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 62

Markdowns Supermarket Grocer Store Operations 62

Retail TouchPoints

MARCH 14, 2023

That means online retailers in particular should be on the lookout for ways to minimize the costs returns incur as well as the number of returned items that come in , since minimizing markdowns during a tough economic climate is one area where return minimization strategies can have an impact on the retailer’s bottom line. “

Returns 227

Returns Markdowns Fulfillment Consumer 227

Retail TouchPoints

NOVEMBER 8, 2022

How online retailers handle merchandising, use technology and approach return policies can mean the difference between waste and wins. Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. This has been most popular for cosmetics sites.

Returns 290

Returns Markdowns Inventory Management Customer Experience 290

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Retalon

MARCH 7, 2022

Retalon, a Toronto-based retail AI company, has been recognized for advancing retail technology in supply chain and merchandising in 2022. The post AI Company Retalon Wins Retail CIO Radar 2022 Award in Two Categories: Supply Chain and Merchandising Technology appeared first on Retalon.

Markdowns 41

Markdowns Inventory Management Accounting Promotions 41

Retail TouchPoints

FEBRUARY 15, 2023

The integration will allow merchants to merge the capabilities of AI.Retail with Google Cloud technologies such as data analytics, AI and product discovery to more holistically analyze their business. Current customer Albertsons Cos. and all of those have a data and analytics element, which is what we’re helping them figure out.”

Merchant Services 272

Merchant Services Markdowns Store Operations Planning 272

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

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.

Markdowns 246

Markdowns Shopping ATS 246

Inside Retail

JANUARY 31, 2022

As a result, savvy retailers like Woolworths and Walmart have begun adopting new technologies such as 2D barcodes to offer more transparency. In recent years, consumer awareness around sustainability has continued to grow, as shoppers are now demanding to know the origin of the products that they purchase.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Retail TouchPoints

NOVEMBER 25, 2020

The company decided to invest in technology that would help it harness the power of data to improve its customer insights and the shopper experience. “At The technology groups variable cost and profitability data by customer in order to track shopper-specific contribution margins to customer lifetime value (CLV).

Markdowns 190

Markdowns Fulfillment Shipping Marketing Spend 190

Retalon

SEPTEMBER 8, 2021

PRESS RELEASE: Retalon Announces Breakthrough Application of Deep Learning Technology in Business Specific Predictive Analytics. This is not a new problem, as bad data has always been an issue, independently of what technology was used. Read the original article published on PR Newswire here. CEO at Retalon Inc.

Markdowns 41

Markdowns Promotions Planning ATS 41

Retalon

SEPTEMBER 8, 2021

PRESS RELEASE: Retalon Announces Breakthrough Application of Deep Learning Technology in Business Specific Predictive Analytics. This is not a new problem, as bad data has always been an issue, independently of what technology was used. Read the original article published on PR Newswire here. CEO at Retalon Inc.

Markdowns 41

Markdowns Promotions Planning ATS 41

Retail TouchPoints

SEPTEMBER 29, 2022

To help accomplish this, retailers are adopting circular business models and innovative technologies. To help address this, some retailers have been using advanced artificial intelligence (AI) to improve forecasting capabilities and optimize markdown processes to reduce product waste. Sustainable packaging.

Fast Fashion 337

Fast Fashion Fashion Markdowns Consumer 337

Retail TouchPoints

OCTOBER 15, 2021

There is no standardization across the industry and inconsistent sizing leads to markdowns and returns. But new technology is bringing this concept to the next level by incorporating what Orschell describes as “fit simulation,” which adds another level of context. Challenge 3: Pricing.

Consumer 289

Consumer Merchant Services Markdowns Fulfillment 289

Retalon

SEPTEMBER 1, 2023

Mark it down…strategically Markdowns are generally part of any product’s life cycle. So, if you have a ton of inventory and markdowns are a must, then the key is to sell it while making the most profit possible. Instead, prioritize strategic markdowns.

Markdowns 41

Markdowns Net Profit Consumer Location 41

365 Retail

SEPTEMBER 18, 2023

Currently, 90% of retailers use static markdowns to sell-through fresh or ambient products nearing their best, which apply binary discounts at various stages leading up to the end of the product’s shelf life. By adopting dynamic markdown models, retailers ensure they don’t leave margin opportunities on the table.”

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

Retail Design Solutions

FEBRUARY 23, 2024

Introduction In the ever-evolving landscape of retail, technology continues to revolutionise the way we shop. At RDS we embrace technology so let’s explore the rise of AI-driven digital pricing, its potential benefits, and the concerns it raises for both consumers and retailers.

Markdowns 52

Markdowns Supermarket Inventory Management Consumer 52

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Previously he was VP of Global Marketing at Akamai Technologies, where he ran worldwide marketing for a $1.3 His passion lies in bringing disruptive B2B technology to market and achieving rapid customer adoption.

Merchant Services 294

Merchant Services Payment Services Accounting Checkout 294

Retail Smart Guys

SEPTEMBER 12, 2023

When it comes to inventory management, it’s easy to get lost in spreadsheets, logistics, and technology. 4 Adaptability: Navigating the Human Aspect of Change Inventory management is an ever-evolving domain with new technologies and methodologies emerging. Reduce markdowns and boost profitability with Retail Smart Guys.

