Retail TouchPoints

DECEMBER 12, 2023

Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Ending the Tradition of Blanket Markdowns Enter this year’s holiday shopper.

Markdowns 276

Markdowns Retailing Pricing Promotions Fulfillment 276

Retail Assist

APRIL 14, 2021

Retailers can automate replenishment using intelligent algorithms, which can be particularly beneficial during promotional or seasonal events. That’s the requirement for every modern retailer today, operating with an omnichannel mentality, especially during peak periods and promotions. Replenishment is essential to avoid stock-outs.

Markdowns 52

Markdowns Fulfillment Promotions Shipping 52

Retalon

NOVEMBER 11, 2021

In addition, retail giants like Amazon have conditioned today’s consumers to want simple and efficient order fulfillment options, fast delivery and a wide range of product options. In turn, consumers now expect these same options to be available across all retail locations (both online and in-store).

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. Order fulfillment automation.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

MARCH 2, 2021

What channels do you promote through? What fulfillment methods are you offering? What sizes should you offer for each product at each location? Do you run promotions? Run a promotion last year that you don’t plan for this year? What are your customer profiles? What channels do you sell through?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Common factors include: Manufacturing time Packaging and shipping time Lead time Processing time at the warehouse Customer order fulfillment Allocations Promotions.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. You cannot optimize prices without managing them, however.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. What is BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

JANUARY 6, 2021

The purpose of replenishment is to ensure that a retailer has the right quantity of product, at the right location, at the right time to maximize sales and minimize costs. Smaller B&M retailers with one or two locations may find replenishment planning fairly simple. Why is replenishment planning so complicated?

Planning 41

Planning Markdowns Accounting Shipping 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

SEPTEMBER 13, 2015

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

AUGUST 20, 2019

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

SEPTEMBER 13, 2015

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

AUGUST 16, 2019

In any business undertaking that caters to a consumer marketplace, there are two major challenges – delivering an experience that feels personalized to shoppers, while simultaneously creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

AUGUST 16, 2019

Delivering an experience that feels personalized to shoppers, while also… Creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand. Any business that caters to a consumer marketplace deals with 2 common challenges.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

JULY 4, 2018

seasonality, price-elasticity, geo-demographic diversity, past promotions) and applies sophisticated mathematics to your specific business rules, policies, and costs constraints. Ultimately many retailers will often compete on the fulfillment strategy. Retalon allows retailers to stay a step ahead of their customers.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

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. The demand forecast informs plans for more accurate product assortment decisions, promotional strategies, and more. Demand Forecasting Methodologies.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

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. Keith Jelinek. What can the retailer learn from and improve?

Drop-Shipping 185

Drop-Shipping Merchant Services Fulfillment Shipping 185

Retalon

AUGUST 14, 2023

For instance, the e-commerce team might be trying to run a promotion while stores have inadequate inventory to fulfill demand. Enhanced Gross Margins Traditional forecasts are often inaccurate, leading to steep markdowns. Lower Logistics Costs With siloed planning, fulfilling omnichannel orders can be ad-hoc and inefficient.

Payment Services 41

Payment Services Fulfillment Planning Markdowns 41

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. In particular, effective promotion planning depends on having accurate measurements of In-Stock Percentages. Is the right product getting to the right place at the right time? In-Stock Percentage 2.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 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. 3. Logistics and fulfillment challenges.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

MARCH 3, 2020

Combining Retalon’s artificial intelligence (AI) and predictive analytics tools with enVista’s cloud-native, Order Management System (OMS) will offer retailers an integrated solution to make smarter inventory and fulfillment decisions, resulting in increased revenue and profits. About Retalon: .

Payment Services 41

Payment Services Fulfillment Markdowns Finance 41

Retalon

NOVEMBER 2, 2021

Simply put, they have the things you want, when you want them, close enough to your location to guarantee you’ll get them tomorrow. In response, retail and supply chain leaders are investing in analytics and AI-powered retail IT because it enables them to optimize operations — from planning all the way to fulfillment.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

Retalon

OCTOBER 18, 2013

Another thing that retailers are trying to do today is to monitor inventory in different locations. The reality today is they can do much more by balancing inventory between locations by satisfying online requests of customers directly from different locations and that basically allows them to use inventory much more efficient.

Markdowns 32

Markdowns Promotions Planning Accounting 32

Retalon

SEPTEMBER 3, 2020

It is a measurement of the cost of purchasing, transporting, and holding inventory, plus the cost associated with fulfilling customer orders for that inventory — compared to the gross margin you receive from selling that same inventory. Use smart strategies for your online order fulfillment and returns management.

Returns 41

Returns Accounting Fulfillment Markdowns 41