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

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

Inside Retail

SEPTEMBER 3, 2024

Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Adventures

DECEMBER 1, 2024

Have copies to hand out in-store, feature your lists on your website, in your marketing, social medias, ads and promotions. BE READY FOR RETURNS Post your return and exchange policy behind the counter, on your website and on any promotion materials. MASTER MARKDOWNS Plan now for your post-holiday markdowns.

Markdowns 52

Markdowns Cross Merchandising Returns Checkout 52

Retail TouchPoints

OCTOBER 22, 2020

Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively. Similarly, online shoppers respond to different types of promotional offers, and obviously different promotional vehicles used to reach shoppers when shopping online.

Promotions 130

Promotions Markdowns Returns Shopping 130

Retail TouchPoints

AUGUST 19, 2024

Executives are hesitant to admit they’re receiving minimal return on investment from their data departments for fear of being perceived as Luddites clinging to traditional methods. In addition to store closures and layoffs, retailers have had to consolidate operations, renegotiate deals and scale back promotional activities.

Consumer 306

Consumer Markdowns Promotions Advertising 306

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

APRIL 6, 2022

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.” An exceptional product page can turn a passive “window shopper” into a returning ecommerce customer.

Checkout 299

Checkout Markdowns Apparel Promotions 299

Retail TouchPoints

MARCH 3, 2023

We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales. Given value is absolutely top of mind right now, being able to deliver affordable joy differentiates us in the marketplace,” said Brian Cornell, CEO of Target on a call with investors. “In

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Wiser

APRIL 13, 2021

There are times when you want to switch up prices more often, such as a promotional period or holiday season. Competitive, low prices on Amazon might be what you need to win the Buy Box, alongside other factors like fast shipping times, strong reviews and ratings, and fewer returns or replacements. Turn to Markdowns and Promotions.

Markdowns 148

Markdowns Promotions Drop-Shipping Advertising 148

Wiser

MARCH 17, 2020

They might also believe the specific price demonstrates greater value or a markdown. There’s also the promotional aspect of it. Which ones drive the most value, generate the most sales, or return the greatest profit? These are a few reasons why charm pricing works. Pricing something at $19.95 instead of $20.00

Markdowns 135

Markdowns Consumer Promotions Retailing Pricing 135

Retail Adventures

JULY 13, 2021

Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Make Sure Your Return Policy is Competitive. If every one of your competitors accepts returns and exchanges but your policy screams NO! Be Prepared for Markdowns. Start here: 1. Or strategy.

Markdowns 98

Markdowns Returns Planning Promotions 98

Wiser

JULY 19, 2017

The 4 P’s; product, placement, price, and promotions are basic components of a marketing plan. On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management. Discounting and Promotions.

Marketing 84

Marketing Promotions Markdowns Advertising 84

Retail Adventures

JUNE 4, 2020

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. As we head into summer and fall, be ready with one major and one to two minor events locked and loaded on your promotional calendar.

Markdowns 90

Markdowns Returns Promotions Planning 90

Independent Retailer

DECEMBER 23, 2022

.” Here are 7 tips for retailers on how to better manage their wholesale inventory and get rid of some of that product bloat: Return for a Refund or Credit. Offer Promotions & Product Markdowns. Return for a Refund or Credit. Offer Promotions & Product Markdowns. Donate Excess Inventory.

Inventory Management 98

Inventory Management Wholesale Management Markdowns 98

Retail Adventures

JULY 1, 2020

Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Make Sure Your Return Policy is Competitive. If every one of your competitors accepts returns and exchanges but your policy screams NO! Be Prepared for Markdowns. Start here: 1.

Markdowns 83

Markdowns Returns Planning Promotions 83

Inside Retail

JULY 4, 2023

per cent in the APAC region as a whole and Greater China had “returned to growth” after “two years of declining business”. Another global athletic brand with high hopes pinned on the China market is Puma, and it has only just resumed growth in China, in the first quarter of this year.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

M19 Retail

OCTOBER 11, 2024

Your retail management software must be equipped to identify those high-demand items and ensure they are restocked efficiently, while also managing slow-moving SKUs to reduce waste and markdowns. Product returns, promotional campaigns, and seasonal spikes in demand all have a significant impact on the supply chain.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Markdowns 52

Independent Retailer

AUGUST 19, 2022

According to a report, 54 percent of shoppers are concerned about inflation driving price increases and are on the lookout for promotions and switching to lower-priced brands. Whether you decide to promote your loyalty program, increased rewards, sales, or discounts, you need to stay competitive in order to stay in the game.

