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.

Markdowns 273

Markdowns Operating Expenses Department Stores Planning 273

Inside Retail

JANUARY 30, 2024

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. This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 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.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Retail TouchPoints

SEPTEMBER 29, 2022

To help address this, some retailers have been using advanced artificial intelligence (AI) to improve forecasting capabilities and optimize markdown processes to reduce product waste. In return, sustainability presents an opportunity for retailers to give people what they want and benefit the planet while helping the business’ bottom line.

Fast Fashion 332

Fast Fashion Fashion Markdowns Consumer 332

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 225

Promotions Markdowns Returns Shopping 225

Inside Retail

AUGUST 25, 2022

Some of your variable expenses like marketing come under scrutiny. Advice: Any CEO is measured by the profit margin they generate from the turnover of their inventory, so it’s critical to always measure your return on working capital. We really concentrated on the category and defended our market share at all costs.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Independent Retailer

DECEMBER 23, 2022

.” Here are 7 tips for retailers on how to better manage their wholesale inventory and get rid of some of that product bloat: Return for a Refund or Credit. Offer Promotions & Product Markdowns. Return for a Refund or Credit. Offer Promotions & Product Markdowns. Help Shoppers Find the High Stock Products.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

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

Retail Adventures

JULY 1, 2020

Make Sure Your Return Policy is Competitive. If every one of your competitors accepts returns and exchanges but your policy screams NO! If you don’t have a return policy here’s a good place to start: “Returns and exchanges gladly accepted within days. Be Prepared for Markdowns. Your receipt guarantees it.”

Markdowns 83

Markdowns Returns Planning Promotions 83

Retail Smart Guys

DECEMBER 11, 2022

Also, it oversees purchasing items from suppliers until they are sold to the market. With that, customer satisfaction becomes more favorable because you can offer what they need from your store and do not waste their time since you know your products rather than making them wait with nothing in return.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

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 130

Promotions Markdowns Returns Shopping 130

Mass Relators

AUGUST 25, 2022

We are improving the shopper experience and positioning the company to deliver long-term profitable growth and attractive returns on capital.”. The post Dollar Tree sees second quarter sales gain appeared first on MMR: Mass Market Retailers. Consolidated net sales increased 6.7% billion from $6.34 on a constant currency basis (or 4.8%

Markdowns 52

Markdowns Returns Consumer Marketing 52

Independent Retailer

SEPTEMBER 5, 2022

Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020. With the return on inventory investment slowed, cash flow predictability was damaged. Even Target recently admitted its plans to ‘right-size its inventory’ by making additional markdowns across the board. The result?

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

Wiser

JANUARY 12, 2021

Doubling the wholesale cost allowed retailers to take into account fixed and variable costs, such as coupons, theft, returns, and other common margin-eaters while still turning a profit. We often see this strategy used in luxury markets or when a product is highly differentiated from its competitive offerings.

Wholesale 78

Wholesale Shrinkage Markdowns Returns 78

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

Retalon

OCTOBER 8, 2020

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. 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

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

Retalon

FEBRUARY 10, 2022

Drastic Markdowns. Last minute markdowns that offload stock at a loss. Inventory storage, overstock management, ROI lost to markdowns, even lost sales due to stockouts, are all tangible costs of bad inventory. Don’t lose market share to bad inventory management. Indicators you’re managing bad inventory.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retail Minded

AUGUST 27, 2022

Even returns are up – reaching 16.6% With the return on inventory. inventory’ by making additional markdowns across the board. overselling, and make informed decisions around purchasing, marketing, pricing and even. High rates of inflation and increased cost-of-living means consumers are buckling down. The result?

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

Independent Retailer

AUGUST 19, 2022

If products are not turning at all, retailers need to look to things like markdowns to move the inventory out and make room for things that consumers are looking for right now,” Daniels said. Returns: The Pain Point for Retailers. Holiday returns are always a big issue for brands every year.

