Independent Retailer

DECEMBER 23, 2022

This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. “Retailers must pay close attention to consumption patterns and build flexibility into their inventory management to address the changing needs of consumers.” Offer Promotions & Product Markdowns.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.

Markdowns 196

Markdowns Promotions Apparel Shopping 196

Retail Smart Guys

DECEMBER 11, 2022

Facts about Inventory Management. The retail industry is constantly changing, and inventory management gives a better understanding of this inconsistent landscape. Also, it oversees purchasing items from suppliers until they are sold to the market. Finally, we’ll help you reduce markdowns to grow your profitability.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

Inside Retail

OCTOBER 25, 2022

Another is markdowns. Adjust your sourcing strategies to help reduce markdowns. You can ship items from the store or location with the most inventory, the oldest inventory, the lowest sell-through rate or the highest in-store markdowns. This strategy works for seasonal markdowns, too. One way is liquidators.

Markdowns 130

Markdowns Fulfillment Shipping Location 130

Retail Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Inside Retail

JUNE 1, 2021

“We want to be the first port of call for brand-conscious and value-conscious Gen Z and millennial consumers,” said Justin Seskin, one of TheDOM.com’s co-founders, along with Thrills director Howard Blend and It Works managing director Paul Downs. . Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail TouchPoints

MARCH 14, 2023

Managing them correctly is just as important as any other part of the customer journey. When it’s out of season, they have to do markdowns, so it starts a vicious cycle. Someone bought that item a week ago, and now it’s $10 or $20 cheaper, so they return the full price item and buy a markdown item.

Returns 210

Returns Markdowns Fulfillment Consumer 210

Retail TouchPoints

OCTOBER 15, 2021

Because of efforts to address this mismatch of product and real-world sizing, Coresight Research estimates that the value of the extended-size market for women will grow to $32.3 this year alone, representing approximately 21% of the total women’s apparel market. Test the market with new size options and be inclusive in marketing.

Consumer 287

Consumer Merchant Services Markdowns Fulfillment 287

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Even the largest retailers have a difficult time managing scalper bots because of the massive infrastructure scale required to host them. Fighting automated threats isn’t easy and often requires dedicated expertise to manage.

Merchant Services 281

Merchant Services Payment Services Accounting Checkout 281

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton. They also need clarity around what they need to do.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Inside Retail

JANUARY 31, 2022

There are also other supply chain benefits for businesses including improved inventory management, recall readiness, sustainability, ethical sourcing and product authentication. For our customers, it means more accurate and faster identification of fresh produce with fewer errors between varieties and decreased transaction times at registers.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. Growth is now driven by the more complex dynamics of customer acquisition and retention, and digital marketing has introduced a new set of variable costs. Every Retailer Should be Inspired by the Trading Floor.

Markdowns 194

Markdowns Promotions Management Marketing 194

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. In this report: Market Definition. Market Description. Market Direction. Market Analysis. Market Introduction.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retail TouchPoints

FEBRUARY 15, 2023

So it could be markdown optimization or customer analytics or supply chain or assortment and merchandising — there are a lot of use cases that retailers tend to need. and all of those have a data and analytics element, which is what we’re helping them figure out.”

Merchant Services 257

Merchant Services Markdowns Store Operations Planning 257

Wiser

OCTOBER 12, 2021

Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more. Can You Execute at the Store Level?

Markdowns 147

Markdowns Promotions Consumer Planning 147

Retalon

FEBRUARY 10, 2022

Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. Indicators you’re managing bad inventory. Drastic Markdowns. Last minute markdowns that offload stock at a loss. A high cost of overstock management. Bad inventory is an expensive problem.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Mass Relators

MARCH 5, 2024

MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. Target said it maintained appropriate inventory levels by category throughout the year, resulting in lower markdown rates, more effective operations, and stronger in-stock measures compared with 2022.

Markdowns 52

Markdowns Fulfillment Marketing Management 52

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Doesn’t that sound amazing?!

Merchant Services 262

Merchant Services Inventory Management Grocer Customer Experience 262

Inside Retail

AUGUST 25, 2022

Suppliers were going broke left, right and centre, so it was all about the efficient management of inventory. Some of your variable expenses like marketing come under scrutiny. But the biggest risk is buying and the efficient management of our working capital. Of course, we also had a very stringent focus on expenses.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Retail TouchPoints

AUGUST 19, 2021

Ecommerce has been growing 10% to 15% every year and that was exacerbated during COVID-19,” said Natalie Kotlyar, National Managing Partner; Industry Groups, Retail & Consumer Products Industry National Leader, at BDO in an interview with Retail TouchPoints. That means communication with the consumer, not markdowns.

