Remove Finance Remove Markdowns Remove Planning
article thumbnail

How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Yet we still saw an appetite amongst retailers for investing in technology such as artificial intelligence (AI) to drive efficiencies across operations, finance and compliance obligations. We sat down with leading retail finance experts from The Reject Shop, Forever New, Taking Shape and Vinomofo to find out.

article thumbnail

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AOP Meaning in Modern Retail

Retalon

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.

article thumbnail

Understanding the Modern Category Manager: Overcoming Daily Challenges with Smarter Solutions

Wiser

Their days are a flood of supplier negotiations, promotional planning, and cross-functional meetingsall demanding swift, strategic decision-making. Suppliers negotiate for better placement, promotions, and pricing agreements, while finance teams push for stronger profitability across SKUs.

article thumbnail

A Quick and Easy Guide to Multiple Store Planning

Retail Smart Guys

Going over your inventory, finances, open-to-buy planning, etc., So, with a by-store location plan, retail owners can comprehensively view each store based on their sales trends, profit margins, and such. Aside from that, you can evaluate over-performing and under-performing stores, which can help balance your finances well.

article thumbnail

A Quick and Easy Guide to Multiple Store Planning

Retail Smart Guys

Going over your inventory, finances, open-to-buy planning, etc., So, with a by-store location plan, retail owners can comprehensively view each store based on their sales trends, turns, differing customer bases, and more. Apart from that, we offer a detailed monthly open-to-buy plan for each class by location.

article thumbnail

7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

Price planning is one of the most difficult (and often misunderstood) elements of retailing strategies. But emulating successful retailers in price planning isn’t enough. Standard price planning strategies (competition pricing, cost-plus, high-low, EDLP, etc.) What does this mean for price planning?