A1 Retail

FEBRUARY 28, 2025

The award programme hand-picks those technologies that have the power to unlock competitive advantage and digitally transform retailers capabilities whether its AI solutions that drive efficiencies or power promotions, to tech that digitally connects the shelf-edge and innovations that optimise product information.

Markdowns

I Vend

OCTOBER 26, 2024

For mid-size retailers, real-time updates are particularly valuable during peak sales seasons or promotions when stock levels fluctuate rapidly. Additionally, real-time inventory management makes it easier to identify slow-moving stock and make adjustments to promotions or markdowns to clear it out.

Inventory Management

CJ Retail Solutions

JULY 21, 2025

You might think of it as a symphony, where each instrument plays its part to create a beautiful melody; in this case, the instruments are the different sales channels working together to enhance the customer experience. It involves creating a unified brand presence that allows customers to transition smoothly between channels.

Shopping

Retail TouchPoints

JANUARY 13, 2025

Let’s put people back into the fitting rooms to make sure the service experience is better. Weve seen three consecutive quarters of improvement in our net promoter scores, in addition to three consecutive quarters of comp store sales growth [at these 50 stores].

Department Stores

Retail TouchPoints

MARCH 19, 2025

By zeroing in on these clues, retailers can craft marketing that addresses real customer hesitations, ensuring each promotional effort feels relevant and timely. If one stores best-selling sweater lags at another, you can shift stock accordingly and reduce markdowns.

Visual Merchandising

Retail TouchPoints

OCTOBER 16, 2023

But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. Now, it’s all about how you reach consumers through tailored promotions.” Then you’d have to take into account the volume differences and the fact that one is organic, and one is not.”

Markdowns

Retail TouchPoints

AUGUST 27, 2024

Additionally, shoppers are continuing to buy even after school has started to save on markdown items and stretch their budgets further. It will come down to how they decide to do promotional pricing to liquidate some of that merchandise. Retailers should plan for an extended back-to-school season.”

Markdowns

Retail TouchPoints

DECEMBER 12, 2023

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. Retailers can now gauge how different items sell at different speeds at different times, to different customers.

Markdowns

Retail TouchPoints

NOVEMBER 25, 2020

The company decided to invest in technology that would help it harness the power of data to improve its customer insights and the shopper experience. “At ” Like many retailers, Mejuri acquires and engages its customers from a diverse set of marketing channels, including Facebook, Instagram, Pinterest and Google.

Markdowns

Inside Retail

SEPTEMBER 3, 2024

This enables retailers to make data-driven decisions, improve forecasting accuracy, and enhance customer experiences, while also reducing costs and boosting profits. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. Here are the key areas to apply AI in retail.

Loss Prevention

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Who doesn’t want that?

Merchant Services

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.

Merchant Services

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Web and API Scraping Web and API scraping are often used by competitors to undercut retailers’ pricing and promotions. Fake Account Creation Bots can create fake accounts at scale which are then used to abuse retail promotions.

Merchant Services

Retail TouchPoints

MARCH 14, 2023

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. However, that doesn’t mean retailers shouldn’t be searching for ways to minimize the costs returns incur.

Returns

Retail TouchPoints

AUGUST 19, 2024

In addition to store closures and layoffs, retailers have had to consolidate operations, renegotiate deals and scale back promotional activities. Even worse, these promotions often fail to clear the desired inventory at all. retailers are looking for a more effective approach.

Consumer

Retail TouchPoints

JUNE 18, 2024

Third, the brand can use both data sets to start building a profile of that customer, which will allow them to personalize various touch points, from promotional emails to product recommendations. Customers are more likely to make a new or repeat purchase when these interactions are more personalized.

Markdowns

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

Retail TouchPoints

MARCH 3, 2023

“In the fourth quarter, we benefited from our disciplined inventory approach and compelling gift-giving strategy, which allowed us to provide fresh fashion and style at great values for all our customers,” said Jeff Gennette, Chairman and CEO of Macy’s in a statement. “We

Markdowns

Retail TouchPoints

SEPTEMBER 8, 2023

As a result, they are now allowing retailers to make accurate and faster shipping promises, which in turn helps to drive conversion and improve the customer experience. Ecommerce merchant teams invest significant time in analyzing factors such as free shipping thresholds, promotions, pricing and markdowns.

Merchant Services

Retail Focus

FEBRUARY 8, 2022

Similarly, with real-time integration between the digital shelf and the retailer’s online offer, consistency of pricing, product spec and promotion can be consistently managed more dynamically to improve CX and drive conversions.

Markdowns

Independent Retailer

DECEMBER 23, 2022

Offer Promotions & Product Markdowns. Offer Promotions & Product Markdowns. Dynamic pricing, promotions, and markdowns are strategic ways to tackle inventory management, according to Nari Viswanathan, Senior Director of Supply Chain Strategy at Coupa. Help Shoppers Find the High Stock Products.

Inventory Management

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

Retail Gazette

SEPTEMBER 17, 2024

The retailer said the strong financial performance was driven by a reduction in promotional and markdown activity, as well as a changing sales mix with growth in wholesale, franchise and licensing channels. This has allowed the fashion brand, which celebrates its 30th anniversary this year, to reach more customers than ever before. .”

Markdowns

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

Retail Assist

APRIL 14, 2021

Retailers can automate replenishment using intelligent algorithms, which can be particularly beneficial during promotional or seasonal events. That’s the requirement for every modern retailer today, operating with an omnichannel mentality, especially during peak periods and promotions. Replenishment is essential to avoid stock-outs.

Markdowns

Retail Assist

SEPTEMBER 3, 2024

Staying ahead means more than just knowing your market and customers inside out. It calls for a seamless integration of all business processes, from inventory management to customer experience. This not only improves customer satisfaction but also reduces carrying costs, which can be as high as 25% of inventory value per year.

Inventory Management

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

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

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

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

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

Retail Minded

AUGUST 1, 2024

Not only will this provide a seamless customer experience, but it will also make inventory management a lot easier. You’ll want to analyze the sales patterns, seasonal trends, and customer preferences to make the necessary but informed decisions on how your inventory levels and product assortments should be.

Inventory Management

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. While omnichannel connects the channels, merchandising ensures what happens in each channel captivates customers.

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. Customer experience. Unfortunately, approximations often lead to lost sales, drastic markdowns, and unfulfilled potential. Reduced markdowns.

Markdowns

RETAIL MANAGEMENT SOFTWARE

OCTOBER 8, 2024

Inventory Management: Retailers often struggle with balancing sufficient inventory to meet demand while avoiding excess stock, which can lead to increased carrying costs and potential markdowns. Offer Alternatives: If an item is out of stock, provide customers with alternative options or estimated restock dates.

Supply Chain Management

Retalon

MAY 10, 2024

Anticipate the activities for the sales period: If you are aware of upcoming promotional activities, you’ll need to adjust to reflect demand accordingly. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns.

Planning

Retalon

MAY 10, 2024

Anticipate the activities for the sales period: If you are aware of upcoming promotional activities, you’ll need to adjust to reflect demand accordingly. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns.

Planning