Retail TouchPoints

AUGUST 19, 2024

This can be done through the effective use of granular data, which will in turn help retailers maintain customer loyalty and keep their revenues steadier, regardless of fluctuations in national consumer spending rates. With stubborn inflation squeezing the American consumer, times are certainly tough for the consumer.

Consumer 306

Consumer Markdowns Promotions Advertising 306

Inside Retail

MARCH 5, 2025

A year after the French luxury department store originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Unlike its other locations, the Printemps New York store will not have shop-in-shops.

Retail Marketing 130

Retail Marketing Department Stores Marketing Markdowns 130

Retail TouchPoints

MARCH 3, 2023

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. We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales. during Q4, but they were up 0.6%

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Inside Retail

OCTOBER 25, 2022

Another is markdowns. With consumer preferences changing rapidly, it’s harder than ever to accurately forecast demand. Adjust your sourcing strategies to help reduce markdowns. By fulfilling online orders from strategic locations, you can help keep margins higher. This strategy works for seasonal markdowns, too.

Markdowns 130

Markdowns Fulfillment Shipping Location 130

Retail TouchPoints

APRIL 6, 2022

Skyrocketing ecommerce adoption means that consumers today browse an endless number of websites. Shoppers should be able to quickly locate pertinent product information. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.”

Checkout 299

Checkout Markdowns Apparel Promotions 299

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Retail TouchPoints

JULY 31, 2023

Inventory distortion, whether it’s out-of-stocks or overstocks, are a huge and costly challenge for retailers and suppliers, and too often a source of great inconvenience to consumers. Theft has contributed $379 billion this year: nearly $203 billion by consumers and approximately $175 billion by employees.

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

Retail TouchPoints

SEPTEMBER 8, 2023

According to a recent survey , 38% of retailers are worried about meeting consumers’ fast delivery expectations. And the retailer’s ability to serve up an “In Stock” button and the speed of delivery promise when consumers browse online has been shown to drive both online and in-store purchases.

Merchant Services 258

Merchant Services Shipping Fulfillment Markdowns 258

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. Richard Maicki. Keith Jelinek.

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

Retail Focus

DECEMBER 8, 2021

With increasing numbers of retailers passing on rising production costs – prompted by supply chain tension and labour market shortages – to the consumer, the CBI warns shoppers face the biggest price rises in 30 years this Christmas. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail TouchPoints

MAY 28, 2020

The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. Dollar General saw its net sales rise 27.6% billion in Q1 2020, while same-store sales jumped 21.7% during the same period. of net sales, compared to 22.5% in Q1 2019.

Markdowns 162

Markdowns Discount Store Finance Apparel 162

Retalon

MARCH 21, 2025

Inventory levels: Forecasting stock requirements across locations to avoid stockouts or excess inventory. Promotional calendars: Planning key campaigns, promotions, and markdown events throughout the year to drive sales and clear seasonal inventory. The right markdown plan can make a huge difference on a retailers bottom line.

Markdowns 41

Markdowns Finance Promotions Planning 41

Retail Adventures

SEPTEMBER 28, 2020

Some apps have GPS and will send you an offer if you are near one of their locations or shopping at a competitors’ store. Many consignment stores list upcoming markdowns right on the price tags – each tag shows the starting price and the dates that markdowns will occur. Store Cash: Kohl’s Cash is like getting paid to shop.

Shopping 90

Shopping Markdowns Consumer Promotions 90

Inside Retail

MAY 30, 2024

Having launched as a strictly direct-to-consumer brand, Halara is switching things up and will be hosting its first-ever pop-up shop at 470 Broadway in New York City. As Hirata remarked, “Often you can’t, that’s why brands do markdowns like discounts or sample sales, or even why inventory sometimes goes straight to the landfill.”

Markdowns 130

Markdowns Wholesale Planning Consumer 130

Retalon

FEBRUARY 5, 2025

While this has always been true, today, assortment planning is complicated further by three key influences: rapid shifts in consumer behavior, heightened competition from e-commerce giants, and ongoing supply chain disruptions. learn more… Fewer Markdowns Minimize profit loss from excess inventory. billion in 2024 to $4.92

Planning 41

Planning Markdowns Marketing Consumer 41

Wiser

AUGUST 25, 2020

You want your merchandisers on board with your strategy and ready to enter your locations to set up any displays as shoppers come back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. COVID-19 has changed consumer demand.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Inside Retail

JUNE 20, 2023

Instead of personalising creative and messaging for a segment of consumers, it can be precisely targeted to a single customer based on logic and observed behaviours and needs. GenAI can adapt pricing strategies and offers to customers by analysing market data, competitive pricing and consumer behaviour.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retail Minded

FEBRUARY 24, 2022

1 : CONSUMERS DEMAND SPEED, FLEXIBILITY AND CONTROL. The pandemic undoubtedly changed consumer behaviour. From when and where to what locations matter to them. 2 : CONSUMER EXPECTATIONS ARE STRONGER THAN EVER. empowering consumers to make ‘greener’ buying decisions; creating?smarter The below 5 considerations. #1

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111

Wiser

JULY 14, 2020

A pricing strategy is a model that determines the best way to align the prices of a company’s products or services with its business goals, product attributes, and consumer demands. Externally, there are forces in your market that you have to take into consideration when determining pricing, such as: Consumer demand.

