Inside Retail

DECEMBER 19, 2023

Dealing with excess garment waste is incredibly difficult because you have multiple fibres and components, including buttons, zippers, linings and tags,” Christina Dean, founder of Redress and CEO of The R Collective, told Inside Retail in an interview during The Circular Redesign Challenge in partnership with TAL Factory in Vietnam.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

Independent Retailer

DECEMBER 23, 2022

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . billion of inventory in October, a 21% increase from last year, according to the U.S. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retail TouchPoints

APRIL 21, 2022

However, knowing how to overcome those limitations is a different story. A key reason automotive manufacturers were hit so hard was their over-reliance on just-in-time (JIT) inventory systems, in which raw materials arrive when production is scheduled to begin, leading to excess inventory upstream.

Supply Chain Management 241

Supply Chain Management Planning Shipping Inventory Management 241

Retail TouchPoints

MARCH 13, 2023

Anyone who shops online has probably at some point fallen victim to “ inspiration clickbait.” Much like an article that doesn’t live up to its catchy headline, Rohan Deuskar describes inspiration clickbait as compelling shopping content (most often visual) that ends up driving a user into a disappointing, bland ecommerce experience.

Visual Merchandising 260

Visual Merchandising Shopping Customer Retention Sporting Goods 260

Wiser

JUNE 5, 2023

This requires research into potential vendors as well as negotiation skills in order to secure better deals from them. Transportation – Transportation is one of the most important parts of the supply chain since it determines how quickly goods are received by customers or other locations within your network.

Management 147

Management Drop-Shipping Shipping Supply Chain Management 147

365 Retail

JULY 18, 2023

UK retailers are losing millions in revenue and putting themselves at risk with tied-up capital due to excess stock, finds new research by product performance management (PPM) platform ROI Hunter. Poor visibility of product inventory and lack of purchasing control are exacerbating stocking problems for retailers.

Promotions 52

Promotions Advertising Consumer Management 52

Inside Retail

SEPTEMBER 23, 2022

However, as I transferred over, I soon learnt how key skills I had learnt as a lawyer carried over. If a seller has inventory in our fulfilment centre, Amazon delivers those orders to customers in NZ in the same way as they do to an Australian customer, with no additional costs to the seller. Every person can relate to retail.

Fulfillment 130

Fulfillment Inventory Management Shipping Management 130

Retail Minded

DECEMBER 15, 2022

Christmas is cancelled for more than half of consumers (52%) because of the cost of living crisis – leaving retailers facing a nightmare New Year stuck with excess stock. * The findings come from a new poll of 2,000 shoppers from Inventory Planner , which provides forecasting and planning software for businesses.

Planning 52

Planning Consumer Fashion Shopping 52

Independent Retailer

JANUARY 20, 2023

Many of these companies get their products from retailers that are going out of business, from unwanted customer returns, or shelf pulls — ultimately offering you the best deal for these cheaply-sourced items. Many quality liquidators work with name brand retailers to purchase their extra inventory at low rates.

Beauty and Health 75

Beauty and Health Wholesale Accessories Returns 75

Independent Retailer

JANUARY 25, 2023

Overstock inventory refers to the excess goods or merchandise that a retailer has on hand and is unable to sell within a reasonable amount of time. This is a great time to look for overstock deals now that the holidays and main retail selling season are over with.

Wholesale 79

Wholesale Promotions Shipping Returns 79

Retalon

AUGUST 14, 2023

Does your retail business struggle with outdated inventory systems and cumbersome spreadsheets? Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. Furniture inventory management software offers a smarter solution. What Exactly is Furniture Inventory Management Software?

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Inside Retail

AUGUST 25, 2022

And below is part two, featuring advice from Greenlit Brands CEO Michael Ford, former Target Australia CEO Launa Inman and Camilla CEO Jane McNally about the lessons they learned during the Global Financial Crisis of 2008 and how they apply to the current environment. We also had a forensic focus on our inventory stock turn.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

365 Retail

NOVEMBER 14, 2022

It’s no secret that customers start their research well in advance of Black Friday, with eager bargain hunters revealed to be searching for deals 12 weeks before the big day. . Inventory management is key. It’s imperative to manage your inventory effectively ahead of Black Friday and Cyber Monday.

