Retail TouchPoints

OCTOBER 3, 2023

When it came to inventory planning and optimization, stores were planned, allocated and/or replenished, and transacted with their customers entirely separately from the digital channel. This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today.

Fulfillment 286

Fulfillment Drop-Shipping Shipping Markdowns 286

Wiser

MARCH 14, 2025

The Complex Role of a Category Manager Category Managers sit at the center of a high stakes balancing act. Their days are a flood of supplier negotiations, promotional planning, and cross-functional meetingsall demanding swift, strategic decision-making. Every product decision carries weight.

Management 78

Management Inventory Turnover Promotions Markdowns 78

Inside Retail

JULY 22, 2021

The warehouse, situated in Ravenhall, Victoria, will serve Myer’s stores and online efforts, will hold over 100,000 SKUs, and is key to the next phase of the department store’s ‘Factory to Customer’ initiative – and is another important step in the ongoing ‘Customer First Plan’ according to chief executive John King.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

Consumer 246

Consumer Markdowns Planning Shopping 246

Inside Retail

APRIL 1, 2025

Though promotional cycles were a boon for sales, Diez-Simson said that managing the tension between cashflow and margin became her biggest challenge in 2024. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

Promotions 130

Promotions Finance Markdowns Drop-Shipping 130

Retail Focus

JUNE 3, 2021

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. Think of pricing in the context of the full lifecycle, from everyday price through promotions and markdowns/clearance.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Inside Retail

FEBRUARY 9, 2022

An increase in volatility in any one of these variables would be troublesome for a retailer, but when all six are in play it makes for a perfect planning storm. The planners in turn use data and adopt planning methodologies of varying complexity to move stock at optimum price and margin. .

Planning 130

Planning Markdowns Sporting Goods Shipping 130

Retail Smart Guys

JANUARY 16, 2025

What is Inventory Management, and Why Does It Matter? Inventory management is the process of tracking and optimizing stock levels to meet customer demand while maximizing profitability. How Retail Smart Guys Can Help With expert open-to-buy planning, Retail Smart Guys helps you: Stock the right products at the right time.

Inventory Management 98

Inventory Management Management Markdowns Fulfillment 98

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. Retailers can then run “what if” simulations, calibrate demand forecasting, improve inventory planning, formulate strategies for supply chain segmentation and more.

Merchant Services 290

Merchant Services Markdowns Store Operations Planning 290

Retail TouchPoints

SEPTEMBER 23, 2024

Optimize Seasonal Promotion Plans Seasonal promotions are a staple in retail, but not all promotions are created equal. This strategic approach to promotion planning can help retailers avoid unnecessary discounting while still driving sales during peak periods.

Promotions 147

Promotions Markdowns Planning Retailing Pricing 147

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 311

Markdowns Operating Expenses Department Stores Planning 311

Retail TouchPoints

OCTOBER 15, 2021

More and more, that means rethinking product development and expanding their sizing and assortment planning to represent a wider range of sizes and body shapes. But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. billion in the U.S.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Inside Retail

MARCH 15, 2022

With customer demands coming in hotter and the stakes higher than ever, assortment planning is the key to profit growth. Here, we help you avoid profit margin mayhem with a considered, data-driven assortment plan. What is assortment planning? This is all managed by the store grading. Why is assortment planning important?

Planning 130

Planning Markdowns Store Layout Location 130

Retalon

FEBRUARY 5, 2025

In todays fast-moving retail landscape, outdated assortment planning methods lead to lost revenue, frustrated customers, and inefficient operations. Retailers using AI-based assortment planning have seen a 36% SKU reduction while increasing sales by 1-2% ( McKinsey ). Why Is Assortment Planning in Retail So Challenging?

Planning 41

Planning Markdowns Marketing Consumer 41

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 306

Merchant Services Payment Services Accounting Checkout 306

Inside Retail

MARCH 5, 2025

In a press release, Jean-Marc Bellaiche, Printemps Groupes chief executive officer, stated, “We think we can bring something unique, both to its engaged local consumer base and the strong tourist flows the city welcomes We plan to pioneer a new format of experiential retail in this fast-changing and demanding market.”

Retail Marketing 130

Retail Marketing Department Stores Marketing Markdowns 130

Inside Retail

JULY 6, 2022

Supply chain disruption may have become a singularly hot topic in retail circles these past years, but a focus on improving supply chain planning and forecasting is far more than just a passing trend. The systems are now being employed to manage volatility in demand and material shortages throughout the global supply chain.”.

