Retail Focus

FEBRUARY 4, 2025

For example, when you shop online at Amazon or ASOS, you’ll notice that the recommendations are specific to your browsing and buying behaviour. Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. It also allows retailers to tailor pricing at an individual level.

Inventory Management 163

Inventory Management Markdowns Checkout Customer Experience 163

Retail TouchPoints

MARCH 17, 2025

One of the most promising is a challenge that has bedeviled merchandisers, marketers and inventory managers for decades, if not centuries demand forecasting. For example, in the chemicals industry, if youre at 40% to 50% forecast accuracy, youre probably holding two to three times as much inventory as your peers.

Markdowns 216

Markdowns Inventory Management Marketing Consumer 216

Retail TouchPoints

AUGUST 13, 2024

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Let’s take a look at how this progression works in several areas of the retail organization.

Markdowns 311

Markdowns Loss Prevention Customer Experience Inventory Management 311

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 278

Markdowns Retailing Pricing Promotions Fulfillment 278

Retail TouchPoints

AUGUST 19, 2021

We’ve done our Future Consumer Index seven times during COVID-19 and at this point, 19% say they have no fear at all [about COVID-19] and 33% say they’ll feel more comfortable in the next six months,” Orschell said in an interview with Retail TouchPoints. However, availability of products continues to be a challenge for many retailers.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Wiser

MARCH 14, 2025

The Complex Role of a Category Manager Category Managers sit at the center of a high stakes balancing act. Managing category growth, supplier partnerships, and promotional execution across multiple retailers and sales channels requires constant coordination. Every product decision carries weight.

Management 78

Management Inventory Turnover Promotions Markdowns 78

Retail TouchPoints

JULY 18, 2023

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

Outdoor Markdowns Apparel Fulfillment 235

Inside Retail

APRIL 1, 2025

Though promotional cycles were a boon for sales, Diez-Simson said that managing the tension between cashflow and margin became her biggest challenge in 2024. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

Promotions 130

Promotions Finance Markdowns Drop-Shipping 130

Retail TouchPoints

AUGUST 17, 2022

Inventory markdowns weighed on Target in Q2 2022 as its net earnings dropped to $183 million , down almost 90% from its Q2 2021 performance. However, comparable sales growth was positive (if modest) at both retailers, with Target growing 2.6% Inventory levels remained slightly elevated, at $15.3 Grocery Sales Surge at Walmart.

Markdowns 277

Markdowns Management ATS Marketing 277

Retail TouchPoints

OCTOBER 3, 2023

It was at that point that putting the technology and operations in place to fulfill from an increasingly complex supply chain network embarked upon its next frontier. The digital channel typically had one or more dedicated facilities, which ironically were often planned and managed like an individual additional brick-and-mortar location.

Fulfillment 286

Fulfillment Drop-Shipping Shipping Markdowns 286

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.

Markdowns 259

Markdowns Promotions Apparel Shopping 259

Inside Retail

JUNE 1, 2021

“We want to be the first port of call for brand-conscious and value-conscious Gen Z and millennial consumers,” said Justin Seskin, one of TheDOM.com’s co-founders, along with Thrills director Howard Blend and It Works managing director Paul Downs. . Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Shopping 246

Retail Smart Guys

JANUARY 16, 2025

What is Inventory Management, and Why Does It Matter? Inventory management is the process of tracking and optimizing stock levels to meet customer demand while maximizing profitability. How Retail Smart Guys Can Help With expert open-to-buy planning, Retail Smart Guys helps you: Stock the right products at the right time.

Inventory Management 98

Inventory Management Management Markdowns Fulfillment 98

Retail Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Wiser

AUGUST 24, 2017

They are also a way to ensure markdowns and promotions are effective. If your markdown and sale patterns become obvious to your consumer, they will wait for those markdowns and hold off on shopping until a promotion rolls around. They tested selling women’s clothing priced at $35 and $39. Don’t Follow a Pattern.

Markdowns 180

Markdowns Marketing Drop-Shipping Promotions 180

Retail TouchPoints

SEPTEMBER 23, 2024

Are certain promotions more effective at increasing basket sizes, while others drive more frequent visits? Optimize Markdowns Proactively Markdowns are a necessary part of retail, but they should be approached with a proactive strategy.

Promotions 147

Promotions Markdowns Planning Retailing Pricing 147

Retail TouchPoints

MARCH 14, 2023

Managing them correctly is just as important as any other part of the customer journey. When it’s out of season, they have to do markdowns, so it starts a vicious cycle. Someone bought that item a week ago, and now it’s $10 or $20 cheaper, so they return the full price item and buy a markdown item.

Returns 263

Returns Markdowns Fulfillment Consumer 263

Retail TouchPoints

SEPTEMBER 15, 2020

Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior. If you look at grocery stores as an example, many retailers were forced to sell eggs at a loss because their wholesale costs increased dramatically.

Markdowns 265

Markdowns Technical Support Promotions Consumer 265

Retail TouchPoints

FEBRUARY 15, 2023

“We created the Ai.Retail platform several years ago [to offer retailers] a repository of capabilities that teams could quickly pull off the shelf as they’re figuring out what to do with all their data,” said Jill Standish, Global Retail Lead at Accenture in an interview with Retail TouchPoints. “So

Merchant Services 290

Merchant Services Markdowns Store Operations Planning 290

Retail TouchPoints

JANUARY 3, 2023

Becoming proficient at navigating these obstacles is key to protecting retail profits. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. Inflation and the Incredible Shrinking Margin. Bad Bots are Siphoning Profits.

