Remove 2017 Remove Markdowns Remove Planning
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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 278
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How Woolies is using 2D barcodes to increase sales and transparency

Inside Retail

Their journey began in 2017 with just loose produce. “At At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability. Woolworths worked with GS1 to complete a full roll-out of 2D barcodes on its fresh produce and chilled items.

Markdowns 130
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Meet Lindsay Nicholas, the fashion designer bringing NY edge to Melbourne

Inside Retail

Of course, life doesn’t always turn out as we plan, and we wound up moving to Melbourne in 2017. LN: We have always been self-funded, and making sure that we had a comprehensive plan to ensure that we will stay that way into the future has been important to us. We’re very confident that this was the right decision for us.

Fashion 130
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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. trillion annually. Key Takeaways.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. trillion annually. Key Takeaways.

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The Future of Retail in the New Era of Risk

Retail Prophet

In 1956, after almost two decades of planning, McClean’s musings became reality got when he loaded 58 metal containers in Port Newark onto the S.S. The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. A huge saving of time and labor, he thought.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

This dramatically increases revenue from transfers, lowers inventory costs and increases sales while helping you avoid unnecessary markdowns and subsequent allocations. In-Stock Percent. Every retailer aims to minimize the amount of out-of-stocks in their stores, so a particularly useful KPI is in-stock percent. Promotion Lift.