Retail TouchPoints

JUNE 26, 2023

A number of major retailers have had some form of adoption because of its ability to materially improve inventory management, but it hasn’t offered the same benefit to the customer experience. It had tremendous benefits because it put the product in the right place at the right time, increasing full-price sales.

Merchant Services 268

Merchant Services Inventory Management Grocer Customer Experience 268

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. In this report: Market Definition. Market Description. Market Direction. Market Analysis. Market Introduction.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

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 148

Markdowns Promotions Inventory Management Consumer 148

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Retalon

MARCH 7, 2022

Retail CIOs can use this special edition to advise the business areas on how to cut through market. Retalon, a Toronto-based retail AI company, has been recognized for advancing retail technology in supply chain and merchandising in 2022.

Markdowns 41

Markdowns Inventory Management Accounting Promotions 41

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. Indicators you’re managing bad inventory. Drastic Markdowns. Siloed inventory management.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retail Smart Guys

SEPTEMBER 2, 2022

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. One of the most effective ways to deal with this is by outsourcing an inventory planner.

Planning 40

Planning Markdowns Inventory Management Location 40

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

JULY 25, 2018

Retail CIOs can leverage the Hype Cycle to: Advise the business areas on how to cut through market hype in order to best prioritize retail technology investments and. Customer-Centric Merchandising and Marketing. Unified Price, Promotion and Markdown Optimization. In this report: Analysis. What You Need to Know. Appendixes.

Markdowns 32

Markdowns Inventory Management Promotions Planning 32

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. Market basket – A very common practice in retail, products can also be clustered by the likelihood of customers purchasing them together (i.e.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

JULY 28, 2021

Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns. Retail buyers, planners, and inventory managers also use their ERP system along with business intelligence and visualization dashboards like Tableau to analyze trends and make decisions.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

JULY 28, 2021

Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns. Retail buyers, planners, and inventory managers also use their ERP system along with business intelligence and visualization dashboards like Tableau to analyze trends and make decisions.

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 connecting marketing with merchandising). Key Takeaways.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retail Next

MARCH 3, 2020

Furthermore, the ever-growing frequency of markdowns also causes overstocking, further exacerbating the problem. The most common solution for this problem is better inventory management which, nowadays, involves better digital documentation, IoT devices and even machine learning solutions.

Markdowns 64

Markdowns Inventory Management Consumer Shipping 64

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 connecting marketing with merchandising). Key Takeaways.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 connecting marketing with merchandising). Key Takeaways.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

APRIL 27, 2021

Traditionally, retailers have treated forecasting, planning, pricing, inventory, and promotions (marketing) as completely separate domains, often with competing mandates. Promotions can increase foot traffic and sales of market basket items, while simultaneously cannibalizing sales from a variety of other SKUs.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retail TouchPoints

OCTOBER 3, 2023

The desire to ship even ground service from stores to deliver more orders within two business days is another customer experience-focused market driver. This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today.

Fulfillment 237

Fulfillment Drop-Shipping Markdowns Shipping 237

Retalon

SEPTEMBER 22, 2021

Proving that choosing to implement BOPIS tangibly affects the market share a retailer has access to. Once a customer comes into the store to pick up their order they are probably going to be looking around at the inventory on the shelves. Better inventory management and visibility. Fuller baskets. Secure order pickup.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

OCTOBER 20, 2014

After the initial success with implementation of Retalon Inventory Management system, Shane Co. Retalon is a leading provider of Predictive Analytics solutions for supply chain, inventory management, pricing, merchandising, planning and marketing operations. ” About Retalon. . ” About Retalon.

Jewelry 32

Jewelry Inventory Management Markdowns Management 32

Retalon

OCTOBER 20, 2014

After the initial success with implementation of Retalon Inventory Management system, Shane Co. Retalon is a leading provider of Predictive Analytics solutions for supply chain, inventory management, pricing, merchandising, planning and marketing operations. ” About Retalon. . ” About Retalon.

Jewelry 32

Jewelry Inventory Management Markdowns Management 32

Retalon

JANUARY 20, 2014

Retalon has helped businesses plan their operations, optimize prices and markdowns, and ensure efficiency in supply chain and inventory management processes. Incorporated in 2002, Retalon’s main goal is to bring accuracy for retail businesses by predicting future market conditions. About Retalon.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

SEPTEMBER 1, 2020

Co-marketing funds you receive require investments in store merchandising and promotional campaigns. Without a solid demand forecast, you risk misallocating inventory and missing your revenue targets while watching turns collapse. Fixing the problem through stock rebalancing or price markdowns will be expensive.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

APRIL 21, 2021

And yet, failing to live up to consumer expectations can be just as deadly — especially when retail behemoths like Amazon are gobbling up market share. As such, initial fulfillment is only part of the puzzle for truly efficient order management. Consumer and market research. Minimize and optimize omnichannel returns.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

NOVEMBER 19, 2018

Are the current pricing and markdown strategies still the optimal ones based on the new forecast? Adrian is the Marketing Manager at Retalon, an award-winning provider of retail Predictive Analytics solutions for planning, inventory management, merchandising, pricing, and promotions. Contributed by Adrian Silipo.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

Are the current pricing and markdown strategies still the optimal ones based on the new forecast? Contributed by Adrian Silipo is the Marketing Manager at Retalon, an award-winning provider of retail Predictive Analytics solutions for planning, inventory management, merchandising, pricing, and promotions.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

M19 Retail

MARCH 17, 2021

Mi9 Retail continues to make significant product investments in its flagship Merchandise Management platform to help its loyal customer base adapt to changing trends and strengthen their unified commerce strategies. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management. About Mi9 Retail.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Retalon

DECEMBER 8, 2021

In today’s market, putting the right fulfillment system in place gets you a competitive edge. Many cope by using generalized approaches for allocation like category-level inventory management. Knowing demand at SKU/store level means that inventory is allocated to the customer’s closest location. Order Processing.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

AUGUST 20, 2019

– Ease and efficiency of taking products to market. – Inventory management. – Price management & optimization. – Promotions, event and markdowns. – Inventory needs. . – Consumer preference. – Relative permanence of online brands. touching products).

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

– Ease and efficiency of taking products to market. – Inventory management. – Price management & optimization. – Promotions, event and markdowns. – Inventory needs. . – Consumer preference. – Relative permanence of online brands. touching products).

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Inside Retail

AUGUST 24, 2023

billion as its market share continues to erode. While the apparel market has been challenged, this is a far worse performance than average and represents a significant erosion of market share,” he said. Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Retalon

AUGUST 2, 2019

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. Merchants and inventory managers attended more co-planning meetings.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

Inside Retail

JUNE 20, 2023

With GenAI, marketers can create content that will resonate with a specific individual. GenAI can adapt pricing strategies and offers to customers by analysing market data, competitive pricing and consumer behaviour. It can also provide dynamic routing with adaptations to disruptions and delays and general risk management.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retalon

AUGUST 16, 2019

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

How can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect? This is the level of exclusivity their customers expect and prefer.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

AUGUST 2, 2019

Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). Because retailers can’t afford to lose money because inventory purchases didn’t account for future promotions, business leaders imposed processes to keep everyone on the same page. POS data (sales, returns, etc.).

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

JULY 4, 2018

These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. Here’s more detail on how Retalon’s Inter-store inventory & assortment balancing process works.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32