Retail Focus

DECEMBER 8, 2021

With increasing numbers of retailers passing on rising production costs – prompted by supply chain tension and labour market shortages – to the consumer, the CBI warns shoppers face the biggest price rises in 30 years this Christmas. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retalon

SEPTEMBER 1, 2023

The average holiday shopping duration among consumers in the US has gone from an average of 7.1 Optimize pricing for varied income brackets Retailers who provide products with a range of prices, low to high, tend to do well because they attract the broadest range of consumers from all income brackets. weeks in 2018 to an anticipated 5.8

Markdowns 41

Markdowns Net Profit Consumer Location 41

Retail TouchPoints

MARCH 3, 2023

at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales. during Q4, but they were up 0.6%

Markdowns 261

Markdowns Operating Expenses Department Stores Planning 261

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. Optimizing your inventory balancing process is key to increasing ROI.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retail TouchPoints

SEPTEMBER 8, 2023

According to a recent survey , 38% of retailers are worried about meeting consumers’ fast delivery expectations. And the retailer’s ability to serve up an “In Stock” button and the speed of delivery promise when consumers browse online has been shown to drive both online and in-store purchases.

Merchant Services 193

Merchant Services Shipping Fulfillment Markdowns 193

Retail Adventures

SEPTEMBER 28, 2020

Some apps have GPS and will send you an offer if you are near one of their locations or shopping at a competitors’ store. Many consignment stores list upcoming markdowns right on the price tags – each tag shows the starting price and the dates that markdowns will occur. Store Cash: Kohl’s Cash is like getting paid to shop.

Shopping 90

Shopping Markdowns Consumer Promotions 90

Retalon

MAY 10, 2024

The goal of the budget is to purchase the necessary quantities of products that will satisfy consumer demand. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retail TouchPoints

APRIL 6, 2022

Skyrocketing ecommerce adoption means that consumers today browse an endless number of websites. Shoppers should be able to quickly locate pertinent product information. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.”

Checkout 274

Checkout Markdowns Apparel Promotions 274

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 52

Markdowns Fulfillment Shipping Fashion 52

Retail TouchPoints

MAY 28, 2020

The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. Dollar General saw its net sales rise 27.6% billion in Q1 2020, while same-store sales jumped 21.7% during the same period. of net sales, compared to 22.5% in Q1 2019.

Markdowns 132

Markdowns Discount Store Finance Apparel 132

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Some of these factors include: Pricing Consumer preferences Competitors Events Promotions Vendors Logistics etc.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retail TouchPoints

DECEMBER 12, 2023

Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Ending the Tradition of Blanket Markdowns Enter this year’s holiday shopper.

Markdowns 245

Markdowns Retailing Pricing Promotions Fulfillment 245

Wiser

AUGUST 25, 2020

You want your merchandisers on board with your strategy and ready to enter your locations to set up any displays as shoppers come back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. COVID-19 has changed consumer demand.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

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. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

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 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. This is how consumer demand will react to a change in price.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Indigo 9 Digital

SEPTEMBER 7, 2022

Then the COVID-19 pandemic hit and consumers around the world were forced to shop online sending digital sales to levels never seen before. While stores will always have value all brands are rethinking how best to serve their consumers digitally. Setting up a legal entity in China is time-consuming and difficult.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

Retalon

FEBRUARY 10, 2022

Drastic Markdowns. Last minute markdowns that offload stock at a loss. Inventory storage, overstock management, ROI lost to markdowns, even lost sales due to stockouts, are all tangible costs of bad inventory. Manually manipulating millions of data points is time-consuming, costly, and prone to human error.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Wiser

JULY 14, 2020

A pricing strategy is a model that determines the best way to align the prices of a company’s products or services with its business goals, product attributes, and consumer demands. Externally, there are forces in your market that you have to take into consideration when determining pricing, such as: Consumer demand.

