Retalon

MARCH 2, 2021

Business-Specific Analytics & AI for Fashion Retailers. But let’s be honest, what do fast food restaurants, automotive, luxury fashion, and an online pharmacy have in common? Run a promotion last year that you don’t plan for this year? The one constant in fashion retailing is that there are no constants.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Inside Retail

AUGUST 25, 2022

Some of your variable expenses like marketing come under scrutiny. One of the concerns analysts have about the current market is that some retail brands are getting over-inventoried, or overstocked. Laura Inman, non-executive director at Super Retail Group and chair of Melbourne Fashion Festival. It’s the secret sauce.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.

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Fast Fashion Fashion Apparel Department Stores 98

Retalon

OCTOBER 24, 2023

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. These variables, along with pricing and vendor lead times make planning demand very difficult.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 14, 2022

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. These variables, along with pricing and vendor lead times make planning demand very difficult.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

DECEMBER 17, 2021

This creates internal competition between products instead of pulling customers, revenue and market share from the retail businesses’ external competitors. For example, fashion retailers often see products with trending styles and colours pull sales from last season’s top sellers. Intentional cannibalization sales strategy.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Everything you need to know about product assortment strategy.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

APRIL 14, 2021

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?

Markdowns 41

Markdowns Dead-Stock Promotions Bundled Pricing 41

Retail Adventures

JANUARY 1, 2024

Don’t wait too long to take a markdown. Marketing 35. Choose a professional email marketing company to create your campaigns. Every email marketing company provides you with detailed reports on how customers responded. Do not confuse a major event with something that takes a long time to plan. Measure your results.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

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

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. Don’t have one?

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

APRIL 21, 2021

And yet, failing to live up to consumer expectations can be just as deadly — especially when retail behemoths like Amazon are gobbling up market share. When not accounted for, this behaviour can lead to massive overstocks and unnecessary markdowns. Consumer and market research. Minimize and optimize omnichannel returns.

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Fulfillment Drop-Shipping Shipping Returns 41

Retalon

AUGUST 16, 2019

You can better plan for stocking of inventory at warehouses and retail locations and optimize the fulfillment process for online and mobile orders. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

You can better plan for stocking of inventory at warehouses and retail locations and optimize the fulfillment process for online and mobile orders. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

SEPTEMBER 11, 2020

But to make sure you’re focused on the right question, we need to clear up to major misconceptions with demand forecasting: Sales forecasting vs. demand forecasting Forecast vs. plan. Demand Forecast vs. Demand Plan. People often use demand planning and demand forecasting interchangeably. Sales Forecast vs. Demand Forecast.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Inside Retail

MARCH 17, 2024

Premium jeans label Outland Denim was launched in 2016, but planning for the venture stretched for six years before that, founder and CEO James Bartle said. “We Bartle said consumerism is viewed as a dirty word, at least in some quarters, and there is much talk of slow fashion and buying less. he continued.

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Wholesale Markdowns Fast Fashion 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

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. Airlines have been doing this for years.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. Out of the box solutions won’t take any special considerations into account, like: Size curves for fashion retailers.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns.

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Drop-Shipping Merchant Services Fulfillment Shipping 184

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. 6. Buying and assortment planning.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retail Prophet

JULY 18, 2022

While cotton could indeed be sourced elsewhere, the US had several distinct market advantages. If anything, it was the use of slave labor that made it simply impossible to compete with the United States with on the global cotton market. Thus preventing the US from ever again recapturing such outsized share of the global cotton market.

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Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

OCTOBER 18, 2013

It’s been almost a joke what has happened in retail business for years where retailers will declare a promotion or announce a markdown, 20 percent off, and the stores will not have any additional inventory to support it. And if you use these numbers to forecast your next year data, you’ll basically plan yourself to be out of stock next year.

Markdowns 32

Markdowns Promotions Planning Accounting 32

Retail Geek

FEBRUARY 28, 2023

Scot: [34:05] Yeah yeah and having a Marketplace will be good will be another piece of data to feed into this kind of viral Crazy Fast fashion engine that they’ve created. Scot: [33:21] Wow that’s crazy it’s a lot of international shipments. You know they’re the biggest apparels reseller in the u.s.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52