Remove Department Stores Remove Inventory Management Remove Markdowns
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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. According to the National Retail Federation (NRF), retailers lose an estimated $50 billion annually due to inventory distortion, which includes overstock and out-of-stock issues.

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Myer picks up new national distribution centre in online, efficiency push

Inside Retail

Department store Myer has signed a ten-year lease on a new 40,000 sqm warehouse which will serve as the 120-year-old business’ new national distribution centre.

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5 Seasonal Merchandise Best Practices (2021)

Retalon

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Consider a department store planning for Valentine’s Day. So, how can retailers account for inventory in their seasonal planning?

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Why Switch to an AI-Driven Merchandise Planning Solution?

Retalon

A small mistake, such as misplacing a decimal point or linking to the wrong cell, can lead to inaccurate sales forecasts, incorrect inventory allocations, or miscalculated markdowns. AI-driven merchandise planning solutions provide real-time visibility into sales trends, inventory levels, and consumer demand shifts.

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5 Ways Agentic AI Is Powering Smarter Retail Operations

RETAIL MANAGEMENT SOFTWARE

Intelligent Inventory Management Managing inventory across multiple locationsstores, warehouses, and eCommerceis tough. Retail Impact: Higher inventory turnover Lower carrying costs Increased product availability 2. It also suggests markdowns that clear slow-moving stockwithout hurting margins.

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The retail inventory method vs. cost accounting in the tariff era

Retail Dive

As import duties have see-sawed in recent months, several retailers have rushed or paused shipments to avoid the steepest tariffs, complicating inventory management. A century ago this was a brilliant formula for pencil-and-paper estimates of inventory and margins, as merchandise flowed in and out of stores. Walmart U.S.