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Retail Assortment Strategies: What Are They & How Do They Work?

Wiser

These are all examples of an optimized assortment plan. Too wide and you’ll end up with leftover dead stock. The best retailers gain even more of an advantage by having data-driven, well-planned retail assortment strategies. This way you can rely on regular purchases with little worry of retaining dead stock.

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How Improving Markdowns Will Impact Your Most Important Supply Chain KPIs

Retail TouchPoints

So why should these teams expand their focus to consider markdown planning in addition to their already full slate of targets? What’s most important is the ability to look beyond existing silos and think critically about how simple improvements to markdown planning processes can help the company’s supply chain leaders hit their KPI targets.

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Generative AI for Personalized Service and a Competitive Edge in Ecommerce

Retail TouchPoints

This involves inputting key words that can result in a dead link or generating unwanted products in some cases. By analyzing past sales data and using machine learning algorithms, businesses can ensure that they have the right products in stock at the right time. This helps minimize stockouts or overstocks during peak seasons.

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How EMERGE in Color’s Design Connected Black Creatives With Luxury Consumers

Retail TouchPoints

The pop-up’s design scheme was carefully planned to illustrate how strongly a luxury retail offering built by Black creatives, and orchestrated by three Black women, resonates with consumers. It can’t be dead stock or something that they had for two years. It looks like a permanent store.

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Understanding Furniture Inventory Management Software in 2023

Retalon

For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way. Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. This visibility enables you to identify and correct issues with dead stock.

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How EMERGE in Color’s Design Connected Black Creatives With Luxury Consumers

Retail TouchPoints

The pop-up’s design scheme was carefully planned to illustrate how strongly a luxury retail offering built by Black creatives, and orchestrated by three Black women, resonates with consumers. It can’t be dead stock or something that they had for two years. It looks like a permanent store.

Consumer 130
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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

As contingency plans, more executives are finding new vendor partners and sourcing domestically to keep their supply chains closer to home. Retail workers are quitting at record rates for higher-paying work: ‘My life isn’t worth a dead-end job.’ Out-of-stocks. 4 Krashinsky Robertson, Susan and Matt Lundy. The Globe and Mail.