Remove Management Remove Markdowns Remove Promotions Remove Retail Marketing
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Recharge Your Digital Pricing Strategies with Data Science

Retail Focus

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment. 41% to an in-store flyer today.

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Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

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 Analysis. Market Introduction. Market Recommendations. Representative Vendors.

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How to Forecast Demand in Retail (2020)

Retalon

That’s because many retailers start with the wrong question when attempting to forecast: “How much do I need to sell?”. 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. Demand Forecasting Methodologies.

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Key Tips for Leveraging Personalization in the Retail Industry

Retalon

It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

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Personalization vs. Consistency in the Retail Customer Experience

Retalon

It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

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The Order Fulfillment Process in 2022 and Beyond

Retalon

So, to remain competitive across all channels, retailers have to optimize their order fulfillment process on an ongoing basis. This includes everything from purchasing inventory to returns management. When they are able to do so, retailers have a better chance of meeting their consumer’s needs and are able to save time and money.