Inventory

Retail SMBs: Making it in the Omnichannel Big Leagues
November 23, 2016 at 10:19 am

With Black Friday in two days, the holiday season fast approaching and e-commerce exploding around the globe, opportunities for small-to-medium businesses (SMBs) in the retail industry are skyrocketing — and the rules of the game are changing. Cloud-based e-commerce and enterprise resource planning (ERP) applications are lowering the barrier to entry, while mobile technology is…

The Election Tipping Point: How to Prep for the Holiday Rush
November 9, 2016 at 12:20 pm

As the U.S. presidential election comes to an end, consumers are turning their attention to the rapidly approaching holiday shopping season. Typically, Americans tend to start preparations well before the December rush, and even before the traditional Thanksgiving week start to the season. According to The NPD Group’s Holiday Purchase Intentions Survey, in 2015, “half of…

Increase Margins With Predictive Localized Analytics
October 28, 2016 at 12:43 pm

As I go through the discovery process with prospective SPI customers, there's a moment in almost every engagement when one of the planners or allocators shows their current multitab, multidimension, multipivot table, holographic (OK, I exaggerated on the last point) homegrown Excel spreadsheet. It always impresses. I'm genuinely in awe of the complex usage of…

Cubs World Series Forecast to Break Retail Records
October 26, 2016 at 1:17 pm

It's estimated that the Chicago Cubs World Series appearance will break retail records. The Cubs haven’t played in a World Series since 1945, or won one since 1908. That's the longest championship drought in baseball, and there are plenty of loyal Cub fans ready to scoop up World Series merchandise as a result. Forbes reports…

Post-Season Back-to-School Inventory Tips
October 7, 2016 at 1:24 pm

With the back-to-school (BTS) shopping season over and retailers shifting their attention to the all-important holiday selling season, it begs the question: What can retailers do after the BTS cycle is over to set up stores for a successful end-of-year push? Priority No. 1 for all retailers is to move BTS inventory out of the…

How True&Co. Leveraged Online Data to Move Offline
September 16, 2016 at 12:08 pm

Anda Pho, head of marketing at True&Co., the lingerie retailer that uses an online fit quiz to size bras for women of all shapes and sizes, explained yesterday at NEMOA’s directXchange 2016 Fall Conference how the company has revolutionized the bra-buying process. Data is Everything “Making a bra is like making a car,” Pho said. There…

Deciphering Fashion Sizes With Clothing Store POS
September 13, 2016 at 9:54 am

Exactly what a “size six” is can be a mystery to your customers. Sizes are defined differently from manufacturer to manufacturer, and even from year to year. Some designers may change sizes for strategic reasons. For example, a decade ago a garment would have been labeled a size 16, but it’s a size 12 today in…

Retail Video Spotlight Series: STORY
August 17, 2016 at 10:42 am

Welcome to the first video in our new Retail Video Spotlight Series. The first series is all about concept stores. Today, we're talking to Rachel Shechtman, founder of STORY, a retail store in New York City that takes the viewpoint of a magazine, changes like a gallery, and sells product like your standard brick-and-mortar store. Hear…

Michael Kors is Over Department Store Discounts
August 11, 2016 at 12:01 pm

Michael Kors isn't very happy with the excessive discounts department stores give on its products. CEO John Idol says that come February, the brand will no longer participate in family-and-friends sales or accept coupons for its products. Michael Kors plans to cut back on the amount of merchandise it ships to department stores in an…