The RPI is used for cost escalation in government transfer payments and wage contract negotiation. Retail Price Index (RPI) and Inflation First calculated in June 1947, the RPI was the principal measure of inflation in the U.K. and replaced the previous Cost of Living Index. The Retail Price...
Assortment planning is how fashion retailers plan their assortment of seasonal styles and allot them to each store and other sales channels. The idea is to offer the right styles, in the right sizes and colors, through the right channels. While tied to retail planning at a higher level, asso...
An assortment strategy is a strategic retail industry sales tool that optimizes the variety of goods offered for sale. This strategy is centered around the concepts of "a deep assortment" and "a wide variety." Product assortment strategies got their start in the context of brick-and-mortar sto...
Pricing strategies are the linchpin of retail success, and AUR is the guiding light in this arena. Retailers use AUR data to design compelling pricing strategies that resonate with customers. By understanding the average price at which items sell, retailers can set competitive yet profitable retail ...
A retail assortment strategy is an important part of pre-season planning. It may occur at any period. It depends on how a retailer defines its seasons and how frequently new inventory is introduced. For instance, a fast-fashion retailer will work at a faster, shorter cycle compared to a fu...
It’s also useful for when one-off events occur that can’t be included in any dataset, such as when a celebrity attends a store opening or a regularly occurring event is canceled. Rather than rely only on their internal expertise, retailers can also turn to outside experts, customer ...
Virtual shopping bridges the gap between online and in-store, bringing human connection to ecommerce experiences. The result is a true omnichannel experience that seamlessly merges online and brick-and-mortar.
A KPI, or Key Performance Indicator, is a metric used to measure performance. Retail stores use various KPIs to measure their activities. There is no particular set of KPIs that every retail store must use. Retail stores need to pick the right KPIs based on the outcome they want to ...
Family Dollar's urban stores are at a higher risk of retail theft or what the industry calls, shrink.家庭一元店的城市门店面临着更高的零售被盗风险，或者业内所说的缩水风险。We are dealing with high, high shrink numbers.我们面对的是非常非常高的收缩数字。Retail theft is a problem across the ...
Retail data solutions in Microsoft Fabric (preview)展开表 CapabilitiesDocumentation Configure Sitecore OrderCoud connector Configure Power BI and Eventstream Configure WebhooksOther updates:Bug fixes done in Store operations.June 2024Store Operations Agent in Copilot Studio...