Inside Retail

JULY 18, 2024

Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. Good planning tools arrive at consensus forecasts from every area of the business.

Planning 147

Planning Inventory Turnover Consumer Location 147

Storis

MAY 23, 2024

In the context of furniture retail, where capital investments in inventory can be substantial, proactive cash flow management is crucial for maintaining financial stability and seizing growth opportunities. Inventory turnover, or inventory turns, is defined as the inventory turnover ratio.

Inventory Turnover 52

Inventory Turnover Payment Services Dead-Stock Inventory Management 52

CJ Retail Solutions

AUGUST 26, 2024

One of the most important metrics for assessing the success of retail marketing campaigns is the Key Performance Indicator (KPI). Retailers are able to make data-driven decisions for business growth with the help of these indicators, which offer quantifiable data on various aspects of marketing strategies.

Marketing 52

Marketing Visual Merchandising Inventory Turnover Store Layout 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 17, 2024

Enhanced Team Communication and Collaboration Effective communication is crucial for retail success, especially during the holiday season when staff are dealing with increased customer traffic and inventory turnover. These tools allow retailers to: Share updates on inventory levels, promotions, and store changes quickly.

Inventory Management 92

Inventory Management Inventory Turnover Management Customer Experience 92

I Vend

SEPTEMBER 10, 2023

For example it enables effective marketing – using the POS for customer data tracking and to gather insights that inform and feed into creating promotions that will drive revenue and profit. This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit.

Point of Sale 111

Point of Sale Inventory Turnover Management Inventory Management 111

DMS Retail

JANUARY 29, 2024

To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management. By optimizing stock levels and reducing overstock and stockouts, retailers can enhance inventory turnover and reduce carrying costs. This adaptability ensures retailers stay ahead of the curve.

Management 40

Management Inventory Turnover Promotions Inventory Management 40

CJ Retail Solutions

FEBRUARY 14, 2024

Seasonal and Promotional Campaigns: From holiday promotions to seasonal sales events, we can help you capitalise on every opportunity to drive traffic and boost sales. That’s why we leverage advanced analytics and market research to inform our merchandising decisions.

Store Layout 52

Store Layout Inventory Turnover Boutique Promotions 52

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Inventory Turnover Ratio.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

V Count

JULY 24, 2024

Higher Sales Efficient queue management plays a crucial role in boosting sales by promoting impulse purchases and reducing cart abandonment. By analyzing customer traffic patterns, businesses can better plan their inventory levels, ensuring they have sufficient stock to meet demand while minimizing excess inventory.

Management 98

Management Supermarket Checkout Inventory Management 98

CJ Retail Solutions

AUGUST 8, 2024

Product merchandising is a critical component of retail operations, focusing on the strategic presentation and promotion of goods to stimulate customer interest and drive sales. Beyond its impact on sales, product merchandising plays a crucial role in inventory management.

Cross Merchandising 52

Cross Merchandising Promotions Inventory Turnover Bundled Pricing 52

Shopper Motion

DECEMBER 16, 2020

They also contribute to the profitability of the company by fostering sales via marketing and in-store promotions and they manage everything related to product inventory, either they order new items or try to improve the speed of inventory turnover. Local Promotions. Shopping missions.

Management 52

Management Promotions Inventory Turnover Shopping 52

V Count

JUNE 26, 2024

This could involve expanding the range of products on offer, implementing engaging marketing displays, or even simply ensuring that high-demand products are always in stock. The objective is to maximize the visibility and appeal of high-margin or promotional items by placing them in high-traffic areas within the store.

Store Layout 52

Store Layout Payment Services Inventory Turnover Promotions 52

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Increased inventory turnover. Matching demand and supply boost turnover. Increase revenue, profits, and market share.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

V Count

JANUARY 11, 2023

Your arsenal is now more prosperous than ever (in terms of providing a better guest experience and maximizing your revenue); however, this also means the market is more competitive. You can use this information to accelerate inventory turnover, stock and arrange shelves, and provide fresh food and drinks at peak hours.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

Retalon

AUGUST 14, 2023

Improving Inventory Turnover Excess stocks tying up cash flow are the bane of any retail business. Inventory management software provides perpetual cycle counting and analysis of turnover rates by SKU. This ensures you have just enough stock to meet sales requirements without excess inventory. The bottom line?

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41