Retail TouchPoints

MARCH 3, 2023

Macy’s Sees its Future in Luxury and Off-Mall Locations Macy’s has been diligently modernizing its operations for the past several years, and its performance in the coming months will be a sign of whether its efforts are paying off. “In during Q4, but they were up 0.6% at its flagship banner and up 5.8%

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Markdowns Operating Expenses Department Stores Planning 311

Inside Retail

MARCH 5, 2025

A year after the French luxury department store originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. Unlike its other locations, the Printemps New York store will not have shop-in-shops.

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Retail Marketing Department Stores Marketing Markdowns 130

Inside Retail

MARCH 15, 2022

With customer demands coming in hotter and the stakes higher than ever, assortment planning is the key to profit growth. Here, we help you avoid profit margin mayhem with a considered, data-driven assortment plan. What is assortment planning? Why is assortment planning important? This is all managed by the store grading.

Planning 130

Planning Markdowns Store Layout Location 130

Retalon

FEBRUARY 5, 2025

In todays fast-moving retail landscape, outdated assortment planning methods lead to lost revenue, frustrated customers, and inefficient operations. Retailers using AI-based assortment planning have seen a 36% SKU reduction while increasing sales by 1-2% ( McKinsey ). Why Is Assortment Planning in Retail So Challenging?

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Retail TouchPoints

AUGUST 19, 2021

A recent Shopkick survey proposes that these behaviors are likely to continue through the holiday season: 22% of consumers plan to shop for the holiday well ahead of schedule and 25% even plan to finish their shopping by Thanksgiving, which historically has been the “official kick off” of the holiday shopping season.

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ATS Markdowns Consumer Social Commerce 299

A1 Retail

FEBRUARY 28, 2025

Differs (stand #E40) A predictive AI SaaS solution that optimises discounts for each product, allowing retailers, including Sephora and H&M, to sell more at higher prices, protecting margins and optimising markdowns to generate sell-through.

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Markdowns Promotions Grocer Location 66

Retalon

MARCH 21, 2025

AOP meaning – Annual Operating Plan, is a comprehensive strategic plan that outlines a companys financial goals, key initiatives, and operational tactics for the upcoming fiscal year. For retailers, an AOP serves as a central planning tool that drives alignment across departments and informs high-level decisions.

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Markdowns Finance Promotions Planning 41

Retail TouchPoints

FEBRUARY 2, 2022

Begin with what you have and build a plan to fill in the gaps. 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).

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Retail TouchPoints

AUGUST 19, 2024

Discounts of 60% or more can be problematic unless they are at the very end of your markdown season, as customers start to perceive them as artificial and question if your prices mean anything at all. Fabrizio Fantini, PhD is VP of Product Strategy at ToolsGroup , a supply chain planning and optimization firm. Almost never.

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Consumer Markdowns Promotions Advertising 306

Retail Smart Guys

JANUARY 16, 2025

Key Benefits of Inventory Management Boosts Sales and Profitability : Prevents lost sales due to out-of-stock items and reduces markdowns from overstocked goods. How Retail Smart Guys Can Help With expert open-to-buy planning, Retail Smart Guys helps you: Stock the right products at the right time. Reduce markdowns and boost profits.

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Retail TouchPoints

JULY 31, 2023

of retail sales, has multiple causes, including inaccurate demand planning, lack of inventory visibility and inadequate staff training. Similarly, these system can optimize which stores can fulfill the complete orders to maximize margins and optimize sustainability rather than shipping from multiple locations.”

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Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. These are opportunities that typically don’t get addressed.

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Drop-Shipping Merchant Services Fulfillment Shipping 200

Inside Retail

MAY 30, 2024

Hirata sat down with Inside Retail to discuss the brand’s growth strategy and its upcoming plans for building a physical in-store presence. As Hirata remarked, “Often you can’t, that’s why brands do markdowns like discounts or sample sales, or even why inventory sometimes goes straight to the landfill.” What’s next for Halara?

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Markdowns Wholesale Planning Consumer 130

Retail Smart Guys

JANUARY 28, 2023

Going over your inventory, finances, open-to-buy planning, etc., There are numerous ways you can deal with this, one of which is the by-store location approach, which we at Retail Smart Guys have already been using in our retail services for over a decade. By doing this, we can reduce markdowns and enhance your profitability.

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Inside Retail

JANUARY 30, 2024

Salespeople on the shop floor can use these devices to seek a colleague’s assistance in locating a certain size or style of a product instead of leaving the customer alone while the salesperson finds it. The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life.

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Retail Adventures

JUNE 4, 2020

Remember, if you run an event in your physical location carry that same event over to online store as well. Plan In-Store Events & Promotions: You have brick and mortar stores, online retailers, TV, catalogs, and more coming at you from all sides, all vying for the customers’ attention. Be Prepared for Markdowns.

