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

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. 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

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

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 Fulfillment 246

Retail TouchPoints

MAY 30, 2023

The company is looking to pivot Journeys to an off-mall strategy, with 13 locations out of a planned 25 already open. This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. “We Genesco’s gross margin was 47.3% in Q1 2023.

Location 187

Location Markdowns Accounting Promotions 187

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 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 279

Merchant Services Markdowns Store Operations Planning 279

Retail TouchPoints

NOVEMBER 25, 2020

“With COVID and recent market dynamics, tracking variable costs in real time becomes even more important. “Shopper behavior is also less predictable today, requiring more creative experimentation in merchandising and marketing. .

Markdowns 194

Markdowns Fulfillment Shipping Marketing Spend 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

Retalon

AUGUST 22, 2023

Retail merchandise planning is the strategic process retailers use to determine what products to stock, in what quantities, and where to allocate inventory across stores and e-commerce channels. With shifting consumer trends and preferences, retailers need agile planning approaches that can pivot to align with changing times.

Planning 41

Planning Merchant Services Markdowns Consumer 41

Retail TouchPoints

MARCH 3, 2023

Now that supply chains have stabilized, Target is focusing its investments on areas that will help it compete in an increasingly tight market. We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales. during Q4, but they were up 0.6%

Markdowns 287

Markdowns Operating Expenses Department Stores Planning 287

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

Inside Retail

JANUARY 31, 2022

With this next generation of barcodes, there’s a real opportunity to connect with consumers in ways we haven’t before,” explained Richard Jones, chief marketing officer at GS1. 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

Retail TouchPoints

AUGUST 19, 2021

A recent Shopkick survey proposes that these behaviors are likely to continue through the holiday season: 22% of consumers plan to shop for the holiday well ahead of schedule and 25% even plan to finish their shopping by Thanksgiving, which historically has been the “official kick off” of the holiday shopping season.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Retail Smart Guys

SEPTEMBER 2, 2022

If you attain a score lower than eight, you definitely need to raise your game, especially in this competitive retailing market. Then, a comprehensive monthly open-to-buy plan for each class (by location for multi-store retailers) is provided. One of the most effective ways to deal with this is by outsourcing an inventory planner.

Planning 40

Planning Markdowns Inventory Management Location 40

Retail Smart Guys

MARCH 15, 2023

. #2 Buy what you can sell profitably It is essential to follow a merchandise plan to know what you can purchase from suppliers and sell to customers. It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

Inside Retail

JANUARY 30, 2024

The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life. Inventory is the second largest controllable expense and retailers are reporting back an improvement in markdown reduction losses of as much as 50 per cent through using the software to manage planning.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. With the right planning and foresight, retailers that prioritize bot defense will increase their competitiveness while reducing their risk and operating costs. Neil Cohen is Chief Marketing Officer at Kasada.

Merchant Services 299

Merchant Services Payment Services Accounting Checkout 299

Retail Smart Guys

JANUARY 26, 2023

For instance, a sudden drop in the stock market, store closures because of the COVID-19 global health crisis, or typical slowdowns that usually exist within the retail cycle. This can be a great help in your open-to-buy planning, as you can strategically fund a profitable category while reducing or cutting off those that do not.

Markdowns 52

Markdowns Planning Promotions Marketing 52

Inside Retail

AUGUST 25, 2022

Some of your variable expenses like marketing come under scrutiny. One of the concerns analysts have about the current market is that some retail brands are getting over-inventoried, or overstocked. We spoke with customers, watched them shop and planned accordingly. Of course, we also had a very stringent focus on expenses.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

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 233

Retailing Pricing Markdowns Accounting Outdoor 233

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

Independent Retailer

DECEMBER 23, 2022

Offer Promotions & Product Markdowns. This is not a bad option if you plan to keep a long-term relationship. Offer Promotions & Product Markdowns. Dynamic pricing, promotions, and markdowns are strategic ways to tackle inventory management, according to Nari Viswanathan, Senior Director of Supply Chain Strategy at Coupa.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

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. Guardians can also help make money by building up a brand in the market.