Shipping 85

Shipping Merchant Services Consumer Returns 85

Retalon

APRIL 27, 2021

Traditionally, retailers have treated forecasting, planning, pricing, inventory, and promotions (marketing) as completely separate domains, often with competing mandates. Promotions can increase foot traffic and sales of market basket items, while simultaneously cannibalizing sales from a variety of other SKUs.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 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. Why invest in pricing and promotions? Retail IT Investment is a Smart Move.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retail Adventures

JANUARY 1, 2024

Your return/exchange policy should be comparable to other retailers in your area that sell what you sell. becomes customer-friendly when changed to “We gladly accept returns and exchanges within days. Don’t wait too long to take a markdown. Marketing 35. No refunds or exchanges without receipt!” Measure your results.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Mass Relators

DECEMBER 12, 2022

This resulted in higher-than-anticipated supply chain costs, including fees incurred for delays in returning shipping containers and higher transportation costs caused by the need to service stores from suboptimal distribution center alignments. Selling, general and administrative expenses as a percentage of net sales were 22.7%

Drop-Shipping 52

Drop-Shipping Markdowns Apparel Planning 52

Retalon

MARCH 2, 2021

How do you handle returns? Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns. For example your assortment, operations, marketing, etc.). How seasonal is your business? Crawl-Walk-Run.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Adventures

AUGUST 25, 2021

Your return/exchange policy should be comparable to other retailers in your area that sell what you sell. becomes customer-friendly when changed to “We gladly accept returns and exchanges within days. Don’t wait too long to take a markdown. Marketing 35. No refunds or exchanges without receipt!”

Returns 83

Returns Cross Merchandising Promotions Marketing 83

Retalon

APRIL 14, 2021

Wide assortment breadth allows retailers to appeal to bigger demographics, but make it more difficult to appeal to more dedicated and loyal niche markets. Deep assortments can appeal to a smaller, more passionate customer base that spends more and returns regularly. 5 Highly Effective Retail Markdown Strategies that Work in 2021.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

DECEMBER 8, 2021

In today’s market, putting the right fulfillment system in place gets you a competitive edge. How complicated is the returns process? This includes everything from purchasing inventory to returns management. The unfortunate reality of the retail industry is that product returns are inevitable, especially with online sales.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

SEPTEMBER 1, 2020

Co-marketing funds you receive require investments in store merchandising and promotional campaigns. Fixing the problem through stock rebalancing or price markdowns will be expensive. Outside market research from retail specialists can give some insight into new product categories. Getting off on the right foot is critical.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

SEPTEMBER 22, 2021

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers are able to view the item before purchase, minimizing returns. Payment, return, and exchange policies. How does BOPIS work?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. – Ease and efficiency of taking products to market. . – Ease and efficiency of taking products to market. – Promotions, event and markdowns. – Consumer preference. – and more.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. – Ease and efficiency of taking products to market. . – Ease and efficiency of taking products to market. – Promotions, event and markdowns. – Consumer preference. – and more.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

JULY 4, 2018

These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. Buy in-store, return to another store (46%). If there is one constant in retail is that nothing ever stays the same.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Prices (markdowns, promotions, competitor prices, etc.). Training effective AI models must happen at a granularity that matches your unique business rules, processes and market conditions. Inventory levels (store, warehouse, distribution centers). Traffic cameras (foot / vehicle traffic).

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

AUGUST 14, 2023

The goal is to weave these channels together seamlessly so customers can: Purchase online and return in-store Browse in-store and buy online later Have their data and shopping cart synced across all platforms Omnichannel retail delivers convenience, flexibility, and personalization to meet modern customer expectations. Let’s dive in!

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 11, 2020

Woman look at the stock market data on computer monitor. That’s why retail key performance indicators are dominated by inventory-based metrics like Gross Margin Return on Investment and In Stock Percentage. Qualitative forecasts are built up from market research and expert predictions. Image Credit: SupplyChainDigest.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41