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.

Drop-Shipping 183

Drop-Shipping Merchant Services Fulfillment Shipping 183

Inside Retail

JUNE 20, 2023

GenAI can adapt pricing strategies and offers to customers by analysing market data, competitive pricing and consumer behaviour. By adjusting prices in real time based on this analysis, retailers can increase revenue, reduce markdowns, and remain competitive in a constantly changing market. Airlines have been doing this for years.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retalon

AUGUST 16, 2019

Not only do you have to decide which metrics are most likely to provide high-value consumer data, but then you must have the resources on hand to analyze it in search of trends that help you to hone your brand strategies and better personalize the retail customer experience. Benefits and Challenges of Personalization.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Independent Retailer

DECEMBER 23, 2022

Offer Promotions & Product Markdowns. This is not a bad option if you plan to keep a long-term relationship. Offer Promotions & Product Markdowns. Let your customers know through social media and promotions and turn this act into a larger campaign and get them involved. back to top.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retalon

AUGUST 14, 2023

Unlocking Revenue Growth Potential More sales avenues and integrated inventory planning mean higher conversion rates and reduced markdowns. Omnichannel strategy ensures alignment of messaging and customer experience. This reduces markdowns, clearance sales, and waste. This results in missed revenue or markdowns.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

FEBRUARY 15, 2022

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. 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. Customer experience.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

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

Retalon

AUGUST 14, 2023

The Shortfalls of Traditional Retail Planning in Today’s Omnichannel Environment Many retailers today still rely heavily on traditional planning approaches that were effective in the past but now have major shortcomings in our omnichannel reality. These technologies are transforming retail planning in powerful ways.

Payment Services 41

Payment Services Fulfillment Planning Markdowns 41

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Customer Lifetime Value Which Retail Industry KPI is the Most Important? Stock-outs result in lost sales and degrade the customer experience. In-Stock Percentage 2. Foot Traffic 9.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

SEPTEMBER 13, 2015

On the other hand, another retailer might want to enhance the customer experience, so they would choose KPIs like customer satisfaction and retention. This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

On the other hand, another retailer might want to enhance the customer experience, so they would choose KPIs like customer satisfaction and retention. This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

AUGUST 20, 2019

This is because today’s competitive advantage in retailing can often come down to the customer experience. Creating a Consistent and Unified Customer Experience. – Merchandise, Assortment, and Store planning. – Promotions, event and markdowns. – Promotional media performance.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Independent Retailer

AUGUST 19, 2022

According to a report, 54 percent of shoppers are concerned about inflation driving price increases and are on the lookout for promotions and switching to lower-priced brands. Whether you decide to promote your loyalty program, increased rewards, sales, or discounts, you need to stay competitive in order to stay in the game.

Shipping 85

Shipping Merchant Services Consumer Returns 85

Retalon

APRIL 21, 2021

Omnichannel order fulfillment that drives customer experience (and boosts profits). Optimizing your omnichannel fulfillment process requires reducing costs, automating repetitive tasks, and improving your customer experience. And what happens if customers begin to return items to your store that were drop-shipped?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

AUGUST 16, 2019

Not only do you have to decide which metrics are most likely to provide high-value consumer data, but then you must have the resources on hand to analyze it in search of trends that help you to hone your brand strategies and better personalize the retail customer experience. Benefits and Challenges of Personalization.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 20, 2019

This is because today’s competitive advantage in retailing can often come down to the customer experience. Creating a Consistent and Unified Customer Experience. – Merchandise, Assortment, and Store planning. – Promotions, event and markdowns. – Promotional media performance.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

SEPTEMBER 11, 2020

For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. Those problems rarely occur when retailers start by asking the right question: “What is the true customer demand for all of our products?”. Demand Forecast vs. Demand Plan.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

JULY 4, 2018

seasonality, price-elasticity, geo-demographic diversity, past promotions) and applies sophisticated mathematics to your specific business rules, policies, and costs constraints. Retailers are working hard to get as close as possible to their customers, by reaching them wherever they are.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

DECEMBER 8, 2021

Knowing demand at SKU/store level means that inventory is allocated to the customer’s closest location. Textbooks don’t need to languish on shelves and be subject to drastic markdowns, while students are turned away at the out-of-stock university bookstore. Order Processing. BOPIS (Buy online, pick up in-store).

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41