Retalon

MARCH 2, 2021

What channels do you promote through? How do you handle returns? What sizes should you offer for each product at each location? Do you run promotions? Run a promotion last year that you don’t plan for this year? What are your customer profiles? What channels do you sell through? Last Year’s Data is Unreliable.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. These items need to be replaced and either returned to the vendor or donated. It is essential to keep non-sellable products separated from your regular inventory.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retail Adventures

JANUARY 1, 2024

This is especially important if your store is located in an area where people tend to walk, and areas populated with restaurants and bars. Discuss products, policies, promotions – anything store associates need to know that day. Your return/exchange policy should be comparable to other retailers in your area that sell what you sell.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retalon

DECEMBER 8, 2021

As mentioned earlier, in its simplest form, order fulfillment is the physical process of getting a purchased product from a storage location to the customer. Some factors affecting this decision include the proximity of the storage location to the customer, inventory availability, and the labour involved. What is order fulfillment?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retail Adventures

AUGUST 25, 2021

This is especially important if your store is located in an area where people tend to walk, and areas populated with restaurants and bars. Discuss products, policies, promotions – anything and everything store associates need to know that day. Don’t wait too long to take a markdown. Light your window displays at night.

Returns 83

Returns Cross Merchandising Promotions Marketing 83

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Payment, return, and exchange policies.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

JULY 4, 2018

seasonality, price-elasticity, geo-demographic diversity, past promotions) and applies sophisticated mathematics to your specific business rules, policies, and costs constraints. Buy in-store, return to another store (46%). Retalon allows retailers to stay a step ahead of their customers.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. – Promotions, event and markdowns.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. – Promotions, event and markdowns.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

SEPTEMBER 11, 2020

For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. The demand forecast informs plans for more accurate product assortment decisions, promotional strategies, and more. Demand Forecasting Methodologies.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

JANUARY 17, 2022

This is one of the main reasons why leading retailers are bolstering their retail pricing strategy by investing in UPPMO (Unified Price, Promotion, and Markdown) solutions. Pricing is the number one most impactful lever a retailer has to affect GMROI (gross margin return on investment). Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retail Adventures

AUGUST 16, 2022

We’re talking Non-Stop Traffic-Building, Profit-Producing, Attention-Grabbing, Sales-Generating, Competition-Miffing, Customer-Winning Retail Events and Promotions™ like our Guys Night Out, The 12 Days of Christmas, 50% Off Coupon Event, the previously mentioned Create Your Own Coupon Sale and Cash Register Receipt Auction.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retail Adventures

OCTOBER 22, 2020

Place carts and baskets in key locations throughout the sales floor, not just near the door. Spinner racks located near the cash wrap work, too. These signs make it easy for shoppers to locate what they came in to buy. These signs include the promotional and event signs that are meant to be hung for a limited amount of time.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. In particular, effective promotion planning depends on having accurate measurements of In-Stock Percentages. Is the right product getting to the right place at the right time? In-Stock Percentage 2.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

NOVEMBER 2, 2021

Simply put, they have the things you want, when you want them, close enough to your location to guarantee you’ll get them tomorrow. The big-picture reality is that inefficient supply chains are actually costing retailers billions today , and perhaps trillions in the future : Markdowns on excess inventory cost US retailers $300 billion.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

Retalon

SEPTEMBER 3, 2020

As such, the GMROI formula is used to evaluate how successful retailers are in getting a return on their inventory. You may already be familiar with the term Return on Investment or ROI. Traditionally, return on investment measures how much profit you get when you invest a dollar. What is GMROI? How is GMROI calculated?

Returns 41

Returns Accounting Fulfillment Markdowns 41