Wiser

APRIL 7, 2020

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

Markdowns 128

Markdowns Inventory Management Drop-Shipping Apparel 128

Retail TouchPoints

JUNE 26, 2023

Another UPC alternative, RFID, which first made waves in retail 10+ years ago, has also had a slower adoption, largely because of cost and implementation hurdles, despite its having similar benefits, specifically to track and manage inventory and enabling checkout-less “just walk out” transactions. Doesn’t that sound amazing?!

Merchant Services 262

Merchant Services Inventory Management Grocer Customer Experience 262

Inside Retail

AUGUST 24, 2023

Embattled US fashion company Gap has reported an 8 per cent decline in second-quarter sales to US$3.55 billion as its market share continues to erode. While the apparel market has been challenged, this is a far worse performance than average and represents a significant erosion of market share,” he said.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Inside Retail

JUNE 20, 2023

With GenAI, marketers can create content that will resonate with a specific individual. Similarly, AI can analyse social media images and fashion magazines to identify emerging trends, helping retailers stay ahead of the curve and stock products that will interest customers. GenAI is also transforming inventory management.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retalon

SEPTEMBER 11, 2020

In today’s landscape, when a new fashion retail trend latches on, companies need to have the ability to make the right decisions quickly. So, why is advanced analytics so successful and what is the difference between the traditional approach and this new advanced approach to fashion analytics? Fashion Retail’s Unique Challenges.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 2. Sizes left over.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

NOVEMBER 19, 2018

The decision came after similar announcements from other fashion retail competitors such as Gucci, DKNY, Versace, Burberry and Columbia Sportswear. The decision to drop fur, or any other category/sub-category of product, isn’t an easy one for retailers, especially those in high-end fashion retailing. Contributed by Adrian Silipo.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32