Retail TouchPoints

DECEMBER 12, 2023

Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Ending the Tradition of Blanket Markdowns Enter this year’s holiday shopper.

Markdowns 260

Markdowns Retailing Pricing Promotions Fulfillment 260

Retalon

MARCH 4, 2019

Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. The customer visits a retail store’s e-commerce website and adds products to their shopping cart.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

APRIL 27, 2021

to optimize inventory for gross margins. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. More importantly, an analytics-driven retailer no longer reacts to sales and inventory reports, but instead proactively optimizes its business. This number will continue to grow.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

APRIL 21, 2021

At its most basic, it only requires integrating live inventory counts from your ERP / inventory management software with your e-commerce platform, ensuring customers can get accurate information about which store has the items they’re looking for (or give them the option to ship to store). Book a personalized demo with our team.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

NOVEMBER 19, 2018

In order to truly understand the cost of lost sales, and just how many customers they will be losing, Coach needs to understand the shopping habits and preferences of fur-buyers, and also identify what products are being offered by competitors that could steal your customers. 2) Customers stand by Coach’s decision.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

In order to truly understand the cost of lost sales, and just how many customers they will be losing, Coach needs to understand the shopping habits and preferences of fur-buyers, and also identify what products are being offered by competitors that could steal your customers. 2) Customers stand by Coach’s decision.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. Consumers can find the same products across the globe, and now, consumers can comparison shop online and find the lowest priced goods in seconds.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. Consumers can find the same products across the globe, and now, consumers can comparison shop online and find the lowest priced goods in seconds.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 16, 2019

The growth of online and mobile shopping spheres has created more opportunities to connect with shoppers, but introduced new challenges where personalization and consistency are concerned. Unless you truly believe you’ll add value and create more incentive for consumers to shop, your time and money could be better spent elsewhere.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

The growth of online and mobile shopping spheres has created more opportunities to connect with shoppers, but introduced new challenges where personalization and consistency are concerned. Unless you truly believe you’ll add value and create more incentive for consumers to shop, your time and money could be better spent elsewhere.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

DECEMBER 8, 2021

In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. It used to be that consumers mostly shopped at stores geographically close to them. Many cope by using generalized approaches for allocation like category-level inventory management.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. Many retailers are already set up to reach their customers, what they need is a smart fulfillment strategy that will have the inventory in place in advance to avoid unnecessary transfers, and markdowns.

Fulfillment 36

Fulfillment Markdowns Shipping Inventory Management 36

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. Many retailers are already set up to reach their customers, what they need is a smart fulfillment strategy that will have the inventory in place in advance to avoid unnecessary transfers, and markdowns.

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

NOVEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. Many retailers are already set up to reach their customers, what they need is a smart fulfillment strategy that will have the inventory in place in advance to avoid unnecessary transfers, and markdowns.

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

AUGUST 14, 2023

Mastering omnichannel ecommerce strategy is essential for retailers to deliver a seamless shopping experience. An omnichannel strategy provides customers with a unified shopping experience across all channels, whether online, mobile, or brick-and-mortar. Omnichannel retail delivers the seamless shopping journeys consumers demand.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

V Count

OCTOBER 5, 2022

Previously, customers used to shop for particular products at a variety of specialized stores. When possible, avoid markdowns because they are good for decreasing profits. Initially, work on a better inventory management system. Every shopper loves to shop in a retail store that values its presence.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

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. How much safety stock is ideal?

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

M19 Retail

APRIL 14, 2021

The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. For all of these reasons, supply management is one of the current priorities of many retailers, the health crisis having served as an accelerator.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

Retail Prophet

JULY 18, 2022

The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. The myopic focus on low price has lead to an epidemic of markdowns and dead stock. Failing to do so will send capital, growth, and prosperity shopping elsewhere. Image Credit: Hip To Save).

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59