Inventory

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…

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…

Debunking a Myth: Will Online Product Expansion Shrink In-Store Sales?
August 11, 2022 at 10:52 am

Product cannibalization is a common topic amongst our retail partners when we discuss assortment expansion via drop-ship and marketplace. There’s a misconception that by surfacing more items online from supplier brand partners it will potentially impact sales of owned inventory in a negative way. In our experience, this is rarely a concern as long as…

The Need for Speed ... to Market
August 2, 2022 at 5:27 pm

Excess inventory. Losing pace with shifts in customer behavior. Erosion of gross margin. Selling on markdowns. Missing forecasts. No time for innovation. What do these have in common? These are the symptoms of a retailer suffering from a lack of speed. Speed to market, that is. If you skim recent headlines, this is what you’ll…

Optimizing In-Store and Online Channels for the Ultimate Customer Experience
July 26, 2022 at 7:31 pm

Retail was impacted by the COVID-19 pandemic on a foundational level. Unable to open doors to the public and forced to quickly scale up (or even create from scratch) an online business model, the industry had to adapt fast to preserve revenue streams. Now, nearly two years later, the retail landscape has evolved significantly as…

Report: Retailers Lowering Prices to Mitigate Rising Surplus Inventories
May 30, 2022 at 3:28 pm

While only a few months ago U.S. retailers were scrambling to fill their shelves due to supply chain delays, many are now facing inventory surpluses and having to discount unsold goods, according to a Reuters report. Average retail inventories have been rising quickly, too. The Reuters article cited research from Citi that found 11 of…

Expand Your Supplier Offering Without Taking on New Inventory
May 12, 2022 at 2:28 pm

It’s no secret that large e-commerce companies like Amazon.com thrived over the past two years. In a time of high demand and short supply, Amazon was able to provide what people wanted, when they wanted it. The secret is in how it was able to do that when supply chain problems were hitting all companies.…

Going Viral: How Fashion Brands Can Rely on Demand Sensing in the TikTok Era
May 10, 2022 at 8:48 pm

Apparel organizations that fail to plan might as well plan to fail, particularly in the TikTok and Instagram era. The power of social media has never been more apparent to fashion brands, which, because of influencers, sell out of much-wanted items faster than they can make them — inadvertently sending shoppers elsewhere. For instance, after…

L.L.Bean Sales Grow 14% During Second Year of Pandemic
March 21, 2022 at 7:06 pm

Increased consumer interest in outdoor lifestyles during the pandemic contributed to double-digit revenue growth for L.L.Bean in its 2021 fiscal year, according to company press release published on March 18. Sales for the outdoor retailer totaled $1.8 billion, a 14 percent increase over 2020, and making it one of L.L.Bean’s most successful years in company history. In…

What Can Help Retailers Avoid Out-of-Stocks? High-Quality Data
February 3, 2022 at 6:48 pm

The pandemic was a shock for retailers. Panic-buying of disinfectants, hand sanitizers and countless other goods resulted in historic demand and out-of-stocks for many products, leading to lower customer satisfaction and brand loyalty, not to mention loss of sales. As upstream suppliers dealt with their own supply chain disruptions, retailers were left with empty shelves…