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How to Build a Highly Profitable Product Assortment Strategy (2021)

Retalon

It needs to be relevant to the current (and upcoming trends), as well as sensitive to the unique geo0demographics of your channels and locations. Wide assortment breadth allows retailers to appeal to bigger demographics, but make it more difficult to appeal to more dedicated and loyal niche markets. What is deep assortment in retail?

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Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. – Ease and efficiency of taking products to market. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces.

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Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. – Ease and efficiency of taking products to market. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces.

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Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

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.

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7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

Get Granular With Unique Product / Locations What does this mean for price planning? Depending on your brand messaging and your target market, your approach to pricing can be enormously different. There are no two greater forces for determining optimal pricing than the fundamental market forces of supply and demand.