Retail TouchPoints

AUGUST 13, 2024

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Retailers can automate markdowns to minimize revenue loss and increase profitability, which can be especially important for seasonal retailers.

Markdowns 311

Markdowns Loss Prevention Customer Experience Inventory Management 311

Retail TouchPoints

MARCH 17, 2025

One of the most promising is a challenge that has bedeviled merchandisers, marketers and inventory managers for decades, if not centuries demand forecasting. Retailers are well aware that having too much inventory in the wrong store, or not enough in the right one, affects not just sell-through but labor costs and store operations.

Markdowns 216

Markdowns Inventory Management Marketing Consumer 216

Inside Retail

JULY 22, 2021

Having a centralised fulfilment centre for stores replaces our historical push model, and will result in improved inventory management, reduced markdowns and maximised sell-through whilst also producing significant efficiencies in our online fulfilment operations.”.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs?

Markdowns 278

Markdowns Retailing Pricing Promotions Fulfillment 278

Inside Retail

APRIL 9, 2022

Your markdown SKUs are live, but how are they tracking? Now is the time to check how your markdown performance is tracking against your retail markdown strategy keeping inventory management top of mind. Full price vs markdown mix. Review performance of current markdown clearance stock. Markdown cover.

Markdowns 130

Markdowns ATS Inventory Management Promotions 130

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

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

I Vend

OCTOBER 26, 2024

Inventory is a big part of your retail business investment – up to 80% of the total in some cases. Flawless inventory management is therefore one of the most effective things you can do in order to reduce costs and maintain smooth operations. Learn about our integrated POS, inventory management and smart replenishment.

Inventory Management 52

Inventory Management Point of Sale Management Markdowns 52

Retail Smart Guys

FEBRUARY 3, 2025

With an open-to-buy (OTB) plan , retailers gain the clarity and control needed to optimize inventory management effectively. An open-to-buy plan is essentially a purchasing budget designed for inventory management. Boosts Profitability : Ensures your inventory investment directly contributes to sales and profit growth.

Inventory Management 52

Inventory Management Management Markdowns Planning 52

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Doesn’t that sound amazing?!

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

Retail Minded

AUGUST 1, 2024

In the age of e-commerce, it is important to ensure that every store owner has the ability to efficiently manage inventory. Regardless, the importance of inventory management remains the same. We will examine some of the latest technologies, such as barcoding, RFID, and inventory management software.

Inventory Management 59

Inventory Management Management Markdowns Promotions 59

Retail Smart Guys

DECEMBER 11, 2022

Facts about Inventory Management. The retail industry is constantly changing, and inventory management gives a better understanding of this inconsistent landscape. Additionally, it helps in having a proper cash flow in your business since you are spending money on an inventory that sells and is not stagnant.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

Retail TouchPoints

NOVEMBER 8, 2022

Optimizing inventory based on trends and historical data means the customer will get the exact item they are looking for. Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. Retailers can also create a return policy that avoids waste.

Returns 306

Returns Markdowns Inventory Management Customer Experience 306

Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. We all know that omnichannel is a challenge to manage against the product and customer objectives of your brand or business. This means you can get the most out of each product you are selling.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

M19 Retail

OCTOBER 11, 2024

Why Your Supply Chain Management System Depends on the Right Retail Inventory Management Software In today’s complex retail environment, managing a supply chain management system is no small feat. The Pareto Principl e , or the 80/20 rule, often applies here: 80% of sales come from 20% of SKUs.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Markdowns 52

Retail TouchPoints

FEBRUARY 12, 2021

The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best. Retail companies must collaborate with their partners to gain a full understanding of what will be available in their inventories to sell over the next four to six months.? RFID and Beyond.

Fulfillment 286

Fulfillment Markdowns Inventory Management Customer Experience 286

Inside Retail

JANUARY 31, 2022

There are also other supply chain benefits for businesses including improved inventory management, recall readiness, sustainability, ethical sourcing and product authentication. Ultimately, suppliers will likely drive this evolution as they increasingly label their products with 2D barcodes.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton. They also need clarity around what they need to do.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Wiser

MAY 20, 2020

It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns. What is Everyday Low Pricing? In late 2012, J.C.

Markdowns 148

Markdowns Promotions Inventory Management Consumer 148

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA).

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Retalon

JUNE 29, 2013

In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. Most retailers begin by creating a plan based on the big picture of their business process, and then they purchase the inventory, and allocate it to stores from the DC. Originally Published on PA Times.

