Retail TouchPoints

AUGUST 19, 2021

Ecommerce has been growing 10% to 15% every year and that was exacerbated during COVID-19,” said Natalie Kotlyar, National Managing Partner; Industry Groups, Retail & Consumer Products Industry National Leader, at BDO in an interview with Retail TouchPoints. That means communication with the consumer, not markdowns.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Retail TouchPoints

FEBRUARY 2, 2022

Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown). If not, you don’t have to collect every SKU, every day for every competitor location or web page.

Retailing Pricing 246

Retailing Pricing Markdowns Accounting Outdoor 246

Retail TouchPoints

JULY 31, 2023

This has mostly been worked through and demonstrates that retailers are becoming more effective in managing their inventory levels and avoiding excessive stockpiling in 2023.” Supplier-related issues, while still problematic, are headed in the right direction, declining by $174 billion in 2023 compared to 2022.

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Inventory management best practices enable you to run your business most effectively and profitably.

Inventory Management 91

Inventory Management Management Inventory Turnover Drop-Shipping 91

Retail TouchPoints

AUGUST 19, 2024

Just six years after the disastrous Cambridge Analytica scandal, the tech giant has managed to rehabilitate its image by refining its algorithm to avoid relying on sensitive personal information. America’s retail giants should anticipate that other states will follow suit and transition to less invasive, more granular data models.

Consumer 306

Consumer Markdowns Promotions Advertising 306

Retail Focus

FEBRUARY 17, 2022

“Pacsun wanted to proactively manage the costs created by the increase in our online sales,” said Mike Relich, Co-CEO of Pacsun. “By By adding more intelligence to our allocation processes with antuit.ai, we allocated inventory for the omnichannel demand and minimised split shipments.”

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Retail TouchPoints

SEPTEMBER 8, 2023

Today’s promise engines have gotten smarter about transit time, carrier rates, inventory location and other factors. Ecommerce merchant teams invest significant time in analyzing factors such as free shipping thresholds, promotions, pricing and markdowns. The real complexity comes when we are looking at thousands of SKUs.

Merchant Services 258

Merchant Services Shipping Fulfillment Markdowns 258

Retail Smart Guys

OCTOBER 9, 2024

Consultants can address various challenges: They assist with employee management by refining hiring practices, developing staff skills, promoting talent, and managing underperformers effectively. In marketing, they excel at optimizing product placement and store location while ensuring your branding resonates with current trends.

Markdowns 97

Markdowns Promotions Management Location 97

Retail Focus

DECEMBER 8, 2021

By intelligently optimising pricing, markdowns and promotions, based on demand triggers, retailers can make the granular decisions needed at each store location to increase sell-through and protect margins, whilst meeting consumers expectations on prices and discounts.”.

Markdowns 148

Markdowns Promotions Consumer Fashion 148

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

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

NOVEMBER 3, 2020

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

Drop-Shipping 192

Drop-Shipping Merchant Services Fulfillment Shipping 192

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. Most importantly, as a public company, documenting your inventory and management processes fulfills the requirement of concerned government agencies.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

Inside Retail

MARCH 15, 2022

Store grading – retail stores all come in different sizes and locations with varying customer demands: fashionability, location and price for example. This is all managed by the store grading. Reduce markdown activity through planning width (number of options) and depth (units per option) of range. More on this later.

Planning 130

Planning Markdowns Store Layout Location 130

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

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

Retail Smart Guys

OCTOBER 17, 2024

Consultants can address various challenges: They assist with employee management by refining hiring practices, developing staff skills, promoting talent, and managing underperformers effectively. In marketing, they excel at optimizing product placement and store location while ensuring your branding resonates with current trends.

Markdowns 64

Markdowns Promotions Management Location 64

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. The question is how customers will respond when they become aware that prices shown may change from day to day, depending on their location or the volume of other buyers.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 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. Retailers today group stores based on a combination of a limited number of attributes such as volume and location.

Point of Sale 52

Point of Sale Management Markdowns Accounting 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? How do you benefit from it?

