Retail TouchPoints

MARCH 17, 2025

One of the most promising is a challenge that has bedeviled merchandisers, marketers and inventory managers for decades, if not centuries demand forecasting. Retailers are well aware that having too much inventory in the wrong store, or not enough in the right one, affects not just sell-through but labor costs and store operations.

Markdowns

Retail Assist

JULY 31, 2025

This retail planning gap reflects more than just forecasting errors; it’s about anticipating demand, accounting for long supplier lead times, hitting margin targets and managing risk, all in a market that rarely stands still. The cost shows up fast in lost sales and heavy end-of-season markdowns. The result? The result?

Planning

CJ Retail Solutions

JULY 21, 2025

This information allows you to make informed decisions about inventory management, marketing strategies, and product offerings. Implementing Seamless Inventory Management Seamless inventory management is crucial for ensuring that your omnichannel merchandising strategy operates smoothly.

Shopping

Small Biz Trends

AUGUST 11, 2025

Gaining proficiency in raw material stock management is vital for any business that relies on inventory. Next, let’s explore the foundational concepts that underpin effective raw material inventory management. Comprehending these elements not just mitigates risks but additionally improves operational efficiency.

Management

Retalon

FEBRUARY 5, 2025

These improvements are driven by, Better Stock Distribution Reduce overstock and optimize inventory placement. learn more… Fewer Markdowns Minimize profit loss from excess inventory. Learn more… Rebalancing Inventory Identify and relocate slow-moving items to high-demand locations for increased sales.

Planning

Inside Retail

FEBRUARY 24, 2025

Managing inventory in hard goods retail is a constant balancing act. Retail environments are highly competitive right now, making inventory management more than just a back-end function its a critical driver of sales, customer satisfaction and financial health.

Markdowns

Retail Smart Guys

JANUARY 16, 2025

What is Inventory Management, and Why Does It Matter? Inventory management is the process of tracking and optimizing stock levels to meet customer demand while maximizing profitability. Improves Cash Flow : Keeps capital free for growth by investing in inventory that sells. Reduce markdowns and boost profits.

Inventory Management

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

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Counting inventory in manageable segments can make things easier for you.

Inventory Management

Retail Smart Guys

SEPTEMBER 12, 2023

When it comes to inventory management, it’s easy to get lost in spreadsheets, logistics, and technology. People skills in inventory management play a pivotal role in ensuring the efficient flow of goods, maintaining team morale, and fostering strong customer relationships.

Inventory Management

Independent Retailer

DECEMBER 23, 2022

This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories. . Offer Promotions & Product Markdowns. Donate Excess Inventory. Liquidate Excess Inventory.

Inventory Management

National Retail Solutions

AUGUST 17, 2022

What is Inventory Management? Inventory management is when a business owner controls the amount of merchandise in-store and online. The post How to Use Inventory Management to Increase ROI for Your Small Business appeared first on National Retail Solutions. Business owners may[.]. Business owners may[.].

Inventory Management

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs?

Markdowns

Retail TouchPoints

AUGUST 13, 2024

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Retailers can automate markdowns to minimize revenue loss and increase profitability, which can be especially important for seasonal retailers.

Markdowns

Inside Retail

JULY 22, 2021

Having a centralised fulfilment centre for stores replaces our historical push model, and will result in improved inventory management, reduced markdowns and maximised sell-through whilst also producing significant efficiencies in our online fulfilment operations.”.

Markdowns

Inside Retail

APRIL 9, 2022

Your markdown SKUs are live, but how are they tracking? Now is the time to check how your markdown performance is tracking against your retail markdown strategy keeping inventory management top of mind. Full price vs markdown mix. Review performance of current markdown clearance stock. Markdown cover.

Markdowns

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor

Retail TouchPoints

OCTOBER 3, 2023

When it came to inventory planning and optimization, stores were planned, allocated and/or replenished, and transacted with their customers entirely separately from the digital channel. This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today.

Fulfillment

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Doesn’t that sound amazing?!

