Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. For example, fashion retailers often see products with trending styles and colours pull sales from last season’s top sellers. Promotional uplift.

Markdowns 41

Markdowns Promotions Fashion Consumer 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

Discuss products, policies, promotions – anything store associates need to know that day. Don’t wait too long to take a markdown. Do not confuse a major event with something that takes a long time to plan. Minor events draw customers to your store but should not take a lot of time to plan or implement. Toot your own horn.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retalon

SEPTEMBER 11, 2020

For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. 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

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. Learn more at retalon.com.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 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.

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

APRIL 21, 2021

Once the rules are in place, the Smart Fulfillment system combines the retailer’s inputted information with available sales histories, current inventories, and planned promotions to forecast demand for walk-in and online sales, as well as how many online sales are likely to be BOPIS (and at which locations). April 26, 2021. Read More.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

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

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.

Wholesale 130

Wholesale Markdowns Fast Fashion Promotions 130

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). How will a promotion during a seasonal peak affect the uplift in demand? Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. POS data (sales, returns, etc.). Demand forecasts.

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.

Drop-Shipping 183

Drop-Shipping Merchant Services Fulfillment Shipping 183

Inside Retail

JUNE 20, 2023

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 can generate demand forecasts by analysing complex patterns in historical sales data, market trends, promotions, and customer ratings and reviews.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

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. 5. Failed retail promotions.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. And if you use these numbers to forecast your next year data, you’ll basically plan yourself to be out of stock next year. So how can we account for all these factors?

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: [5:20] Cool shouldn’t you know who your clients are as a chief digital retail strategy officer. Scot: [34:18] Third party seller would be scary.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52