Management 52

Management Inventory Management Payment Services Markdowns 52

Retalon

NOVEMBER 20, 2020

Price optimization and price management are terms that often are used interchangeably, but they are not the same thing. When used properly, both price management and price optimization can substantially affect a retailer’s profitability. You cannot optimize prices without managing them, however.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Retail Smart Guys

MARCH 23, 2024

At Retail Smart Guys , our commitment extends beyond traditional inventory management. For our client, and indeed for all our partners, we go beyond the conventional by providing a detailed monthly open-to-buy plan for each class, with a focus on individual locations for multi-store retailers.

Markdowns 52

Markdowns Inventory Management Location Planning 52

Retalon

FEBRUARY 10, 2022

Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. Indicators you’re managing bad inventory. Drastic Markdowns. Last minute markdowns that offload stock at a loss. A high cost of overstock management. Siloed inventory management.

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

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

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

JANUARY 5, 2021

Simply put, inventory balancing is the process of moving excess inventory from one retail location to a retail location where that inventory is in demand. Today’s big retailers operate multiple store formats, from big-box flagship stores to minimal-assortment express locations. What is inventory balancing?

Location 41

Location Inventory Management Markdowns Fulfillment 41

I Vend

OCTOBER 26, 2024

Flawless inventory management is therefore one of the most effective things you can do in order to reduce costs and maintain smooth operations. iVend’s Retail Management Solution iVend helps retailers around the world manage their inventory efficiently. Either way, the result is a negative impact on your profits.

Inventory Management 52

Inventory Management Point of Sale Management Markdowns 52

365 Retail

FEBRUARY 17, 2022

“Pacsun wanted to proactively manage the costs created by the increase in our online sales,” said Mike Relich, Co-CEO of Pacsun. “By By adding more intelligence to our allocation processes with antuit.ai, we allocated inventory for the omnichannel demand and minimised split shipments.”

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Retailers often forget that seasonality does not apply to every SKU at every location in the exact same way. .

Markdowns 41

Markdowns Promotions Accounting Planning 41

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. Subsequently, we furnish a meticulously detailed monthly open-to-buy plan for each category, with a specific focus on individual locations for multi-store retailers.

Markdowns 52

Markdowns Inventory Management Planning Location 52

Retail Assist

NOVEMBER 19, 2024

Allocation in retail refers to the process of distributing stock from suppliers, through warehouses, to various retail locations. These systems use data-driven insights, such as shopper behaviour and sales trends, to allocate stock more effectively across locations. What is Allocation in Retail?

Markdowns 52

Markdowns Location Inventory Management Outdoor 52

Retalon

JUNE 10, 2020

Pricing right is the fastest and most effective way for managers to increase profits.” ( McKinsey & Company ). may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success. What does this mean for price planning?

Planning 41

Planning Markdowns Promotions Accounting 41

Retail Smart Guys

SEPTEMBER 2, 2022

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Proper inventory levels in all classes, at all locations, are ensured. Ace the list now!

Planning 40

Planning Markdowns Inventory Management Location 40

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. Staying ahead means more than just knowing your market and customers inside out.

Inventory Management 52

Inventory Management Supply Chain Management Markdowns Customer Experience 52

Retail Assist

APRIL 14, 2021

Retailers must be able to move stock quickly between different locations, such as stores, concessions and franchises, and partners, whilst also maintaining healthy warehouse stock for eCommerce orders. With a greater sell through of full priced stock and a reduced rate of markdown, margins are protected and profits soar.

Markdowns 52

Markdowns Fulfillment Promotions Shipping 52

Indigo 9 Digital

SEPTEMBER 7, 2022

Commissions typically range from 25%-33% depending on whether in addition to providing eCommerce functionality Farfetch manages shipping, returns or other services. With more pricing control brands can offer more merchandise at full price, avoiding markdowns which are thought to negatively impact a luxury brand’s image.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

Retalon

JANUARY 17, 2022

This is one of the main reasons why leading retailers are bolstering their retail pricing strategy by investing in UPPMO (Unified Price, Promotion, and Markdown) solutions. So, it came as no surprise when Gartner reported an increasing number of retailers are looking to invest in price management analytics solutions. Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41