Remove Customer Experience Remove Markdowns Remove Merchant Services Remove Wholesale
article thumbnail

Open to Buy Retail Planning Done Right

Retalon

We refer to these as Merchant-driven organizations. Consider whether the budget is for the entire company or specific segments, such as the e-commerce division or the wholesale part of the business. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. Set your budget review interval.

article thumbnail

Open to Buy Retail Planning Done Right

Retalon

We refer to these as Merchant-driven organizations. Consider whether the budget is for the entire company or specific segments, such as the e-commerce division or the wholesale part of the business. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. Set your budget review interval.

article thumbnail

How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

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. It’s a different approach and a different thought process.