Shipping 98

Shipping Merchant Services Consumer Returns 98

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. These items need to be replaced and either returned to the vendor or donated. It is essential to keep non-sellable products separated from your regular inventory.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Can this be considered a truly successful promotion?

Fashion 41

Fashion Markdowns Promotions Accounting 41

365 Retail

OCTOBER 29, 2021

Retailers are increasingly embracing AI-based solutions for full lifecycle pricing, that provide price, promotion and markdown optimization that keeps pace with rapidly changing competitor, market and shopper behaviours that cannot be predicted by just looking at the past.

Markdowns 52

Markdowns Promotions Planning Management 52

Retail Adventures

OCTOBER 22, 2020

These signs include the promotional and event signs that are meant to be hung for a limited amount of time. Try a Buy $25 in gift cards, get a $5 gift card for free or Buy $50 in gift cards, get a $10 bonus card promotion. Be prepared for markdowns and returns. Zone Two Signs are hung just above the shoppers’ eye level.

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. Pricing is the number one most impactful lever a retailer has to affect GMROI (gross margin return on investment). Let’s find out.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Retalon

OCTOBER 8, 2020

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. 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

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retail Adventures

AUGUST 25, 2021

Discuss products, policies, promotions – anything and everything store associates need to know that day. Your return/exchange policy should be comparable to other retailers in your area that sell what you sell. becomes customer-friendly when changed to “We gladly accept returns and exchanges within days.

Returns 83

Returns Cross Merchandising Promotions Marketing 83

Retalon

NOVEMBER 11, 2021

In fact, recent research from McKinsey & Co found that there are a few key areas of IT investment that has allowed some retailers to outperform their competitors by a whopping 68% in returns. Why invest in pricing and promotions? Advanced analytics tools can pinpoint demand for a specific SKU at a specific location or channel.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

MARCH 2, 2021

What channels do you promote through? How do you handle returns? Do you run promotions? Run a promotion last year that you don’t plan for this year? Without understanding these business-specific considerations, none of your data, or analytics will yield intelligent and reliable insight. . What are your customer profiles?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

AUGUST 14, 2023

The goal is to weave these channels together seamlessly so customers can: Purchase online and return in-store Browse in-store and buy online later Have their data and shopping cart synced across all platforms Omnichannel retail delivers convenience, flexibility, and personalization to meet modern customer expectations.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. In particular, effective promotion planning depends on having accurate measurements of In-Stock Percentages. Is the right product getting to the right place at the right time? In-Stock Percentage 2.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

V Count

OCTOBER 5, 2022

You may want to sell more of these items or promote them more prominently in your store. When possible, avoid markdowns because they are good for decreasing profits. You will be able to sell more products and minimize the need for markdowns because of these better judgments regarding purchases, sales, and marketing.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

SEPTEMBER 1, 2020

Without historical data to draw upon, how do you predict the best way to allocate them to stores, pricing, promotional demand, and balance online versus in-store sales? Co-marketing funds you receive require investments in store merchandising and promotional campaigns. – all costly mistakes. What should initial pricing look like?

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retail Adventures

AUGUST 16, 2022

We’re talking Non-Stop Traffic-Building, Profit-Producing, Attention-Grabbing, Sales-Generating, Competition-Miffing, Customer-Winning Retail Events and Promotions™ like our Guys Night Out, The 12 Days of Christmas, 50% Off Coupon Event, the previously mentioned Create Your Own Coupon Sale and Cash Register Receipt Auction.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

RETAIL MANAGEMENT SOFTWARE

OCTOBER 8, 2024

Inventory Management: Retailers often struggle with balancing sufficient inventory to meet demand while avoiding excess stock, which can lead to increased carrying costs and potential markdowns. Happy customers are more likely to return and recommend your store to others.

Supply Chain Management 52

Supply Chain Management Inventory Management Fulfillment Management 52

Retail Adventures

JANUARY 1, 2024

Discuss products, policies, promotions – anything store associates need to know that day. Your return/exchange policy should be comparable to other retailers in your area that sell what you sell. becomes customer-friendly when changed to “We gladly accept returns and exchanges within days. Don’t wait too long to take a markdown.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52