ATS 298

ATS Markdowns Consumer Social Commerce 298

Retail TouchPoints

MARCH 3, 2023

Target Invests in Price and Speed to Attract Shoppers Target ended Q4 with inventory 3% lower than in 2021, a sign that the retailer has managed to overcome the excesses it struggled with through the first half of 2022. during Q4, but they were up 0.6% at its flagship banner and up 5.8% during Q4, but they were up 0.6%

Markdowns 261

Markdowns Operating Expenses Department Stores Planning 261

Retail Focus

DECEMBER 8, 2021

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. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail TouchPoints

SEPTEMBER 15, 2020

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. As a result, consumer behavior has become harder to predict across multiple locations, which makes zone pricing a must for retailers.

Markdowns 208

Markdowns Technical Support Promotions Wholesale 208

Inside Retail

APRIL 17, 2023

Tread carefully because markdowns will bite hard if you misjudge stock weights. If you’re looking to capture more market share, and what retailer isn’t, now would be the ideal time to do it. Themed sales and clearances will do the trick here and, when used correctly, can add to the perception of providing value to your customers.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Wiser

NOVEMBER 29, 2023

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. Effectively implemented, these trade promotion strategies can lead to enhanced market presence, stronger buyer relationships, and increased sales. What is Trade Promotion?

Promotions 146

Promotions Consumer Wholesale Advertising 146

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Decide at which level the budget will be set.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retail TouchPoints

FEBRUARY 2, 2022

I’m an avid runner so naturally I’ve made this analogy, and it’s a great one to describe to retailers who are mired in the minutiae of pricing — especially as the market fluctuates in year two of the pandemic while Amazon makes a different move to any SKU multiple times a day and the supply chain is riddled with hiccups in every link of the chain.

Retailing Pricing 210

Retailing Pricing Markdowns Accounting Outdoor 210

Wiser

MAY 20, 2020

It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns. What is Everyday Low Pricing? In late 2012, J.C.

Markdowns 148

Markdowns Promotions Inventory Management Consumer 148

Retail TouchPoints

SEPTEMBER 8, 2023

The Trouble With Promise Engines The promise engine market is filled with innovative solutions that excel at generating precise promises. Ecommerce merchant teams invest significant time in analyzing factors such as free shipping thresholds, promotions, pricing and markdowns.

Merchant Services 193

Merchant Services Shipping Fulfillment Markdowns 193

Retail Focus

FEBRUARY 8, 2022

Similarly, with real-time integration between the digital shelf and the retailer’s online offer, consistency of pricing, product spec and promotion can be consistently managed more dynamically to improve CX and drive conversions.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Inside Retail

JULY 4, 2023

That’s particularly true of the athletic footwear and apparel business in a growth market like China, where there are a lot of new entrants and the early movers are beginning to seriously sweat the competition. Nike, the market leader, is shrugging it off. Adidas, in its latest release, for the first quarter, reported an 11.9

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Retail TouchPoints

SEPTEMBER 29, 2022

Take for example Ingka Group , a strategic partner in the IKEA franchisee system, which acquired approximately 60,000 acres of forestland in Oklahoma and Texas to boost its responsible forest management. Recommerce. In response, stricter sustainability regulations are emerging on multiple fronts with increasing frequency.

Fast Fashion 321

Fast Fashion Fashion Markdowns Consumer 321

Wiser

JULY 27, 2021

Is it excellent marketing? You’ve got marketing and sales, product, customer support, category management , and many other roles that all tie into brand management. This position focuses on protecting a brand’s presence in the market. When you think of a strong brand, what comes to mind?

Markdowns 158

Markdowns Marketing Management Advertising 158

Wiser

APRIL 13, 2021

You also control the assortment, the marketing, the sales funnel, and everything else. Amazon is known for having the lowest-in-the-market prices, and sellers here are expected to be priced low as well. Selling via your own website can open up more opportunities for you to get creative with marketing. Use Value-Based Pricing.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. The post Walmart revises profit outlook for Q2, fiscal year appeared first on MMR: Mass Market Retailers.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Inside Retail

DECEMBER 19, 2023

According to Lee, for retailers, the process of storing and managing inventory involves significant expenses such as rent for the store and warehouse, transportation costs, and labour expenses. There’s no rush for them to always get rid of any markdowns. The retailer doesn’t sit on stock,” added Dean. They don’t have warehouses.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

Retail TouchPoints

OCTOBER 22, 2020

Fortunately, today’s technology is scalable and can generate price, promotion and markdown recommendations at the store and item level, for both online and in-store online channels, at speeds unimaginable in historical human-centric, manual processes. CPG companies are marketing aggressively direct to consumers.

Promotions 224

Promotions Markdowns Returns Shopping 224