Remove Jewelry Remove Markdowns Remove Returns
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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. Experiment with markdowns, flash sales, or multi-buy offers like BOGO or “Buy 3, Get 1 Free.” Return or Exchange with Vendors Check if your vendors allow returns or swaps.

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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. The computations incorporate the net costs of discounts, returns, landed COGS, acquisition and retention marketing spend, and fulfillment and delivery.

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

Retail Adventures

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. Be prepared for markdowns and returns. Remember that the first markdown is always the cheapest one to take, so take a deep breath and price to sell.

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Luxury shoppers turn to TikTok for product discovery

Retail Dive

More often, shoppers save content and return to it when they’re ready to buy, the report said. However, ultra-luxury items, jewelry, apparel and eyewear are expected to remain strong, according to the report. Dive Insight: Though TikTok is becoming a popular platform for finding high-end fashions, fewer are making immediate purchases.

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50 MORE Ideas to Spin the Doors on Your Stores!

Retail Adventures

Your return/exchange policy should be comparable to other retailers in your area that sell what you sell. becomes customer-friendly when changed to “We gladly accept returns and exchanges within days. Choose impulse items like candles, costume jewelry, and body lotions. Don’t wait too long to take a markdown.

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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. How do you handle returns? Liquor stores have legal restrictions such as wet/dry zones, state lines, and deal with inventory in pallets, cases, and individual bottles. .

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

Retail Adventures

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. Be prepared for markdowns and returns. Remember that the first markdown is always the cheapest one to take, so take a deep breath and price to sell.