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Navigating AI Adoption: Why the Co-Pilot Approach is the Most Successful  

Retail TouchPoints

This process ensures harmony between AI capabilities and human expertise, laying a strong foundation for sustained AI adoption and operational excellence across key retail areas including content marketing, customer support and fulfillment. Let’s take a look at how this progression works in several areas of the retail organization.

Markdowns 311
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Academy Sports + Outdoors Expands Revionics Partnership to Optimize Customer-Centric Pricing

Retail TouchPoints

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 235
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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

We never found that [a sitewide sale] is the right approach in the apparel space because that is giving away margin on good products that people pay good prices for, Pavone explained. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

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

Retail TouchPoints

this year alone, representing approximately 21% of the total women’s apparel market. The business case is clear, but the looming question for apparel brands and retailers is: How do we make inclusivity a tangible — and profitable — business strategy? billion in the U.S. Inclusion Definitions Expanding Beyond Sizing.

Consumer 290
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How Retailers can Overcome the Challenges Faced on the Path to Sustainability

Retail TouchPoints

But operating sustainably isn’t just about meeting consumer expectations — there are industry and business practices to fulfil too. To help address this, some retailers have been using advanced artificial intelligence (AI) to improve forecasting capabilities and optimize markdown processes to reduce product waste. Recommerce.

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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG). Keith Jelinek.

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5 REASONS OMNICHANNEL ORDER FULFILMENT IS ABOUT MORE THAN JUST SPEED…

Retail Minded

As ecommerce continues to boom, it has reinforced the need for retail brands to strengthen their online fulfilment and shorten click-to-customer cycle times. That worked great when you knew the demand to fulfil ahead of time. Fulfilment processes in the warehouse need to be flexible. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE.