Retail TouchPoints

FEBRUARY 2, 2022

Begin with what you have and build a plan to fill in the gaps. Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown).

Retailing Pricing 212

Retailing Pricing Markdowns Accounting Outdoor 212

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. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact?

Markdowns 246

Markdowns Retailing Pricing Promotions Fulfillment 246

Retail TouchPoints

JANUARY 3, 2023

As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. ATO attacks cost retailers millions of dollars each year.

Merchant Services 282

Merchant Services Payment Services Accounting Checkout 282

Retalon

OCTOBER 24, 2023

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. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase. Retailers have to be careful not to suffocate their own demand.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 14, 2022

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. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase. Retailers have to be careful not to suffocate their own demand.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retail TouchPoints

OCTOBER 11, 2021

Human hunches, especially if they are based on behaviors from past years, are not sufficient in a completely transformed retail landscape. With seasonal items in particular, missing the mark on pricing, even if only a little, often results in excess stock on hand that has very weak demand, necessitating markdowns.

Markdowns 211

Markdowns Promotions Retailing Pricing Marketing 211