Retail Adventures

SEPTEMBER 4, 2022

How often do you mystery shop your competition – in person, online and on social medias? Shopping your competition is an exercise that needs to happen at least once a quarter. When we mystery shop we carefully examine the operational categories in the store, and then rate each one on a scale of 1 to 10. Monthly, yearly?

Shopping 52

Shopping Merchant Services Visual Merchandising Markdowns 52

Retail TouchPoints

APRIL 6, 2022

An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” A similar sense of urgency can be conveyed with simple text indicating how many people are currently viewing an item or have it in their shopping cart.

Checkout 294

Checkout Markdowns Apparel Promotions 294

Inside Retail

JANUARY 30, 2024

Keeping staff connected on the shop floor Bretherton says Zebra Technologies’ tablets and touch computers – connected to new-generation communications software – are resulting in an 8 per cent reduction in employee turnover – and a similar rate of improvement in customer feedback scores. “If

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

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. There’s more: 55 percent of gift card recipients require more than one shopping trip to the store to spend the balance of their card – that’s good news for you. Be Prepared for Markdowns.

Markdowns 98

Markdowns Returns Planning Promotions 98

Retail TouchPoints

OCTOBER 22, 2020

Their mood going into the holiday season predominantly will be focused on pandemic-induced experiences, such as family baking projects, and home-made craft gifts in place of lavish present shopping this year. On the other hand, shoppers who are staying close to home, by choice or to comply with restrictions, have limited spending options.

Promotions 229

Promotions Markdowns Returns Shopping 229

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. There’s more: 55 percent of gift card recipients require more than one shopping trip to the store to spend the balance of their card – that’s good news for you. Be Prepared for Markdowns.

Markdowns 83

Markdowns Returns Planning Promotions 83

Retail Adventures

JUNE 4, 2020

There’s more: 55 percent of gift card recipients require more than one shopping trip to the store to spend the balance of their card – that’s good news for you. Make Sure Your Return Policy is Competitive. If every one of your competitors accepts returns and exchanges but your policy screams NO! Be Prepared for Markdowns.

Markdowns 90

Markdowns Returns Promotions Planning 90

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. Today, with data analytics, shopping habits are far easier to assess. We spoke with customers, watched them shop and planned accordingly. Cash is king.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

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

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. Offer Promotions & Product Markdowns. Help Shoppers Find the High Stock Products.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Retail TouchPoints

OCTOBER 22, 2020

Their mood going into the holiday season predominantly will be focused on pandemic-induced experiences, such as family baking projects, and home-made craft gifts in place of lavish present shopping this year. On the other hand, shoppers who are staying close to home, by choice or to comply with restrictions, have limited spending options.

Promotions 130

Promotions Markdowns Returns Shopping 130

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. Which ones drive the most value, generate the most sales, or return the greatest profit? Well, to be honest, there are likely a few reasons for that).

Markdowns 135

Markdowns Consumer Retailing Pricing Promotions 135

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 Minded

AUGUST 27, 2022

The never-before-seen surge in online shopping. Stockouts were disastrous for retailers during the pandemic – up by 250% (Adobe, 2021) – and with 37% of consumers saying they’d simply shop elsewhere if they couldn’t find what. Even returns are up – reaching 16.6% With the return on inventory. The result?

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

Independent Retailer

SEPTEMBER 5, 2022

Stockouts were disastrous for retailers during the pandemic, up by 250 percent — and with 37 percent of consumers saying they would simply shop elsewhere if they could not find what they wanted, the general mood was one of impatience. Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020. The result?