Merchant Services 57

Merchant Services Payment Services Inventory Management Fulfillment 57

Independent Retailer

MARCH 1, 2022

We are learning, as the world is, how to best navigate this new landscape — how to keep the human connection in commerce, how to take advantage of the technological advancements created due to quarantining, and how to keep and create connections that are vital to business.”. gone to waste. Selling it to off-price buyers?reduces

ATS 88

ATS Shipping Returns Fashion 88

Independent Retailer

AUGUST 1, 2022

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy.

Inventory Management 69

Inventory Management Management Inventory Turnover Supply Chain Management 69

Retail Times

MARCH 30, 2021

To give you a better idea of how you can accomplish this, below are 5 common causes of stockouts and pointers on how you can sidestep them: 1. To give you a better idea of how you can accomplish this, below are 5 common causes of stockouts and pointers on how you can sidestep them: 1. How can you address this?

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

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

I Vend

APRIL 18, 2022

Learn more about how our Retail Management Solution drives profitability. According to data from Forbes , it is the fact that retailers are dealing with existing customers that makes the cross-sell up sell approach so beneficial: Existing customers are 50% more likely to try a new product. iVend Mobile POS. iVend Mobile POS.

Management 98

Management Point of Sale Inventory Management Customer Experience 98

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

SEPTEMBER 1, 2023

How can you best do this? Get into the mind of your consumers–how, why, what, where, and when they buy from you. You most likely have all of the data you need, but may not know how to turn it into profitable action. The average holiday shopping duration among consumers in the US has gone from an average of 7.1

Markdowns 41

Markdowns Net Profit Consumer Location 41

Mass Relators

AUGUST 15, 2022

Despite ongoing uncertainties, we believe the underlying strength of the economy is strong enough to deal with inflation and keep a recession at bay — or short-lived even if we are wrong.”. We are seeing different shopping behaviors based on how individual customers are experiencing the current inflationary environment,” he said.

Consumer 52

Consumer Promotions Retail Trends Shopping 52

Wiser

NOVEMBER 12, 2019

Getting a good deal. What’s one way that can brands and retailers serve up those deals? Keep reading to learn more about product bundling, what it is, why it works, and how brands and retailers should incorporate bundling into their eCommerce and brick-and-mortar strategies. That’s just a good deal.

Bundled Pricing 98

Bundled Pricing Checkout Consumer Point of Sale 98

I Love Fashion

MAY 28, 2023

That’s why a discount is always an attractive deal both for product sellers and buyers. Sell excess products that occupy your inventory. As a result, buyers feel convinced of the deal. It is an effective way for retailers to clear out their outdated or excess inventory within a short time.

Fashion 52

Fashion Payment Services Shipping Clienteling 52

Independent Retailer

SEPTEMBER 8, 2022

Consumer behavior continues to settle and adapt from the radically changed retail environment in 2020, and to a lesser extent in 2021, but enough time has passed now for the newer online shoppers to become more comfortable with where and how they shop, according to Matthew Furneaux, Director of Location Intelligence at Loqate.

Finance 84

Finance Returns Shipping Promotions 84

Retalon

FEBRUARY 10, 2022

Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. What is bad inventory called? What is bad inventory called day-to-day? A low rate of inventory turnover.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Wiser

AUGUST 24, 2017

Or wondered how retailers decide if their promotion will be BOGO or 25 percent off? These pricing strategies deal with psychological pricing. H ave you ever looked around a store and noticed that most prices end in nine? Some psychological pricing strategies can have a bigger impact on shoppers than others. Create Urgency.

Markdowns 180

Markdowns Marketing Drop-Shipping Promotions 180

Wiser

AUGUST 15, 2017

Unfortunately, we all know we don’t live in a perfect world, and we’ve all seen end of season sales, BOGO deals, and clearance racks. A challenge faced by retailers is how to maximize margins while clearing seasonal merchandise by a certain date. The reality is, your products will either sell out or you’ll have excess inventory.

