Retail TouchPoints

APRIL 27, 2021

The solution also will help Sally Beauty create more effective promotions through enhanced targeting and develop profitable markdown plans. Among the activities Americans plan to engage in during what Vagaro refers to as a “Quarantine Glow-Up” are enhanced skin and haircare routines — Sally Beauty’s sweet spot.

Markdowns 261

Markdowns Promotions Planning Target Market 261

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 274

Markdowns Retailing Pricing Promotions Fulfillment 274

Retail TouchPoints

JUNE 17, 2024

will deploy the Base Price and Markdown pricing solutions from Revionics , an Aptos Company , to help scale optimized pricing across its 2,200 stores and ecommerce site. Tractor Supply Co. The rural lifestyle retailer has been a Revionics customer since 2010.

Markdowns 261

Markdowns Outdoor Apparel Planning 261

Retail Adventures

JANUARY 20, 2021

And when it doesn’t you need a plan to get rid of it so you can buy fabric that will sell. Be firm about delivery dates, and implement a strong markdown program to clear out product that’s past its sell date. When done on time, the first markdown you take is always the cheapest markdown. but it isn’t selling.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Wiser

AUGUST 15, 2017

In a perfect retail world, markdowns wouldn’t be necessary and every item would sell at full price within weeks of being in store. This is where markdowns come in handy, as the demand for a product diminishes, sales can encourage shoppers to purchase an item they wouldn’t have considered buying at full price. Plan Markdowns in Advance.

Markdowns 90

Markdowns Promotions Planning Shipping 90

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 227

Outdoor Markdowns Apparel Fulfillment 227

Retail TouchPoints

AUGUST 1, 2024

The deployment is designed to reduce the risk of markdowns and stock shortages while also limiting the impact of underperforming products. Family Dollar has partnered with First Insight to refine its merchandise assortment strategy using the solution’s predictive analytics and actionable data.

Markdowns 261

Markdowns Location Planning ATS 261

Retail TouchPoints

NOVEMBER 29, 2022

The retailer also is guarding against supply chain shocks by expanding its network of coastal holding facilities, including a new one Lowe’s plans to open in Suffolk, Va. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

Fulfillment 295

Fulfillment Markdowns Store Operations Customer Experience 295

Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

Consumer 246

Consumer Markdowns Planning Shopping 246

Inside Retail

JULY 22, 2021

The warehouse, situated in Ravenhall, Victoria, will serve Myer’s stores and online efforts, will hold over 100,000 SKUs, and is key to the next phase of the department store’s ‘Factory to Customer’ initiative – and is another important step in the ongoing ‘Customer First Plan’ according to chief executive John King.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Retail TouchPoints

OCTOBER 11, 2021

With seasonal items in particular, missing the mark on pricing, even if only a little, often results in excess stock on hand that has very weak demand, necessitating markdowns. The Win-Win Imperative: There are No Do-Overs. Michaud is President and CEO of DemandTec.

Markdowns 259

Markdowns Promotions Retailing Pricing Marketing 259

Retail Focus

JUNE 3, 2021

Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels. Think of pricing in the context of the full lifecycle, from everyday price through promotions and markdowns/clearance.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Retail TouchPoints

OCTOBER 3, 2023

When it came to inventory planning and optimization, stores were planned, allocated and/or replenished, and transacted with their customers entirely separately from the digital channel. This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today.

Fulfillment 279

Fulfillment Drop-Shipping Shipping Markdowns 279

Inside Retail

FEBRUARY 9, 2022

An increase in volatility in any one of these variables would be troublesome for a retailer, but when all six are in play it makes for a perfect planning storm. The planners in turn use data and adopt planning methodologies of varying complexity to move stock at optimum price and margin. .

Planning 130

Planning Markdowns Sporting Goods Shipping 130

Retail TouchPoints

SEPTEMBER 23, 2024

Optimize Seasonal Promotion Plans Seasonal promotions are a staple in retail, but not all promotions are created equal. This strategic approach to promotion planning can help retailers avoid unnecessary discounting while still driving sales during peak periods.

Promotions 144

Promotions Markdowns Planning Retailing Pricing 144

Retail TouchPoints

SEPTEMBER 1, 2023

In addition, the retailer is revising its planned same-store sales growth of 1.0% Dollar General also executed nearly 850 real estate projects during Q2 2023, “further extending our reach and expanding our ability to serve both new and existing customers,” Owen explained. Dollar General plans to spend between $1.6 in Q2 2022.

Markdowns 261

Markdowns Apparel Planning Consumer 261

Retail TouchPoints

OCTOBER 15, 2021

More and more, that means rethinking product development and expanding their sizing and assortment planning to represent a wider range of sizes and body shapes. But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. billion in the U.S.