Merchant Services 306

Merchant Services Payment Services Accounting Checkout 306

Retail TouchPoints

MARCH 3, 2023

at its flagship banner and up 5.8% at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. at its flagship banner and up 5.8% Beauty sales were a bright point at both businesses. during Q4, but they were up 0.6%

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Retail TouchPoints

OCTOBER 15, 2021

According to Edited, the total number of consumers deemed “plus-sized” is set to grow at twice the rate of the rest of the market. Edited’s data points to a severe gap in the market creating a feeling of “otherness” among a significant consumer base that has an expanding share of wallet, according to Kayla Marci, Market Analyst at Edited.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Independent Retailer

DECEMBER 23, 2022

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. Offer Promotions & Product Markdowns. Census data. back to top.

Inventory Management 98

Inventory Management Wholesale Management Markdowns 98

Retail TouchPoints

JUNE 26, 2023

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process.

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

Retail Focus

FEBRUARY 27, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 148

Markdowns Supermarket Grocer Store Operations 148

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Inventory management best practices enable you to run your business most effectively and profitably.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Inside Retail

SEPTEMBER 3, 2024

In this article, we will look at the benefits and the key areas to apply AI in the retail industry. Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Shoppers can receive personalised support at any time, ensuring satisfaction and encouraging repeat visits.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Inside Retail

MARCH 5, 2025

Lendrum brings a wealth of experience to the role, having previously held positions at Saint Laurent, Gucci and Ralph Lauren as president for the North American market. The retail industry at large is excited to see how the French luxury retailer will play out in the North American market. We dont want this to be a markdown experience.

Retail Marketing 130

Retail Marketing Department Stores Marketing Markdowns 130

Cisco Retail

MAY 20, 2022

The goal here will be to manage Deployments in a Kubernetes cluster using commands entered into a Webex room. In this case, I’ve set up a new Bot called Kubernetes Deployment Manager , but you can use your existing Bot if you like. Since we’re only looking at the scale approach in this post, we’ll have two paths in this implementation.

Management 145

Management Returns Accounting Markdowns 145

Cisco Retail

OCTOBER 8, 2021

A: One bite at a time… or so the saying goes. Admittedly, I don’t know of anyone who eats whale one bite at a time (or any way otherwise for that matter). One way is using Jupyter Notebook to combine documentation authored in markdown together with live code. The markdown is rendered. . Q: How do you eat a whale?

Markdowns 145

Markdowns Management Returns ATS 145

Retail TouchPoints

NOVEMBER 8, 2022

Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. This often gets the item back to the retailer in a quick enough turnaround to resell the items at the same price, avoiding margin loss. Use Tech to Augment the Customer Experience.

Returns 306

Returns Markdowns Inventory Management Customer Experience 306

Retail TouchPoints

FEBRUARY 2, 2022

Many retailers are worried that they don’t have all the data at their fingertips, like product data, customer data, transactional data, when items sold, on what device and more. Everyone starts somewhere, and it’s OK wherever you are at in your data journey. I don’t have all the data I know I should have, is that OK?

Retailing Pricing 246

Retailing Pricing Markdowns Accounting Outdoor 246

Retail TouchPoints

SEPTEMBER 29, 2022

Here, we look at some of the initiatives — transparent sourcing, greater demand forecasting, recommerce and sustainable packaging — retailers are using to be more sustainable. Not to mention the billions spent by brands to ensure products do not end up at unauthorized retailers — and, in some instances, to incinerate unsold stock.

Fast Fashion 362

Fast Fashion Fashion Consumer Markdowns 362

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. The management of trading floors has evolved to cope with this complexity. A critical enabler is the ability for managers to review the profitability of trades in real time and intervene as the situation requires.

Markdowns 245

Markdowns Promotions Management Marketing 245

A1 Retail

FEBRUARY 28, 2025

The top ten innovations selected for the shortlist in 2025, listed in alphabetical order, are: AIPERIA (stand #SU18) An AI solution that redefines ultra-fresh food management, using over 150 data points to generate precise demand forecasts, ensuring the right product availability while minimising waste and maximising profitability for grocers.

Markdowns 66

Markdowns Promotions Grocer Location 66

Retail TouchPoints

FEBRUARY 12, 2021

Let’s take a closer look at the reasons why RFID has been thriving — past, present and future — including how it will continue to play a supporting role in a post-COVID-19 world, and how it shows promising signs of supporting and integrating with emerging technology. As the crisis continues to unfold, simply having options is a major plus.

Fulfillment 286

Fulfillment Markdowns Inventory Management Customer Experience 286

Retail TouchPoints

AUGUST 19, 2024

Just six years after the disastrous Cambridge Analytica scandal, the tech giant has managed to rehabilitate its image by refining its algorithm to avoid relying on sensitive personal information. Even worse, these promotions often fail to clear the desired inventory at all. He can be reached at ffantini@toolsgroup.com.

Consumer 306

Consumer Markdowns Promotions Advertising 306