Markdowns 90

Markdowns Promotions Planning Shipping 90

Rangeme

AUGUST 9, 2022

We just wrapped up our first RangeMe Deal Days: Summer Savings which took place August 1-5! During RangeMe Deal Days: Summer Savings, we saw more orders placed on RangeMe in one week than any week before! Some other notable mentions for popular brands during this RangeMe Deal Days include 365 SUN LLC, Di Bruno Bros.,

Promotions 52

Promotions Shipping Beauty and Health Consumer 52

Star Miconics

MARCH 22, 2023

Information related to billings, taxes, customer ratings, orders placed per day, and inventory can be stored and distributed across the blocks in the chain. However, when we think about AI in POS, we think about how AI can detect trends in products and sales, offer promotions, upsell, and adjust pricing suggestions as appropriate.

Payment Services 52

Payment Services Shipping Promotions Point of Sale 52

Retail Minded

MAY 17, 2022

If you’re in the retail industry, you know how tough things can be. It includes information about where you work and live and how you pay your bills. Businesses can use these reports to judge how much of a risk lending to specific customers may be according to their payment history. What Are Credit Report Services? .

Merchant Services 52

Merchant Services Payment Services Finance Management 52

Independent Retailer

MARCH 20, 2023

A big trend among some online sellers is buying Amazon return pallets and overstock and flipping the items for big markups. Here’s a full run-down to help you get started. What are Amazon Return Pallets? Why Would You Want Amazon Return Pallets? What is the Process? What Do You Need to Buy a Pallet? back to top What is the Process?

Returns 73

Returns Shipping Payment Services Accounting 73

365 Retail

SEPTEMBER 12, 2022

And as the Golden Quarter brings Halloween, Guy Fawkes Night, Black Friday, Cyber Monday and Christmas in very quick succession, the main commercial challenge is how to deliver truly incremental growth. 16 September marks the 100-day countdown to Christmas, also known as the Golden Quarter; the busiest period in the retail calendar.

Planning 70

Planning Promotions Advertising Management 70

Rangeme

NOVEMBER 16, 2021

holiday in November are a big deal in the U.K. Think about the following as you plan for the holidays: Are your inventories sufficient for likely demand? While no business wants to tie up cash flow in excess stock, it is important to cope with peaks and troughs in demand. and the Netherlands.

Promotions 52

Promotions Planning Consumer Marketing 52

Rangeme

MARCH 19, 2024

It’s one thing to know that you need insurance to keep your business safe, and it’s another to know what the coverages are and how they serve you. Here’s how you can use a customized manufacturing insurance policy to strengthen your business’s risk management strategy. It can be tough to know which ones are right for you.

Management 52

Management Planning Wholesale Shipping 52

Inside Retail

JANUARY 31, 2023

Consider how a traditional wholesale deal works. Even for fast-growing retailers – in a world with finance options – it’s difficult to commit to a deal. Even for fast-growing retailers – in a world with finance options – it’s difficult to commit to a deal. So, how exactly does it all work? What is the B2B2C model?

Wholesale 246

Wholesale Shipping Finance Fulfillment 246

Retail TouchPoints

SEPTEMBER 22, 2022

After a couple of years of getting really scrappy to leverage the store in new and creative ways, particularly around fulfillment, retailers are looking to figure out how to automate and create scale. This year is all about margin and profitability,” said Rob Garf, VP and GM, Retail at Salesforce in an interview with Retail TouchPoints. “

Promotions 243

Promotions Fulfillment Inventory Management Drop-Shipping 243

Inside Retail

FEBRUARY 9, 2022

Here, we chat with Airrobe’s new global head of partnerships and general manager Beth Glancey about how the business is making it easy for retailers to get involved in circular fashion and the biggest sustainability challenges for retailers in the industry right now. They want to create change, but they really don’t know how.

Fashion 246

Fashion Merchant Services Fast Fashion Consumer 246