Retalon

MAY 10, 2024

We refer to these as Merchant-driven organizations. The goal of the budget is to purchase the necessary quantities of products that will satisfy consumer demand. This can be done manually, using last year’s data, or using a markdown strategy plan that utilizes Price Elasticity of Demand (PED) to calculate the true effect of markdowns.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

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 fact, the best order fulfillment processes become sources of revenue, profit, and even customer loyalty.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retail Minded

AUGUST 27, 2022

Locked down consumers, desperate for a. Locked down consumers, desperate for a. Stockouts were disastrous for retailers during the pandemic – up by 250% (Adobe, 2021) – and with 37% of consumers saying they’d simply shop elsewhere if they couldn’t find what. inventory’ by making additional markdowns across the board.

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

Independent Retailer

AUGUST 19, 2022

“The classic thing that happens when consumers see price increases is they tend to mainly buy things and stock them for a longer amount of time because they start to understand that they will pay more tomorrow than they will today.” That means consumers are more likely to buy gadgets, or toys early, especially when they are discounted.

Shipping 85

Shipping Merchant Services Consumer Returns 85

Retalon

AUGUST 22, 2023

Retail merchandise planning is the strategic process retailers use to determine what products to stock, in what quantities, and where to allocate inventory across stores and e-commerce channels. With shifting consumer trends and preferences, retailers need agile planning approaches that can pivot to align with changing times.

Planning 41

Planning Merchant Services Markdowns Consumer 41

Indigo 9 Digital

FEBRUARY 28, 2023

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. While many argue Forever 21’s demise is due to a more socially conscious consumer fast fashion retailers are as popular as ever. If you can’t move all of the inventory then markdowns are required which eats into sales per sq.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

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. Merchants and inventory managers attended more co-planning meetings.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

The Retail Creative and Consulting Agency

AUGUST 30, 2022

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.

Marketing 40

Marketing Merchant Services Dead-Stock Markdowns 40

Retalon

AUGUST 2, 2019

Retail businesses collect more data than ever before, and from every aspect of the supply chain, including: Logistics data (vendor compliance, lead times, etc.). Prices (markdowns, promotions, competitor prices, etc.). Consumer behavior (average ticket price, product preferences, time, weather, etc.). The result?

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

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 183

Drop-Shipping Merchant Services Fulfillment Shipping 183

Retalon

AUGUST 5, 2020

Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. Merchants and inventory analysts must be aware of how well they are getting their products to the stores. Merchants can use GMROI to create more profitable assortment plans and develop more effective promotions.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retail Prophet

JULY 18, 2022

Soon, merchants everywhere began to experience what many thought could only happen in third-world economies and banana republics – panic buying, empty shelves and bottomless backlogs to fill them. But in the process also opened global consumer markets to risks that would make the cotton collapse of 1861 look like a picnic.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retail Geek

FEBRUARY 28, 2023

Scot: [6:16] Should be over should be like part of the onboarding. So it’s an area where companies are looking to save money very quickly because you’re not locked into certainty or anything like that like you would, be with some software as a service platforms.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52