Retail TouchPoints

AUGUST 19, 2021

Back-to-school surveys across the retail sector point to a strong season, spurred by pent-up consumer demand. In fact, 58% said school would be a bigger deal this year and 56% said they are more excited about shopping for back-to-school items this year. The Compression of Shopping Seasons Will Continue.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Retail TouchPoints

OCTOBER 22, 2020

Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively. While there has been much discussion of the shift to online shopping, in reality the figures prior to 2020 remained relatively low as a percentage of overall retail spending.

Promotions 130

Promotions Markdowns Returns Shopping 130

Retail TouchPoints

MAY 30, 2023

This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. They enjoy the convenience of shopping closer to home, combined with some of the omnichannel services that we can offer like curbside pickup. in Q1 2023.

Location 235

Location Markdowns Accounting Promotions 235

Retail Focus

DECEMBER 8, 2021

The UK’s cost of living squeeze is making Millennials and younger demographics more sensitive to pricing and promotions, the latest research from antuit.ai , the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail Adventures

SEPTEMBER 28, 2020

Here are even more easy ways to save money during the pandemic and beyond: Shop when the entire store is on sale: These days it’s crazy to pay full price when so many stores are running sales. Shop out of season: Right now retailers are hung with product they couldn’t sell because their stores were closed due to COVID-19.

Shopping 90

Shopping Markdowns Consumer Promotions 90

Wiser

OCTOBER 12, 2021

Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more.

Markdowns 147

Markdowns Promotions Consumer Planning 147

Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. This has coincided with the usual cocktail of higher costs that is impacting all retailers.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

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. For example, a customer can scan a 2D barcode on a package of pasta sauce and instantly view ingredients, allergens, recipes and promotions. Who doesn’t want that? Doesn’t that sound amazing?!

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

Retail TouchPoints

FEBRUARY 15, 2023

Accenture’s AI.Retail platform — which helps retailers better utilize data and artificial intelligence to optimize common operations such as customer acquisition, pricing and promotions, assortment and supply chain — can now be deployed on Google Cloud. Current customer Albertsons Cos.

Merchant Services 290

Merchant Services Markdowns Store Operations Planning 290

Retail TouchPoints

JANUARY 3, 2023

As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Inflation and the Incredible Shrinking Margin.

Merchant Services 306

Merchant Services Payment Services Accounting Checkout 306

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 257

Merchant Services Shipping Fulfillment Markdowns 257

Retail Design Solutions

FEBRUARY 23, 2024

Introduction In the ever-evolving landscape of retail, technology continues to revolutionise the way we shop. This shift not only aims to reduce food waste but also offers retailers greater flexibility in offering discounts and influencing consumer behaviour.

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Markdowns Supermarket Inventory Management Consumer 52

Retail TouchPoints

APRIL 6, 2022

Skyrocketing ecommerce adoption means that consumers today browse an endless number of websites. Time-sensitive or exclusive items can be promoted on an aisle endcap. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.”

Checkout 299

Checkout Markdowns Apparel Promotions 299

Independent Retailer

DECEMBER 23, 2022

consumers have been pulling back on clothing and durable goods as soaring inflation raises the cost of food and basic items. This is complicating retailer’s ability to shift with consumer behaviors,” Dr. Madhav Durbha, VP supply chain strategy at Coupa , said. Offer Promotions & Product Markdowns.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retail Focus

FEBRUARY 8, 2022

61% said access to digital product information became increasingly important when shopping for expensive items, while 45% have been put off buying a complex or considered purchase when there wasn’t enough product information available.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Wiser

AUGUST 25, 2020

4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. We recommend using promotions and markdowns to move that inventory quickly. Any promotions or markdowns match with what you’ve done in the past.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Inside Retail

JULY 4, 2023

Despite the lack of clarity in the numbers, Nike President and CEO John Donahoe is heartened, telling investors on a conference call: “With our record-breaking performance during this year’s 6/18 shopping holiday, in which we were the No. 1 sports brand on Tmall, I’m even more confident in our playbook and strategy [in China].”

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Wiser

MARCH 17, 2020

There’s a reason why it’s hard to go shopping and come home with only one item. Charm pricing is a common strategy to get consumers to buy a product—or multiple products—with certain prices. However, consumers perceive the savings as much greater, potentially latching on to the first digit instead of the last.

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Markdowns Consumer Retailing Pricing Promotions 135

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 278

Markdowns Retailing Pricing Promotions Fulfillment 278

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. Consumer expectations have changed. Why invest in pricing and promotions?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

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.” 85 percent of customers will not shop with a retailer again after having had a poor delivery experience.

Shipping 85

Shipping Merchant Services Consumer Returns 85

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 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.

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Fast Fashion Fashion Apparel Department Stores 98

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. touching products).

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. touching products).

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

SEPTEMBER 11, 2020

Demand is an economics concept that describes the willingness of consumers to purchase a specific product at a specific price. Therefore, demand forecasting is a statistical prediction of the willingness of consumers to purchase specific products, at a specific price, in a specific time frame. Demand Forecasting Methodologies.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Wiser

OCTOBER 13, 2020

Marketing to retail partners, wholesalers, and distributors is just as much part of the puzzle for brands as marketing directly to consumers. Every retailer has multiple brands that are vying for shelf space and promotional efforts. It’s critical that you promote your brand to retailers so they choose to favor you over the crowd.

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Promotions Visual Merchandising Markdowns Wholesale 78

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

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

AUGUST 16, 2019

Any business that caters to a consumer marketplace deals with 2 common challenges. The growth of online and mobile shopping spheres has created more opportunities to connect with shoppers, but introduced new challenges where personalization and consistency are concerned. This balance act can prove to be very tricky.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

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

365 Retail

SEPTEMBER 16, 2021

And of course rising inflation doesn’t just impact the end consumers. The ability of AI science to take into account cross-item effects, such as halo and cannibalization, gives merchants and pricing professionals a holistic view of how a single price change or promotional offer will affect a category overall.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Retalon

NOVEMBER 19, 2018

In order to truly understand the cost of lost sales, and just how many customers they will be losing, Coach needs to understand the shopping habits and preferences of fur-buyers, and also identify what products are being offered by competitors that could steal your customers. 2) Customers stand by Coach’s decision.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

In order to truly understand the cost of lost sales, and just how many customers they will be losing, Coach needs to understand the shopping habits and preferences of fur-buyers, and also identify what products are being offered by competitors that could steal your customers. 2) Customers stand by Coach’s decision.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

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. Why is this happening? Well, the industry has gone through a rapid digital transformation.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

AUGUST 14, 2023

Mastering omnichannel ecommerce strategy is essential for retailers to deliver a seamless shopping experience. An omnichannel strategy provides customers with a unified shopping experience across all channels, whether online, mobile, or brick-and-mortar. Omnichannel retail delivers the seamless shopping journeys consumers demand.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

JANUARY 17, 2022

This is one of the main reasons why leading retailers are bolstering their retail pricing strategy by investing in UPPMO (Unified Price, Promotion, and Markdown) solutions. For instance, introducing a new shampoo using a lower price promotion might cannibalize sales from shampoo inventory already on the shelf. Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41