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Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

– Ease and efficiency of taking products to market. – Promotions, event and markdowns. . – Consumer preference. – Relative permanence of online brands. – Tangible interactions (i.e. touching products). Suitable retail AI and predictive analytics can help you with: – Demand Forecasting.

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Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

– Ease and efficiency of taking products to market. – Promotions, event and markdowns. . – Consumer preference. – Relative permanence of online brands. – Tangible interactions (i.e. touching products). Suitable retail AI and predictive analytics can help you with: – Demand Forecasting.

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Key Tips for Leveraging Personalization in the Retail Industry

Retalon

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. A luxury brand, for example, may offer a higher level of service to individual customers, but avoid things like items or prices particular to a region, so as not to dilute the brand value.

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Personalization vs. Consistency in the Retail Customer Experience

Retalon

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. A luxury brand, for example, may offer a higher level of service to individual customers, but avoid things like items or prices particular to a region, so as not to dilute the brand value.

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5 Vital Considerations for Big Data Analytics in Retail

Retalon

Prices (markdowns, promotions, competitor prices, etc.). Training effective AI models must happen at a granularity that matches your unique business rules, processes and market conditions. POS data (sales, returns, etc.). Inventory levels (store, warehouse, distribution centers). Traffic cameras (foot / vehicle traffic).

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AI and Retail Promotions: How to Hit Your Promotional Goals

Retalon

Winning market share will impact short-term profits, but these promotions help position a new retailer for sustainable sales in the long term. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end.

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Press Release: enVista brings Retalon’s AI to their Unified Commerce Solutions.

Retalon

Together, we are providing the market with robust business insights and the ability to rapidly and profitably improve fulfillment execution. Retalon is an award-winning provider of retail AI and predictive analytics solutions for planning, merchandising, inventory optimization, pricing, promotions and markdowns. About enVista OMS.