Remove Jewelry Remove Location Remove Markdowns Remove Promotions
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Mejuri Leverages Real-Time Profitability Data to Inform Decision-Making

Retail TouchPoints

Like many brands dealing with COVID-19, DTC jewelry brand Mejuri was forced to focus intently on its online operations this year. SoundCommerce allows us to track the exact impact of these variables on our profitability as we make real-time decisions regarding assortment, promotions, inventory, marketing and fulfillment.”

Markdowns 199
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Realizing the Potential Business-Specific Analytics in Fashion Retail (2021)

Retalon

Jewelry retailers need to determine the right assortment mix that offers a good selection while having the right depth of inventory for each SKU. What channels do you promote through? What sizes should you offer for each product at each location? Do you run promotions? They also offer trade-ins of used goods.

Fashion 41
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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

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50 MORE Ideas to Spin the Doors on Your Stores!

Retail Adventures

This is especially important if your store is located in an area where people tend to walk, and areas populated with restaurants and bars. Discuss products, policies, promotions – anything and everything store associates need to know that day. Choose impulse items like candles, costume jewelry, and body lotions.

Returns 83
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11 Things to Do RIGHT NOW to get Your Store ready for Holiday 2022

Retail Adventures

We’re talking Non-Stop Traffic-Building, Profit-Producing, Attention-Grabbing, Sales-Generating, Competition-Miffing, Customer-Winning Retail Events and Promotions™ like our Guys Night Out, The 12 Days of Christmas, 50% Off Coupon Event, the previously mentioned Create Your Own Coupon Sale and Cash Register Receipt Auction.

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15 Things to Do RIGHT NOW to Get Your Store Ready for Holiday 2020

Retail Adventures

Place carts and baskets in key locations throughout the sales floor, not just near the door. Think of your cashwrap as another important display area and tastefully load it up with candles, accessories, jewelry – anything that will appeal to an impulse shopper. Spinner racks located near the cash wrap work, too.

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12 Critical Retail Industry Performance Metrics (2020)

Retalon

How effective are their promotional campaigns? Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. In particular, effective promotion planning depends on having accurate measurements of In-Stock Percentages. Is the right product getting to the right place at the right time? In-Stock Percentage 2.