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. Often minimizing markdowns in the process. Unifying Fashion Analytics.

Fashion 41

Fashion Markdowns Promotions Accounting 41

M19 Retail

MARCH 22, 2021

In the area of inventory optimization alone, these forecast accuracy gains translate into measurable benefits: As much as a 2 percent increase in total topline sales as the result of improved availability. Up to 70 basis points of additional profit due to increased sales and reduced inventory costs (e.g. About Mi9 Retail.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. How much safety stock is ideal?

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

SEPTEMBER 1, 2020

Without a solid demand forecast, you risk misallocating inventory and missing your revenue targets while watching turns collapse. Fixing the problem through stock rebalancing or price markdowns will be expensive. Not to mention lost opportunity of bringing another product instead and losing cash.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retail Prophet

JULY 18, 2022

The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. The myopic focus on low price has lead to an epidemic of markdowns and dead stock. Sprinkle in some accounting for seasonality and you’ve got inventory management 101.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

DECEMBER 8, 2021

Many cope by using generalized approaches for allocation like category-level inventory management. Knowing demand at SKU/store level means that inventory is allocated to the customer’s closest location. Fulfillment models that work for apparel may not work as well for appliances. Order Processing.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. So instead of selling more merchandise, retailers would sell the same quantity that they have in store but at a lower price and lose money. Bob Johns: Interesting.

Markdowns 32

Markdowns Promotions Planning Accounting 32