Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. How much safety stock is ideal?

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

NOVEMBER 19, 2018

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? What products being dropped already have substitutes being stocked? What products might also see an uplift?

Markdowns 32

Markdowns Inventory Management Fashion Accounting 32

Retalon

NOVEMBER 19, 2018

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? What products being dropped already have substitutes being stocked? What products might also see an uplift?

Markdowns 32

Markdowns Inventory Management Fashion Accounting 32

Retalon

JUNE 11, 2021

In a 2018 report , Gartner, Inc. When working with an advanced retail analytics tool, businesses should prioritize: • Eliminating Needless Inventory: By leveraging better forecasts, retailers can reduce needless manufacturing, purchases and eventual markdowns. This is a misconception. Retailers Can Have The Cake And Eat It Too.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

FEBRUARY 13, 2018

Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. Therefore, purchasing decisions are largely made at a higher than SKU level.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

JULY 4, 2018

If you’re a retailer reading this in 2018, you need to pat yourself on the back! Opening new stores can be expensive and risky, which is why many retailers have began connecting with their customers through Facebook, mobile apps, e-commerce stores, and pop-up/kiosk locations. Here’s the list of stores closing this year.).

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

NOVEMBER 29, 2014

This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location. The only way to achieve this feat is to accomplish all of this proactively. How do you build a smart fulfillment strategy? 1] [link]. [2]

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

MARCH 4, 2019

It then calculates the demand of every individual SKU across each location and/or channel and then proactively makes profitable recommendations. Every time a number is changed, the entire plan must be re-calibrated to consolidate the number and make sure it works across all locations, products etc.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Indigo 9 Digital

SEPTEMBER 7, 2022

With more pricing control brands can offer more merchandise at full price, avoiding markdowns which are thought to negatively impact a luxury brand’s image. It did this through a partnership it had with Chanel that started in 2018. Under this model brands have more control over merchandising, pricing and the customer experience.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98