Retalon

SEPTEMBER 24, 2020

In truth, while the need for these drastic changes may have been highlighted by the pandemic, the retail industry has been decisively moving to adapt new technology for a while. This means retailers need to identify their critical projects, focusing on core digital and analytics priorities.

Fashion 41

Fashion Customer Retention Inventory Management Management 41

Retalon

NOVEMBER 20, 2020

So, what exactly is price optimization and why is it so impactful to retailers? This article will give you a distinct understanding of pricing optimization, the challenges and constraints involved in optimizing retail prices, and the price optimization strategies that leading retailers are employing today to stay ahead.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Retalon

FEBRUARY 15, 2022

The most stubborn, expensive issues retailers face are due to poor demand forecasting. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. That is why leading retailers use AI-powered technologies to get consistently more accurate results.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

AUGUST 22, 2023

To stay competitive in this fast-paced environment, online retailers need to closely track and analyze key performance indicators (KPIs) that measure the health and success of their business. The higher your GMROI, the better you are at wringing profit from your product mix and inventory levels. Anything under 1.0

Customer Retention 41

Customer Retention Returns Payment Services Promotions 41

Retalon

AUGUST 5, 2020

Most Important KPIs for the Retail Industry in 2020. Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. Today, it is more important than ever for retailers to have a tight grip on the state of their business. Inventory Turnover Ratio 3. Sales Per Employee 7.

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Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retalon

JANUARY 6, 2021

So it is no surprise that retailers are scouring the internet to find how to plan replenishment for their business. The purpose of replenishment is to ensure that a retailer has the right quantity of product, at the right location, at the right time to maximize sales and minimize costs. What is replenishment planning?

Planning 41

Planning Markdowns Accounting Shipping 41

Retalon

DECEMBER 9, 2020

While inexperienced retailers may celebrate completely selling out of stock — retailing professionals know that out-of-stocks can be disastrous for a retail organization, both in the short and long-term. This is why most retailers are doing everything they can to reduce out-of-stocks. What is a stock-out?

Shipping 41

Shipping Accounting Promotions Location 41

Retalon

DECEMBER 9, 2020

While inexperienced retailers may celebrate completely selling out of stock — retailing professionals know that out-of-stocks can be disastrous for a retail organization, both in the short and long-term. This is why most retailers are doing everything they can to reduce out-of-stocks. What is a stock-out?

Shipping 41

Shipping Accounting Promotions Location 41

Retalon

SEPTEMBER 23, 2020

Why should retailers care about data analytics? Today’s retailers are facing a bevy of new challenges, including declining sales, fierce competition from online-only stores, and changing consumer preferences. In the digital age, there are a million things retailers have to stay on top of, and simply not enough time in the day.

Accounting 47

Accounting Markdowns Management Inventory Management 47

Retalon

SEPTEMBER 11, 2020

Top-performing retailers cannot rely on inaccurate, decades-old approaches to forecasting demand. In order to optimize their inventory investments and maximize GMROII, today’s retailers need accurate demand forecasts for every SKU in every store. Though they are closely related, retailers must distinguish between forecasts vs. plans.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

APRIL 21, 2021

Consumer expectations have evolved in the digital age, and retailers are now offering a multitude of flexible order delivery methods such as “Buy online, pick up in-store”, “curbside pickup”, “order in store, deliver home” and more. What is omnichannel order fulfillment in retail? So Instead of optimizing one channel (i.e.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

JANUARY 17, 2022

A good retail pricing strategy is integral – but is it enough? Setting an optimal product price can be a challenging task in today’s dynamic and data-driven retail environment. Missing the mark when setting prices can have a drastic effect on sales and the overall profitability of a retail business. Let’s find out.

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Retailing Pricing Markdowns Promotions Accounting 41

Retalon

SEPTEMBER 11, 2020

For the past few years, retailers have been faced with an exponentially growing gap between industry leaders and laggards. Digital transformation in the industry has created additional challenges for retailers to tackle. Digital transformation in the industry has created additional challenges for retailers to tackle.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

MARCH 3, 2020

enVista and Retalon Partner to Power Retail Intelligence, Predictive Insights and Profitability by Integrating Leading AI and Unified Commerce Solutions. This is a game-changer for our retail clients, who will greatly benefit from leveraging advanced AI to drive predictive insights for order management and fulfillment decisions.

Payment Services 41

Payment Services Fulfillment Markdowns Finance 41

Retail Minded

FEBRUARY 8, 2023

Retail historically has had highs, had lows and along the way, many opportunities and challenges in between. I had the chance to speak to various leaders in retail technology about the year ahead, particularly in a time of economic uncertainty. The retail industry has a seriously big challenge on its hands. Retaining workers.

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Merchant Services Customer Retention Customer Experience Planning 98

Retail Times

MARCH 16, 2021

These are some of the most critical things retailers should be asking, and believe it or not, there is no one “right” answer to these questions, because of the various inventory costing methods out there. In this post, we’ll explore the different ways for valuing retail stock. The retail method. 1 emerald necklace @ $700.

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Grocer Inventory Management Accounting Jewelry 64

Retalon

FEBRUARY 12, 2021

Critical Considerations for Retail Assortment Plans. A retailer’s assortment planning process can make or break their selling season (or even their entire fiscal year). That’s why many medium and large retailers don’t bother planning so granularly during the pre-season. But first, let’s define assortment planning.

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Planning Accounting Store Layout Markdowns 41

Retalon

NOVEMBER 2, 2021

Future retail growth and profitability depend on sustainable supply chains. If you’re paying close attention to the industry, you’ll realize that sustainability in supply chains is not just advisable, it is the key to survival (and profitability) for today’s retailers and CPGs. The globalization gravy train has stopped.

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Supply Chain Management Dead-Stock Markdowns Shipping 41

Retalon

JUNE 10, 2020

Price planning is one of the most difficult (and often misunderstood) elements of retailing strategies. That’s why the most successful retailers set pricing optimization as a critical priority. That’s why the most successful retailers set pricing optimization as a critical priority. A consistently affordable EDLP retailer?

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