Remove Dead-Stock Remove Fashion Remove Markdowns
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Try-On Data Unlocked: Driving In-Store Analytics for a Smarter Retail Experience

Retail TouchPoints

Traffic Hot Spots and Dead Corners: If a back corner sees minimal fitting room requests, a quick refresh – better signage, new product groupings or a complementary seating area – can coax customers to explore. Localized Inventory: When certain products spark high try-on rates in one region, stock up accordingly.

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. Firstly, a BOPIS model simply pushes the optimization burden to the individual stores — as consumers tend to check individual store stock before ordering.

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The Future of Retail in the New Era of Risk

Retail Prophet

Indeed, in a world where consumer preference can shift on a single influential TikTok video, fashion-based products may be out of fashion even before they reach the rack. The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill.

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5 Ways Agentic AI Is Powering Smarter Retail Operations

RETAIL MANAGEMENT SOFTWARE

This reduces overstocking and avoids lost sales due to out-of-stock issues. Dynamic Pricing and Markdown Optimization Setting the price too high will drive away customers while setting it too low will erode your profits. It also suggests markdowns that clear slow-moving stockwithout hurting margins.

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From Seasons to Seconds: Assortment Planning in the Age of Microtrends

Retalon

In the 1990s, a fashion trend could last for years. Fashion designers, glossy magazines, television shows, and celebrity endorsements all played a role in determining what was in and that determination often held firm for several quarters, sometimes longer. Even a short delay can turn a viral winner into dead stock.