Page 7 - Excess Inventory News Today

Working The FrameWelcome to The Merchant Life, where founders, VPs, and C-Suite executives come to seek out valuable merchandising insights.As this hits your inbox, we are at the tail end of The Running Event in Austin, TX and running in The Indie 5K race to close off the conference.Leading up

On. with consumer prices up 7.7% compared to last season and one in three households are saying their finances are worse off than a year ago, shoppers are left with tighter budgets. >> retailers are aware of the fact that consumers only have so much to spend. >> reporter: thats why even before black friday, many retailers are already offering deep discounts, vying for your holiday dollars. the most discounted items this season, everything from tvs, laptops, to home appliances and beauty products...

I dont know. [ laughter ] >> reporter: shoppers looking for deals this holiday season will find them. there will be steeper discounts going on for a lot longer. retailers are trying to off-load excess inventory. thats a difference from last year when retailers had a tough time getting inventory because of the snarled supply chains. some retailers are doing away with free returns. thats because they too are experiencing inflation, trying to cut their bottom line. read the fine print, make sure yo...

>> i dont cut back at christmas. >> reporter: how many more stores? >> maybe five more. >> reporter: five more? shoppers are certainly looking for a holiday deals. they will find big savings this year. sales will run a lot longer. thats because retailers are trying to off-load excess inventory. if you remember last year, retailers had a hard time getting nevin tower behave supply chains. one major change coming to retailers this year, is theyre doing away with free return shipping. that is becau...

Retailers use loyalty programs to keep customers coming back to them more often and spend more when they do.There is one more layer to this.Loyalty is about forsaking all others. With loyalty, customers resist promotional offers from competitors and stay with their brand of choice.The trick is staying relevant – being

[unable to retrieve full-text content]Principal and Co-Founder of Retail Strategy Group, Liza Amlani, is a guest on The Endless Aisle Podcast – presented by Newstore. Marcus LaRobardiere, Sr. Director of Marketing at Newstore, hosts...The post In Conversation – Liza on The Endless Aisle Podcast first appeared on Retail Strategy Group

Products don’t tell stories.People do.Product assortments shouldn’t be telling stories – rather, they must have a distinct point of view.It reflects what the brand stands for. There is an expression of values.The assortment (should) clearly state what the brand is all about.Excess inventory is a symptom of a brand not

Retailers are focused on their agility, strategy, and how to lead in this current environment.This is exactly the time for fresh thinking.However, companies are very good at breathing their own exhaust; it’s usually a good idea to crack open a window and let the air flow.A new CEO can accomplish

Retail Strategy Group is partnering with Retail Systems Research (RSR) to produce the 2022 Merchandising Benchmark Report. The report touches on important themes including: Incorporating consumer feedback into the product creation process. Digital transformation. Barriers impeding the evolution of merchandising strategy. Steve Rowen, Managing Partner at RSR, says “We couldn’t be more excited than we

Liza Amlani of Retail Strategy Group will be presenting at the 8th annual Accessories Council Business Workshop. She will be in conversation on stage with Tony Drockton, Founder and Chief Cheerleader at Hammitt. Liza’s topic of discussion is titled “Don’t Stop Believing - 5 Principles of Product Success.” Attendees will benefit