Retail TouchPoints

DECEMBER 6, 2024

in the quarter compared to 29% in Q3 2023, a decrease that was attributed to increases in markdowns and inventory damages. The net sales increase was driven by positive sales contributions from new stores and growth in same-store sales, with same-store sales increasing 1.3% over the same quarter in 2023.

Planning 285

Planning Customer Experience Markdowns Kiosk 285

Inside Retail

SEPTEMBER 3, 2024

Shopper engagement Chatbots and in-store kiosks: These provide instant assistance to your shoppers seeking information, especially when it comes to those common, easy-to-answer questions. AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retalon

JUNE 10, 2020

Therefore, it’s vital to create your own pricing rules and thresholds (discounts limited to certain product classes, maximum clearance markdowns, etc.) And that’s where markdowns become vital. Only a handful of retailers can effectively avoid markdowns. Forecast Your Product Demand , Not Product Sales.

Planning 41

Planning Markdowns Promotions Accounting 41

Retalon

APRIL 14, 2021

The assortments at urban flagships, suburban outlets, and airport kiosks will reflect the company’s brand but the breadth and depth of the assortments will be different. Even when best-laid plans fail, advanced analytics software can adjust everything including inventory levels, sales, markdowns, rebalancing a large assortment and so on.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

AUGUST 20, 2019

This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. The key is to maintain consistency with low costs, and higher profit margins. Creating a Consistent and Unified Customer Experience. – Inventory management.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. The key is to maintain consistency with low costs, and higher profit margins. Creating a Consistent and Unified Customer Experience. – Inventory management.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

JULY 4, 2018

Opening new stores can be expensive and risky, which is why many retailers have began connecting with their customers through Facebook, mobile apps, e-commerce stores, and pop-up/kiosk locations. Here’s more detail on how Retalon’s Inter-store inventory & assortment balancing process works.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32