Retail Smart Guys

FEBRUARY 19, 2024

For multi-store retailers, our planning extends to each location, ensuring a cohesive and effective strategy across all outlets. They’ve spoken of reduced markdowns, enhanced profitability, and the assurance of having optimal inventory levels – stories that go beyond the balance sheet. Contact us to learn more or get started.

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Markdowns Planning Location ATS 52

Inside Retail

JUNE 1, 2021

Another differentiator between TheDOM.com and existing discount platforms is the fact that it aims to consolidate all off-price activity in one location. From tactical promotions, to markdowns, to engineered lines – similar to what you might see in an outlet mall, for example – all the way through to clearance,” Seskin said. “If

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Consumer Markdowns Planning Fulfillment 246

Retail TouchPoints

JUNE 18, 2020

OVERTIME by DICK’S Sporting Goods locations will offer an assortment of apparel, footwear and equipment at up to 75% off. The location will stock brands including Nike , Adidas and Under Armour , with additional markdowns added throughout the year to keep inventory fresh. Spartanburg, S.C. and Racine, Wis.

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Sporting Goods Markdowns Apparel Discount Store 180

Retail TouchPoints

NOVEMBER 25, 2020

Mejuri sells through multiple channels, including ecommerce, call center and physical store locations, processing orders for fulfillment across multiple locations and a variety of shipping methods.

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Markdowns Fulfillment Shipping Marketing Spend 252

Retail TouchPoints

MARCH 3, 2023

Macy’s Sees its Future in Luxury and Off-Mall Locations Macy’s has been diligently modernizing its operations for the past several years, and its performance in the coming months will be a sign of whether its efforts are paying off. “In That’s a clear advantage in the near term and remains our focus over the long term.”

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Markdowns Operating Expenses Department Stores Planning 311

Retalon

SEPTEMBER 1, 2023

Mark it down…strategically Markdowns are generally part of any product’s life cycle. So, if you have a ton of inventory and markdowns are a must, then the key is to sell it while making the most profit possible. Instead, prioritize strategic markdowns.

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Markdowns Net Profit Consumer Location 41

Retail TouchPoints

SEPTEMBER 15, 2020

As a result, consumer behavior has become harder to predict across multiple locations, which makes zone pricing a must for retailers. Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior.

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Markdowns Technical Support Promotions Wholesale 266

Retalon

JANUARY 5, 2021

Simply put, inventory balancing is the process of moving excess inventory from one retail location to a retail location where that inventory is in demand. Today’s big retailers operate multiple store formats, from big-box flagship stores to minimal-assortment express locations. What is inventory balancing?

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Location Inventory Management Markdowns Fulfillment 41

Retail Focus

DECEMBER 8, 2021

By intelligently optimising pricing, markdowns and promotions, based on demand triggers, retailers can make the granular decisions needed at each store location to increase sell-through and protect margins, whilst meeting consumers expectations on prices and discounts.”.

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Markdowns Promotions Consumer Fashion 147

Retail Smart Guys

DECEMBER 11, 2023

Subsequently, we furnish a meticulously detailed monthly open-to-buy plan for each category, with a specific focus on individual locations for multi-store retailers. This strategic approach aids in increasing turn while minimizing markdowns and elevating overall profitability.

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Markdowns Inventory Management Planning Location 52

Retail TouchPoints

AUGUST 19, 2021

We have high demand and low supply, so there are fewer markdowns now,” Kotlyar added. “I By tying timely emails with location-specific information and embracing the immediacy of text-messaging, for example, retailers can get their share of consumers’ wallets. That means communication with the consumer, not markdowns.

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ATS Markdowns Consumer Social Commerce 299

Retail TouchPoints

APRIL 6, 2022

Shoppers should be able to quickly locate pertinent product information. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” They want to be certain they’re making the right purchase, so help them arrive at that decision with full confidence.

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Checkout Markdowns Apparel Promotions 299

Retail TouchPoints

SEPTEMBER 8, 2023

Today’s promise engines have gotten smarter about transit time, carrier rates, inventory location and other factors. Ecommerce merchant teams invest significant time in analyzing factors such as free shipping thresholds, promotions, pricing and markdowns. The real complexity comes when we are looking at thousands of SKUs.

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Merchant Services Shipping Fulfillment Markdowns 258

Inside Retail

MARCH 15, 2022

Store grading – retail stores all come in different sizes and locations with varying customer demands: fashionability, location and price for example. Reduce markdown activity through planning width (number of options) and depth (units per option) of range. This is all managed by the store grading. More on this later.

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Planning Store Layout Markdowns Location 130

365 Retail

FEBRUARY 17, 2022

It also resulted in more accurate forecasting for Pacsun store and online demand, and a balanced inventory between stores and its ecommerce distribution centres, delivering higher sell-through rates, reduced markdowns and improved margins.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retail TouchPoints

FEBRUARY 2, 2022

Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown). If not, you don’t have to collect every SKU, every day for every competitor location or web page.

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Retailing Pricing Markdowns Accounting Outdoor 246

Inside Retail

JANUARY 30, 2024

Salespeople on the shop floor can use these devices to seek a colleague’s assistance in locating a certain size or style of a product instead of leaving the customer alone while the salesperson finds it. That extends the opportunity for the salesperson to build a rapport with the customer and potentially upsell.

