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

SEPTEMBER 22, 2021

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers can reserve an item from an online inventory. Customers are able to view the item before purchase, minimizing returns.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

V Count

OCTOBER 5, 2022

However, running a retail store and aiming for a higher profit margin requires not just planning but also a lot of hard work. When possible, avoid markdowns because they are good for decreasing profits. Initially, work on a better inventory management system. Are they generating a good return on investment?

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

DECEMBER 8, 2021

How complicated is the returns process? This includes everything from purchasing inventory to returns management. Many cope by using generalized approaches for allocation like category-level inventory management. Setting up the right reverse logistics processes will minimize the impact of product returns.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. Finding the right Retail AI and Predictive Analytics solutions can help you to plan for success in the modern retail marketplace in a variety of ways, whether your brand subscribes to bricks, clicks, or both.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. Finding the right Retail AI and Predictive Analytics solutions can help you to plan for success in the modern retail marketplace in a variety of ways, whether your brand subscribes to bricks, clicks, or both.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

JULY 4, 2018

A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts. Here’s what they said: Buy via mobile or web site in-store, pick up in-store (64%); Buy online, pick up in-store (62%); Buy via mobile or web site in-store, ship to home (60%); Buy online, return to store (50%); and.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. The result?

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retail TouchPoints

FEBRUARY 12, 2021

Early adopters have proven that the technology can provide a significant return on investment. RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. RFID can raise inventory visibility up to 99%.

Fulfillment 221

Fulfillment Markdowns Inventory Management Customer Experience 221

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 14, 2023

The goal is to weave these channels together seamlessly so customers can: Purchase online and return in-store Browse in-store and buy online later Have their data and shopping cart synced across all platforms Omnichannel retail delivers convenience, flexibility, and personalization to meet modern customer expectations.

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. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Often minimizing markdowns in the process.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Wiser

JULY 19, 2017

The 4 P’s; product, placement, price, and promotions are basic components of a marketing plan. On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management.

Marketing 84

Marketing Promotions Markdowns Advertising 84

Retalon

AUGUST 5, 2020

Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Inventory management teams calculate the In-Stock Percentage by dividing the number of stores that have a SKU in stock by the number of stores that should stock that SKU.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41