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

Retalon

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Everything you need to know about product assortment strategy.

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

Retalon

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Merchandise, Assortment, and Store planning. – Consumer preference.

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

Retalon

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Merchandise, Assortment, and Store planning. – Consumer preference.

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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. A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts.

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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. The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. Super bowl in your city)?

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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. The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. Super bowl in your city)?