A single view of the customer, sales and inventory are foundational enablers for a retailer's omnichannel merchandising strategy. The need is to merchandise the right "me" products to the right sales channels "now" at the right price. Processes across the enterprise, from planning through supply chain, will need to be integrated and data will need to be consolidated and available to derive actionable insights.
Tired of reading about what a tough year it’s been for so many businesses across the board? Frustrated with your own results? Scared about the economy? Whether or not you’re struggling as much as others, here’s a little tonic: our annual best-of feature, in which we’ve pulled what we believe to be the 50 best and most implementable tips of the year from Catalog Success magazine as well as our weekly e-newsletter, Tactics & Tips. There’s nothing fancy here. Each paragraph is taken from a particular story that’s referenced, so you can turn or click back to reread the full story or act on
“A couple of years ago,” recalled Ken Harris, CEO of Carson, Calif.-based food gifts cataloger Mrs. Beasley’s, “Mrs. Beasley’s was in the toilet.” But like a rundown West Hollywood apartment overhauled to become a posh and highly sought-after condo, the $17 million Mrs. Beasley’s has undergone a dramatic overhaul over the past couple of years and has turned an 8 percent sales decline into a 25 percent increase. In a session at last week’s ACCM conference in Boston, Harris and two consultants he worked with explained how. The 29-year-old company, which has historically served many Hollywood celebrities and studios (its first-ever customer was Barbra Streisand,