Inventory Management 32

Inventory Management Management Markdowns Fulfillment 32

365 Retail

AUGUST 14, 2024

As a shop owner, one of the most critical aspects of your business is managing your stock effectively. Stock management can be the difference between a thriving business and one that struggles to meet customer demands. An inventory management system helps you keep track of stock levels, sales, and orders in real time.

Management 52

Management Inventory Management Shopping Markdowns 52

I Vend

SEPTEMBER 20, 2022

By now, you know you need something more for your inventory management—pen and paper just aren’t going to cut it—but you still have questions about cloud-based inventory management software. Earlier this year, 56% of retail business owners said their inventory management was not accurate. What is it?

Management 52

Management Inventory Management Payment Services Markdowns 52

Inside Retail

JUNE 20, 2023

By adjusting prices in real time based on this analysis, retailers can increase revenue, reduce markdowns, and remain competitive in a constantly changing market. It can also provide dynamic routing with adaptations to disruptions and delays and general risk management. GenAI is also transforming inventory management.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retail Smart Guys

JANUARY 6, 2025

Smarter Inventory Management More products dont always mean more profits. The Challenge : Excess inventory eats into profits through markdowns, while understocking risks disappointing customers. This plan ensures reduced markdowns, faster stock turns, and higher profitabilityputting you ahead in 2025.

Markdowns 75

Markdowns Inventory Management Planning Management 75

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

Inside Retail

AUGUST 24, 2023

Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. The Gap brand has long been the problem child of the group, and its relevance in the market is one of the biggest issues new management will need to tackle if they want to turn around the fortunes of the company.”

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

M19 Retail

APRIL 14, 2021

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. This complexity requires more planning effort than only large data analysis and algorithms using artificial intelligence can help manage.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

Retail Assist

JUNE 22, 2023

Successfully managing a retail supply chain can be a daunting task, but with the right tools and software, it becomes a seamless process. It addresses the pain points of inventory management, logistics, and data overload by providing unparalleled visibility across your entire supply chain. The result?

Payment Services 52

Payment Services Markdowns Inventory Management Supply Chain Management 52

Retalon

FEBRUARY 5, 2025

These improvements are driven by, Better Stock Distribution Reduce overstock and optimize inventory placement. learn more… Fewer Markdowns Minimize profit loss from excess inventory. Learn more… Rebalancing Inventory Identify and relocate slow-moving items to high-demand locations for increased sales.

Planning 41

Planning Markdowns Marketing Consumer 41

Retail Smart Guys

MARCH 23, 2024

At Retail Smart Guys , our commitment extends beyond traditional inventory management. We collaborated with a valued client to not just analyze their inventory but to strategically reclassify it in alignment with their unique property acquisition goals.

Markdowns 52

Markdowns Inventory Management Location Planning 52

Retail Assist

NOVEMBER 5, 2024

In retail, a well-managed stock replenishment process is critical for maintaining customer satisfaction, optimising sales and reducing stockouts. Effective inventory replenishment helps retailers maintain ideal stock levels across locations, ensuring popular items are always available. What is Stock Replenishment?

Markdowns 52

Markdowns Inventory Management Location Management 52

RETAIL MANAGEMENT SOFTWARE

OCTOBER 8, 2024

As the holiday season approaches, retailers face the dual challenge of managing increased consumer demand while navigating potential disruptions in their supply chains. Retailers must be prepared for spikes in sales, which can strain supply chains and lead to stockouts if not managed properly.

Supply Chain Management 52

Supply Chain Management Inventory Management Fulfillment Management 52

Wiser

JULY 19, 2017

On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management. Optimizing timing and type of markdowns or promotions is important to get inventory moving without killing profits.

Marketing 84

Marketing Promotions Markdowns Advertising 84

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. Enter smart inventory management systems. Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. Read on for more insight!

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retail Assist

SEPTEMBER 3, 2024

It calls for a seamless integration of all business processes, from inventory management to customer experience. For retailers, this means combining all aspects of the supply chain such as inventory and warehouse management into one cohesive platform. Is an ERP System Right for Your Retail Business?

Inventory Management 52

Inventory Management Supply Chain Management Markdowns Customer Experience 52

Retail Smart Guys

DECEMBER 11, 2023

Our experts provide a tailored and structured approach to inventory management, allowing you to focus on what you do best – delighting your customers. This strategic approach aids in increasing turn while minimizing markdowns and elevating overall profitability.

Markdowns 52

Markdowns Inventory Management Planning Location 52