Inside Retail

JULY 6, 2023

Local customers can see what is on sale in their neighbourhood supermarkets and actively participate in reducing waste in their community “Typically, retailers have to rely on shoppers sporadically finding a markdown in store while preoccupied with their shopping.

Grocer 264

Grocer Consumer Markdowns Supermarket 264

Retail Wire

MAY 17, 2021

Burberry is looking to accomplish the feat by focusing on high-demand categories, unveiling a new store concept and addressing the consumer desire for omnichannel shopping and fulfillment. Burberry and Dillard’s are both focused on driving full price sales of new merchandise in their full line stores.

Markdowns 100

Markdowns Fulfillment Consumer Shopping 100

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

APRIL 26, 2022

The technology also is expected to help reduce waste and lead to fewer markdowns. For customers, it doesn’t matter whether they buy something in their own shop or in a franchise,” said Manuel De la Maza, CEO of Charanga in a statement. For them, Charanga is one, and that is how it should be.

Markdowns 232

Markdowns Shipping Location Shopping 232

VMS

NOVEMBER 14, 2022

In recent months, many retailers have turned to markdowns and other measures to get rid of product that customers weren’t buying. Among the indicators pointing to that glut: By the second quarter of 2022, retail inventories were up 31 percent over the same time last year, an S&P Capital IQ and FTI Consulting analysis found.

Markdowns 95

Markdowns Shopping 95

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

365 Retail

FEBRUARY 26, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 65

Markdowns Supermarket Grocer Store Operations 65

Retail TouchPoints

NOVEMBER 29, 2022

This also improves the customer experience through expanded fulfillment options and a seamless omnichannel shopping experience powered by technology,” Ellison added. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

Fulfillment 273

Fulfillment Markdowns Store Operations Customer Experience 273

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

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 191

Location Markdowns Accounting Promotions 191

Retail Adventures

AUGUST 8, 2023

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. Mystery shop your store.

Shopping 52

Shopping Merchant Services Visual Merchandising Markdowns 52

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

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 239

Consumer Home Furnishings Apparel Markdowns 239

Inside Retail

JANUARY 31, 2022

It’s a great opportunity for retailers to start thinking about how to engage with your customer and provide a better shopping experience.”. “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.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Inside Retail

JANUARY 19, 2022

Burberry’s focus on full-price sales data is intended to overshadow the 3-per-cent decline in overall same-store sales as the company pursues a strategy of exiting markdowns. Burberry’s digital capabilities also drive its relevance and appeal.

Markdowns 246

Markdowns Shopping ATS 246

365 Retail

SEPTEMBER 18, 2023

UK consumers are turning their sustainability efforts towards resourceful consumption, reducing food waste to shop sustainably while keeping food bills down, according to the latest data from Retail Insight , the leading provider of store operations execution software. The latest data from WRAP suggests UK households throw away 4.5

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

Retail TouchPoints

OCTOBER 15, 2021

There is no standardization across the industry and inconsistent sizing leads to markdowns and returns. When brands and retailers try to bring extended sizing to market, they need to determine how many SKUs they need to allocate to specific stores to accommodate in-store shopping and online fulfillment. Challenge 3: Pricing.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Inside Retail

AUGUST 17, 2021

With 11 lockdowns over the course of the financial year, Coles chief executive Steven Cain said shopping behaviours were starting to normalise to pre-Covid levels in the fourth quarter, before the latest round of lockdowns hit. “Of all three divisions, supermarkets demonstrated slightly subdued sales increases, up only 2.6 per cent on 2020.

Supermarket 246

Supermarket Net Profit Markdowns Checkout 246

Mass Relators

MARCH 5, 2024

Target said it maintained appropriate inventory levels by category throughout the year, resulting in lower markdown rates, more effective operations, and stronger in-stock measures compared with 2022. “Throughout the season, guests responded to newness, value, and the inspiration and ease of our in-store and digital shopping experience.

Markdowns 52

Markdowns Fulfillment Marketing Management 52

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

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

Retalon

SEPTEMBER 1, 2023

Yes, the holiday shopping season is short–and apparently getting shorter. The average holiday shopping duration among consumers in the US has gone from an average of 7.1 Todd Vasos, CEO of Dollar General, said the stores saw a rise in higher-income households shopping there too. Instead, prioritize strategic markdowns.

Markdowns 41

Markdowns Net Profit Consumer Location 41

Retail TouchPoints

FEBRUARY 15, 2023

So it could be markdown optimization or customer analytics or supply chain or assortment and merchandising — there are a lot of use cases that retailers tend to need. Current customer Albertsons Cos.

Merchant Services 282

Merchant Services Markdowns Store Operations Planning 282

Retail TouchPoints

NOVEMBER 8, 2022

This year the powerful combination of the special sale dates in Q4 (like Target, Amazon and Walmart holding October Black Friday events) and an increase in ecommerce holiday shopping means that this upward trend for returns will continue. Below are some considerations to prepare for the peak shopping season and the post-holiday return influx.

Returns 299

Returns Markdowns Inventory Management Customer Experience 299

Retail TouchPoints

NOVEMBER 25, 2020

This customer-level profit insight can inform every business decision, from where to acquire the highest value customers to how best to serve them in a retail store and at the residential doorstep. ”.

Markdowns 196

Markdowns Fulfillment Shipping Marketing Spend 196

Retail Gazette

MARCH 11, 2024

to £288.6m, which it attributed to the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. Matalan revealed last October its EBITDA came in at £47.9m in its second quarter, with sales up 0.8%

Markdowns 57

Markdowns Fashion Accounting Planning 57

Inside Retail

JUNE 30, 2023

Basically, the company knows it needs to maximise the number of doors it sells through in order to protect volumes and not lose certain customer segments who do not shop direct. We believe that further markdowns and write-downs will be needed as Nike enters its new fiscal year which will heap further pain on the bottom line.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

365 Retail

SEPTEMBER 16, 2021

The result can be costly post-season markdown events that leave retailers stuck with short-life seasonal items that necessitate steep marks or even complete write-offs. Retailers Face Extra $223B in Costs of Goods This Holiday Shopping Season, Caila Schwartz, the Salesforce 360 blog, 20 July 2021.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Retail Focus

DECEMBER 8, 2021

Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3% With increasing numbers of retailers passing on rising production costs – prompted by supply chain tension and labour market shortages – to the consumer, the CBI warns shoppers face the biggest price rises in 30 years this Christmas.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

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

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 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 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

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 222

Merchant Services Shipping Fulfillment Markdowns 222

Mass Relators

OCTOBER 26, 2023

Dollar General is offering a slew of promotions and discounts designed to position its stores as food shopping destinations as well as places to buy household items and affordable gifts this holiday season. In December, as part of DG Deal Days, there will be even more markdowns on holiday-centric foods, including buy one, get one 50% offers.

Promotions 52

Promotions Markdowns Shopping Consumer 52

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

Retail TouchPoints

JUNE 26, 2023

For example, a customer shopping for jeans could stop at a display that features a sign reading “Need Help?” Giving Retailers More of What They Need 2D barcodes will have an immediate impact on visibility and management of inventory and, as a result, will reduce markdowns while also enabling quicker resolution of recall items.

Merchant Services 277

Merchant Services Inventory Management Grocer Customer Experience 277