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

Retalon

The assortments at urban flagships, suburban outlets, and airport kiosks will reflect the company’s brand but the breadth and depth of the assortments will be different. Even when best-laid plans fail, advanced analytics software can adjust everything including inventory levels, sales, markdowns, rebalancing a large assortment and so on.

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

Retalon

This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. The key is to maintain consistency with low costs, and higher profit margins. Creating a Consistent and Unified Customer Experience. – Inventory management.

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

Retalon

This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. The key is to maintain consistency with low costs, and higher profit margins. Creating a Consistent and Unified Customer Experience. – Inventory management.

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Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

Opening new stores can be expensive and risky, which is why many retailers have began connecting with their customers through Facebook, mobile apps, e-commerce stores, and pop-up/kiosk locations. Here’s more detail on how Retalon’s Inter-store inventory & assortment balancing process works.

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?

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7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

Therefore, it’s vital to create your own pricing rules and thresholds (discounts limited to certain product classes, maximum clearance markdowns, etc.) And that’s where markdowns become vital. Only a handful of retailers can effectively avoid markdowns. Forecast Your Product Demand , Not Product Sales.