Bundled Pricing 128

Bundled Pricing Markdowns Consumer Marketing 128

Retalon

APRIL 14, 2021

It needs to be relevant to the current (and upcoming trends), as well as sensitive to the unique geo0demographics of your channels and locations. A successful assortment strategy will need to take many different elements into consideration from a retailer’s identity and vendors, to store capacities, consumer demand, and profitability.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

OCTOBER 8, 2020

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. As unsold boxes pile up, they consume shelf space that could be holding better-selling products. Proactively transfer inventory to avoid markdowns.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. Chances are that consumers will choose the cheaper product over a more expensive brand. Let’s dig a little deeper to find out what they are.

Markdowns 41

Markdowns Promotions Consumer Fashion 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. Replenishment seeks to ensure that the right product is on the shelves at the right time for the consumers to maximize sales & minimize costs. What is replenishment time?

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

JANUARY 6, 2021

The purpose of replenishment is to ensure that a retailer has the right quantity of product, at the right location, at the right time to maximize sales and minimize costs. Smaller B&M retailers with one or two locations may find replenishment planning fairly simple. Why is replenishment planning so complicated?

Planning 41

Planning Markdowns Accounting Shipping 41

Retalon

MAY 25, 2020

This strategy of incremental markdowns is also used as a product is nearing the end of its season. Therefore it makes sense to introduce a product at a higher price, observe the reaction from consumers and then gradually decrease the price to increase demand/sales. Reducing prices may damage the perception of luxury among consumers.

Markdowns 41

Markdowns Promotions Management Marketing 41

M19 Retail

MARCH 22, 2021

Planalytics provides businesses with visibility into this critical demand information with metrics that isolate and quantify weather-based shifts in consumer purchasing. carrying costs, markdowns, shrink, etc.). delivers demand sensing analytics to retailers, consumer goods manufacturers, restaurants, and service companies.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retalon

APRIL 21, 2021

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?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retail TouchPoints

OCTOBER 3, 2023

The digital channel typically had one or more dedicated facilities, which ironically were often planned and managed like an individual additional brick-and-mortar location. In reality, no demand forecasting system can predict the future perfectly, and throughout the season there will always be units of inventory in sub-optimal locations.

Fulfillment 227

Fulfillment Drop-Shipping Markdowns Shipping 227

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. This approach is inaccurate, inconsistent and labor-consuming. . Everything you need to know about product clustering / grouping. conditioner and shampoo).

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Mass Relators

MARCH 17, 2022

In addition, during the year, we completed the initial rollout of DG Fresh, executed more than 2,900 real estate projects, including the opening of our 18,000th store and 50 standalone pOpshelf locations, and launched new initiatives focused on health and international expansion.”. Same-store sales decreased 1.4% Same-store sales decreased 2.8%

Payment Services 52

Payment Services Markdowns Apparel Planning 52

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. . The Retail Sustainability Problem. billion metric tons a year by 2030.”

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

AUGUST 22, 2023

With shifting consumer trends and preferences, retailers need agile planning approaches that can pivot to align with changing times. But solely relying on the rearview mirror limits agility in adapting to changes in consumer behavior, emerging trends, and market conditions. They were data rich but information poor.

Planning 41

Planning Merchant Services Markdowns Consumer 41

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. But they need to be the right stores, in the right location, with the right services," said Rowe. 57% of Amazon’s unit sales in come from third party sellers on its platform. "We Do you like this content?

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

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. Invest in Inventory Management Software : Stop using Excel and spreadsheets to manage your inventory that are time-consuming and don’t always reflect accurate inventory levels.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

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. With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

DECEMBER 8, 2021

As mentioned earlier, in its simplest form, order fulfillment is the physical process of getting a purchased product from a storage location to the customer. Some factors affecting this decision include the proximity of the storage location to the customer, inventory availability, and the labour involved. What is order fulfillment?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

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. Often, returning products to the store that fulfilled the original purchase will create inventory excesses and lead to markdowns.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41