Retail Adventures

JUNE 4, 2020

Plan In-Store Events & Promotions: You have brick and mortar stores, online retailers, TV, catalogs, and more coming at you from all sides, all vying for the customers’ attention. As we head into summer and fall, be ready with one major and one to two minor events locked and loaded on your promotional calendar.

Markdowns 90

Markdowns Returns Promotions Planning 90

Wiser

APRIL 13, 2021

There are times when you want to switch up prices more often, such as a promotional period or holiday season. Competitive, low prices on Amazon might be what you need to win the Buy Box, alongside other factors like fast shipping times, strong reviews and ratings, and fewer returns or replacements. Turn to Markdowns and Promotions.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

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

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

Retalon

NOVEMBER 11, 2021

In fact, recent research from McKinsey & Co found that there are a few key areas of IT investment that has allowed some retailers to outperform their competitors by a whopping 68% in returns. Advanced analytics technology can create accurate demand forecasts that lead to better retail planning. Why invest in pricing and promotions?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 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

Retalon

MARCH 2, 2021

That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. What channels do you promote through? How do you handle returns? Do you run promotions? What are your customer profiles? Crawl-Walk-Run.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Adventures

JANUARY 1, 2024

Discuss products, policies, promotions – anything store associates need to know that day. 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.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Independent Retailer

AUGUST 19, 2022

According to a report, 54 percent of shoppers are concerned about inflation driving price increases and are on the lookout for promotions and switching to lower-priced brands. Whether you decide to promote your loyalty program, increased rewards, sales, or discounts, you need to stay competitive in order to stay in the game.

Shipping 85

Shipping Merchant Services Consumer Returns 85

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 MANAGEMENT SOFTWARE

MARCH 11, 2022

Plan before buying your inventory- Use your data to determine what you should order. It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. These items need to be replaced and either returned to the vendor or donated.

Inventory Management 93

Inventory Management Management Inventory Turnover Drop-Shipping 93

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. Demand Forecast vs. Demand Plan. People often use demand planning and demand forecasting interchangeably. Sales Forecast vs. Demand Forecast.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. From there, you can start to examine competitive pricing and promotions, forecast demand with fulfillment in mind, as well as brand building through social efforts that engage your audience. – Consumer preference.

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. From there, you can start to examine competitive pricing and promotions, forecast demand with fulfillment in mind, as well as brand building through social efforts that engage your audience. – Consumer preference.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

JULY 4, 2018

seasonality, price-elasticity, geo-demographic diversity, past promotions) and applies sophisticated mathematics to your specific business rules, policies, and costs constraints. A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts. Buy in-store, return to another store (46%).

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

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

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How to you distribute/allocate inventory to stores while considering dozens of factors such as geo-demographic diversity, store capacity, consumer demand, local promotions, and special/rare events (eg.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Prices (markdowns, promotions, competitor prices, etc.). How will a promotion during a seasonal peak affect the uplift in demand? Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. The result?

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

DECEMBER 8, 2021

How complicated is the returns process? This includes everything from purchasing inventory to returns management. Textbooks don’t need to languish on shelves and be subject to drastic markdowns, while students are turned away at the out-of-stock university bookstore. What fulfillment options are available?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

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.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Can this be considered a truly successful promotion?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Adventures

OCTOBER 22, 2020

Making the Golden Quarter work for you requires careful planning that, but even if you haven’t laid the groundwork for a big finish throughout the year, you can still reap the benefits of a solid holiday season. This year consider the following in your Golden Quarter planning: 1. Both of these retailers offer good plans.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Retail Adventures

AUGUST 16, 2022

Making the Golden Quarter work for you requires careful planning. Plan a monthly sales goal and set daily targets for sales, and even for specific products. It just makes sense to have a plan of action. Include after-holiday plans too, including required floor moves and décor that needs to come down. It’s almost here.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. In particular, effective promotion planning depends on having accurate measurements of In-Stock Percentages. Is the right product getting to the right place at the right time? Sales Per Employee 7.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

V Count

OCTOBER 5, 2022

However, running a retail store and aiming for a higher profit margin requires not just planning but also a lot of hard work. You may want to sell more of these items or promote them more prominently in your store. When possible, avoid markdowns because they are good for decreasing profits. How do you accomplish that?

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Wiser

JULY 19, 2017

The 4 P’s; product, placement, price, and promotions are basic components of a marketing plan. On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management.

Marketing 84

Marketing Promotions Markdowns Advertising 84

Retalon

NOVEMBER 2, 2021

In response, retail and supply chain leaders are investing in analytics and AI-powered retail IT because it enables them to optimize operations — from planning all the way to fulfillment. Add another $428 billion to the tally to cover the cost of returns. Unsustainable supply chain practices are becoming incredibly expensive.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

Retail Geek

FEBRUARY 28, 2023

And they the Creator goes to that platform as long as that Bounty exist but as soon as that Bounty expires and they fall into the normal economic model the Creator’s returning to tick tock because they can make more money on Tick Tock than they can on on inspire.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52