Retail TouchPoints

APRIL 27, 2021

The solution also will help Sally Beauty create more effective promotions through enhanced targeting and develop profitable markdown plans. Among the activities Americans plan to engage in during what Vagaro refers to as a “Quarantine Glow-Up” are enhanced skin and haircare routines — Sally Beauty’s sweet spot.

Markdowns 261

Markdowns Promotions Planning Target Market 261

Retail TouchPoints

JUNE 17, 2024

will deploy the Base Price and Markdown pricing solutions from Revionics , an Aptos Company , to help scale optimized pricing across its 2,200 stores and ecommerce site. The scale and sophistication of Revionics, along with the ability to price at a localized level, have been extremely strategic for our business.” Tractor Supply Co.

Markdowns 261

Markdowns Outdoor Apparel Planning 261

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 293

ATS Markdowns Consumer Social Commerce 293

Retail Adventures

JANUARY 20, 2021

Just because you fell in love with that item when you saw it at the last trade show you attended it doesn’t guarantee it will sell once it hits your sales floor. And when it doesn’t you need a plan to get rid of it so you can buy fabric that will sell. When done on time, the first markdown you take is always the cheapest markdown.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Retail TouchPoints

AUGUST 1, 2024

The deployment is designed to reduce the risk of markdowns and stock shortages while also limiting the impact of underperforming products. First Insight’s platform gives us fast, actionable insights into our customers’ preferences, which has already provided significant value.”

Markdowns 261

Markdowns Location Planning ATS 261

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

Wiser

AUGUST 15, 2017

In a perfect retail world, markdowns wouldn’t be necessary and every item would sell at full price within weeks of being in store. This is where markdowns come in handy, as the demand for a product diminishes, sales can encourage shoppers to purchase an item they wouldn’t have considered buying at full price.

Markdowns 90

Markdowns Promotions Planning Shipping 90

Retail TouchPoints

NOVEMBER 29, 2022

Under the new market delivery model, large items are shipped directly from DCs to the customer, reducing the number of “touches” for each order and freeing up space at brick-and-mortar stores. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

Fulfillment 297

Fulfillment Markdowns Store Operations Customer Experience 297

Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

Consumer 246

Consumer Markdowns Planning Shopping 246

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 281

Fulfillment Drop-Shipping Shipping Markdowns 281

Retail TouchPoints

OCTOBER 11, 2021

With seasonal items in particular, missing the mark on pricing, even if only a little, often results in excess stock on hand that has very weak demand, necessitating markdowns. Michaud launched his career with 16 formative years at IBM in a variety of sales, marketing and solution executive roles. [i]

Markdowns 259

Markdowns Promotions Retailing Pricing Marketing 259

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

Retail TouchPoints

OCTOBER 15, 2021

More and more, that means rethinking product development and expanding their sizing and assortment planning to represent a wider range of sizes and body shapes. But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. billion in the U.S.

Consumer 284

Consumer Merchant Services Markdowns Fulfillment 284

Inside Retail

FEBRUARY 9, 2022

An increase in volatility in any one of these variables would be troublesome for a retailer, but when all six are in play it makes for a perfect planning storm. The planners in turn use data and adopt planning methodologies of varying complexity to move stock at optimum price and margin. .

Planning 130

Planning Markdowns Sporting Goods Shipping 130

Retail TouchPoints

SEPTEMBER 23, 2024

Optimize Seasonal Promotion Plans Seasonal promotions are a staple in retail, but not all promotions are created equal. This strategic approach to promotion planning can help retailers avoid unnecessary discounting while still driving sales during peak periods.

Promotions 144

Promotions Markdowns Planning Retailing Pricing 144

Retail TouchPoints

NOVEMBER 25, 2020

At Mejuri, we view data as a strategic asset, especially when it helps us create more compelling customer experiences,” said Majed Masad, COO at Mejuri in an interview with Retail TouchPoints. Retailer Plans to Use Solution Across Multiple Channels.

Markdowns 246

Markdowns Fulfillment Shipping Marketing Spend 246

Retail TouchPoints

MARCH 8, 2023

The retailer is aiming to eliminate slow-selling items evenly throughout the year rather than making a large push at the end of each season. The decline was primarily driven by clearance markdowns of approximately 750 basis points, according to CFO Jill Timm. in Q4 2022.

Markdowns 256

Markdowns Planning Promotions ATS 256

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 306

Markdowns Operating Expenses Department Stores Planning 306

Inside Retail

MARCH 5, 2025

In a press release, Jean-Marc Bellaiche, Printemps Groupes chief executive officer, stated, “We think we can bring something unique, both to its engaged local consumer base and the strong tourist flows the city welcomes We plan to pioneer a new format of experiential retail in this fast-changing and demanding market.”

