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How to Start an eBay Store: A Complete Guide for New Sellers

Small Biz Trends

Choosing the Right Account Type: Selecting between personal and business accounts is crucial; business accounts offer advanced features suited for retailers. Setting Up Your eBay Account Setting up your eBay account is a critical step in launching a successful eBay store. How do I set up an eBay account?

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Maison Kitsuné and Hoka take divergent paths in physical retail – what to know

Inside Retail

She also noted the “excessive markdowns of what looks like seasonless and basic silhouettes and colours on their website.” According to market research firm eMarketer, bricks-and-mortar stores accounted for 82.9 per cent of US retail sales in 2024.

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Smart Replenishment: The Key to Efficient Inventory Control

I Vend

Additionally, real-time inventory management makes it easier to identify slow-moving stock and make adjustments to promotions or markdowns to clear it out. For example, if certain products are in higher demand during, say, holidays or festivals or seasons, you can adjust the system to account for these fluctuations.

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What Are Key Principles of Effective Store Inventory Control?

Small Biz Trends

Establish clear inventory processes and standardized procedures to ensure consistency, accuracy, and accountability across operations. Finally, train your staff on these established processes to guarantee accountability and adherence to protocols, leading to a reduction in shrinkage and improved overall inventory accuracy.

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The Future of Assortment Planning: AI-Driven Predictive Analytics

Retalon

Unlike traditional methods, which rely heavily on static historical data, predictive analytics uses advanced modeling to account for current and future trends, external variables, and market shifts. learn more… Fewer Markdowns Minimize profit loss from excess inventory.

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Understanding the Modern Category Manager: Overcoming Daily Challenges with Smarter Solutions

Wiser

They need a structured, data-driven approach that accounts for competitive pricing, product performance, and promotional effectiveness across retailers. This includes assessing how markdowns affect sales velocity, ensuring promotional pricing aligns with financial objectives, and maintaining consistency across assortments.

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Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

Lifecycle pricing , which integrates base pricing, promotions and markdowns into one holistic strategy, can help merchants optimize their approach — especially as they strive to localize, and even personalize, experiences for consumers across all channels. Many times, markdowns are heavily weather related, especially for fashion retailers.