Drop-Shipping 89

Drop-Shipping Markdowns Planning Returns 89

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

Indigo 9 Digital

SEPTEMBER 7, 2022

Then the COVID-19 pandemic hit and consumers around the world were forced to shop online sending digital sales to levels never seen before. Commissions typically range from 25%-33% depending on whether in addition to providing eCommerce functionality Farfetch manages shipping, returns or other services.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

Retalon

APRIL 27, 2021

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Retail AI can apply this process when customers return their purchases.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

JUNE 11, 2021

And retailers are rushing to offer new fulfillment options, like “buy online, pick up in-store” (BOPIS), curbside pickups, cashless checkouts, drop-shipping, mobile shopping and more. Increased Carbon Footprint: The shift to “next-day” e-commerce has increased the logistics associated with fulfilling an order and accepting returns.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

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

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

Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . How do you handle returns? Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Adventures

AUGUST 25, 2021

BOPIS (Buy Online Pickup In Store) and curbside pickup will continue to expected standards of operation because customers love the ease of shopping. Add additional conveniences such as personal shopping services, both in person and virtually, and your store will stand out among competitors. Don’t risk it. Windows that Wow 3.

Returns 83

Returns Cross Merchandising Promotions Marketing 83

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Payment, return, and exchange policies.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

APRIL 14, 2021

Deep assortments can appeal to a smaller, more passionate customer base that spends more and returns regularly. Consumers’ tastes in fashion change with the seasons and where they shop changes over the course of years. 5 Highly Effective Retail Markdown Strategies that Work in 2021. Why is an assortment strategy so important?

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

DECEMBER 8, 2021

In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. It used to be that consumers mostly shopped at stores geographically close to them. How complicated is the returns process? Why is this happening? Are they able to track their order?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. – Promotions, event and markdowns.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. – Promotions, event and markdowns.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 14, 2023

Mastering omnichannel ecommerce strategy is essential for retailers to deliver a seamless shopping experience. An omnichannel strategy provides customers with a unified shopping experience across all channels, whether online, mobile, or brick-and-mortar. Omnichannel retail delivers the seamless shopping journeys consumers demand.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 11, 2020

That’s why retail key performance indicators are dominated by inventory-based metrics like Gross Margin Return on Investment and In Stock Percentage. On top of that, even smaller retailers must address the multi-channel reality of today’s shopping environment. But those factors are just the tip of the iceberg.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

JANUARY 17, 2022

This is one of the main reasons why leading retailers are bolstering their retail pricing strategy by investing in UPPMO (Unified Price, Promotion, and Markdown) solutions. Pricing is the number one most impactful lever a retailer has to affect GMROI (gross margin return on investment). Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retail Adventures

AUGUST 16, 2022

This year start your Golden Quarter planning now: 2022 Dates to Remember This year Black Friday is on November 25, Small Business Saturday is November 26, Cyber Monday is November 28, and the biggest shopping day of the holiday season will be December 17, the Saturday before Christmas. People tend to stop shopping once their hands are full.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retail Adventures

OCTOBER 22, 2020

2020 Dates to Remember: This year Black Friday is on November 27, Cyber Monday is November 30, Small Business Saturday is November 28, and the biggest shopping day of the holiday season will be December 19, the Saturday before Christmas. Of course, your store will be open for shopping with real money after the auction ends.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

V Count

OCTOBER 5, 2022

Previously, customers used to shop for particular products at a variety of specialized stores. When possible, avoid markdowns because they are good for decreasing profits. You will be able to sell more products and minimize the need for markdowns because of these better judgments regarding purchases, sales, and marketing.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

NOVEMBER 2, 2021

If losing money on easily solvable issues was not enough, retailers are struggling to hold on to market share as consumers choose a value-driven shopping experience. 21st century consumers want a purpose-driven shopping experience, and they are voting with their wallets. Unsustainable companies are becoming social pariahs.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

Retail Geek

FEBRUARY 28, 2023

Jason: [2:00] Social shopping exactly and so it’s super interesting and they’re doing really well so they launched an e-commerce site in the u.s. Down so everybody saves more when you all by together kind of thing so it’s a. Scot: [1:58] Okay group buying used to be called back in the day. 38:37] Selfish piece of.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52