Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 185

Outdoor Markdowns Apparel Fulfillment 185

Inside Retail

MARCH 15, 2022

With customer demands coming in hotter and the stakes higher than ever, assortment planning is the key to profit growth. Here, we help you avoid profit margin mayhem with a considered, data-driven assortment plan. What is assortment planning? Why is assortment planning important? More on this later. Hello, retention!

Planning 130

Planning Store Layout Markdowns Location 130

Retail TouchPoints

APRIL 27, 2021

The solution also will help Sally Beauty create more effective promotions through enhanced targeting and develop profitable markdown plans. Among the activities Americans plan to engage in during what Vagaro refers to as a “Quarantine Glow-Up” are enhanced skin and haircare routines — Sally Beauty’s sweet spot.

Markdowns 264

Markdowns Promotions Planning Target Market 264

Inside Retail

JULY 6, 2022

Supply chain disruption may have become a singularly hot topic in retail circles these past years, but a focus on improving supply chain planning and forecasting is far more than just a passing trend. The post AI-driven solutions take supply chain planning to the next level appeared first on Inside Retail.

Planning 130

Planning Supply Chain Management Markdowns Management 130

Retail TouchPoints

SEPTEMBER 1, 2023

In addition, the retailer is revising its planned same-store sales growth of 1.0% Dollar General also executed nearly 850 real estate projects during Q2 2023, “further extending our reach and expanding our ability to serve both new and existing customers,” Owen explained. Dollar General plans to spend between $1.6 in Q2 2022.

Markdowns 249

Markdowns Apparel Planning Consumer 249

Retail Focus

JUNE 3, 2021

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. Think of pricing in the context of the full lifecycle, from everyday price through promotions and markdowns/clearance.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Retail TouchPoints

NOVEMBER 29, 2022

The retailer also is guarding against supply chain shocks by expanding its network of coastal holding facilities, including a new one Lowe’s plans to open in Suffolk, Va. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

Fulfillment 267

Fulfillment Markdowns Store Operations Customer Experience 267

Retail Smart Guys

FEBRUARY 19, 2024

As we embark on the exciting journey that is 2024, I wanted to share something that has proven to be a game-changer for our clients at Retail Smart Guys and that is our Inventory Planning service. With our Inventory Planning service, we go beyond traditional methods. Navigating the ebb and flow of retail demands a strategic approach.

Markdowns 52

Markdowns Planning Location ATS 52

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

Inside Retail

JULY 22, 2021

The warehouse, situated in Ravenhall, Victoria, will serve Myer’s stores and online efforts, will hold over 100,000 SKUs, and is key to the next phase of the department store’s ‘Factory to Customer’ initiative – and is another important step in the ongoing ‘Customer First Plan’ according to chief executive John King.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Retail Smart Guys

MARCH 23, 2024

For our client, and indeed for all our partners, we go beyond the conventional by providing a detailed monthly open-to-buy plan for each class, with a focus on individual locations for multi-store retailers. Then we provide a detailed monthly open-to-buy plan for each class (by location for multi-store retailers).

Markdowns 52

Markdowns Inventory Management Location Planning 52

Retail Dive

AUGUST 17, 2022

The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?

Markdowns 105

Markdowns Planning Consumer 105

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

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. Genesco’s gross margin was 47.3% in Q1 2023.

Location 186

Location Markdowns Accounting Promotions 186

Retail Wire

MAY 18, 2021

The fashion label is planning to offer additional features include customized patterns and logos over the next year. David Lauren, the company’s chief innovation and branding officer and vice chairman of the board, said that the customized polos will enable the company to reduce waste, limit inventory and cut markdowns on the brand.

