Retail Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment. 41% to an in-store flyer today.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Inside Retail

SEPTEMBER 3, 2024

Retailers are integrating AI with bricks-and-mortar shops and online platforms to give the shopping experience a remarkable transformation, enhancing both customer satisfaction and operational efficiency. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. In this report: Market Definition.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retail Adventures

JULY 1, 2020

Even when things were “normal”, customers shopped in strange patterns, and their choices tend not to be divided equally among retailers. Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Be Prepared for Markdowns. Start here: 1. Or strategy.

Markdowns 83

Markdowns Returns Planning Promotions 83

Retalon

FEBRUARY 10, 2025

A small mistake, such as misplacing a decimal point or linking to the wrong cell, can lead to inaccurate sales forecasts, incorrect inventory allocations, or miscalculated markdowns. In fast-paced retail environments, where demand can shift due to seasonality, promotions, and external factors (e.g., billion in 2024 to $85.07

Planning 41

Planning Inventory Turnover Markdowns Location 41

Retalon

SEPTEMBER 11, 2020

That’s because many retailers start with the wrong question when attempting to forecast: “How much do I need to sell?”. For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. Demand Forecasting Methodologies.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

AUGUST 16, 2019

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. You’ll also improve planning for personalization efforts, not only in terms of inventory and fulfillment, but promotions and pricing strategies.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32