Why markdown optimization Is essential to store reopening strategies
If your brick-and-mortar stores are currently closed due to coronavirus restrictions, markdown should be an integral part of your strategy to return to profitability.
Store closures and demand decreases: Learning from the past to plan for the future
Learnings from the past crises are applied to help retailers facing store closures and demand decreases plan for the future after the pandemic.
Six improvement areas before the next supply chain crisis
The COVID-19 crisis has made clear that retailers, almost without exception, must make supply chain improvement an urgent priority going forward.
The new normal in ecommerce after COVID-19
Long-term implications of COVID-19 in ecommerce: Increased online sales, new partnerships and improved online fulfilment capabilities.
How RELEX has helped Italian customers weather the Coronavirus crisis
Our Italian country director shares his insights on how Italian customers faced the Coronavirus crisis and how RELEX helped them along the way.
The short-term strategy: Managing an increase in your online orders
While a sudden growth in online sales presents an opportunity to recoup lost in-store sales, it also poses a significant operational and logistical challenge.
Strategies to address demand variation between essential and nonessential goods
RELEX’s best practices for managing demand for essential and nonessential items within a single environment during these unusual demand patterns.
Q&A: Demand forecasting when demand goes crazy
Winsight Grocery Buisness interviewed our co-founder Michael about how a lean supply chain can recover from sudden demand increases.
Strategies to meet Coronavirus demand increases despite inventory scarcity
Retailers must maintain transparent, proactive relationships with their suppliers if they hope to maintain availability during coronavirus demand increases.
Effectively managing demand increases from the Coronavirus
No system, no matter how advanced, can accurately automate calculations when there’s no historical precedent on which to model forecasting.
Study highlights four grocery businesses improving retail sustainability
Fresh items attract customers, yet grocers lose over 1,5 percent of revenue to food waste. Waste reduction is not just about sustainability, but it also contributes to a healthier balance sheet.
Will endless aisles and better supply chain management negate Amazon’s edge?
After the 2019 holiday season, it's time to look what went right and what didn't, and take these learnings for the next season.
RELEX’s retail trend predictions for 2020
We predicted what could be the retail trends for 2020: increased focus on sustainability, AI growing ubiquitous, turbulence in the retail landscape, and more.
2019: RELEX’s year in review
Our Michael reminisces the year 2019 with its unprecedented achievements, fun moments and new additions to our global RELEX family.
Study of American grocers uncovers opportunity in competitive market
RELEX and EnsembleIQ surveyed leading North American grocers to understand how they view today’s competitive grocery market.
Optimizing inventory management for online retail
Online retailers need to make smart, data-based decisions on what to stock and what not, to manage their large catalogues of items available.
AI needs to be more than just a bright, shiny object
Rather than shifting tasks to customers, AI is put to best use by automating repetitive tasks to free up retail personnel for higher-value and customer-centric work.
How to convince your CIO to embark on your retail planning project
We interviewed a few CIOs to see what they thought were the corner stones of new system implementations and wrote down the recurring themes concerning retail planning.
Recapture sales from digital players by improving out-of-stocks
Traditional retailers can recapture sales from digital players who have significantly lower service levels by ensuring great availability in stores.
Making the most of markdowns
Markdowns cost retailers billions, yet they are essential in the world of retail. To make most of it, retailers need to maximize margin and avoid excess stock.
Frictionless retail and the new grocery supply chain
Running a grocery business has changed fundamentally: The days of working on intuition have passed, and the days of data analytics and frictionless retail are here.
Pragmatic AI for better retail decisions
With AI hype going on, many forget that AI doesn't matter, but the results do. We now use pragmatic AI when describing how we use data for better decisions.
Overcome challenges in managing product assortment in drug stores
Years ago, a store may have stocked between 7,000 and 8,000 over-the-counter SKUs. Today, retailers have to account for and optimize anywhere between 15,000 and 20,000 SKUs.
Future-proof your technology strategy
Retailers are no longer interested in major system replacements. Instead, there's a trend toward implementing in parts rather than as a whole.