Merchant Services

Retail Smart Guys

FEBRUARY 3, 2025

With an open-to-buy (OTB) plan , retailers gain the clarity and control needed to optimize inventory management effectively. An open-to-buy plan is essentially a purchasing budget designed for inventory management. Boosts Profitability : Ensures your inventory investment directly contributes to sales and profit growth.

Inventory Management

Retail TouchPoints

NOVEMBER 8, 2022

Optimizing inventory based on trends and historical data means the customer will get the exact item they are looking for. Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. Retailers can also create a return policy that avoids waste.

Returns

Retail Smart Guys

DECEMBER 11, 2022

Facts about Inventory Management. The retail industry is constantly changing, and inventory management gives a better understanding of this inconsistent landscape. Additionally, it helps in having a proper cash flow in your business since you are spending money on an inventory that sells and is not stagnant.

Inventory Management

Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. We all know that omnichannel is a challenge to manage against the product and customer objectives of your brand or business. This means you can get the most out of each product you are selling.

Loss Prevention

Retail Minded

AUGUST 1, 2024

In the age of e-commerce, it is important to ensure that every store owner has the ability to efficiently manage inventory. Regardless, the importance of inventory management remains the same. We will examine some of the latest technologies, such as barcoding, RFID, and inventory management software.

Inventory Management

M19 Retail

OCTOBER 11, 2024

Why Your Supply Chain Management System Depends on the Right Retail Inventory Management Software In today’s complex retail environment, managing a supply chain management system is no small feat. The Pareto Principl e , or the 80/20 rule, often applies here: 80% of sales come from 20% of SKUs.

Supply Chain Management

Retail TouchPoints

FEBRUARY 12, 2021

The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best. Retail companies must collaborate with their partners to gain a full understanding of what will be available in their inventories to sell over the next four to six months.? RFID and Beyond.

Fulfillment

Inside Retail

JANUARY 31, 2022

There are also other supply chain benefits for businesses including improved inventory management, recall readiness, sustainability, ethical sourcing and product authentication. Ultimately, suppliers will likely drive this evolution as they increasingly label their products with 2D barcodes.

Markdowns

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton. They also need clarity around what they need to do.

Loss Prevention

Wiser

MAY 20, 2020

It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns. What is Everyday Low Pricing? In late 2012, J.C.

Markdowns

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA).

Inventory Management

Retalon

JUNE 29, 2013

In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. Most retailers begin by creating a plan based on the big picture of their business process, and then they purchase the inventory, and allocate it to stores from the DC. Originally Published on PA Times.

Inventory Management

365 Retail

AUGUST 14, 2024

As a shop owner, one of the most critical aspects of your business is managing your stock effectively. Stock management can be the difference between a thriving business and one that struggles to meet customer demands. An inventory management system helps you keep track of stock levels, sales, and orders in real time.

Management

I Vend

SEPTEMBER 20, 2022

By now, you know you need something more for your inventory management—pen and paper just aren’t going to cut it—but you still have questions about cloud-based inventory management software. Earlier this year, 56% of retail business owners said their inventory management was not accurate. What is it?

Management

Inside Retail

JUNE 20, 2023

By adjusting prices in real time based on this analysis, retailers can increase revenue, reduce markdowns, and remain competitive in a constantly changing market. It can also provide dynamic routing with adaptations to disruptions and delays and general risk management. GenAI is also transforming inventory management.

Markdowns

Retail Smart Guys

JANUARY 6, 2025

Smarter Inventory Management More products dont always mean more profits. The Challenge : Excess inventory eats into profits through markdowns, while understocking risks disappointing customers. This plan ensures reduced markdowns, faster stock turns, and higher profitabilityputting you ahead in 2025.

Markdowns

Inside Retail

AUGUST 24, 2023

Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. The Gap brand has long been the problem child of the group, and its relevance in the market is one of the biggest issues new management will need to tackle if they want to turn around the fortunes of the company.”

Markdowns

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

Markdowns