Retail TouchPoints

NOVEMBER 3, 2020

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).

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Drop-Shipping Merchant Services Fulfillment Shipping 200

Retalon

MARCH 21, 2025

AOP meaning – Annual Operating Plan, is a comprehensive strategic plan that outlines a companys financial goals, key initiatives, and operational tactics for the upcoming fiscal year. For retailers, an AOP serves as a central planning tool that drives alignment across departments and informs high-level decisions.

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Markdowns Finance Promotions Planning 41

Retalon

MAY 10, 2024

If you have ever planned a family budget, you will easily understand Open to Buy (OTB). There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat.

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Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

If you have ever planned a family budget, you will easily understand Open to Buy (OTB). There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Indigo 9 Digital

FEBRUARY 28, 2023

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. Commenting on the growth of Shein TechCrunch wrote : “[Shein] manufactures in China as many apparel retailers do. Inditex, Zara’s parent company planned to close up to 1,200 stores by the end of 2022 and open 450 new stores.

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Fast Fashion Fashion Apparel Department Stores 98

Retail Adventures

OCTOBER 22, 2020

Making the Golden Quarter work for you requires careful planning that, but even if you haven’t laid the groundwork for a big finish throughout the year, you can still reap the benefits of a solid holiday season. This year consider the following in your Golden Quarter planning: 1. Both of these retailers offer good plans.

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Markdowns Advertising Planning Cross Merchandising 98

Retalon

FEBRUARY 12, 2021

Critical Considerations for Retail Assortment Plans. A retailer’s assortment planning process can make or break their selling season (or even their entire fiscal year). But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. What is assortment planning?

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Planning Accounting Markdowns Store Layout 41

Indigo 9 Digital

SEPTEMBER 1, 2022

But in 2020 Marks & Spencer opened up its website to outside apparel brands. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer plans to lean more into its food offerings in the future. Bringing in more third party brands.

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Drop-Shipping Markdowns Planning Grocer 95

Mass Relators

MARCH 27, 2023

Looking ahead to fiscal 2023, management unveiled aggressive growth plans that call for more than 1,000 new store openings. Owen added that plans for fiscal 2023 include continued investment in strategic initiatives and an incremental investment in the store fleet of about $100 million. Apparel, however, decreased 19.4%

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Markdowns Apparel Planning Consumer 52

Retalon

FEBRUARY 21, 2025

Penney representative stated: JCPenneys core customer cannot afford to pay an additional 25% tax on apparel, footwear and household goods Increasing taxes on hundreds of basic clothing items and home goods will hurt all moms who dont have inexhaustible disposable income. Trade Representative to oppose these tariffs.

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Markdowns Planning Inventory Management Drop-Shipping 41

Mass Relators

MARCH 17, 2022

Overall, we are excited about our plans for 2022, as we look to further differentiate Dollar General from the rest of the retail landscape, while delivering long-term sustainable growth and value for our shareholders.”. These factors were partially offset by a reduction in markdowns as a percentage of net sales and higher inventory markups.

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Payment Services Markdowns Apparel Planning 52

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.

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Fashion Markdowns Promotions Accounting 41

Mass Relators

MARCH 16, 2023

Same-store sales in the fourth quarter of 2022 included growth in the consumables category, partially offset by declines in each of the apparel, home, and seasonal products categories. The company is planning capital expenditures in the range of $1.8 Same-store sales increased 5.7% Gross profit as a percentage of net sales was 30.9%

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Markdowns Consumer Apparel Planning 52

Mass Relators

DECEMBER 12, 2022

“We believe the majority of these and other gross margin pressures are largely temporary, and we are confident in our plans to drive greater supply chain efficiencies moving forward.”. He announced plans for some 3,170 real estate projects in the U.S. He announced plans for some 3,170 real estate projects in the U.S.

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Drop-Shipping Markdowns Planning Apparel 52

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

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Markdowns Inventory Management Planning Management 40

Mass Relators

AUGUST 25, 2022

Same-store sales in the second quarter of 2022 included growth in the consumables category, partially offset by declines in each of the apparel, seasonal, and home products categories. Same-store sales increased 4.6% Gross profit as a percentage of net sales was 32.3% in the second quarter of 2022 compared to 31.6%

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Markdowns Apparel Consumer Planning 52

Retalon

MARCH 2, 2021

That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. Run a promotion last year that you don’t plan for this year? How seasonal is your business? Do you run promotions? Last Year’s Data is Unreliable.

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Fashion Markdowns Promotions Accounting 41

Retail Adventures

AUGUST 16, 2022

Making the Golden Quarter work for you requires careful planning. Plan a monthly sales goal and set daily targets for sales, and even for specific products. It just makes sense to have a plan of action. Include after-holiday plans too, including required floor moves and décor that needs to come down. It’s almost here.

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Markdowns Advertising Planning Cross Merchandising 52

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. 6. Buying and assortment planning.

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Markdowns Promotions Inventory Management Planning 32

Retalon

OCTOBER 18, 2013

It’s been almost a joke what has happened in retail business for years where retailers will declare a promotion or announce a markdown, 20 percent off, and the stores will not have any additional inventory to support it. And if you use these numbers to forecast your next year data, you’ll basically plan yourself to be out of stock next year.

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Markdowns Promotions Planning Accounting 32

Retalon

SEPTEMBER 11, 2020

But to make sure you’re focused on the right question, we need to clear up to major misconceptions with demand forecasting: Sales forecasting vs. demand forecasting Forecast vs. plan. Demand Forecast vs. Demand Plan. People often use demand planning and demand forecasting interchangeably. Sales Forecast vs. Demand Forecast.

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Payment Services Promotions Accounting Fulfillment 41

Retail Geek

FEBRUARY 28, 2023

Extraordinarily inexpensive apparel and you know inexpensive tchotchkes that you probably didn’t know you need but like if you start browsing the side it for a.m. Jason: [2:00] Social shopping exactly and so it’s super interesting and they’re doing really well so they launched an e-commerce site in the u.s. percent so. [31:38]

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Apparel Drop-Shipping Social Commerce Shipping 52

Retalon

DECEMBER 8, 2021

Textbooks don’t need to languish on shelves and be subject to drastic markdowns, while students are turned away at the out-of-stock university bookstore. At the other end, analytics solution vendors provide solutions for planning, inventory management, as well as, pricing and promotions. Order Processing.

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Fulfillment Merchant Services Drop-Shipping Shipping 41

Retalon

OCTOBER 8, 2020

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

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Markdowns Inventory Management Promotions Planning 41

Retail Prophet

JULY 18, 2022

In 1956, after almost two decades of planning, McClean’s musings became reality got when he loaded 58 metal containers in Port Newark onto the S.S. The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. A huge saving of time and labor, he thought.

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