Retalon

SEPTEMBER 1, 2023

Yes, the holiday shopping season is short–and apparently getting shorter. The average holiday shopping duration among consumers in the US has gone from an average of 7.1 Todd Vasos, CEO of Dollar General, said the stores saw a rise in higher-income households shopping there too. Instead, prioritize strategic markdowns.

Markdowns 41

Markdowns Net Profit Consumer Location 41

Retail Focus

DECEMBER 8, 2021

Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3% With increasing numbers of retailers passing on rising production costs – prompted by supply chain tension and labour market shortages – to the consumer, the CBI warns shoppers face the biggest price rises in 30 years this Christmas.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail Adventures

SEPTEMBER 4, 2022

How often do you mystery shop your competition – in person, online and on social medias? Shopping your competition is an exercise that needs to happen at least once a quarter. When we mystery shop we carefully examine the operational categories in the store, and then rate each one on a scale of 1 to 10. Monthly, yearly?

Shopping 52

Shopping Merchant Services Visual Merchandising Markdowns 52

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.

Checkout 295

Checkout Markdowns Apparel Promotions 295

Retail TouchPoints

SEPTEMBER 8, 2023

Today’s promise engines have gotten smarter about transit time, carrier rates, inventory location and other factors. Additionally, you can configure different promise speeds for different categories, as well as determine where the promise is displayed, such as on the product detail page or in the shopping cart.

Merchant Services 224

Merchant Services Shipping Fulfillment Markdowns 224

Inside Retail

JANUARY 30, 2024

Keeping staff connected on the shop floor Bretherton says Zebra Technologies’ tablets and touch computers – connected to new-generation communications software – are resulting in an 8 per cent reduction in employee turnover – and a similar rate of improvement in customer feedback scores. “If

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

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 271

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 134

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. There’s more: 55 percent of gift card recipients require more than one shopping trip to the store to spend the balance of their card – that’s good news for you. customers will go some place else to shop.

Markdowns 90

Markdowns Returns Promotions Planning 90

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Digital transformation has changed the way consumers shop and how retailers operate.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

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.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Indigo 9 Digital

SEPTEMBER 7, 2022

Then the COVID-19 pandemic hit and consumers around the world were forced to shop online sending digital sales to levels never seen before. With more pricing control brands can offer more merchandise at full price, avoiding markdowns which are thought to negatively impact a luxury brand’s image. It’s a test and learn approach.”.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. This is part of Marks & Spencer’s strategy of "moving with the customer, where the customer is working and shopping" said Rowe. "We Do you like this content?

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . What sizes should you offer for each product at each location? Once you start “peeling the onion”, you quickly discover that each retailer has business-specific considerations that are critical for their business.

Fashion 41

Fashion Markdowns Promotions Accounting 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.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

JUNE 11, 2021

And retailers are rushing to offer new fulfillment options, like “buy online, pick up in-store” (BOPIS), curbside pickups, cashless checkouts, drop-shipping, mobile shopping and more. Increased Carbon Footprint: The shift to “next-day” e-commerce has increased the logistics associated with fulfilling an order and accepting returns.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

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. The customer visits a retail store’s e-commerce website and adds products to their shopping cart.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

APRIL 27, 2021

In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. While pandemic-era safety concerns contributed to this growth, the selection and convenience that online shopping offers to consumers are the primary drivers. to optimize inventory for gross margins. This number will continue to grow.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

APRIL 21, 2021

direct-to-consumer e-commerce orders), retailers now have to worry about fulfilling orders across multiple complex channels and B&M locations. Instead of turning every B&M store into a fulfillment node, some retailers have realized massive cost savings by centralizing fulfillment to a select few locations.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

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. Remember, its job is to transition customers from whatever they were doing outside of your store and refocus them on shopping. Can two customers easily shop the same aisle/area?

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

Retalon

AUGUST 16, 2019

Delivering an experience that feels personalized to shoppers, while also… Creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand. This balance act can prove to be very tricky. This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

In any business undertaking that caters to a consumer marketplace, there are two major challenges – delivering an experience that feels personalized to shoppers, while simultaneously creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

MARCH 4, 2019

It then calculates the demand of every individual SKU across each location and/or channel and then proactively makes profitable recommendations. Every time a number is changed, the entire plan must be re-calibrated to consolidate the number and make sure it works across all locations, products etc.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retail Adventures

AUGUST 25, 2021

BOPIS (Buy Online Pickup In Store) and curbside pickup will continue to expected standards of operation because customers love the ease of shopping. Add additional conveniences such as personal shopping services, both in person and virtually, and your store will stand out among competitors. Don’t risk it. Windows that Wow 3.

Returns 83

Returns Cross Merchandising Promotions Marketing 83

Retalon

NOVEMBER 19, 2018

In order to truly understand the cost of lost sales, and just how many customers they will be losing, Coach needs to understand the shopping habits and preferences of fur-buyers, and also identify what products are being offered by competitors that could steal your customers. 2) Customers stand by Coach’s decision.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

In order to truly understand the cost of lost sales, and just how many customers they will be losing, Coach needs to understand the shopping habits and preferences of fur-buyers, and also identify what products are being offered by competitors that could steal your customers. 2) Customers stand by Coach’s decision.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

SEPTEMBER 11, 2020

Demand varies based on the store’s location, the time of year, and the impact of other SKUs in the assortment. On top of that, even smaller retailers must address the multi-channel reality of today’s shopping environment. Optimizing your inventory investment requires a much more nuanced understanding of each SKU’s demand.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location.

Fulfillment 36

Fulfillment Markdowns Shipping Inventory Management 36

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location.

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

NOVEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location.

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

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. Top retailers achieve smooth cross-channel operations with the use of Unified Pricing, Promotion, and Markdown Optimizations solutions. Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Wiser

OCTOBER 13, 2020

Here are some of the most common types of trade promotions: Discounts and markdowns. Offering markdowns or discounts for specific channel partners could appeal to the most price-sensitive segment of their shoppers. Some friendly competition between individual locations can be a great incentive for each one to push your products.

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Promotions Visual Merchandising Markdowns Wholesale 78

Retail Adventures

AUGUST 16, 2022

This year start your Golden Quarter planning now: 2022 Dates to Remember This year Black Friday is on November 25, Small Business Saturday is November 26, Cyber Monday is November 28, and the biggest shopping day of the holiday season will be December 17, the Saturday before Christmas. People tend to stop shopping once their hands are full.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retail Adventures

OCTOBER 22, 2020

2020 Dates to Remember: This year Black Friday is on November 27, Cyber Monday is November 30, Small Business Saturday is November 28, and the biggest shopping day of the holiday season will be December 19, the Saturday before Christmas. Of course, your store will be open for shopping with real money after the auction ends.

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Markdowns Advertising Planning Cross Merchandising 98