Retail TouchPoints

OCTOBER 22, 2020

Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively. While there has been much discussion of the shift to online shopping, in reality the figures prior to 2020 remained relatively low as a percentage of overall retail spending.

Promotions 130

Promotions Markdowns Returns Shopping 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 76

Inventory Management Wholesale Management Markdowns 76

Retail TouchPoints

AUGUST 19, 2021

In fact, 58% said school would be a bigger deal this year and 56% said they are more excited about shopping for back-to-school items this year. With this data in mind, and the large majority of kids going back to in-person learning, I don’t think [the Delta variant] will impact back-to-school shopping.” and how long will it last?

ATS 298

ATS Markdowns Consumer Social Commerce 298

Inside Retail

JUNE 1, 2021

A new online shopping site is set to launch in Australia this month that aims to update the traditional outlet mall experience for a Gen Z and millennial audience. As general manager of eyewear brand Carolina Lemke Berlin, he had a lot of surplus stock and felt there wasn’t a good way to clear it. “I’ve

Consumer 246

Consumer Markdowns Planning Fulfillment 246

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.

Markdowns 147

Markdowns Promotions Consumer Planning 147

Retail Focus

DECEMBER 8, 2021

The UK’s cost of living squeeze is making Millennials and younger demographics more sensitive to pricing and promotions, the latest research from antuit.ai , the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

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 257

Merchant Services Inventory Management Grocer Customer Experience 257

Retail TouchPoints

FEBRUARY 15, 2023

Accenture’s AI.Retail platform — which helps retailers better utilize data and artificial intelligence to optimize common operations such as customer acquisition, pricing and promotions, assortment and supply chain — can now be deployed on Google Cloud. Current customer Albertsons Cos.

Merchant Services 251

Merchant Services Markdowns Store Operations Planning 251

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Web and API Scraping Web and API scraping are often used by competitors to undercut retailers’ pricing and promotions. Fake Account Creation Bots can create fake accounts at scale which are then used to abuse retail promotions.

Merchant Services 275

Merchant Services Payment Services Accounting Checkout 275

365 Retail

SEPTEMBER 16, 2021

Clearly retailers cannot base their price and promotion strategies this year solely on the experience of prior seasons. The result can be costly post-season markdown events that leave retailers stuck with short-life seasonal items that necessitate steep marks or even complete write-offs. Cross-Item Effects at Your Fingertips.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Retail Focus

FEBRUARY 8, 2022

61% said access to digital product information became increasingly important when shopping for expensive items, while 45% have been put off buying a complex or considered purchase when there wasn’t enough product information available.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Retail Design Solutions

FEBRUARY 23, 2024

Introduction In the ever-evolving landscape of retail, technology continues to revolutionise the way we shop. Retailers in these countries have partnered with tech companies such as Waste-less, whose AI-powered system gauges the risk of food items expiring on the shelf and determines whether a markdown is necessary.

Markdowns 52

Markdowns Supermarket Inventory Management Consumer 52

Retail TouchPoints

SEPTEMBER 8, 2023

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. Ecommerce merchant teams invest significant time in analyzing factors such as free shipping thresholds, promotions, pricing and markdowns.

Merchant Services 188

Merchant Services Shipping Fulfillment Markdowns 188

Retalon

AUGUST 14, 2023

Mastering omnichannel ecommerce strategy is essential for retailers to deliver a seamless shopping experience. An omnichannel strategy provides customers with a unified shopping experience across all channels, whether online, mobile, or brick-and-mortar. Omnichannel retail delivers the seamless shopping journeys consumers demand.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Inside Retail

JULY 4, 2023

Despite the lack of clarity in the numbers, Nike President and CEO John Donahoe is heartened, telling investors on a conference call: “With our record-breaking performance during this year’s 6/18 shopping holiday, in which we were the No. 1 sports brand on Tmall, I’m even more confident in our playbook and strategy [in China].”

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

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. So, it came as no surprise when Gartner reported an increasing number of retailers are looking to invest in price management analytics solutions.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

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

Retalon

FEBRUARY 24, 2022

Other benefits of OTB management include: More flexible inventory. Fewer markdowns. Where you expect to finish is your closing inventory plus your planned sales and markdowns. Other sales periods, such as promotional seasons, are also useful. OTB management. Small shops can use quarterly OTB spreadsheets.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Retalon

JUNE 10, 2020

Pricing right is the fastest and most effective way for managers to increase profits.” ( McKinsey & Company ). may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success.

Planning 41

Planning 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

Wiser

NOVEMBER 16, 2016

As the holiday shopping season begins, retailers large and small are looking to meet and surpass sales expectations for the year. Armed with this knowledge, you can infer when your competitors will be launching their campaigns and plan your own accordingly, to maximize the ROI of your promotions.

Promotions 60

Promotions Markdowns Shopping Planning 60

Independent Retailer

AUGUST 19, 2022

85 percent of customers will not shop with a retailer again after having had a poor delivery experience. It may only be August, but July’s Amazon Prime Day event proved the holiday shopping season is already here. How Inflation Will Impact the Holiday Shopping Season. Top Findings and Predictions. Consumers throughout the U.S.

Shipping 85

Shipping Merchant Services Consumer Returns 85

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 5. Failed retail promotions.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

V Count

OCTOBER 5, 2022

Previously, customers used to shop for particular products at a variety of specialized stores. Being competitive to draw clients while making sure the retail store makes enough money from each sale is how profit margins are managed. You may want to sell more of these items or promote them more prominently in your store.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retail Adventures

JANUARY 1, 2024

Remember, its job is to transition customers from whatever they were doing outside of your store and refocus them on shopping. Customers stop shopping once their hands are full so offer every shopper a cart or basket, at the very minimum, ask to hold items they are carrying at the cashwrap until they are ready to check out.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Indigo 9 Digital

FEBRUARY 28, 2023

Source: Bloomberg "[Forever 21] has lost much of the excitement and oomph which is critical to driving footfall and sales and is now something of an also-ran which is too easily overlooked," said Neil Saunders, the managing director of GlobalData Retail. If you are shopping at F21 Red you can pick up a camisole for less than $2.00

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

AUGUST 14, 2023

Customers expect seamless integrated shopping experiences across channels – online, mobile, in-store, etc. For instance, the e-commerce team might be trying to run a promotion while stores have inadequate inventory to fulfill demand. Enhanced Gross Margins Traditional forecasts are often inaccurate, leading to steep markdowns.

Payment Services 41

Payment Services Fulfillment Planning Markdowns 41

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

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. Consumers can find the same products across the globe, and now, consumers can comparison shop online and find the lowest priced goods in seconds.

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. Consumers can find the same products across the globe, and now, consumers can comparison shop online and find the lowest priced goods in seconds.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

NOVEMBER 2, 2021

Let’s take a closer look at how sustainable supply chain management results in efficient, cost-saving operations that are better suited to our current social, and environmental needs. 21st century consumers want a purpose-driven shopping experience, and they are voting with their wallets. More on that later. Perceived high costs.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

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

APRIL 21, 2021

At its most basic, it only requires integrating live inventory counts from your ERP / inventory management software with your e-commerce platform, ensuring customers can get accurate information about which store has the items they’re looking for (or give them the option to ship to store). Minimize and optimize omnichannel returns.

Fulfillment 41

Fulfillment Drop-Shipping Shipping 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. Saves time and money.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

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

AUGUST 16, 2019

The growth of online and mobile shopping spheres has created more opportunities to connect with shoppers, but introduced new challenges where personalization and consistency are concerned. Unless you truly believe you’ll add value and create more incentive for consumers to shop, your time and money could be better spent elsewhere.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32