Retail Focus

JUNE 3, 2021

But the grinding pressures of a lengthy global pandemic – shoppers avoiding in-store shopping where possible, lockdowns in non-critical retail verticals, parents juggling remote work and homebound kids – precipitated a rapid shift. Even post-pandemic, only 49% anticipate they will often or always shop in-store.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Retail TouchPoints

OCTOBER 22, 2020

Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively. While there has been much discussion of the shift to online shopping, in reality the figures prior to 2020 remained relatively low as a percentage of overall retail spending.

Promotions 130

Promotions Markdowns Returns Shopping 130

Retail TouchPoints

AUGUST 19, 2021

In fact, 58% said school would be a bigger deal this year and 56% said they are more excited about shopping for back-to-school items this year. With this data in mind, and the large majority of kids going back to in-person learning, I don’t think [the Delta variant] will impact back-to-school shopping.” and how long will it last?

ATS 299

ATS Markdowns Consumer Social Commerce 299

Inside Retail

JUNE 1, 2021

A new online shopping site is set to launch in Australia this month that aims to update the traditional outlet mall experience for a Gen Z and millennial audience. In contrast, TheDOM.com plans to provide an “inspirational” and “elevated” shopping experience through its site design and tone of voice.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail TouchPoints

MAY 30, 2023

This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. They enjoy the convenience of shopping closer to home, combined with some of the omnichannel services that we can offer like curbside pickup. in Q1 2023.

Location 188

Location Markdowns Accounting Promotions 188

Wiser

OCTOBER 12, 2021

Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more.

Markdowns 147

Markdowns Promotions Consumer Planning 147

Wiser

AUGUST 3, 2017

These two types of brands often choose to go about retail promotions in different ways. In this article we will break down the elements all retailers and brands need to carry promotions out as efficiently as possible. . Your competitive positioning is a key metric when planning retail promotions. Know Where You Fit in .

Promotions 99

Promotions Markdowns Marketing Checkout 99

Retail Focus

DECEMBER 8, 2021

The UK’s cost of living squeeze is making Millennials and younger demographics more sensitive to pricing and promotions, the latest research from antuit.ai , the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail TouchPoints

NOVEMBER 25, 2020

SoundCommerce allows us to track the exact impact of these variables on our profitability as we make real-time decisions regarding assortment, promotions, inventory, marketing and fulfillment.” . “Shopper behavior is also less predictable today, requiring more creative experimentation in merchandising and marketing.

Markdowns 194

Markdowns Fulfillment Shipping Marketing Spend 194

Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. This has coincided with the usual cocktail of higher costs that is impacting all retailers.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Retail TouchPoints

SEPTEMBER 17, 2021

New data from the Adobe Digital Economy Index highlights the staying power of online shopping habits formed during the pandemic, seemingly answering one of the biggest questions of the year: will ecommerce continue to grow, or settle down to pre-pandemic levels? The answer appears to be the former. In August 2021, online prices were up 3.1%

Consumer 235

Consumer Home Furnishings Apparel Markdowns 235

Retail TouchPoints

FEBRUARY 15, 2023

Accenture’s AI.Retail platform — which helps retailers better utilize data and artificial intelligence to optimize common operations such as customer acquisition, pricing and promotions, assortment and supply chain — can now be deployed on Google Cloud. Current customer Albertsons Cos.

Merchant Services 279

Merchant Services Markdowns Store Operations Planning 279

Retail Adventures

SEPTEMBER 28, 2020

Here are even more easy ways to save money during the pandemic and beyond: Shop when the entire store is on sale: These days it’s crazy to pay full price when so many stores are running sales. Shop out of season: Right now retailers are hung with product they couldn’t sell because their stores were closed due to COVID-19.

Shopping 90

Shopping Markdowns Consumer Promotions 90

Retail TouchPoints

JUNE 26, 2023

For example, a customer can scan a 2D barcode on a package of pasta sauce and instantly view ingredients, allergens, recipes and promotions. For example, a customer shopping for jeans could stop at a display that features a sign reading “Need Help?” alongside a large QR code. Doesn’t that sound amazing?!

Merchant Services 276

Merchant Services Inventory Management Grocer Customer Experience 276

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Web and API Scraping Web and API scraping are often used by competitors to undercut retailers’ pricing and promotions. Fake Account Creation Bots can create fake accounts at scale which are then used to abuse retail promotions.

Merchant Services 300

Merchant Services Payment Services Accounting Checkout 300

Retail TouchPoints

APRIL 6, 2022

Time-sensitive or exclusive items can be promoted on an aisle endcap. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” In a brick-and-mortar setting, high-margin products can be displayed prominently on a shelf.

Checkout 293

Checkout Markdowns Apparel Promotions 293

Retail TouchPoints

SEPTEMBER 8, 2023

Additionally, you can configure different promise speeds for different categories, as well as determine where the promise is displayed, such as on the product detail page or in the shopping cart. Ecommerce merchant teams invest significant time in analyzing factors such as free shipping thresholds, promotions, pricing and markdowns.