Consumer 284

Consumer Merchant Services Markdowns Fulfillment 284

Retail TouchPoints

MARCH 8, 2023

The decline was primarily driven by clearance markdowns of approximately 750 basis points, according to CFO Jill Timm. One strategy will be putting more gifting items up front in stores, which the retailer did for Valentine’s Day and plans to continue doing for Mother’s Day and “all true gift-giving periods.” in Q4 2022.

Markdowns 252

Markdowns Planning Promotions ATS 252

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? More on this later. Hello, retention!

Planning 130

Planning Markdowns Store Layout Location 130

Retail TouchPoints

MARCH 3, 2023

We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales. Dollar Tree’s outlook includes about $430 million in operating expenses across a number of investments, including plans to increase average wages by $2 per hour. “We during Q4, but they were up 0.6%

Markdowns 305

Markdowns Operating Expenses Department Stores Planning 305

365 Retail

JUNE 16, 2021

Online retail giant The Very Group will continue to enhance its pricing strategies with DemandTec Markdown Optimisation. The post The Very Group Renews DemandTec Markdown Optimisation appeared first on 365 RETAIL | Retail News.

Markdowns 59

Markdowns Accessories Planning Management 59

Retail TouchPoints

FEBRUARY 15, 2023

So it could be markdown optimization or customer analytics or supply chain or assortment and merchandising — there are a lot of use cases that retailers tend to need. Retailers can then run “what if” simulations, calibrate demand forecasting, improve inventory planning, formulate strategies for supply chain segmentation and more.

Merchant Services 284

Merchant Services Markdowns Store Operations Planning 284

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.

ATS 293

ATS Markdowns Consumer Social Commerce 293

Retail TouchPoints

NOVEMBER 25, 2020

Retailer Plans to Use Solution Across Multiple Channels. This customer-level profit insight can inform every business decision, from where to acquire the highest value customers to how best to serve them in a retail store and at the residential doorstep. ”.

Markdowns 220

Markdowns Fulfillment Shipping Marketing Spend 220

Inside Retail

APRIL 17, 2023

You’ll probably have to adjust margins to implement this model effectively, and it’s likely that the ‘better’ offer will end up being the largest seller, so plan your orders accordingly. Tread carefully because markdowns will bite hard if you misjudge stock weights. And you’ll need a pre-planned mechanism to achieve that.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Inside Retail

JULY 6, 2022

Supply chain disruption may have become a singularly hot topic in retail circles these past years, but a focus on improving supply chain planning and forecasting is far more than just a passing trend. The post AI-driven solutions take supply chain planning to the next level appeared first on Inside Retail.

Planning 130

Planning Supply Chain Management Markdowns Management 130

Retail TouchPoints

MAY 30, 2023

The company is looking to pivot Journeys to an off-mall strategy, with 13 locations out of a planned 25 already open. This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. Genesco’s gross margin was 47.3% in Q1 2023.

Location 225

Location Markdowns Accounting Promotions 225

Wiser

OCTOBER 12, 2021

Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more.

Markdowns 147

Markdowns Promotions Consumer Planning 147

Retail Dive

AUGUST 17, 2022

The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?

Markdowns 105

Markdowns Planning Consumer 105

Retail TouchPoints

FEBRUARY 12, 2021

RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. Many will also need to speed up digital transformation plans in order to adapt to?consumer consumer reliance on ecommerce, in-store pickup, and self-checkout.?.

Fulfillment 279

Fulfillment Markdowns Inventory Management Customer Experience 279

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).

Retailing Pricing 246

Retailing Pricing Markdowns Accounting Outdoor 246

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.

Consumer 301

Consumer Markdowns Promotions Advertising 301

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Planning 41

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. With the right planning and foresight, retailers that prioritize bot defense will increase their competitiveness while reducing their risk and operating costs. Bad Bots are Siphoning Profits.

Merchant Services 301

Merchant Services Payment Services Accounting Checkout 301

Retail Gazette

JULY 16, 2024

However, like-for-likes at its core UK business fell 3.5%, which it attributed to “exceptionally strong comparatives” last year and poor weather in April and May this year. It said that all stores opened since last year are performing ahead of expectations.

Markdowns 110

Markdowns Planning ATS 110

Retail TouchPoints

JULY 31, 2023

of retail sales, has multiple causes, including inaccurate demand planning, lack of inventory visibility and inadequate staff training. Inventory distortion, which is equivalent to 7.2% The report cited vendor issues as the primary driver of both out-of-stocks and overstocks in 2023, contributing $417.7

Markdowns 246

Markdowns Shipping Fulfillment Consumer 246

Retail Wire

MAY 18, 2021

The fashion label is planning to offer additional features include customized patterns and logos over the next year. David Lauren, the company’s chief innovation and branding officer and vice chairman of the board, said that the customized polos will enable the company to reduce waste, limit inventory and cut markdowns on the brand.

Markdowns 100

Markdowns Fashion Planning 100