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How AI is Revolutionising the Retail Sector

Retail Focus

This reduces overstocking and the need for massive markdowns. AI tools also automate merchandising, retrieving customer data, audit compliance, analysing returns, and other routine processes. This improves productivity and reduces costs. Retailers can also use AI to dynamically match supply with anticipated demand.

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How to Start an eBay Store: A Complete Guide for New Sellers

Small Biz Trends

Use promotional tools available on eBay, such as markdowns, coupons, and volume pricing, to entice buyers. Provide clear policies on returns and refunds, ensuring buyers understand your approach to resolving issues. Handling Shipping and Returns Streamline your shipping and returns process to improve customer experiences.

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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. Experiment with markdowns, flash sales, or multi-buy offers like BOGO or “Buy 3, Get 1 Free.” Return or Exchange with Vendors Check if your vendors allow returns or swaps.

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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Many retailers tightened their belts to preserve cash flow and shareholder returns, and implemented cost-out campaigns to offset margin erosion from discounting activities. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

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Six Steps to Stronger Holiday Sales

Retail Adventures

BE READY FOR RETURNS Post your return and exchange policy behind the counter, on your website and on any promotion materials. You should also decide now where holiday returns will be processed: at the checkout or at a separate table. MASTER MARKDOWNS Plan now for your post-holiday markdowns.

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Smart supply chains tackle labour, inventory and fulfilment challenges

Inside Retail

This reduces returns, builds customer trust, and improves forecasting. Enhanced inventory accuracy also leads to fewer markdowns, lower storage costs, and less waste, directly contributing to improved EBIT. It delivers high levels of pick and stock accuracy, streamlines order processing, and supports reliable fulfilment.

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Understanding How Consignment Works: A Guide for Sellers and Buyers

Small Biz Trends

Unsold Items : If items don’t sell within the specified timeframe, you retrieve them or agree on actions like markdowns or donating. Documenting the Agreement : You’ll need a written agreement detailing all terms, including payment structures, item return procedures, and duration.