Remove Accounting Remove Markdowns Remove Merchant Services
article thumbnail

Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. And by taking an integrated approach to pricing, promotions and markdowns, retailers can use a holistic data-driven strategy that uses the same science and is measurable for all teams.

Markdowns 321
article thumbnail

2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Specifically, bot operators continue to siphon retailer profits with increasingly sophisticated automated threats — including account takeover, web and API scraping and more. Bad Bots are Siphoning Profits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

Products that are sized 18 and above and available in the UK only account for 14% of the total market. From research to garment creation, fitting with body shape in mind, marketing, in-store and online customer service, size-inclusive representation needs to be present at a decision-making level within the fashion industry,” Marci added.

Consumer 290
article thumbnail

Open to Buy Retail Planning Done Right

Retalon

We refer to these as Merchant-driven organizations. At home, the gift budget may need to be significantly higher in December than in January to account for holidays. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. If buyers encounter the next great product, they may choose to exceed the set budget.

article thumbnail

Open to Buy Retail Planning Done Right

Retalon

We refer to these as Merchant-driven organizations. At home, the gift budget may need to be significantly higher in December than in January to account for holidays. In some organizations, the OTB (budget) serves more as a guiding or advisory tool. If buyers encounter the next great product, they may choose to exceed the set budget.

article thumbnail

The Order Fulfillment Process in 2022 and Beyond

Retalon

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In fact, the best order fulfillment processes become sources of revenue, profit, and even customer loyalty.

article thumbnail

Shopping Your Competition for Fun and Profit

Retail Adventures

It’s important because these visits help you keep your finger on the pulse of industry and community trends, customer service standards, and competitor offerings. Stop in each important area of the sales floor and watch shoppers, trying to see the merchandising and customer service through their eyes. Is coverage adequate?