Inventory Management 105

Inventory Management Management Markdowns Customer Retention 105

Retalon

JULY 25, 2018

Gartner’s hype cycle is a representation of the life cycle stages that a technology goes through, from conception to maturity and widespread adoption. Retail CIOs can leverage the Hype Cycle to: Advise the business areas on how to cut through market hype in order to best prioritize retail technology investments and. Appendixes.

Markdowns 32

Markdowns Inventory Management Promotions Planning 32

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retail TouchPoints

DECEMBER 22, 2022

Fortunately, with advancements in technology and data science, there is a better way. However, brands should resist the urge to enact markdowns done in sweeping waves of arbitrary rates with the hope of selling as much as they can before moving to the next tier. The Four Pricing Pillars Brands Must Consider.

Retailing Pricing 263

Retailing Pricing Markdowns Consumer Marketing 263

Retail TouchPoints

FEBRUARY 2, 2022

In my experience, the data is what keeps retailers from making the big jump to new pricing technologies and strategies. In fact, there’s no reason you should be missing dinner any night of the week to deal with the data dilemma when it comes to pricing. This is your starting point and your job is to build up and improve it.

Retailing Pricing 226

Retailing Pricing Markdowns Accounting Outdoor 226

Retalon

OCTOBER 24, 2023

Retailers are empowered by AI and ML technology driven analytics to optimize inventory and eliminate the $50B overstock crisis. Those who embrace modern technology are already optimizing their inventory with advanced analytics. This means they can’t markdown their products without devaluing the brand. Incentives A current U.S.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Inside Retail

JULY 4, 2023

Domestic companies like Anta and Li-Ning, which are largely unknown outside of China itself, have been gaining ground by improving both the technology and style in their products. Puma didn’t break out its China results specifically, saying only that sales grew by 27.4 Both brought in total revenue of about $3.6

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Inside Retail

DECEMBER 19, 2023

There’s no rush for them to always get rid of any markdowns. Additionally, the made-on-demand model requires a higher level of technological infrastructure and expertise, which may be costly for smaller brands to implement. And given the development of technology, body measurements can be done via phone and other platforms. “I

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

Inside Retail

AUGUST 17, 2021

As their Ocado automated fulfilment centres come on line, we can expect greater growth and penetration of online.”.

Supermarket 246

Supermarket Net Profit Markdowns Checkout 246

Retalon

OCTOBER 23, 2023

Retalon solutions are truly complementary to Dynamics 365 functionalities, which makes Dynamics 365 and Retalon the obvious choice for forward-thinking retailers looking to gain a technological edge over their competition.”

Markdowns 41

Markdowns Inventory Management Finance Planning 41

Inside Retail

AUGUST 25, 2022

With liquidity being key, we knew that if the product was not selling now, it would not sell in November, being summer, so we had to take the markdowns and be ruthless. All too often, especially if there are supply chain challenges, retailers will be reluctant to take the deep markdowns required to clear the stock. Cash is king.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. The ability to walk a store and observe customers made diagnosing performance more about experience than detailed analysis. Additionally, retailers also had a relatively small set of tactical levers to pull.

Markdowns 211

Markdowns Promotions Management Marketing 211

Retail Assist

JUNE 22, 2023

Intelligent algorithms within Merret Pro facilitate automatic stock movement between distribution centers and stores, optimising replenishment and reducing markdowns. The software enables dynamic pricing and promotions, allowing you to identify the perfect time for markdowns or promotional discounts. The result?

Payment Services 52

Payment Services Markdowns Inventory Management Supply Chain Management 52

Inside Retail

JULY 6, 2022

According to Mikko Kärkkäinen, CEO of retail optimisation software provider Relex Solutions, “Automated technologies enable retailers and brands to realign and adapt to many pre-pandemic trends that were accelerated throughout the Covid-19 era.

Planning 130

Planning Supply Chain Management Markdowns Management 130

Cisco Retail

DECEMBER 22, 2021

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Markdowns 143

Markdowns Returns Accounting ATS 143

Retail TouchPoints

OCTOBER 22, 2020

Fortunately, today’s technology is scalable and can generate price, promotion and markdown recommendations at the store and item level, for both online and in-store online channels, at speeds unimaginable in historical human-centric, manual processes.

Promotions 226

Promotions Markdowns Returns Shopping 226

Retail Smart Guys

NOVEMBER 28, 2022

They are equipped to analyze your inventory system and quickly spot aspects that need improvement, ensuring you reduce your markdowns and increase profitability. They can provide you with suitable technological options that work best for your retail company, such as developing a website that works to expand your reach.

Markdowns 52

Markdowns Promotions Retail Trends Location 52

Retalon

JANUARY 20, 2014

Nov 27, 2013–CIO Review (www.cioreview.com) has chosen Retalon (www.retalon.com) for CIO Retail Tech Solutions 20, an annual listing of Top 20 Most Promising Retail Technology Solution Providers. CIORetail Tech Solutions is a listing of Top 20 Most Promising Retail Technology Solution Providers in the U.S.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

FEBRUARY 15, 2022

That is why leading retailers use AI-powered technologies to get consistently more accurate results. Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Reduced markdowns. Let’s find out. Customer experience.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41