Retail TouchPoints

JULY 18, 2023

To fulfill its mission of providing “Fun for All,” the retailer has implemented a localized merchandising strategy that spans a portfolio of leading national and private label brands across outdoor, apparel, footwear, and sports and recreation categories.

Outdoor 217

Outdoor Markdowns Apparel Fulfillment 217

Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. But generally speaking, consumer sentiment is still quite positive — we need to see if that holds up over the summer.

Shopping 285

Shopping Consumer Planning Inventory Management 285

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. Self-service check-ins and checkouts have become the new norm, saving time and money for retailers. New Look Stores.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Wiser

FEBRUARY 29, 2024

Panelists highlighted the frustration with labor scarcity in an environment where consumer demands and expectations are constantly evolving. With so many tasks and not enough hands, businesses are turning to third-party services to fill the gap, often leading to additional costs and higher prices for consumers.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

Retail TouchPoints

JANUARY 25, 2022

This is a direct and relatively simple means to take consumers to experiential landing pages where retailers and brands can share information about products, including new launches, recipes, instructions, promotions and more. 4) Think Big: Improve supply chain and inventory management.

Management 264

Management Marketing Customer Experience Inventory Management 264

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 MANAGEMENT SOFTWARE

AUGUST 18, 2023

While some sectors, notably the apparel industry, stand to benefit from these trends, other segments, such as consumer electronics, might encounter fluctuations in sales. Use your customer data to tailor your back-to-school promotions and recommendations. These strategies set you apart in a competitive market.

Inventory Management 67

Inventory Management Promotions Payment Services Returns 67

Retalon

AUGUST 22, 2023

It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Retail Times

MARCH 30, 2021

The first step to avoiding discrepancies is to implement an electronic (ideally cloud-based) inventory system. Keeping track of products using a pen and paper isn’t just time-consuming, it can also lead to mistakes. Not ready for a full retail management solution? Consider creating an inventory management system in Excel.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retail TouchPoints

DECEMBER 25, 2023

Multinational athletic apparel retailer Lululemon recently announced its net revenue increased 20% (on a constant dollar basis) to $2.2 Better inventory management means better business operations, period. Manage your inventory exceptionally well. People have been saying “Retail is dead” for several years now.

Customer Experience 269

Customer Experience Dead-Stock Store Layout Point of Sale 269

Retalon

DECEMBER 8, 2021

In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. It used to be that consumers mostly shopped at stores geographically close to them. This includes everything from purchasing inventory to returns management. Allocation.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Inside Retail

FEBRUARY 26, 2024

One of the key trends that defined retail in 2023 was pop-up shops and how these experiential shopping experiences have taken hold over millennial and Gen Z consumers. Pop-ups are one way Nordstrom has been trying to drive sales and draw in younger, more trend-savvy consumer groups. per square foot for a pop-up versus $32.12

Retail Trends 130

Retail Trends Department Stores Fashion Inventory Management 130

Retail Geek

NOVEMBER 9, 2023

In addition to the top line forecasts, we touch on retail versus e-commerce, changing shape of the holiday, discounting climate, inventory and supply chain impacts, top performing categories, the economy, and the impact of rapidly growing Chinese brands (Temu, Shein, TikTok). billion consumers are shaping shopping trends.

Beauty and Health 64

Beauty and Health Returns Apparel Consumer 64

Retalon

AUGUST 22, 2023

How to Calculate GMROI = (Annual Gross Margin ÷ Average Inventory) x 100 To break this down: Gross Margin = Total Revenue – Cost of Goods Sold Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Benchmarks GMROI can vary widely depending on the retail sector: Overall, a GMROI of 2.0+ Anything under 1.0

Customer Retention 41

Customer Retention Returns Payment Services Promotions 41

Retalon

JULY 15, 2019

Some shocking examples of overstock include Swedish apparel giant H&M , which reportedly amassed $4 billion worth of unsold clothing as of June 2018. Failed retail promotions. Retailers typically run thousands of promotions every year. Promotional Cannibalization). Know the ROI before you buy!

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

SEPTEMBER 11, 2020

Fashion and apparel retailers are also dealing with distribution of sizes, colors, and styles, all of which are complicated further by shifting seasonality. Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Geek

SEPTEMBER 27, 2022

Mark is an experienced Marketplace seller, and his current business Guardian Baseball is a hybrid seller selling both wholesale and owned brands direct to consumer from a Shopify site, and via multiple marketplaces including Amazon. Of the world and you are having some direct-to-consumer.

Merchant Services 52

Merchant Services Checkout Payment Services Drop-Shipping 52

Retail Geek

JANUARY 20, 2023

Yes Shein exceeds $30B in annual sales, disrupting apparel industry Yes Adoption of BNPL services slows down to less than 15% CAGR in 2022. The AI for inventory management is super interesting like these models that are doing demand forecasting that are doing kind of.

Social Commerce 52

Social Commerce Fulfillment Drop-Shipping Loss Prevention 52