Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. Carefully planned, this effect can maximize sales and profits by redirecting demand. Planning for cannibalization is easier said than done.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

Retail TouchPoints

OCTOBER 3, 2023

Prior to the advent of the omni shopper, most retail businesses operated two fully siloed channels. When it came to inventory planning and optimization, stores were planned, allocated and/or replenished, and transacted with their customers entirely separately from the digital channel.

Fulfillment 283

Fulfillment Drop-Shipping Markdowns Shipping 283

Retail Adventures

JANUARY 1, 2024

Store Operations 27. Don’t wait too long to take a markdown. Host one major in-store event and one – two minor in-store events each month. A major event is one that builds traffic and packs your store with customers. Do not confuse a major event with something that takes a long time to plan.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retail Smart Guys

JANUARY 28, 2023

Dealing with a single retail store can already be a handful. How much more if you need to handle multiple stores? Going over your inventory, finances, open-to-buy planning, etc., Well, this can be true if you are not using the right approach in handling multi-store accounts. Retail Smart Guys ’ has the solution.

Planning 52

Planning Markdowns Finance Location 52

Retail Smart Guys

FEBRUARY 14, 2023

Dealing with a single retail store can already be a handful. How much more if you need to handle multiple stores? Going over your inventory, finances, open-to-buy planning, etc., Well, this can be true if you are not using the right approach in handling multi-store accounts. Retail Smart Guys ’ has the solution.

Planning 40

Planning Markdowns Finance Location 40

Retalon

SEPTEMBER 22, 2021

Adopting BOPIS can be challenging so we’ll explain how you can successfully merge your online and physical store operations. BOPIS, meaning Buy Online, Pickup In-Store, is an order fulfillment option that helps retailers connect their e-commerce channels with their brick-and-mortar storefronts. What is BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail TouchPoints

JULY 31, 2023

of retail sales, has multiple causes, including inaccurate demand planning, lack of inventory visibility and inadequate staff training. Similarly, these system can optimize which stores can fulfill the complete orders to maximize margins and optimize sustainability rather than shipping from multiple locations.”

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns.

Drop-Shipping 187

Drop-Shipping Merchant Services Fulfillment Shipping 187

Retail TouchPoints

FEBRUARY 12, 2021

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. Many will also need to speed up digital transformation plans in order to adapt to?consumer consumer reliance on ecommerce, in-store pickup, and self-checkout.?.

Fulfillment 282

Fulfillment Markdowns Inventory Management Customer Experience 282