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

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 Adventures

JULY 1, 2020

Continue to 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 2020. Plan each event, buy product for them, and get your team involved. Be Prepared for Markdowns.

Markdowns 83

Markdowns Returns Planning Promotions 83

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. Plan each event, buy featured product, and get your team involved. Make Sure Your Return Policy is Competitive. Be Prepared for Markdowns.

Markdowns 90

Markdowns Returns Promotions Planning 90

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. This is not a bad option if you plan to keep a long-term relationship. back to top.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retail Smart Guys

DECEMBER 11, 2022

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. Finally, we’ll help you reduce markdowns to grow your profitability.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

Inside Retail

AUGUST 25, 2022

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 spoke with customers, watched them shop and planned accordingly. Equally, keeping all financial stakeholders informed and on side with plans. Cash is king.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Independent Retailer

SEPTEMBER 5, 2022

The key lies in using solutions that drive business intelligence forward, such as inventory planning and demand forecasting software. 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. by Jill Liliedahl. The result?

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

Retail Minded

AUGUST 27, 2022

Even returns are up – reaching 16.6% With the return on inventory. It’s even affecting the US retail giants, with Target recently admitting its plans to ‘right-size its. inventory’ by making additional markdowns across the board. inventory planning and purchasing, stock control and supply chain. The result?

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

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. Embrace the power of simulations and what-if scenario planning. .

Markdowns 52

Markdowns Promotions Planning Management 52

Mass Relators

MARCH 16, 2023

Building on the investments we made in 2022, and the substantial progress we have made in our supply chain, we believe this incremental investment will yield strong returns as we continue creating long-term sustainable growth and value for our shareholders.” The company is planning capital expenditures in the range of $1.8

Markdowns 52

Markdowns Apparel Consumer Planning 52

Wiser

APRIL 13, 2021

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. Furthermore, your website pricing approach should include markdowns and promotions.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

Mass Relators

DECEMBER 12, 2022

“We believe the majority of these and other gross margin pressures are largely temporary, and we are confident in our plans to drive greater supply chain efficiencies moving forward.”. He announced plans for some 3,170 real estate projects in the U.S. He announced plans for some 3,170 real estate projects in the U.S.

Drop-Shipping 52

Drop-Shipping Markdowns Apparel Planning 52

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

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

JUNE 11, 2021

While optimizing a retail supply chain for efficiency and reduction of waste requires careful planning and consideration, machine learning and predictive analytics technology have changed the rules of the game. Refusing returns is likely to reduce e-commerce sales. In a 2018 report , Gartner, Inc. The Retail Sustainability Problem.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

FEBRUARY 10, 2022

Drastic Markdowns. Last minute markdowns that offload stock at a loss. A large portion of your budget goes toward planning, storing, transporting and managing unsold inventory. Inventory storage, overstock management, ROI lost to markdowns, even lost sales due to stockouts, are all tangible costs of bad inventory.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Employ specialized tools to plan your assortment.

Markdowns 41

Markdowns Planning Location Accounting 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. How do you handle returns? Run a promotion last year that you don’t plan for this year? How seasonal is your business? Do you run promotions?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Independent Retailer

AUGUST 19, 2022

The holiday season is busy for retail customer service every year, and with 56 percent of Americans planning to take their holiday shopping online, supporting those customers will be a true 24/7 job. 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

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. Do not confuse a major event with something that takes a long time to plan.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

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 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

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 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 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. Finding the right Retail AI and Predictive Analytics solutions can help you to plan for success in the modern retail marketplace in a variety of ways, whether your brand subscribes to bricks, clicks, or both.

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. Finding the right Retail AI and Predictive Analytics solutions can help you to plan for success in the modern retail marketplace in a variety of ways, whether your brand subscribes to bricks, clicks, or both.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

JULY 4, 2018

A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts. Here’s what they said: Buy via mobile or web site in-store, pick up in-store (64%); Buy online, pick up in-store (62%); Buy via mobile or web site in-store, ship to home (60%); Buy online, return to store (50%); and.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

SEPTEMBER 11, 2020

But to make sure you’re focused on the right question, we need to clear up to major misconceptions with demand forecasting: Sales forecasting vs. demand forecasting Forecast vs. plan. 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

Retail TouchPoints

FEBRUARY 12, 2021

Early adopters have proven that the technology can provide a significant return on investment. RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. RFID can raise inventory visibility up to 99%.

Fulfillment 221

Fulfillment Markdowns Inventory Management Customer Experience 221

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Prices (markdowns, promotions, competitor prices, etc.). Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. 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.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How much extra inventory should be ordered for planned promotions? What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?

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 much extra inventory should be ordered for planned promotions? What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

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