Markdowns 100

Markdowns Fashion Planning 100

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. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

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. But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. billion in the U.S.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

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 278

Merchant Services Markdowns Store Operations Planning 278

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 Gazette

JANUARY 8, 2024

The retailer bolstered its online offer last month by adding 10 new third-party fashion brands to its website including Quiz, Yumi and Vanilla with more planned for later this year. It comes as Matalan saw its second quarter EBITDA skyrocket 30% to £47.9m, which it attributed to a tight control of markdowns, effective cost management and a 0.8%

Markdowns 111

Markdowns Fashion Planning Management 111

Retail TouchPoints

MARCH 3, 2023

We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales. Dollar Tree’s outlook includes about $430 million in operating expenses across a number of investments, including plans to increase average wages by $2 per hour. “We during Q4, but they were up 0.6%

Markdowns 286

Markdowns Operating Expenses Department Stores Planning 286

Retail Smart Guys

SEPTEMBER 2, 2022

Then, a comprehensive monthly open-to-buy plan for each class (by location for multi-store retailers) is provided. With this kind of system in place, RSG helps to reduce your markdowns and increase your profitability.

Planning 40

Planning Markdowns Inventory Management Location 40

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

At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability. Woolworths worked with GS1 to complete a full roll-out of 2D barcodes on its fresh produce and chilled items. Their journey began in 2017 with just loose produce. “At

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Retail Gazette

MARCH 11, 2024

to £288.6m, which it attributed to the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. Matalan revealed last October its EBITDA came in at £47.9m in its second quarter, with sales up 0.8%

Markdowns 59

Markdowns Fashion Accounting Planning 59

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

Retail TouchPoints

NOVEMBER 25, 2020

Retailer Plans to Use Solution Across Multiple Channels. This customer-level profit insight can inform every business decision, from where to acquire the highest value customers to how best to serve them in a retail store and at the residential doorstep. ”.

Markdowns 193

Markdowns Fulfillment Shipping Marketing Spend 193

Retalon

JANUARY 6, 2021

An effective replenishment plan will drive profit. There is an age old saying, and it goes like this: “you don’t plan to fail, you fail to plan.” ” And what can be easier than planning replenishment? All you need to do is plan to replenish the products that you sell out of.

Planning 41

Planning Markdowns Accounting Shipping 41

365 Retail

SEPTEMBER 18, 2023

A further 41% have started meal planning to cut down on overbuying food that could lead to food waste, up +5% year-on-year. Currently, 90% of retailers use static markdowns to sell-through fresh or ambient products nearing their best, which apply binary discounts at various stages leading up to the end of the product’s shelf life.

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

Retail Smart Guys

DECEMBER 11, 2023

As someone deeply immersed in the world of retail, I’ve witnessed firsthand the transformative power of Merchandise Planning and Open-To-Buy, especially when executed with precision and done right. Whether you’re a seasoned retailer or just starting, having a clear plan and financial strategy is the key to sustained growth.

Markdowns 52

Markdowns Inventory Management Planning Location 52

Retail Gazette

MARCH 11, 2024

Matalan’s pandemic cost-cutting efforts returned the business to stable ground ahead of its sale last year, helping to provide a launchpad as it steps up its transformation plans under CEO Jo Whitfield. in its second quarter, with sales up 0.8% Matalan said it will report its full year results for the current trading period in June.

Markdowns 52

Markdowns Fashion Accounting Returns 52

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

Talking Retail

OCTOBER 12, 2021

All of the group’s 920 stores are making the markdowns on goods including rice, pasta, cereal and tinned goods in a bid to further reduce food waste. The reduction plans to give customers a chance for a bargain as. Aldi is introducing a policy of selling food at 30% reduction if its packaging is damaged.

Markdowns 64

Markdowns Planning ATS 64

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 Smart Guys

JANUARY 26, 2023

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. Markdown Items A retail slowdown means less business activity which could result in a slow entry of revenues. Get your skates on and start rolling with Retail Smart Guys.

Markdowns 52

Markdowns Planning Promotions Marketing 52

Retalon

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retail Adventures

JULY 13, 2021

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 2021. Plan each event, buy product for each event as needed, and get your team involved. Start here: 1.

Markdowns 98

Markdowns Returns Planning Promotions 98