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.” These include not just costly shipping and processing fees but also the extra promotions or liquidations needed to move excess inventory. When it’s out of season, they have to do markdowns, so it starts a vicious cycle.

Returns

Retail TouchPoints

SEPTEMBER 8, 2023

At the same time, many retailers are reporting higher and higher shipping costs, which are affecting profits on their balance sheets. According to a recent survey , 38% of retailers are worried about meeting consumers’ fast delivery expectations.

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 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 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

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

OCTOBER 25, 2022

Another is markdowns. 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. Retailers are stuck with stock that just isn’t moving fast enough. One way is liquidators.

Markdowns

Inside Retail

SEPTEMBER 25, 2024

This approach often leads to excess stock and end-of-season markdowns for unsold items, resulting in discounted products that may not align with genuine consumer needs. Secondly, with on-demand manufacturing, you can ship products directly to customers or stores for pickup when ready, bypassing warehouses. Why does it help?

Fashion

Retail Adventures

SEPTEMBER 28, 2020

Sign up for loyalty programs: Loyalty members score added perks like free shipping, extra discounts, and early access to sales and events that are not available to non-members. Many consignment stores list upcoming markdowns right on the price tags – each tag shows the starting price and the dates that markdowns will occur.

Shopping

Wiser

APRIL 13, 2021

Plus, the infrastructure is already in place to help warehouse, sell, and ship your products. Competitive, low prices on Amazon might be what you need to win the Buy Box, alongside other factors like fast shipping times, strong reviews and ratings, and fewer returns or replacements. Turn to Markdowns and Promotions.

Markdowns

Inside Retail

AUGUST 25, 2022

Some of these retailers have gotten into trouble because they foresaw the challenges of the supply chain – the shortage of containers and container ships – and they overspeculated on their inventory, which is just a gamble. Approach: As a retailer, we considered our strategy carefully and studied what was important to our consumer.

Drop-Shipping

Wiser

AUGUST 25, 2020

4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. One reason is that consumers have gotten used to shopping online even more than they already were. Any promotions or markdowns match with what you’ve done in the past.

Markdowns

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

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. back to top.

Inventory Management

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

Wiser

JULY 30, 2019

You’ll see promotions in all shapes and sizes, from buy one get one free to a percent off to free shipping. . Plus, you’ll be able to use historical data to determine which units to keep in-stock ahead of any promotions based on past consumer demand. . “We Track Competitor Behavior.

Promotions

Independent Retailer

SEPTEMBER 5, 2022

Locked down consumers, desperate for a distraction, scrambled for everything from at-home fitness equipment and gaming consoles to gazebos and scatter cushions — and warehouses were cleared of stock as supply chains buckled under the extraordinary pressure. by Jill Liliedahl. Rather than benefit from the surge, retailers suffered.

Drop-Shipping

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

Mass Relators

JULY 26, 2022

This is higher than previously expected, with a heavier mix of food and consumables, which is negatively affecting gross margin rate, the company said on July 24. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns

Wiser

JANUARY 12, 2021

Retailers that strive for perfection in their pricing strategies would often be better served by trying for good first, then perfecting their approaches based on how consumers react to the prices of their goods. The idea behind it is using price as a signal to consumers emphasizing the rarity, exclusivity, or high quality of the product.

Wholesale

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. Utilize drop shipments to avoid excess inventory on hand – Drop-shipping products allow you transfer customer orders directly to the manufacturer.

Inventory Management

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. Shein is vertically integrated allowing it to go from design to shipping in as little as three days. While many argue Forever 21’s demise is due to a more socially conscious consumer fast fashion retailers are as popular as ever.

Fast Fashion

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 Management

Retail Next

MARCH 3, 2020

In his article, “ Sustainability and the consumer in 2019 ,” Duncan Baizley painted a very clear (and research-based) picture of how consumers see corporate sustainability, noting that brands will need to move beyond messaging and rather token-like gestures and embrace real, systemic change. Supply chains.

Markdowns

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

Retail Adventures

OCTOBER 22, 2020

Even though Amazon kicked off Holiday 2020 in mid-October and Walmart and Target followed suit, Black Friday is still important to consumers. If you don’t want the hassle of shipping, then go the BOPIS route: Buy Online Pickup In Store – customers love curbside. Be prepared for markdowns and returns. Don’t ignore Cyber Monday.

Markdowns

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

Retalon

FEBRUARY 21, 2025

This would raise shipping and transportation expenses, impacting: Last-mile delivery costs Freight and trucking expenses Higher prices on imported goods due to increased shipping costs Delays in deliveries and increased costs will add to the sourcing challenges. Higher Prices for Consumers. Sourcing Challenges.

Markdowns

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

Mass Relators

DECEMBER 12, 2022

We are pleased with our strong sales growth in the quarter, as well as a modest increase in customer traffic and continued share gains in both consumable and nonconsumable product sales, all of which we believe are a testament to the strength of the value and convenience proposition we offer our customers.”. compared to 30.8% compared to 22.9%

Drop-Shipping

Retalon

JANUARY 6, 2021

Replenishment planning is the process of figuring out how to profitably replenish inventory throughout the season, at what quantities, through which vendors / shippers, and how frequently — with the goal of minimizing out-of-stocks, unnecessary markdowns, and overall costs. Why is replenishment planning so complicated?

Planning

Retalon

DECEMBER 8, 2021

How, when, and where the customer prefers to experience their product fulfillment affects the sourcing and shipping decisions. In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. Customer preference (fulfillment). Why is this happening?

Fulfillment

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

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

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

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. Recently Amazon has caught a lot of attention claiming that they could now ship products before the customer even orders it.

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. Recently Amazon has caught a lot of attention claiming that they could now ship products before the customer even orders it.

Fulfillment