Retail Adventures

JULY 13, 2021

Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2021. Keep going and add events for each month of 2021. Be Prepared for Markdowns. Start here: 1.

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Markdowns Returns Planning Promotions 98

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). But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. What is assortment planning?

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Planning Accounting Markdowns Store Layout 41

Retalon

JANUARY 6, 2021

An effective replenishment plan will drive profit. There is an age old saying, and it goes like this: “you don’t plan to fail, you fail to plan.” ” And what can be easier than planning replenishment? All you need to do is plan to replenish the products that you sell out of.

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Planning Markdowns Accounting Shipping 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

Retail Adventures

JULY 1, 2020

Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Think about the upcoming holidays and plan for Halloween, Thanksgiving, Black Friday and Holiday 2020. Keep going and add events for each month of 2021. Be Prepared for Markdowns.

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Markdowns Returns Planning Promotions 83

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Employ specialized tools to plan your assortment.

Markdowns 41

Markdowns Planning Location Accounting 41

Retail Minded

AUGUST 27, 2022

Stockouts were disastrous for retailers during the pandemic – up by 250% (Adobe, 2021) – and with 37% of consumers saying they’d simply shop elsewhere if they couldn’t find what. in 2021 from 10.6% It’s even affecting the US retail giants, with Target recently admitting its plans to ‘right-size its. The result?

Merchant Services 98

Merchant Services Drop-Shipping Markdowns Planning 98

Retalon

JULY 28, 2021

That’s why it’s important for all retailers to understand what seasonal demand forecasting is, why it’s so challenging and how retailers in 2021 are overcoming these challenges to increase their bottom line. Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.

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Markdowns Inventory Management Accounting Management 41

Retalon

JULY 28, 2021

That’s why it’s important for all retailers to understand what seasonal demand forecasting is, why it’s so challenging and how retailers in 2021 are overcoming these challenges to increase their bottom line. Retailers either lose sales and customer satisfaction due to inventory shortages or face drastic and expensive markdowns.

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Markdowns Inventory Management Accounting Management 41

Independent Retailer

SEPTEMBER 5, 2022

The key lies in using solutions that drive business intelligence forward, such as inventory planning and demand forecasting software. Even returns are up, reaching 17 percent in 2021 from 11 percent in 2020. Even Target recently admitted its plans to ‘right-size its inventory’ by making additional markdowns across the board.

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Drop-Shipping Markdowns Planning Returns 98

Retalon

SEPTEMBER 8, 2021

TORONTO , March 17, 2021 /PRNewswire/ – Retalon, an award-winning AI & Predictive Analytics software provider announced a new approach to the training of Neural Nets, named Progressive Learning. Media Contact: Yan Krupnik, VP Communications pr@retalon.com +1.647.285.4555.

Markdowns 41

Markdowns Promotions Planning ATS 41

Retalon

SEPTEMBER 8, 2021

TORONTO , March 17, 2021 /PRNewswire/ – Retalon, an award-winning AI & Predictive Analytics software provider announced a new approach to the training of Neural Nets, named Progressive Learning. Media Contact: Yan Krupnik, VP Communications pr@retalon.com +1.647.285.4555.

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Markdowns Promotions Planning ATS 41

Inside Retail

JANUARY 26, 2022

Of course, life doesn’t always turn out as we plan, and we wound up moving to Melbourne in 2017. We’ve had pop-ups and a shop in The South Melbourne Market, but as a true believer in the power of physical retail, at the end of 2021, we opened a gorgeous new flagship boutique in Melbourne’s CBD. This gives us more flexibility.

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Fashion Drop-Shipping Boutique Markdowns 130

Retalon

MARCH 2, 2021

That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. Run a promotion last year that you don’t plan for this year? How seasonal is your business? Do you run promotions? Last Year’s Data is Unreliable.

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Fashion Markdowns Promotions Accounting 41

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. The post How to Effectively Use Product Clustering in Retail (2021) appeared first on Retalon. Everything you need to know about product clustering / grouping.

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Markdowns Promotions Inventory Management Accounting 41

Retail Adventures

OCTOBER 22, 2020

Making the Golden Quarter work for you requires careful planning that, but even if you haven’t laid the groundwork for a big finish throughout the year, you can still reap the benefits of a solid holiday season. This year consider the following in your Golden Quarter planning: 1. Both of these retailers offer good plans.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

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Fulfillment Markdowns Promotions Returns 41

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. Contact our team to get a personalized demonstration of the solution.

Location 41

Location Inventory Management Markdowns Fulfillment 41

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA). About Mi9 Retail.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer was also the fastest growing food retailer in Britain in the three months up to December 4th, 2021. Marks & Spencer plans to lean more into its food offerings in the future.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Mass Relators

MARCH 17, 2022

Overall, we are excited about our plans for 2022, as we look to further differentiate Dollar General from the rest of the retail landscape, while delivering long-term sustainable growth and value for our shareholders.”. billion in the fourth quarter of 2021 compared to $8.4 in the fourth quarter of 2021 compared to 32.5%

Payment Services 52

Payment Services Markdowns Apparel Planning 52

Mass Relators

AUGUST 25, 2022

billion in the second quarter of 2021. compared to the second quarter of 2021, driven primarily by an increase in average transaction amount, as well as a slight increase in customer traffic. in the second quarter of 2021, an increase of 69 basis points. in the second quarter of 2021, an increase of 82 basis points.

