Retalon

APRIL 27, 2021

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. to optimize inventory for gross margins. to optimize inventory for gross margins. Retail AI can apply this process when customers return their purchases.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

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. How complicated is the returns process? Why is this happening? Are they able to track their order?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

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

Retail TouchPoints

FEBRUARY 12, 2021

Early adopters have proven that the technology can provide a significant return on investment. RFID can raise inventory visibility up to 99%. Additionally, it boosts sales margins and expedites returns and exchanges, making it a valuable tool for profitably improving the consumer experience.

Fulfillment 252

Fulfillment Markdowns Inventory Management Customer Experience 252

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

AUGUST 2, 2019

POS data (sales, returns, etc.). Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). Consumer behavior (average ticket price, product preferences, time, weather, etc.). Merchants and inventory managers attended more co-planning meetings.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. The DCs and logistics functions provide inventory/supply chain data, as well as the procurement/purchasing department, e-commerce, and more. How much extra inventory should be ordered for planned promotions?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. The DCs and logistics functions provide inventory/supply chain data, as well as the procurement/purchasing department, e-commerce, and more. How much extra inventory should be ordered for planned promotions?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

AUGUST 14, 2023

The goal is to weave these channels together seamlessly so customers can: Purchase online and return in-store Browse in-store and buy online later Have their data and shopping cart synced across all platforms Omnichannel retail delivers convenience, flexibility, and personalization to meet modern customer expectations.

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. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Often minimizing markdowns in the process.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Wiser

JULY 19, 2017

On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management. The 4 P’s start with the right products available for the consumer to purchase. Assortment.

Marketing 84

Marketing Promotions Markdowns Advertising 84

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