Bundled Pricing 128

Bundled Pricing Markdowns Consumer Marketing 128

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. Optimizing your inventory balancing process is key to increasing ROI.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Wiser

OCTOBER 13, 2020

Marketing to retail partners, wholesalers, and distributors is just as much part of the puzzle for brands as marketing directly to consumers. Here are some of the most common types of trade promotions: Discounts and markdowns. Trade promotions can lead to better deals for consumers. Field marketing opportunities.

Promotions 78

Promotions Visual Merchandising Markdowns Wholesale 78

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retail Assist

NOVEMBER 5, 2024

Effective inventory replenishment helps retailers maintain ideal stock levels across locations, ensuring popular items are always available. Effective stock replenishment involves evaluating stock levels, identifying gaps and promptly moving products from storage locations, such as warehouses, to retail stores or distribution points.

Markdowns 52

Markdowns Inventory Management Location Management 52

Retalon

SEPTEMBER 1, 2023

The average holiday shopping duration among consumers in the US has gone from an average of 7.1 Optimize pricing for varied income brackets Retailers who provide products with a range of prices, low to high, tend to do well because they attract the broadest range of consumers from all income brackets. weeks in 2018 to an anticipated 5.8

Markdowns 41

Markdowns Net Profit Consumer Location 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. Invest in Inventory Management Software : Stop using Excel and spreadsheets to manage your inventory that are time-consuming and don’t always reflect accurate inventory levels.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Some of these factors include: Pricing Consumer preferences Competitors Events Promotions Vendors Logistics etc.

Markdowns 41

Markdowns Promotions Accounting Planning 41

M19 Retail

OCTOBER 11, 2024

A robust inventory management software keeps track of these details, ensuring that inventory data is up to date and that stock levels are optimized across various locations. Conversely, the RMS can identify trends in returns or markdowns, enabling retailers to adjust future orders to avoid overstocking less popular products.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Markdowns 52

Retalon

JUNE 10, 2020

Get Granular With Unique Product / Locations What does this mean for price planning? Therefore, it’s vital to create your own pricing rules and thresholds (discounts limited to certain product classes, maximum clearance markdowns, etc.) Demand is the total consumer desire to purchase a specific product. What does this mean?

Planning 41

Planning Markdowns Promotions Accounting 41

Retalon

FEBRUARY 21, 2025

In order to handle the increased cost of production, costs will be passed off to the consumer. Higher Prices for Consumers. Passing on tariff costs to consumers can lead to decreased demand as customers become price-sensitive and may choose to buy fewer goods or switch to cheaper alternatives. Not all locations are made equal.

Markdowns 41

Markdowns Planning Inventory Management Drop-Shipping 41

Retail Adventures

OCTOBER 22, 2020

Even though Amazon kicked off Holiday 2020 in mid-October and Walmart and Target followed suit, Black Friday is still important to consumers. Place carts and baskets in key locations throughout the sales floor, not just near the door. Spinner racks located near the cash wrap work, too. Be prepared for markdowns and returns.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

M19 Retail

APRIL 14, 2021

With the development of e-commerce, consumers can buy anything, anywhere, anytime. The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. To do this, the store segmentation needs to be finer.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. But they need to be the right stores, in the right location, with the right services," said Rowe. 57% of Amazon’s unit sales in come from third party sellers on its platform. "We Do you like this content?

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retalon

JANUARY 17, 2022

This is one of the main reasons why leading retailers are bolstering their retail pricing strategy by investing in UPPMO (Unified Price, Promotion, and Markdown) solutions. Top retailers achieve smooth cross-channel operations with the use of Unified Pricing, Promotion, and Markdown Optimizations solutions. Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Digital transformation has changed the way consumers shop and how retailers operate.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

FEBRUARY 10, 2025

This process is not only time-consuming but also increases the risk of outdated information influencing critical decisions. As a business grows and introduces more products, locations, and channels, the complexity of managing merchandise planning increases exponentially. Moreover, spreadsheets lack the ability to scale effectively.

Planning 41

Planning Inventory Turnover Markdowns Location 41

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. This is how consumer demand will react to a change in price.

Management 41

Management Markdowns Accounting Retailing Pricing 41