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Retail

assortment planning

As to implementing a new Assortment Planning solution that might actually make the process flow more smoothly and with better results - Assortment Planning Software Solution implementations can be challenging, there are a lot of moving parts, change management as well as getting a great technology fit. So why would should you undertake a renovation of your assortment planning solution today?

Fast Fashion in Retail

While there are certainly more than these few definitions for Fast Fashion, it is clear that variety, speed, and newness are expectations of today's consumers, requirements that extend well past the fashion industries. Consumer Packaged Goods companies have accelerated their pace of new product introductions, electronics makers are producing more models with more technical variances, and of course the apparel business which has long been perfecting "speed to consumer" is creating more products with shorter life cycles...

Planning for a Retail Renaissance

Clearly it's not the best of times for a traditional retailer. The stock market is hitting new highs while unemployment is at a new low, both indicators that normally drive spending, and warm the hearts of Retailers. From the world of Retail though, the only thing that seems to be up for many are store closings and pity parties. Even worse if as a Retailer you didn't move early and fast to online, you may have a sinking feeling that the high-growth online opportunity has past you by with Amazon now gaining over 50% of every incremental online dollar, and welcoming the 50th million customers to its Apparel business. Winning in the Retail Renaissance will involve mastering some new skills and disciplines.

Retail

Retailers are dealing with the challenge of operating across multiple channels while navigating a retail landscape that has never been more competitive, which is placing a great strain on their merchandising and inventory management capabilities. Retail industry publication Essential Retail interviews Peter Charness, CMO at TXT Retail on what it takes to succeed in modern retailing. Check out the article.

retail planning

Localization takes on an entirely more complex meaning when a Retailer operates across national boundaries, as do many of our Customers in Europe. Historically for some "localization" has been accomplished by having regional planning/merchandise organizations. While this puts "eyes and ears" into each market, it also creates special needs.

cost methods in planning

It is not uncommon for Retail companies to go back and forth between the merits of cost and retail method of accounting (but not to make frequent changes to their accounting methods….). The question of which is the “best” method continues to be a topic of debate.