Remove Jewelry Remove Markdowns Remove Marketing
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Mejuri Leverages Real-Time Profitability Data to Inform Decision-Making

Retail TouchPoints

Like many brands dealing with COVID-19, DTC jewelry brand Mejuri was forced to focus intently on its online operations this year. “With COVID and recent market dynamics, tracking variable costs in real time becomes even more important.

Markdowns 251
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15 Things to Do RIGHT NOW to Get Your Store Ready for Holiday 2020

Retail Adventures

This includes scent marketing, the music you play on the sales floor, demos, even what your associates wear. Think of your cashwrap as another important display area and tastefully load it up with candles, accessories, jewelry – anything that will appeal to an impulse shopper. Increase your advertising and marketing efforts.

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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

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Realizing the Potential Business-Specific Analytics in Fashion Retail (2021)

Retalon

Jewelry retailers need to determine the right assortment mix that offers a good selection while having the right depth of inventory for each SKU. Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns.

Fashion 41
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Shane Co. Increases Sales by 20% While Significantly Reducing Inventory

Retalon

the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. We have thousands of jewelry products and loose gemstones that all have a unique SKU number,” said Tom Shane, the Chairman of Shane Co. .”

Jewelry 32
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Shane Co. Increases Sales by 20% While Significantly Reducing Inventory

Retalon

the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. We have thousands of jewelry products and loose gemstones that all have a unique SKU number,” said Tom Shane, the Chairman of Shane Co. .”

Jewelry 32
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50 MORE Ideas to Spin the Doors on Your Stores!

Retail Adventures

Choose impulse items like candles, costume jewelry, and body lotions. Don’t wait too long to take a markdown. Marketing 35. Choose a professional email marketing company to create your campaigns. The Litmus survey from 2019 found email marketing delivered a 4,200 percent return on investment or $42 for every $1.00

Returns 83