Retalon

JUNE 22, 2020

Accurate demand forecasts allow retailers to confidently execute merchandise assortment plans, bring the right quantity of inventory to the right location to match promotional uplifts, and avoid unnecessary markdowns.

Merchant Services 41

Merchant Services Markdowns Promotions Location 41

Retail Prophet

JULY 18, 2022

Most companies today, according to Thorbeck, are accounting only for the front-end advantage that low cost might afford them. The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. Risks, he says, that make businesses far less competitive.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Because retailers can’t afford to lose money because inventory purchases didn’t account for future promotions, business leaders imposed processes to keep everyone on the same page. POS data (sales, returns, etc.). Inventory levels (store, warehouse, distribution centers).

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

MARCH 4, 2019

Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns. Inventory Management.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

AUGUST 16, 2019

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. The upside is, loyal customers may be more favorable toward product recommendations that take their personal preferences into account. This is the level of exclusivity their customers expect and prefer.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

AUGUST 16, 2019

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. The upside is, loyal customers may be more favorable toward product recommendations that take their personal preferences into account. This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Indigo 9 Digital

FEBRUARY 28, 2023

Both of these stars have been seen modelling Fashion Nova clothing on their own Instagram accounts and Cardi B also has her own Fashion Nova clothing line. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. By 2019 Forever 21’s sales declined from a peak of $4.4 billion in 2019.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98