Remove Department Stores Remove Inventory Management Remove Markdowns
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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.

Markdowns 246
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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.