel shopping and fulfillment. Burberry and Dillard’s are both focused on driving full price sales of new merchandise in their full line stores.

Markdowns

Retail TouchPoints

JULY 31, 2023

Inventory distortion, whether it’s out-of-stocks or overstocks, are a huge and costly challenge for retailers and suppliers, and too often a source of great inconvenience to consumers. Theft has contributed $379 billion this year: nearly $203 billion by consumers and approximately $175 billion by employees.

Markdowns

Retail TouchPoints

JUNE 26, 2023

Consumers want more information about the products they buy, and retailers want more visibility into the products their customers buy. Additionally, as consumers demand more transparency from the brands they purchase from, retailers can use these codes as an opportunity to share information on a product’s origin. Who doesn’t want that?

Merchant Services

Inside Retail

JULY 6, 2022

The use of AI and machine learning can now help retailers automate processes and drive better outcomes capable of improving overall industry health as well as experiences for end consumers.

Planning

Inside Retail

FEBRUARY 25, 2025

Consumers today expect their digital shopping experiences to be highly personalised, convenient and seamless, which means retailers must embrace advanced technologies to compete. To tap in, he recommends retailers start with areas where speed matters most, such as inventory reallocation, markdowns, or last-mile routing.

Markdowns

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns

Retalon

DECEMBER 8, 2021

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In today’s market, putting the right fulfillment system in place gets you a competitive edge. What is order fulfillment?

Fulfillment

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

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

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

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. The company’s efficiency efforts delivered savings of more than $500 million in 2023, and cash from operations more than doubled from $4.0

Markdowns

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. Organizing your stock within your stores according to how they sell and how much value they bring to your business will help you optimize storage space and streamline order fulfillment.

Inventory Management

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Digital transformation has changed the way consumers shop and how retailers operate.

Fulfillment

Mass Relators

MAY 30, 2024

The overall increase included growth in the consumables category, partially offset by declines in home products, seasonal, and apparel categories. a year earlier, with the result hurt by higher markdowns and an increase in inventory lost or damaged due to theft, breakage or other factors. “We

Markdowns

RETAIL MANAGEMENT SOFTWARE

OCTOBER 8, 2024

As the holiday season approaches, retailers face the dual challenge of managing increased consumer demand while navigating potential disruptions in their supply chains. Increased Demand Fluctuations: The holiday season typically sees a surge in consumer demand. Supply Chain Challenges Retailers Face During the Holiday Season 1.

Supply Chain Management

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Order fulfillment becomes more efficient; meeting consumer expectations by enabling lower shipping costs, faster fulfillment, and a greater variety of fulfillment options.

Markdowns

Retalon

JUNE 11, 2021

The retail and consumer packaged goods (CPG) supply chain sector has been abruptly disrupted by the global pandemic. Consumers expect to seamlessly interact with brands and retailers across multiple channels, such as brick-and-mortar, social media and e-commerce. Reducing fulfillment options decreases the level of customer service.

Fulfillment

Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Consumers today want to choose how they receive their online orders and often they choose to pick up orders in person. 57% of Amazon’s unit sales in come from third party sellers on its platform.

Drop-Shipping

Retalon

APRIL 27, 2021

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. According to Digital Commerce 360 , American consumer online spending in 2020 increased 44% to $861 billion. While at the same time adding to the online fulfillment system, by providing in-store pickup and local same-day delivery.

Fulfillment

365 Retail

JUNE 5, 2024

However, manual methods are time-consuming and prone to errors. Streamlining Order Fulfillment and Delivery For many shoppers, fast and affordable delivery is non-negotiable. Some retailers have even implemented innovative pick-to-light and voice-directed systems to make order fulfilment faster and error-free.

Payment Services

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

Retalon

NOVEMBER 20, 2020

You can manage prices without optimizing them, but you run the risk of poor margins, higher costs, and down-stream inventory challenges (markdowns, out-of-stocks, etc.). . This is how consumer demand will react to a change in price. You cannot optimize prices without managing them, however. Price Elasticity of Demand.

Management

Retalon

SEPTEMBER 22, 2021

A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. During the pandemic, BOPIS retail fulfillment options kept businesses running while limiting person-to-person contact – which was essential during the pandemic. So, if it isn’t already. What is BOPIS? Why are customers choosing BOPIS?

Fulfillment