Merchant Services 218

Merchant Services Shipping Fulfillment Markdowns 218

Retail Adventures

DECEMBER 1, 2020

Because we know that October and November were incredibly busy months, but we also know that the last 24 days of shopping before Christmas is time to kick it into high gear. If you have to do pre-Christmas markdowns do it while the sales floor continues to be busy with shoppers. Markdowns allow you to maximize your invested dollars.

Markdowns 98

Markdowns Cross Merchandising Promotions Shopping 98

Retail Design Solutions

FEBRUARY 23, 2024

Introduction In the ever-evolving landscape of retail, technology continues to revolutionise the way we shop. Retailers in these countries have partnered with tech companies such as Waste-less, whose AI-powered system gauges the risk of food items expiring on the shelf and determines whether a markdown is necessary.

Markdowns 52

Markdowns Supermarket Inventory Management Consumer 52

Retail Focus

FEBRUARY 8, 2022

61% said access to digital product information became increasingly important when shopping for expensive items, while 45% have been put off buying a complex or considered purchase when there wasn’t enough product information available.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Independent Retailer

DECEMBER 23, 2022

Offer Promotions & Product Markdowns. Offer Promotions & Product Markdowns. Dynamic pricing, promotions, and markdowns are strategic ways to tackle inventory management, according to Nari Viswanathan, Senior Director of Supply Chain Strategy at Coupa. Help Shoppers Find the High Stock Products.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Wiser

AUGUST 25, 2020

4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. We recommend using promotions and markdowns to move that inventory quickly. Any promotions or markdowns match with what you’ve done in the past.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Retail Adventures

JULY 13, 2021

Before the pandemic, when things were “normal”, customers shopped in strange patterns and their choices were not divided equally among retailers. Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. customers will go someplace else to shop. Start here: 1.

Markdowns 98

Markdowns Returns Planning Promotions 98

Inside Retail

JULY 4, 2023

Despite the lack of clarity in the numbers, Nike President and CEO John Donahoe is heartened, telling investors on a conference call: “With our record-breaking performance during this year’s 6/18 shopping holiday, in which we were the No. 1 sports brand on Tmall, I’m even more confident in our playbook and strategy [in China].”

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Retail TouchPoints

DECEMBER 12, 2023

Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Ending the Tradition of Blanket Markdowns Enter this year’s holiday shopper.

Markdowns 267

Markdowns Retailing Pricing Promotions Fulfillment 267

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

Retail Adventures

JULY 1, 2020

Even when things were “normal”, customers shopped in strange patterns, and their choices tend not to be divided equally among retailers. Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. customers will go someplace else to shop. Start here: 1.

Markdowns 83

Markdowns Returns Planning Promotions 83

Wiser

MARCH 17, 2020

There’s a reason why it’s hard to go shopping and come home with only one item. They might also believe the specific price demonstrates greater value or a markdown. There’s also the promotional aspect of it. Well, to be honest, there are likely a few reasons for that). Charm Pricing Definition. instead of $20.00

Markdowns 135

Markdowns Consumer Retailing Pricing Promotions 135

365 Retail

NOVEMBER 30, 2022

The move allows the footwear brand to drive sales from markdown and promotional inventory alongside its new ‘made for outlet’ range through Secret Sales’ unique, premium marketplace. This includes alignment on digital spends, affiliates and PPC strategies alongside Google Shopping.

Markdowns 58

Markdowns Accessories Fashion Promotions 58

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Digital transformation has changed the way consumers shop and how retailers operate.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

FEBRUARY 24, 2022

Fewer markdowns. Where you expect to finish is your closing inventory plus your planned sales and markdowns. Other sales periods, such as promotional seasons, are also useful. Small shops can use quarterly OTB spreadsheets. Open to buy (OTB) planning lets you control inventory and stay cash flow positive. OTB management.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Wiser

NOVEMBER 16, 2016

As the holiday shopping season begins, retailers large and small are looking to meet and surpass sales expectations for the year. Armed with this knowledge, you can infer when your competitors will be launching their campaigns and plan your own accordingly, to maximize the ROI of your promotions.

Promotions 60

Promotions Markdowns Shopping Planning 60

Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . What channels do you promote through? Do you run promotions? Run a promotion last year that you don’t plan for this year? For instance, . What are your customer profiles? What channels do you sell through?

Fashion 41

Fashion Markdowns Promotions Accounting 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

Independent Retailer

AUGUST 19, 2022

85 percent of customers will not shop with a retailer again after having had a poor delivery experience. It may only be August, but July’s Amazon Prime Day event proved the holiday shopping season is already here. How Inflation Will Impact the Holiday Shopping Season. Top Findings and Predictions. Consumers throughout the U.S.

Shipping 85

Shipping Merchant Services Consumer Returns 85

Retail Adventures

JANUARY 1, 2024

Remember, its job is to transition customers from whatever they were doing outside of your store and refocus them on shopping. Customers stop shopping once their hands are full so offer every shopper a cart or basket, at the very minimum, ask to hold items they are carrying at the cashwrap until they are ready to check out.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Indigo 9 Digital

FEBRUARY 28, 2023

Laura Illanes, a 22-year-old student at the University of South Carolina Upstate, said she gets six free pieces of clothing from Shein each month for promoting the brand to her 36,000 Instagram followers. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. Large stores are inherently risky.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98