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Loss Prevention Shrinkage Inventory Management Markdowns 147

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Retailers often forget that seasonality does not apply to every SKU at every location in the exact same way. .

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Markdowns Promotions Accounting Planning 41

Retail Smart Guys

SEPTEMBER 2, 2022

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Proper inventory levels in all classes, at all locations, are ensured. Ace the list now!

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Planning Markdowns Inventory Management Location 40

Retail Smart Guys

DECEMBER 11, 2022

Also, lacking knowledge of your product availability and location can disappoint your target audiences and cause you to lose their loyalty. With our very affordable inventory planning service, we can provide you with a detailed monthly open-to-buy plan for each class (by location for multi-store retailers).

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Inventory Management Management Markdowns Fulfillment 52

Retail TouchPoints

DECEMBER 12, 2023

Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Ending the Tradition of Blanket Markdowns Enter this year’s holiday shopper.

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Markdowns Retailing Pricing Promotions Fulfillment 278

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

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Markdowns Inventory Turnover Fulfillment Accounting 41

Retail Smart Guys

NOVEMBER 28, 2022

They are knowledgeable in proper placements of your products and better store locations, skilled in amplifying your branding and messaging, and up-to-date in all of these retail trends. Third, they are effective in making your inventory efficient.

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Markdowns Promotions Retail Trends Location 52

Retail TouchPoints

MAY 28, 2020

While the retailer incurred additional expenses from associate bonuses and other COVID-19-related expenditures, Dollar General was able to reduce markdowns, on top of benefiting from increased purchase volume. Unlike some other retailers , Dollar General’s selling, general and administrative (SG&A) expenses actually dropped, to 20.5%

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Markdowns Discount Store Finance Apparel 163

Wiser

AUGUST 25, 2020

You want your merchandisers on board with your strategy and ready to enter your locations to set up any displays as shoppers come back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. 5: Lean Into Omnichannel Retail.

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Retail Adventures

JUNE 4, 2020

Remember, if you run an event in your physical location carry that same event over to online store as well. Be Prepared for Markdowns. A markdown strategy for every piece of merchandise that you purchase is a smart idea. Your receipt guarantees it.”

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Retail Adventures

SEPTEMBER 28, 2020

Some apps have GPS and will send you an offer if you are near one of their locations or shopping at a competitors’ store. Many consignment stores list upcoming markdowns right on the price tags – each tag shows the starting price and the dates that markdowns will occur. Store Cash: Kohl’s Cash is like getting paid to shop.

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Shopping Markdowns Consumer Promotions 90

Retalon

OCTOBER 8, 2020

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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Markdowns Inventory Management Promotions Planning 41

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. You cannot optimize prices without managing them, however.

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Management Markdowns Accounting Retailing Pricing 41

Retail Assist

APRIL 14, 2021

Retailers must be able to move stock quickly between different locations, such as stores, concessions and franchises, and partners, whilst also maintaining healthy warehouse stock for eCommerce orders. With a greater sell through of full priced stock and a reduced rate of markdown, margins are protected and profits soar.

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Markdowns Fulfillment Promotions Shipping 52

Retalon

JANUARY 6, 2021

The purpose of replenishment is to ensure that a retailer has the right quantity of product, at the right location, at the right time to maximize sales and minimize costs. Smaller B&M retailers with one or two locations may find replenishment planning fairly simple. Why is replenishment planning so complicated?

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Planning Markdowns Accounting Shipping 41

Retalon

NOVEMBER 11, 2021

In turn, consumers now expect these same options to be available across all retail locations (both online and in-store). Advanced analytics tools can pinpoint demand for a specific SKU at a specific location or channel. As a result, retailers are able to have better control and even avoid out-of-stocks and overstocks.

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Fulfillment Markdowns Promotions Shipping 41

Retalon

FEBRUARY 10, 2022

Drastic Markdowns. Last minute markdowns that offload stock at a loss. Inventory storage, overstock management, ROI lost to markdowns, even lost sales due to stockouts, are all tangible costs of bad inventory. This means retailers can pinpoint high and low performing products for each specific location.

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Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

MARCH 2, 2021

What sizes should you offer for each product at each location? If you run out of stock on winter jackets at your busy locations, you will not have an accurate gauge as to what your true demand was last year and you will repeat the same mistake in your forecast for next year. . How seasonal is your business? Do you run promotions?

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Fashion Markdowns Promotions Accounting 41

Retalon

MAY 25, 2020

This strategy of incremental markdowns is also used as a product is nearing the end of its season. And if you could answer these questions accurately, at scale, for every Product / Location, you would no longer be thinking of pricing strategy in concepts like “high-low.”

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Markdowns Promotions Management Marketing 41

Retalon

APRIL 14, 2021

It needs to be relevant to the current (and upcoming trends), as well as sensitive to the unique geo0demographics of your channels and locations. Don’t use the same product assortment across all locations. Clustering retail locations by common attributes let you tailor the assortment more closely.

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Markdowns Planning Location Accounting 41

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Unified replenishment solutions account for inventory across all channels and locations enabling inventory rebalancing and allocation. Periodic Strategy. ABC analysis (a.k.a

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Inventory Management Fulfillment Markdowns Location 47