article thumbnail

How Woolies is using 2D barcodes to increase sales and transparency

Inside Retail

The same barcode that you use at your point-of-sale can also be scanned on a phone by the consumer so they can access a lot of information about the products they’re buying. It’s a great opportunity for retailers to start thinking about how to engage with your customer and provide a better shopping experience.”.

Markdowns 130
article thumbnail

Streamline Your Supply Chain with Merret Pro: The Ultimate Retail ERP Solution

Retail Assist

This minimises out-of-stock situations, leading to increased sales and customer satisfaction. Intelligent algorithms within Merret Pro facilitate automatic stock movement between distribution centers and stores, optimising replenishment and reducing markdowns. The result?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trade Promotion vs Consumer Promotion: A Comparative Analysis

Wiser

Tactics often include bulk buying discounts, rebates, or incentives like free point of sale displays. Trade spend is employed in trade promotion in several ways: Discounts and Special Offers: Brands often provide markdowns on their products to retailers.

article thumbnail

Health crisis: what impact on supply management in points of sale?

M19 Retail

The health crisis is accelerating the transformation of physical points of sale. The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. Recent Posts.

article thumbnail

What Are Trade Promotions and How Can You Make Yours a Success?

Wiser

Here are some of the most common types of trade promotions: Discounts and markdowns. Offering markdowns or discounts for specific channel partners could appeal to the most price-sensitive segment of their shoppers. Trade promotions can take several different forms. Think Creatively. Try combining different approaches.

article thumbnail

What to Know About Choosing the Best Cloud-Based Management System

I Vend

Lightspeed Retail Mostly known for its point of sale ( POS) system and inventory management solutions, Lightspeed Retail offers a simplified inventory solutions experience that lets you access your stock data from anywhere in your enterprise. The Top 5 Cloud-Based Inventory Management Systems for Retail: Pros & Cons 1.

article thumbnail

Building a Futureproof Omnichannel Retail Strategy in 2023

Retalon

These technologies take in huge volumes of data – like point-of-sale transactions, inventory levels, customer engagement metrics, online browsing trends, social media conversations – and process it intelligently. Enhanced Gross Margins Traditional forecasts are often inaccurate, leading to steep markdowns.