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

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

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. Occasion attributes – Another product group can be formed based on products that behave similarly during specific holidays, seasons, or promotions.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 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.

Markdowns 32

Markdowns Inventory Management Promotions Planning 32

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. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. 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.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. 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.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. 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.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

SEPTEMBER 1, 2020

Without historical data to draw upon, how do you predict the best way to allocate them to stores, pricing, promotional demand, and balance online versus in-store sales? Guess wrong and you will run out of inventory, have too much inventory, or have the right inventory in the wrong place. – all costly mistakes.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

JANUARY 20, 2014

This annual list of companies is selected by a panel of experts and members of CIO Review’s editorial board to recognize and promote technology entrepreneurship. Retalon has helped businesses plan their operations, optimize prices and markdowns, and ensure efficiency in supply chain and inventory management processes.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

AUGUST 20, 2019

– Ease and efficiency of taking products to market. From there, you can start to examine competitive pricing and promotions, forecast demand with fulfillment in mind, as well as brand building through social efforts that engage your audience. – Inventory management. – Price management & optimization.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

– Ease and efficiency of taking products to market. From there, you can start to examine competitive pricing and promotions, forecast demand with fulfillment in mind, as well as brand building through social efforts that engage your audience. – Inventory management. – Price management & optimization.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

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

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. How will a promotion during a seasonal peak affect the uplift in demand?

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

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.

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

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

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. Usually by purchasing more inventory they already have in other locations, or marking down inventory that is selling too slow.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. The DCs and logistics functions provide inventory/supply chain data, as well as the procurement/purchasing department, e-commerce, and more. How much extra inventory should be ordered for planned promotions?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. The DCs and logistics functions provide inventory/supply chain data, as well as the procurement/purchasing department, e-commerce, and more. How much extra inventory should be ordered for planned promotions?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

AUGUST 2, 2019

Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). How will a promotion during a seasonal peak affect the uplift in demand? Merchants and inventory managers attended more co-planning meetings. POS data (sales, returns, etc.). Demand forecasts.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 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

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

JUNE 18, 2019

Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. These promotions must also fit within your overall promotional strategy which supports your company’s business goals.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

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 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

JUNE 18, 2019

Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them. Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. Percent discounts work best when you promote lower-priced products.

Promotions 32

Promotions Markdowns Inventory Management Payment Services 32

Wiser

JULY 19, 2017

The 4 P’s; product, placement, price, and promotions are basic components of a marketing plan. In a retail setting, marketing and merchandising teams decide on the 4 P’s. Optimizing product assortment to meet customer demands with the perfect product mix will maximize market share and profits.

Marketing 84

Marketing Promotions Markdowns Advertising 84

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 52

Management Inventory Management Payment Services Markdowns 52

Retalon

SEPTEMBER 23, 2020

Because businesses have been attempting to forecast sales for centuries, there are many different approaches to doing so: Using last year’s numbers to estimate sales for this year Market research (surveys, observation, etc.) Promotions and inventory management). As always, there are multiple ways to forecast demand.

Accounting 47

Accounting Markdowns Management Inventory Management 47

Retalon

AUGUST 14, 2023

Inventory management, order fulfillment, and sales data are integrated in one centralized system instead of siloed by channel. High-revenue retailers need to meet these expectations to retain large customer bases and protect market share. Emerging technologies and customer preferences reshape the market constantly.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory. New products, moving holidays, new promotions, changes in demand, competition, vendor costs and other factors make last year’s sales data unreliable.

Fashion 41

Fashion Markdowns Promotions Accounting 41

V Count

OCTOBER 5, 2022

You may want to sell more of these items or promote them more prominently in your store. Is there room to increase prices without pricing yourself out of the market? After that, you gradually increase the price as your market share grows. Improve your inventory visibility. One of the best available is Zone Analytics.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Inventory Turnover Ratio 3. Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Foot Traffic 9.

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. 5. Failed retail promotions.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. When you change the promotion, the system should know about your inventory level. Bob Johns: Interesting. So how can we account for all these factors?

Markdowns 32

Markdowns Promotions Planning Accounting 32