Retail Marketing 130

Retail Marketing Department Stores Marketing Markdowns 130

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 284

Merchant Services Markdowns Store Operations Planning 284

Retail TouchPoints

MAY 30, 2023

The company is looking to pivot Journeys to an off-mall strategy, with 13 locations out of a planned 25 already open. Comparable sales at Journeys plummeted 14% , dragging the company’s overall comparable sales down 5% despite positive results from the Schuh and Johnston & Murphy banners. Genesco’s gross margin was 47.3%

Location 240

Location Markdowns Accounting Promotions 240

Inside Retail

MARCH 15, 2022

With customer demands coming in hotter and the stakes higher than ever, assortment planning is the key to profit growth. Here, we help you avoid profit margin mayhem with a considered, data-driven assortment plan. What is assortment planning? Why is assortment planning important? More on this later. Hello, retention!

Planning 130

Planning Markdowns Store Layout Location 130

Retalon

FEBRUARY 5, 2025

In todays fast-moving retail landscape, outdated assortment planning methods lead to lost revenue, frustrated customers, and inefficient operations. Retailers using AI-based assortment planning have seen a 36% SKU reduction while increasing sales by 1-2% ( McKinsey ). Why Is Assortment Planning in Retail So Challenging?

Planning 41

Planning Markdowns Fulfillment Consumer 41

A1 Retail

FEBRUARY 28, 2025

Differs (stand #E40) A predictive AI SaaS solution that optimises discounts for each product, allowing retailers, including Sephora and H&M, to sell more at higher prices, protecting margins and optimising markdowns to generate sell-through. Register for free to attend, here.

Markdowns 65

Markdowns Promotions Grocer Location 65

Inside Retail

APRIL 17, 2023

From essentials – at the supermarket and the petrol pump, in the mortgage and in the power bills – to the not-so-essentials, such as the local café, the fashion boutique, the travel agent and the new car dealer. Retailers ignore this heightened awareness of ‘the value of a dollar’ at their peril.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Retail Adventures

DECEMBER 1, 2024

It’s December, so we know that you have already made a list and checked it twice, but here’s a refresher, just in case… EVENTS ARE ESSENTIAL Customers need a reason to visit your store so plan on having at least one major and two minor in-store events in December. MASTER MARKDOWNS Plan now for your post-holiday markdowns.

Markdowns 52

Markdowns Cross Merchandising Returns Checkout 52

Inside Retail

JULY 6, 2022

Supply chain disruption may have become a singularly hot topic in retail circles these past years, but a focus on improving supply chain planning and forecasting is far more than just a passing trend. These software solutions identify patterns in demand data from a variety of sources and use them to make accurate decisions at the store level.

Planning 130

Planning Supply Chain Management Markdowns Management 130

Retail TouchPoints

FEBRUARY 12, 2021

RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best.

Fulfillment 281

Fulfillment Markdowns Inventory Management Customer Experience 281

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. Begin with what you have and build a plan to fill in the gaps.

Retailing Pricing 246

Retailing Pricing Markdowns Accounting Outdoor 246

Retail TouchPoints

AUGUST 19, 2024

Even worse, these promotions often fail to clear the desired inventory at all. Discounts of 60% or more can be problematic unless they are at the very end of your markdown season, as customers start to perceive them as artificial and question if your prices mean anything at all.

Consumer 301

Consumer Markdowns Promotions Advertising 301

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. Neil Cohen is Chief Marketing Officer at Kasada. Bad Bots are Siphoning Profits.

Merchant Services 301

Merchant Services Payment Services Accounting Checkout 301

Wiser

OCTOBER 12, 2021

Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more. Can You Execute at the Store Level?

Markdowns 147

Markdowns Promotions Consumer Planning 147

Retail TouchPoints

JULY 31, 2023

of retail sales, has multiple causes, including inaccurate demand planning, lack of inventory visibility and inadequate staff training. alone at $100 billion. Inventory distortion, which is equivalent to 7.2% The report cited vendor issues as the primary driver of both out-of-stocks and overstocks in 2023, contributing $417.7

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

Retail Smart Guys

JANUARY 16, 2025

Key Benefits of Inventory Management Boosts Sales and Profitability : Prevents lost sales due to out-of-stock items and reduces markdowns from overstocked goods. 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 Gazette

JULY 16, 2024

However, like-for-likes at its core UK business fell 3.5%, which it attributed to “exceptionally strong comparatives” last year and poor weather in April and May this year. “We continue to offer our customers exceptional value at a time when household incomes are under pressure.

Markdowns 110

Markdowns Planning ATS 110

Inside Retail

JANUARY 31, 2022

“With this next generation of barcodes, there’s a real opportunity to connect with consumers in ways we haven’t before,” explained Richard Jones, chief marketing officer at GS1. At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Planning 41