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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most. Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference.

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The Top 15 Retail Trends for 2022

ToolsGroup

Love it or hate it, daily necessities need to be purchased. eCommerce Purchases and “The New Normal” Retail Categories. Google’s findings align with McKinsey data (and, for what it’s worth, my browsing history), demonstrating apparel, cosmetics, household items, and pets as categories consumers intend to splurge.

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How to Prep Your Store for Peak Shipping Season + What to Expect

ShipBob

As customers expect more from their online shopping experience – free returns, free and fast shipping, and even share-worthy unboxing moments – those who keep up logistically will bring in more customers and keep them coming back. . Since it’s the season of gift-giving, expect a surge of ecommerce returns as well. . Black Friday sales.

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Shattering the Fallacy of “One-Number” Forecasts

Logility

From sourcing and production to logistics to marketing, most companies have long relied on a single foundational key performance indicator (KPI) to dictate how they fulfill their customer needs. A frequent conversation on forecasting best practices among demand planners is the growing concern over the use of “one number.”

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UAE’s Top eCommerce Companies

Vinculum

The company, renowned for its large selection of goods and competitive rates, also has a substantial reward points program that provides considerable savings on purchases. It includes their preferred items and brands, price comparison, and reading reviews intuitively. Established in 1979, Ounass.ae Established in 1979, Ounass.ae

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This Week in Logistics News (February 27 – March 3, 2017)

Talking Logistics

With corrected vision, here is the supply chain and logistics news that caught my attention this week: Longshoreman Union Leader Stalls Planned Work Shutdown (WSJ – sub. Boston startup raises $10M for retail software that predicts inventory needs (Boston Business Journal). How did I get here? Mexico Warns U.S.