Retail TouchPoints

MARCH 8, 2023

We did a good job in 2021,” said Kingsbury. The decline was primarily driven by clearance markdowns of approximately 750 basis points, according to CFO Jill Timm. 28, 2023. “We But [in] 2022, obviously, we had a big spike in the inventory. in Q4 2022.

Markdowns 259

Markdowns Planning Promotions ATS 259

Retail TouchPoints

MARCH 3, 2023

Target Invests in Price and Speed to Attract Shoppers Target ended Q4 with inventory 3% lower than in 2021, a sign that the retailer has managed to overcome the excesses it struggled with through the first half of 2022. during Q4, but they were up 0.6% at its flagship banner and up 5.8%

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns.

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

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?

Markdowns 41

Markdowns Dead-Stock Promotions Planning 41

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. Clearly retailers cannot base their price and promotion strategies this year solely on the experience of prior seasons. Cross-Item Effects at Your Fingertips.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. The not-so-good news is that inventories are running around 23 per cent above the more normalised levels of 2021.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Retail Adventures

DECEMBER 1, 2020

If you have to do pre-Christmas markdowns do it while the sales floor continues to be busy with shoppers. The first markdown you take is the always the most important and the cheapest. Markdowns allow you to maximize your invested dollars. So move around new goods and things that have been with you for a while.

Markdowns 98

Markdowns Cross Merchandising Promotions Shopping 98

Retail Focus

FEBRUARY 8, 2022

Research in 2021 from Pricer revealed that 57% want digital engagement in the aisle to improve CX and inform purchasing decisions. The many ways in which customers want help in store no longer converge on the services of a store associate; they are more than happy to self-serve, but they do still want help.

Markdowns 148

Markdowns Sporting Goods Management Shopping 148

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.

Markdowns 98

Markdowns Returns Planning Promotions 98

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Some of these factors include: Pricing Consumer preferences Competitors Events Promotions Vendors Logistics etc.

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. Keep going and add events for each month of 2021. Be Prepared for Markdowns. A markdown plan for every piece of merchandise that you purchase is a smart idea. Start here: 1. Or strategy.

Markdowns 83

Markdowns Returns Planning Promotions 83

Retalon

MARCH 2, 2021

What channels do you promote through? Do you run promotions? Run a promotion last year that you don’t plan for this year? Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns.

Fashion 41

Fashion Markdowns Promotions Accounting 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.

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.

Markdowns 41

Markdowns Promotions Planning ATS 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. Occasion attributes – Another product group can be formed based on products that behave similarly during specific holidays, seasons, or promotions.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

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.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

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?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

MARCH 9, 2021

Low prices leave little room for promotions or end-of-lifecycle markdowns. An initial promotion introduces customers to a service that they continue to use and pay for. While promotional allowances such as loyalty discounts or military and senior citizen discounts provide incentives for customers’ recurring business.

Bundled Pricing 41

Bundled Pricing Promotions Markdowns Advertising 41

Retalon

JANUARY 6, 2021

Replenishment planning is the process of figuring out how to profitably replenish inventory throughout the season, at what quantities, through which vendors / shippers, and how frequently — with the goal of minimizing out-of-stocks, unnecessary markdowns, and overall costs. Why is replenishment planning so complicated?

Planning 41

Planning Markdowns Accounting Shipping 41

Retalon

JANUARY 5, 2021

Or that new promotional strategies will lead to an uplift for discounted products, while likely reducing sales for similar, regular-priced items. At the same time, minimizing slower-selling inventory in other stores significantly reduces the end-of-life or end-of-season markdowns that erode profitability.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retail Adventures

OCTOBER 22, 2020

Discounting has become big business year round, so during the holidays it’s a good idea to offer sweet deals on items you don’t want to carry over into 2021. These signs include the promotional and event signs that are meant to be hung for a limited amount of time. Be prepared for markdowns and returns.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Mass Relators

FEBRUARY 28, 2023

billion in 2021. percent compared with 2021, reflecting sales growth of 2.8 percent in 2021. percent in 2021, reflecting pressure from higher clearance and promotional markdown rates, higher net merchandise costs, and higher inventory shrink, partially offset by favorable category mix. percent from $2.1

Markdowns 40

Markdowns Promotions Planning Consumer 40

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

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

Indigo 9 Digital

FEBRUARY 28, 2023

Laura Illanes, a 22-year-old student at the University of South Carolina Upstate, said she gets six free pieces of clothing from Shein each month for promoting the brand to her 36,000 Instagram followers. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. Large stores are inherently risky.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retail Adventures

AUGUST 25, 2021

Discuss products, policies, promotions – anything and everything store associates need to know that day. Don’t wait too long to take a markdown. Create a marketing and promotions calendar for each month of 2021. 2020 was hard and 2021 hasn’t been a picnic for retailers either. Toot your own horn.

Returns 83

Returns Cross Merchandising Promotions Marketing 83

Retalon

NOVEMBER 11, 2021

Billion in 2021 according to Gartner. 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? What is the average IT spending in the retail industry?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

SEPTEMBER 22, 2021

In addition, they can be greeted by sales associates who can recommend products or inform customers of promotions and events. Create smart dashboards to minimize supply chain costs, out-of-stocks, and markdowns through real-time analysis of demand, sales, and inventory. Lower shipping costs. Should retailers choose BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail Adventures

AUGUST 16, 2022

We’re talking Non-Stop Traffic-Building, Profit-Producing, Attention-Grabbing, Sales-Generating, Competition-Miffing, Customer-Winning Retail Events and Promotions™ like our Guys Night Out, The 12 Days of Christmas, 50% Off Coupon Event, the previously mentioned Create Your Own Coupon Sale and Cash Register Receipt Auction.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

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