Planning 130

Planning Supply Chain Management Markdowns Management 130

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 98

Inventory Management Wholesale Management Markdowns 98

365 Retail

JUNE 16, 2021

Online retail giant The Very Group will continue to enhance its pricing strategies with DemandTec Markdown Optimisation. The post The Very Group Renews DemandTec Markdown Optimisation appeared first on 365 RETAIL | Retail News.

Markdowns 59

Markdowns Accessories Planning Management 59

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Inventory management best practices enable you to run your business most effectively and profitably.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Inside Retail

APRIL 17, 2023

You’ll probably have to adjust margins to implement this model effectively, and it’s likely that the ‘better’ offer will end up being the largest seller, so plan your orders accordingly. Tread carefully because markdowns will bite hard if you misjudge stock weights. And you’ll need a pre-planned mechanism to achieve that.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Retail TouchPoints

FEBRUARY 12, 2021

RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best. RFID captures all inventory in-store and online.

Fulfillment 286

Fulfillment Markdowns Inventory Management Customer Experience 286

Retail TouchPoints

FEBRUARY 2, 2022

Begin with what you have and build a plan to fill in the gaps. 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).

Retailing Pricing 246

Retailing Pricing Markdowns Accounting Outdoor 246

A1 Retail

FEBRUARY 28, 2025

The top ten innovations selected for the shortlist in 2025, listed in alphabetical order, are: AIPERIA (stand #SU18) An AI solution that redefines ultra-fresh food management, using over 150 data points to generate precise demand forecasts, ensuring the right product availability while minimising waste and maximising profitability for grocers.

Markdowns 66

Markdowns Promotions Grocer Location 66

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

Retail TouchPoints

JULY 31, 2023

of retail sales, has multiple causes, including inaccurate demand planning, lack of inventory visibility and inadequate staff training. This has mostly been worked through and demonstrates that retailers are becoming more effective in managing their inventory levels and avoiding excessive stockpiling in 2023.”

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

Retail TouchPoints

AUGUST 19, 2024

Just six years after the disastrous Cambridge Analytica scandal, the tech giant has managed to rehabilitate its image by refining its algorithm to avoid relying on sensitive personal information. Fabrizio Fantini, PhD is VP of Product Strategy at ToolsGroup , a supply chain planning and optimization firm.

Consumer 306

Consumer Markdowns Promotions Advertising 306

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. At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Retalon

MARCH 21, 2025

AOP meaning – Annual Operating Plan, is a comprehensive strategic plan that outlines a companys financial goals, key initiatives, and operational tactics for the upcoming fiscal year. For retailers, an AOP serves as a central planning tool that drives alignment across departments and informs high-level decisions.

Markdowns 41

Markdowns Finance Promotions Planning 41

Retail Smart Guys

FEBRUARY 3, 2025

With an open-to-buy (OTB) plan , retailers gain the clarity and control needed to optimize inventory management effectively. What Is an Open-to-Buy Plan? An open-to-buy plan is essentially a purchasing budget designed for inventory management. This balance isnt a far-fetched goal. billion annually. GET STARTED NOW.

Inventory Management 52

Inventory Management Management Markdowns Planning 52

Retail TouchPoints

NOVEMBER 3, 2020

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

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

AUGUST 26, 2024

The company plans to lay off approximately 4000 employees, which represents 10 per cent of Sephora China’s total workforce. These significant markdowns, while attractive to consumers in the short term, have potentially far-reaching implications for brand perception and long-term profitability in the Chinese market.

Markdowns 147

Markdowns Promotions Marketing Consumer 147

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. Most importantly, as a public company, documenting your inventory and management processes fulfills the requirement of concerned government agencies.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

Inside Retail

AUGUST 25, 2022

Suppliers were going broke left, right and centre, so it was all about the efficient management of inventory. But the biggest risk is buying and the efficient management of our working capital. Of course, you also have to manage costs, but that’s always important. We also had a forensic focus on our inventory stock turn.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Retail Gazette

JANUARY 8, 2024

The retailer bolstered its online offer last month by adding 10 new third-party fashion brands to its website including Quiz, Yumi and Vanilla with more planned for later this year. It comes as Matalan saw its second quarter EBITDA skyrocket 30% to £47.9m, which it attributed to a tight control of markdowns, effective cost management and a 0.8%

Markdowns 111

Markdowns Fashion Planning Management 111

Retail Smart Guys

JANUARY 6, 2025

Smarter Inventory Management More products dont always mean more profits. The Challenge : Excess inventory eats into profits through markdowns, while understocking risks disappointing customers. The Solution : Retail Smart Guys can help you maintain optimal inventory levels by providing a detailed monthly plan for the next 12 months.

Markdowns 75

Markdowns Inventory Management Planning Management 75