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

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

Walking the margin With consumer sentiment falling to new lows in 2024, the challenge on top of mind for many retail CFOs was preserving margin amidst conflicting business needs. That wasnt helped by shrink in-store, particularly consumables, reaching an all-time high.

Promotions 130

Promotions Finance Markdowns Drop-Shipping 130

Retail TouchPoints

OCTOBER 3, 2023

When it came to inventory planning and optimization, stores were planned, allocated and/or replenished, and transacted with their customers entirely separately from the digital channel. This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today.

Fulfillment 286

Fulfillment Drop-Shipping Shipping Markdowns 286

Retail TouchPoints

AUGUST 19, 2021

Back-to-school surveys across the retail sector point to a strong season, spurred by pent-up consumer demand. Jeff Orschell, EY’s Americas Consumer Retail Leaders, noted that global data as well as the firm’s consumer research point to demand remaining elevated, despite the uncertainties.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Retail TouchPoints

SEPTEMBER 1, 2023

Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. In addition, the retailer is revising its planned same-store sales growth of 1.0% Dollar General reported a net sales increase of 3.9% billion, largely driven by positive sales contributions from new stores.

Markdowns 264

Markdowns Apparel Planning Consumer 264

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. This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. Genesco’s gross margin was 47.3% in Q1 2023.

Location 243

Location Markdowns Accounting Promotions 243

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

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 Marketing Fulfillment 41

Retail TouchPoints

FEBRUARY 15, 2023

So it could be markdown optimization or customer analytics or supply chain or assortment and merchandising — there are a lot of use cases that retailers tend to need. Retailers can then run “what if” simulations, calibrate demand forecasting, improve inventory planning, formulate strategies for supply chain segmentation and more.

Merchant Services 290

Merchant Services Markdowns Store Operations Planning 290

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. 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.

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Inside Retail

APRIL 17, 2023

All that combines to shift the mindset of consumers to what we call ‘mindful consumption’. You’ll probably have to adjust margins to implement this model effectively, and it’s likely that the ‘better’ offer will end up being the largest seller, so plan your orders accordingly. And you’ll need a pre-planned mechanism to achieve that.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Wiser

NOVEMBER 29, 2023

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. Consumer promotions, on the other hand, primarily target the end-user of a product or service—the customers. What is Consumer Promotion?

Promotions 146

Promotions Consumer Wholesale Advertising 146

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 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. Additionally, it boosts sales margins and expedites returns and exchanges, making it a valuable tool for profitably improving the consumer experience.

Fulfillment 286

Fulfillment Markdowns Inventory Management Customer Experience 286

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. The post AI-driven solutions take supply chain planning to the next level appeared first on Inside Retail.

Planning 130

Planning Supply Chain Management Markdowns Management 130

Retail TouchPoints

JANUARY 3, 2023

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. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Inflation and the Incredible Shrinking Margin.

Merchant Services 306

Merchant Services Payment Services Accounting Checkout 306

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.

Markdowns 147

Markdowns Promotions Consumer Planning 147

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. of retail sales, has multiple causes, including inaccurate demand planning, lack of inventory visibility and inadequate staff training.

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

Retail Dive

AUGUST 17, 2022

The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?

Markdowns 105

Markdowns Planning Consumer 105

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.

Markdowns 41

Markdowns Finance Promotions Planning 41

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

Inside Retail

JANUARY 31, 2022

In recent years, consumer awareness around sustainability has continued to grow, as shoppers are now demanding to know the origin of the products that they purchase. 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.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Inside Retail

AUGUST 26, 2024

The company plans to lay off approximately 4000 employees, which represents 10 per cent of Sephora China’s total workforce. Once Chinese consumers discover a brand, they have strong incentives to shop on platforms like Tmall, which frequently offer coupons and a more convenient shopping experience,” he explained.

Markdowns 147

Markdowns Promotions Marketing Consumer 147

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

Wiser

MARCH 14, 2025

Misreading consumer demand could mean investing in the wrong products, missing a key trend, or failing to pull underperforming SKUs before they drain profitability. Their days are a flood of supplier negotiations, promotional planning, and cross-functional meetingsall demanding swift, strategic decision-making.

Management 78

Management Inventory Turnover Promotions Markdowns 78

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. Hirata sat down with Inside Retail to discuss the brand’s growth strategy and its upcoming plans for building a physical in-store presence. What’s next for Halara?

Markdowns 130

Markdowns Wholesale Planning Consumer 130

365 Retail

SEPTEMBER 16, 2021

And of course rising inflation doesn’t just impact the end consumers. The result can be costly post-season markdown events that leave retailers stuck with short-life seasonal items that necessitate steep marks or even complete write-offs. The holiday season has never been more challenging or difficult to predict.

Markdowns 98

Markdowns Promotions Accounting Planning 98

Retail Smart Guys

JANUARY 6, 2025

The Challenge : Excess inventory eats into profits through markdowns, while understocking risks disappointing customers. The Solution : Retail Smart Guys can help you maintain optimal inventory levels by providing a detailed monthly plan for the next 12 months.

Markdowns 75

Markdowns Inventory Management Planning Management 75

Wiser

AUGUST 25, 2020

Make sure everyone knows the plan—and is able to execute that plan—to ensure that you’ve got merchandiser support when you need it. 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

AUGUST 25, 2022

The governments initially stimulated the economy, so there was a huge uplift in consumer spending, but once that was spent, there was the reality of living on what one earned and being employed was key. Approach: As a retailer, we considered our strategy carefully and studied what was important to our consumer. Cash is king.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Independent Retailer

DECEMBER 23, 2022

consumers have been pulling back on clothing and durable goods as soaring inflation raises the cost of food and basic items. This is complicating retailer’s ability to shift with consumer behaviors,” Dr. Madhav Durbha, VP supply chain strategy at Coupa , said. Offer Promotions & Product Markdowns. back to top.

Inventory Management 98

Inventory Management Wholesale Management Markdowns 98

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Wiser

APRIL 13, 2021

Value-based pricing is defined as using consumer and market research to set a price that aligns with shoppers’ perceived value of a product. Turn to Markdowns and Promotions. Furthermore, your website pricing approach should include markdowns and promotions. Plan for promotions to run at these times.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

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

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

Retalon

FEBRUARY 10, 2025

A robust merchandise planning solution powered by AI-driven analytics is now a necessity for retailers looking to optimize inventory, forecast demand accurately, and enhance profitability. The traditional planning solution often resulted in inefficiencies, data silos, and costly errors.

Planning 41

Planning Inventory Turnover Markdowns Location 41