article thumbnail

Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

Additionally, shoppers are continuing to buy even after school has started to save on markdown items and stretch their budgets further. “Buyers across income levels are choosing to trade down, purchasing less expensive store brands and online options. Retailers should plan for an extended back-to-school season.”

Markdowns 337
article thumbnail

Understanding How Consignment Works: A Guide for Sellers and Buyers

Small Biz Trends

Consignment Process: Sellers select items based on quality and demand, retailers showcase these items, and payment is made to sellers after a sale, typically at a commission rate of 40% to 60%. It’s a win-win situation for both sellers and retailers, providing a platform for items to reach a broader audience.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

This article reveals effective strategies to safeguard brands’ customers, reputation and revenue moving forward. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Furthermore, 40% of respondents lost more than 10% of their revenue. Inflation and the Incredible Shrinking Margin.

article thumbnail

Save Big on Amazon New Year Sale: Smart Shopping Strategies for 2023

Small Biz Trends

Investing in these technologies often leads to improved efficiency and better data security for your business. Cloud storage and data backup systems enable secure payment processing and network security, vital for protecting sensitive information.

article thumbnail

Streamline Your Supply Chain with Merret Pro: The Ultimate Retail ERP Solution

Retail Assist

Whether it's e-commerce platforms, customer engagement solutions, fulfilment partners, marketplaces, or business intelligence tools, Merret Pro has you covered. This extensive integration capability ensures that you can streamline your operations by leveraging existing systems and tools that work best for your business.

article thumbnail

Press Release: enVista brings Retalon’s AI to their Unified Commerce Solutions.

Retalon

Combining Retalon’s artificial intelligence (AI) and predictive analytics tools with enVista’s cloud-native, Order Management System (OMS) will offer retailers an integrated solution to make smarter inventory and fulfillment decisions, resulting in increased revenue and profits. About enVista OMS. About Retalon: . About enVista.

article thumbnail

Streamlining Retail Operations With Innovative Tech Solutions

365 Retail

Streamlining Checkout and Payments Long checkout lines are a great way to frustrate customers and lose sales. Contactless payments and mobile checkout solutions eliminate this pain point. Staff can process payments from anywhere in the store, reducing bottlenecks.