Retail TouchPoints

AUGUST 19, 2021

Although the back-to-school season is typically a prime time for special deals and promotions, retailers need to consider how these slashed prices align with overall product demand and availability. For example, with back-to-school, Kotlyar noted that we’re seeing fewer promotions because of supply constraints.

ATS 299

ATS Markdowns Consumer Social Commerce 299

A1 Retail

FEBRUARY 28, 2025

The award programme hand-picks those technologies that have the power to unlock competitive advantage and digitally transform retailers capabilities whether its AI solutions that drive efficiencies or power promotions, to tech that digitally connects the shelf-edge and innovations that optimise product information.

Markdowns 66

Markdowns Promotions Grocer Location 66

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 That’s a clear advantage in the near term and remains our focus over the long term.”

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Retail TouchPoints

AUGUST 19, 2024

In addition to store closures and layoffs, retailers have had to consolidate operations, renegotiate deals and scale back promotional activities. Even worse, these promotions often fail to clear the desired inventory at all. retailers are looking for a more effective approach. Almost never.

Consumer 306

Consumer Markdowns Promotions Advertising 306

Retail TouchPoints

APRIL 6, 2022

Shoppers should be able to quickly locate pertinent product information. Time-sensitive or exclusive items can be promoted on an aisle endcap. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.”

Checkout 299

Checkout Markdowns Apparel Promotions 299

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.

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

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 Focus

DECEMBER 8, 2021

The UK’s cost of living squeeze is making Millennials and younger demographics more sensitive to pricing and promotions, the latest research from antuit.ai , the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals.

Markdowns 148

Markdowns Promotions Consumer Fashion 148

Retalon

MARCH 21, 2025

Inventory levels: Forecasting stock requirements across locations to avoid stockouts or excess inventory. Promotional calendars: Planning key campaigns, promotions, and markdown events throughout the year to drive sales and clear seasonal inventory. This alignment is key to consistent execution across the business.

Markdowns 41

Markdowns Finance Promotions Planning 41

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.

Merchant Services 258

Merchant Services Shipping Fulfillment Markdowns 258

Wiser

OCTOBER 13, 2020

Every retailer has multiple brands that are vying for shelf space and promotional efforts. It’s critical that you promote your brand to retailers so they choose to favor you over the crowd. Trade promotions are one of the best ways to do that. What is a Trade Promotion? Trade promotions can take several different forms.

Promotions 78

Promotions Visual Merchandising Markdowns Wholesale 78

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

I Vend

OCTOBER 26, 2024

A single view of inventory allows you to flawlessly manage stock across multiple locations – and make decisions based on up to date and accurate information. This unified inventory visibility provides a clearer understanding of what products are available and where they are located.

Inventory Management 52

Inventory Management Point of Sale Management Markdowns 52

Wiser

AUGUST 25, 2020

You want your merchandisers on board with your strategy and ready to enter your locations to set up any displays as shoppers come back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. 5: Lean Into Omnichannel Retail.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Inside Retail

MAY 30, 2024

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.” In addition, Hirata said the company eventually plans to open permanent bricks-and-mortar locations. In fact, that’s a large part of what drew Hirata to the brand.

Markdowns 130

Markdowns Wholesale Planning Consumer 130

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

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.

Markdowns 90

Markdowns Returns Promotions Planning 90

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

Retail Adventures

SEPTEMBER 28, 2020

There’s a reason milk and eggs are housed at the back of the store – retailers want you to have to have to walk through new and promotional items first. Some apps have GPS and will send you an offer if you are near one of their locations or shopping at a competitors’ store. Not this year!

Shopping 90

Shopping Markdowns Consumer Promotions 90

Wiser

JULY 14, 2020

You develop a product, produce it, promote it, and sell it. While you may have to make short-term pricing decisions, such as markdowns or discounts, your pricing strategy should have a longer time horizon in mind. ” Dynamic prices can change alongside market demands or outside conditions, such as time or location.

Bundled Pricing 128

Bundled Pricing Markdowns Consumer Marketing 128

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. Some of these factors include: Pricing Consumer preferences Competitors Events Promotions Vendors Logistics etc.

Markdowns 41

Markdowns Promotions Accounting Planning 41

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

M19 Retail

OCTOBER 11, 2024

A robust inventory management software keeps track of these details, ensuring that inventory data is up to date and that stock levels are optimized across various locations. Navigating Returns, Promotions and Seasonality with Retail Inventory Software Retailers face a constant stream of variables in the course of doing business.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Markdowns 52

Retalon

JUNE 10, 2020

Get Granular With Unique Product / Locations What does this mean for price planning? Optimize Prices for Each PLC Stage Product Introduction (Initial Pricing) In-Season Promotions End of Product Life Cycle What does this mean for price planning? There was more foot traffic because you were selling popular Scarf X on promotion?

Planning 41

Planning Markdowns Promotions Accounting 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retail Assist

APRIL 14, 2021

Retailers can automate replenishment using intelligent algorithms, which can be particularly beneficial during promotional or seasonal events. That’s the requirement for every modern retailer today, operating with an omnichannel mentality, especially during peak periods and promotions. Replenishment is essential to avoid stock-outs.

Markdowns 52

Markdowns Fulfillment Promotions Shipping 52

Retail Smart Guys

NOVEMBER 28, 2022

They know how you can hire great staff, improve your people’s skills, promote deserving individuals, and terminate employees that do not serve you well. They are knowledgeable in proper placements of your products and better store locations, skilled in amplifying your branding and messaging, and up-to-date in all of these retail trends.

Markdowns 52

Markdowns Promotions Retail Trends Location 52

Retail Adventures

OCTOBER 22, 2020

Place carts and baskets in key locations throughout the sales floor, not just near the door. Spinner racks located near the cash wrap work, too. These signs make it easy for shoppers to locate what they came in to buy. These signs include the promotional and event signs that are meant to be hung for a limited amount of time.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 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. For instance, introducing a new shampoo using a lower price promotion might cannibalize sales from shampoo inventory already on the shelf. Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retalon

MARCH 2, 2021

What channels do you promote through? What sizes should you offer for each product at each location? Do you run promotions? Run a promotion last year that you don’t plan for this year? What are your customer profiles? What channels do you sell through? What fulfillment methods are you offering? How do you handle returns?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

OCTOBER 8, 2020

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.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

FEBRUARY 21, 2025

Building the Optimal Assortment Strategy The most effective assortment strategy will be tailored to the retail location type or cluster. Not all locations are made equal. A stores size, location, climate, and culture-specific demographics are all examples of influencing attributes. a snowsuit in the summer months).

Markdowns 41

Markdowns Planning Inventory Management Drop-Shipping 41

Retalon

NOVEMBER 11, 2021

In turn, consumers now expect these same options to be available across all retail locations (both online and in-store). Advanced analytics tools can pinpoint demand for a specific SKU at a specific location or channel. Why invest in pricing and promotions?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retail Minded

AUGUST 1, 2024

Retailers, both online and offline, must invest in inventory management software that will not only give you real-time visibility across every location into the different stock levels you may have but also give you data that will help you create strategies to meet demand and avoid any stock discrepancies that could arise.

Inventory Management 59

Inventory Management Management Markdowns Promotions 59

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. You cannot optimize prices without managing them, however.

Management 41

Management Markdowns Accounting Retailing Pricing 41

M19 Retail

MARCH 17, 2021

It helps boost staff productivity by providing real-time inventory access to store managers and store associates, while establishing a single version of the truth for inventory, pricing, and location data. About Mi9 Retail.

Inventory Management 40

Inventory Management Management Markdowns Planning 40