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Markdowns Returns Promotions Planning 90

Retalon

MAY 10, 2024

If you have ever planned a family budget, you will easily understand Open to Buy (OTB). There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat.

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Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

If you have ever planned a family budget, you will easily understand Open to Buy (OTB). There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

FEBRUARY 10, 2025

A robust merchandise planning solution powered by AI-driven analytics is now a necessity for retailers looking to optimize inventory, forecast demand accurately, and enhance profitability. The traditional planning solution often resulted in inefficiencies, data silos, and costly errors.

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Wiser

AUGUST 25, 2020

Make sure everyone knows the plan—and is able to execute that plan—to ensure that you’ve got merchandiser support when you need it. You want your merchandisers on board with your strategy and ready to enter your locations to set up any displays as shoppers come back. 5: Lean Into Omnichannel Retail.

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Retalon

JUNE 10, 2020

Price planning is one of the most difficult (and often misunderstood) elements of retailing strategies. But emulating successful retailers in price planning isn’t enough. Standard price planning strategies (competition pricing, cost-plus, high-low, EDLP, etc.) What does this mean for price planning?

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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.

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Markdowns Inventory Management Marketing Promotions 130

Retail Smart Guys

FEBRUARY 14, 2023

Going over your inventory, finances, open-to-buy planning, etc., There are numerous ways you can deal with this, one of which is the by-store location approach, which we at Retail Smart Guys have already been using in our retail services for over a decade. more than once can be demanding, stressful, and complicated.

Planning 40

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Retail Smart Guys

FEBRUARY 19, 2024

As we embark on the exciting journey that is 2024, I wanted to share something that has proven to be a game-changer for our clients at Retail Smart Guys and that is our Inventory Planning service. With our Inventory Planning service, we go beyond traditional methods. Navigating the ebb and flow of retail demands a strategic approach.

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Retail Smart Guys

MARCH 23, 2024

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. Then we provide a detailed monthly open-to-buy plan for each class (by location for multi-store retailers).

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Markdowns Inventory Management Location Planning 52

Retalon

JANUARY 6, 2021

An effective replenishment plan will drive profit. There is an age old saying, and it goes like this: “you don’t plan to fail, you fail to plan.” ” And what can be easier than planning replenishment? All you need to do is plan to replenish the products that you sell out of.

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Planning Markdowns Accounting Shipping 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!

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Planning Markdowns Inventory Management Location 40

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. What is inventory balancing?

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Location Inventory Management Markdowns Fulfillment 41

Retail Assist

NOVEMBER 5, 2024

Effective inventory replenishment helps retailers maintain ideal stock levels across locations, ensuring popular items are always available. Effective stock replenishment involves evaluating stock levels, identifying gaps and promptly moving products from storage locations, such as warehouses, to retail stores or distribution points.

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Markdowns Inventory Management Location Management 52

Retalon

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand.

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Retail Adventures

OCTOBER 22, 2020

Making the Golden Quarter work for you requires careful planning that, but even if you haven’t laid the groundwork for a big finish throughout the year, you can still reap the benefits of a solid holiday season. This year consider the following in your Golden Quarter planning: 1. Both of these retailers offer good plans.

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Markdowns Advertising Planning Cross Merchandising 98

Retalon

FEBRUARY 12, 2021

Critical Considerations for Retail Assortment Plans. A retailer’s assortment planning process can make or break their selling season (or even their entire fiscal year). But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. What is assortment planning?

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Planning Accounting Markdowns Store Layout 41

Retail Smart Guys

DECEMBER 11, 2023

As someone deeply immersed in the world of retail, I’ve witnessed firsthand the transformative power of Merchandise Planning and Open-To-Buy, especially when executed with precision and done right. Whether you’re a seasoned retailer or just starting, having a clear plan and financial strategy is the key to sustained growth.

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Markdowns Inventory Management Planning Location 52

Retalon

AUGUST 22, 2023

Retail merchandise planning is the strategic process retailers use to determine what products to stock, in what quantities, and where to allocate inventory across stores and e-commerce channels. With shifting consumer trends and preferences, retailers need agile planning approaches that can pivot to align with changing times.

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Planning Merchant Services Markdowns Consumer 41

Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer plans to lean more into its food offerings in the future. But they need to be the right stores, in the right location, with the right services," said Rowe. Do you like this content?

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Retail Smart Guys

DECEMBER 11, 2022

Also, lacking knowledge of your product availability and location can disappoint your target audiences and cause you to lose their loyalty. With our very affordable inventory planning service, we can provide you with a detailed monthly open-to-buy plan for each class (by location for multi-store retailers).

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

Retalon

FEBRUARY 21, 2025

To build an optimal assortment, retailers can employ AI-driven Assortment Planning tools , which enable planning at the most granular levels while accounting for all the factors that may impact product demand. Not all locations are made equal. A stores attributes will influence how a particular product behaves.

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