Imagine this: a customer walks into your store, excited to buy their favorite item. They’ve been looking forward to it all day. But when they get to the shelf, it’s empty. Disappointed, they leave without buying anything else. This is the dreaded stockout scenario—a retailer’s worst nightmare. But with Increff Merchandising Software, stockouts can become… Continue reading Say Goodbye to Stockouts: Here’s How Increff Ensures Inventory Availability
Imagine $1.77 trillion. It’s a staggering figure, roughly equivalent to the GDP of Canada. Surprisingly, this is the estimated annual cost of inventory distortion, which includes both excess stock and missed sales due to stockouts, afflicting businesses worldwide. This pervasive issue doesn’t just affect profitability but also significantly impacts sustainability, creating a dire need for… Continue reading The $1.77 Trillion Inventory Black Hole: How Your Business Can Escape (and Thrive) with Increff
Is Your Inventory Overflowing and Sales Stalling? There’s a Better Way. Are you one of the 67% of retailers facing a mountain of inventory and disappointing sales according to a National Retail Federation study? Fire-sale markdowns might seem like the only option, but there’s a smarter solution: Merchandise Financial Planning (MFP). MFP is your secret… Continue reading How Merchandise Financial Planning Saves the Day (and Your Bottom Line)
Amazon, the massive online retailer, rakes in significant profits in North America because numerous local stores struggle to accurately predict how much of a product people want to buy. So, when eager customers head to their nearby stores to purchase something they truly desire, they are often met with disappointment as the item is out… Continue reading Mastering Demand Forecasting: A Comprehensive 7-Step Roadmap to Maximize Sales
Have you ever considered the intricacies of managing a fashion brand across both retail and online realms? Juggling numerous stores across cities, gauging distinct identities, predicting demand, and maximizing sales require strategic finesse. Navigating markdowns, stock transfers, and style discontinuations is paramount. The complexity of nationwide operations, warehouses, and logistics renders manual Excel management overwhelming.… Continue reading Top 5 Merchandising Solutions: Global Leaders in Enabling Accurate and Seamless Inventory Optimization
In the ever-evolving landscape of online commerce, businesses face razor-thin profit margins, fierce competition, and the critical significance of each dollar. Navigating this challenging symphony requires adept conductors with its surging demands, intricate supply chains, and market volatility. However, amid these complexities, poor inventory management is a common obstacle that threatens businesses. The consequences of… Continue reading 5 Top Expert Tips to Unlock Inventory Efficiency Like a Pro
The peak season sales is a make-or-break time for every retailer, offering a significant opportunity to boost revenue and increase profits. In fact, over the past decade, the average annual retail sales growth was 3.6%, but since 2019, there has been an incredible 30% growth in retail sales. However, managing the surge in demand and… Continue reading How to Increase Retail Sales During Peak Season: 3 Ways a Retail Tech Partner Can Help
Keeping up with changes in customer behavior is vital for retailers seeking to thrive in a competitive market. A pivotal factor in achieving success lies in transforming your fashion merchandising approach to prioritize customer satisfaction. Did you know that an impressive 86% of consumers are willing to pay more for an enhanced shopping experience? Furthermore,… Continue reading How to transform your Fashion Merchandising Strategy for maximum Customer Satisfaction?
Just as a pair of glasses can help you see more clearly, the proper lens on the merchandising landscape can bring clarity to the retail industry’s merchandising challenges. One significant game-changer in the eyewear sector is Warby Parker, which has revolutionized the way people buy glasses. By offering the convenience of ordering from home and… Continue reading What are the new-age eyewear merchandising challenges and how to overcome them
In the world of retail, a single merchandising decision can influence the trajectory of a season, the success of a product, and even the overall growth of a business. However, these crucial decisions can be fraught with inaccuracies and bias if not properly informed. This is where the power of data comes into play, acting… Continue reading Erasing Merchandising Errors: The Power of Data-Driven Decisions
