Wiser

APRIL 7, 2020

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

Markdowns 128

Markdowns Inventory Management Drop-Shipping Apparel 128

Retail TouchPoints

AUGUST 13, 2024

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Retailers can automate markdowns to minimize revenue loss and increase profitability, which can be especially important for seasonal retailers.

Markdowns 311

Markdowns Loss Prevention Customer Experience Inventory Management 311

Inside Retail

AUGUST 24, 2023

Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. But adding a 53rd week into FY23’s figures will boost sales by $150 million, the company said. Saunders did note that after a loss of $49 million in the same quarter last year, a $117 million profit was a positive step.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Retalon

AUGUST 5, 2020

Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Inventory management teams calculate the In-Stock Percentage by dividing the number of stores that have a SKU in stock by the number of stores that should stock that SKU.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41