Modern Merchandising: Boosting Retail Performance with AI
Operations and Merchandising demand a proactive approach to keep retail performance at the top of competition. It is no longer new that Artificial Intelligence (AI) is the transformative force enhancing processes and empowering teams to over-achieve
Planogram and Product Assortment Best Practices for Merchandising Success
Effective merchandising is a cornerstone of retail success. It’s about creating the right environment and experience for customers that not only attracts them but also converts foot traffic into sales. At the heart of successful merchandising lies the proper use of planograms and the strategic development of product assortments.
Monitoring Competitors Activities and Promotions for Better Retail Execution
Unless you’re running a monopoly, monitoring competitors is a necessary task for staying ahead in the retail ecosystem.
Merchandise Tracking for Retail Success
Keeping track of your merchandise can be a daunting task, but it’s one of the most critical components of running a successful business. Effective merchandise tracking is essential for ensuring on-shelf availability, avoiding stockouts, managing inventory levels, and creating a seamless shopping experience for your customers.
Efficient Product Lifecycle Management for Retail Success
Efficient product lifecycle management is crucial in having successful retail operations and sales in general. It is part of the numerous challenges that producers, distributors and retailers face in managing their portfolios effectively.
Shelf-Life Management: Avoiding Expiries with Promotions
Managing a shelf full of diverse products is a challenge every retailer knows well. Yet, beyond the surface complexity of shelves lies a hidden struggle—shelf-life management. Every day, billions of retail dollars are lost due to expired products that were never sold, showcasing the critical need for businesses to rethink how they handle inventory. But […]
Understanding the Intricacies of Retail Merchandising
In retail, success often hinges on more than just having a quality product. Retail merchandising — the art and science of presenting products to consumers in a way that maximizes sales — is a crucial aspect of modern business strategy.
Strategies for Better Shelf-Life Management
Effective shelf-life management is more critical than ever. With a higher demand on fresh and organic products the trend of having fast moving with short expiry items as part of a portfolio is inevitable.
Trade Promotion Pitfalls (and How to Avoid Them)
In the competitive retail landscape, trade promotions play a crucial role in driving sales and increasing market share for brands. These promotions, which often include discounts, special offers, and incentives for retailers, are designed to attract consumer attention and encourage purchases.
Retail Execution: The Way to the Perfect Store
In an ideal retail world, every store would have perfectly stocked shelves, eye-catching displays, and products that never run out of stock. This utopia of retail execution is known as the “perfect store”
