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Consumers now are now faced with a feast of options online to unearth the best offers. For retailers, while they’ve never had a greater pool of prospective customers, they’ve never had more competition vying for those same shoppers.
As such, retailers are facing mounting pressure to offer express delivery, flexible payments, and free returns, in order to maintain a lead. All these value-add offerings cut into margins, making satisfying customer demands an increasingly expensive business.
Sustained inflation has compressed consumer spending across categories, resulting in softened sell-through rates and climbing aged inventory ratios. For retailers, brands, and manufacturers, the downstream effects are distinct, but the core problem is the same: the excess inventory is there,…
This well-known athletic retailer had large volumes of aged overstock held at various distribution centers (DCs) around the country. A small group of jobbers purchased the inventory on informal terms, managed by each DC, leading to inconsistent processes and outcomes…