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Try-On Data Unlocked: Driving In-Store Analytics for a Smarter Retail Experience

Retail TouchPoints

Traffic Hot Spots and Dead Corners: If a back corner sees minimal fitting room requests, a quick refresh – better signage, new product groupings or a complementary seating area – can coax customers to explore. Localized Inventory: When certain products spark high try-on rates in one region, stock up accordingly.

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How Improving Markdowns Will Impact Your Most Important Supply Chain KPIs

Retail TouchPoints

So why should these teams expand their focus to consider markdown planning in addition to their already full slate of targets? Because better markdowns have the potential to significantly improve the traditional KPIs that supply chain teams are evaluated on.

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

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?

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RFID is a key technology in digital transformation

365 Retail

recommended that CIOs take action and improve the management of on-hand inventory, avoid ‘dead’ inventory and reduce waste by leveraging RFID technology and optimizing customer order fulfilment by improving real-time inventory visibility. Break down inventory silos by creating a single view of stock across your entire supply chain.

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Drastic Markdowns. Last minute markdowns that offload stock at a loss. There is constant manual intervention, this may be transferring inventory between stores or ordering new stock.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. Firstly, a BOPIS model simply pushes the optimization burden to the individual stores — as consumers tend to check individual store stock before ordering.

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Sustainable Supply Chains in 2022 (and Beyond)

Retalon

This was possible because: Talented labor in other countries was cheaper than domestic workers Overseas factories began producing high-quality products at lower prices Consumers wanted goods to be equally attainable for all financial classes Increased margins allowed retailers to stock more inventory and carry larger assortments.