Markdowns 158

Markdowns Marketing Management Advertising 158

Retalon

OCTOBER 24, 2023

The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. This means they can’t markdown their products without devaluing the brand.

Markdowns 41

Markdowns Fast Fashion Accessories Consumer 41

Retail Smart Guys

DECEMBER 11, 2022

Also, it oversees purchasing items from suppliers until they are sold to the market. With our very affordable inventory planning service, we can provide you with a detailed monthly open-to-buy plan for each class (by location for multi-store retailers). Finally, we’ll help you reduce markdowns to grow your profitability.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

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

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Mass Relators

DECEMBER 21, 2022

billion last year, largely due to a reduction in revenue from COVID vaccines and testing, store closures and a planned loss of covered lives at Elixir. The post Rite Aid’s third quarter results beat expectations appeared first on MMR: Mass Market Retailers. Adjusted EBITDA was $121.9 million, or 2.0 percent of revenues.

Markdowns 52

Markdowns Accounting Planning Consumer 52

Retail Adventures

JULY 1, 2020

Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2020. Plan each event, buy product for them, and get your team involved. Be Prepared for Markdowns.

Markdowns 83

Markdowns Returns Planning Promotions 83

Wiser

AUGUST 25, 2020

Make sure everyone knows the plan—and is able to execute that plan—to ensure that you’ve got merchandiser support when you need it. 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

Independent Retailer

SEPTEMBER 5, 2022

The key lies in using solutions that drive business intelligence forward, such as inventory planning and demand forecasting software. Even Target recently admitted its plans to ‘right-size its inventory’ by making additional markdowns across the board. The Key Lies in Inventory Planning Software. by Jill Liliedahl.

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

Mass Relators

JANUARY 16, 2023

billion last year, largely due to a reduction in revenue from COVID vaccines and testing, store closures and a planned loss of covered lives at Elixir. The post Rite Aid’s third quarter results beat Wall Street’s estimates appeared first on MMR: Mass Market Retailers. Adjusted EBITDA was $121.9 million, or 2% of revenues. of revenues.

Markdowns 52

Markdowns Accounting Planning Marketing 52

365 Retail

OCTOBER 29, 2021

Retailers are increasingly embracing AI-based solutions for full lifecycle pricing, that provide price, promotion and markdown optimization that keeps pace with rapidly changing competitor, market and shopper behaviours that cannot be predicted by just looking at the past.

Markdowns 52

Markdowns Promotions Planning Management 52

Mass Relators

MARCH 16, 2023

Our fourth-quarter sales results were strong, although below our expectations, and we are pleased with continued market share gains in both consumables and non-consumables, as well as continued growth with new and existing customers,” said Jeff Owen, Dollar General’s chief executive officer. in the fourth quarter of 2022 compared to 22.0%

Markdowns 52

Markdowns Apparel Consumer Planning 52

Inside Retail

JANUARY 26, 2022

New York fashion designer Lindsay Nicholas started her business seven years ago as a side hustle while working in marketing in Singapore. Of course, life doesn’t always turn out as we plan, and we wound up moving to Melbourne in 2017. We’re also not a brand that takes markdowns on stock after six weeks.

Fashion 130

Fashion Drop-Shipping Boutique Markdowns 130

Retalon

OCTOBER 8, 2020

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

The Retail Creative and Consulting Agency

AUGUST 30, 2022

And then you’re like, okay, marketing, let’s get, you know, a hundred thousand different messages out to these people. And marketing’s like, no, no. So that then you get a one-to-one story that’s possible without running your marketing team into the ground. Bacharach: Yeah, exactly. It’s so much effort.

Marketing 40

Marketing Merchant Services Dead-Stock Markdowns 40