Markdowns 52

Markdowns Apparel Consumer Planning 52

Mass Relators

MARCH 16, 2023

billion in the fourth quarter of 2021. compared to the fourth quarter of 2021, driven by an increase in average transaction amount, partially offset by a modest decrease in customer traffic. in the fourth quarter of 2021, a decrease of 35 basis points. in the fourth quarter of 2021, a decrease of 29 basis points.

Markdowns 52

Markdowns Consumer Apparel Planning 52

Mass Relators

FEBRUARY 28, 2023

At the same time, we’re planning our business cautiously in the near term to ensure we remain agile and responsive to the current operating environment. As we plan for the year ahead, we will continue to make robust capital investments and pursue efficiency opportunities in support of our long-term growth. billion in 2021.

Markdowns 40

Markdowns Promotions Planning Consumer 40

M19 Retail

APRIL 14, 2021

The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. This complexity requires more planning effort than only large data analysis and algorithms using artificial intelligence can help manage.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

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Markdowns Inventory Management Planning Management 40

Indigo 9 Digital

FEBRUARY 28, 2023

Shein has grown very fast becoming the most downloaded shopping app on iOS and Android in the United States in May of 2021 with Amazon coming in second. Inditex, Zara’s parent company planned to close up to 1,200 stores by the end of 2022 and open 450 new stores. By 2018 Forever 21’s online sales were only 16% of total sales.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

SEPTEMBER 22, 2021

Demand forecasting, Inventory planning, POS systems, and every other supply chain process will need to support BOPIS fulfillment. Make BOPIS an inherent part of fulfillment strategy and your overall retail planning. BOPIS implementation requires careful planning and strategic investments. 3) Supply chain infrastructure.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Mass Relators

DECEMBER 12, 2022

“We believe the majority of these and other gross margin pressures are largely temporary, and we are confident in our plans to drive greater supply chain efficiencies moving forward.”. He announced plans for some 3,170 real estate projects in the U.S. He announced plans for some 3,170 real estate projects in the U.S.

Drop-Shipping 52

Drop-Shipping Markdowns Planning Apparel 52

Independent Retailer

AUGUST 19, 2022

Here are several key predictions based on previous years’ trends: Halloween 2022 will be huge, both in pent-up consumer demand and peak popularity: Search volume for “Halloween” has gained traction earlier and earlier, with searches beginning to increase starting in July of 2021, and peaking at 123K daily searches in October.

Shipping 98

Shipping Merchant Services Consumer Returns 98

Retalon

NOVEMBER 11, 2021

Billion in 2021 according to Gartner. Advanced analytics technology can create accurate demand forecasts that lead to better retail planning. As a result, retailers are able to optimize their inventory across all channels and locations to avoid potential lost sales and unnecessary markdowns. Why invest in pricing and promotions?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retail Adventures

AUGUST 16, 2022

Making the Golden Quarter work for you requires careful planning. Plan a monthly sales goal and set daily targets for sales, and even for specific products. It just makes sense to have a plan of action. Include after-holiday plans too, including required floor moves and décor that needs to come down. It’s almost here.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retail TouchPoints

OCTOBER 11, 2021

In 2021, the stakes are even higher — as the Delta variant sent shoppers into retrench mode yet again, retail and food services sales fell an estimated 1.1% ii] And as the economic recovery has gained steam, Quantum Metric projects that almost half of shoppers (47%) expect to spend more on the 2021 season than the prior year.

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Markdowns Promotions Marketing Retailing Pricing 263

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

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Markdowns Dead-Stock Promotions Planning 41

Retail Geek

FEBRUARY 28, 2023

more than 20 21 largely because 2021. so, basically Walmart slightly out performed the retail industry and two of the three years and underperformed retailing 2021, but solid growth across all three years and then Walmart is one of the nice retailers that breakout their e-commerce growth separately which. Average retail growth is 4.1

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52

365 Retail

SEPTEMBER 16, 2021

Retailers famously live and die by the holiday season each year, but as the 2021 season fast approaches, the stakes are higher than ever. The result can be costly post-season markdown events that leave retailers stuck with short-life seasonal items that necessitate steep marks or even complete write-offs.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Retalon

APRIL 21, 2021

The best way to optimize omnichannel fulfillment in 2021. Because this allows retailers to not only be prepared to fulfill orders for every channel but also to optimize each order for cost — this approach allows retailers to improve customer experience, maximize sales, and minimize markdowns. Why is the number so high?

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Fulfillment Drop-Shipping Shipping Returns 41