Inventory Management

3 Questions Retailers Must Be Asking Themselves This Holiday Season
November 29, 2022 at 7:39 pm

The last three holiday seasons have each been unique as the pandemic first roiled consumer behavior and then unleashed pent-up demand, all the while playing havoc with the economy. This year, with inflation rising and discretionary spending squeezed, retailers are already preparing for a slower holiday shopping season, and a new set of challenging dilemmas.…

Inflation is Changing the Way Consumers Spend Money — Here's How Retailers Can Cope
November 22, 2022 at 4:20 pm

With prolonged inflation, hiked interest rates, and an economic downturn, it's no wonder consumers are feeling an increased amount of stress when making purchases or buying services. And with the holiday season upon us, many are rethinking their spending habits even more than they already were. In fact, 60 percent of consumers say their priorities keep changing…

Preparing for Black Friday: The Role of RFID
November 16, 2022 at 6:54 pm

Black Friday sales are anticipated to continue their upward trajectory, as retailers capitalize on the opportunity to preserve market share early in the holiday season and shoppers still strongly resonate with bargain pricing. Having established itself as the traditional beginning of the holiday shopping season, despite recent trends to shift spending earlier in the cycle,…

How to Reset Your Inventory Management Strategy
November 10, 2022 at 9:57 am

Brands and retailers have never seen anything like this — rapidly changing consumer preferences, ongoing supply chain disruptions, an influx of inventory for some, all under the cloud of a looming recession. Anticipating consumer behavior in this market is challenging. And being able to get what you need when you need it is complex, which…

Fashion Brand Struts to Lightning 50 Success Using Inventory Planner
November 9, 2022 at 11:12 am

Some retail brands are born in boardrooms, others are created in more unconventional circumstances — and J Brooks Boutique, an Atlanta-based online fashion business, is one of those brands. In 2016, its founder, Jessica (Jes) Brooks, bought a sewing machine from a catalog using points she earned as a reward for her performance in her…

Solving the Supply-Demand Puzzle
October 27, 2022 at 11:44 am

What a difference a year or two can make. During 2020 and 2021, retailers struggled to keep up with demand for many items, largely due to supply chain bottlenecks and labor shortages. Shortly after the pandemic started and through last year, a significant reduction of markdowns and in-store promotions took place because retailers could leverage…

5 Actionable Insights for E-Commerce Sellers Ahead of the Holiday Season
October 12, 2022 at 2:42 pm

Just like that, the holidays are around the corner. If you're an e-commerce merchant, these next few months should bring plenty of opportunities for you to sell. The bustling shopping season starts on Thanksgiving itself (yes, you better believe it) and lasts until Christmas. E-commerce sales during this period generally have been a boon for…

Navigating Today’s Inventory Crunch: Where AI is Fitting In
October 3, 2022 at 1:20 pm

Despite the optimism within the retail industry that a return to normal might be seen at some point in 2022, as we move through the back half of the year, the state of the retail industry is perhaps in a more vexing and fragmented state than it was when the year began. After two-and-a-half years…

Nike to Increase Promotions to Clear Out Inventory
October 3, 2022 at 10:07 am

Nike reported last week a 44 percent increase in inventory compared to the prior year period, driven by an increase in inventories from ongoing supply chain volatility. As a result, the sportswear brand plans to ramp up discounting and promotions to clear out some of its $9.7 billion in footwear and apparel before the holidays. On…