How COVID-19 Will Impact Softline Retailers
Softline retailers have been battling store closures and traffic declines in malls for several years. They have made moves to shift toward experiential retailers. They have deployed omni-channel capabilities like buy online pickup in store (BOPIS) and buy online return in store (BORIS) to drive traffic and deliver a seamless experience for customers. Ultimately, softline retailers were just starting to see the light at the end of the tunnel… until COVID-19 coronavirus arrived.
Improving Livelihood during Crisis with Retail Forecasts
As with hand washing, what might be deemed standard needs to be reevaluated for quality in your forecasts. Even if you are not consistently managing your exceptions and tuning your forecasts right now, these critical set of steps will ensure the cleanliness and usefulness of your demand forecasts for the next week, month and year ahead.
Key Takeaways from NRF 2020
Well, it’s that time of the year again – where we have the opportunity to unite with 40,000 of our closest retail friends and take a pulse on the industry. Now that the keynotes are complete, the booths are coming down, and we’ve all exhausted…
Leveraging AI to Minimize Markdowns [Video]
Artificial intelligence (AI) is changing the face of the markdown process today. By gathering real-time demand data — and combining it with data on current inventory levels and margin targets — AI-enabled solutions from JDA can replace permanent markdowns with short-term promotional prices that maximize…
4 Questions with IKEA Food’s Digital Transformation Leader, Lars Gunnarsson
NRF 2020 is right around the corner, and we are thrilled to highlight our customer IKEA Food in their digital transformation journey in our booth, 4237. We sat down with Lars Gunnarsson, deputy managing director and digital transformation leader, IKEA Food, to get a deeper…
2020 Vision: Three Keys to Retail Success in the New Year
As NRF approaches, retailers need to recognize three key facts about the retail environment that will determine their success or failure in 2020. It’s appropriate that NRF, Retail’s Big Show, is scheduled for early January. The dawn of a new year is the perfect time…
5 Retail Trends to Keep Your Eyes on in 2020
As we settle into the new decade, we look back on all the transformative activity within the retail industry over the course of 2019 and look forward to how it will shape the rest of 2020. The ongoing trade war with China, holiday and consumer…
Getting Proactive with Markdowns [Video]
Predicting demand, and creating markdown strategies, for items with short life cycles — such as winter apparel — have traditionally depended on historic sales data and regression analysis. Today, clustering algorithms from JDA can help you predict demand and create markdowns more accurately, based on…
Meet the New Convenience Store Shopper
Today’s C-store customers are a different breed, with a new generation of wants and needs. How well do you understand and address these shoppers’ preferences? There’s no doubt that convenience stores have experienced a radical transformation. Once a specialty source for gasoline, cold beverages and…
Price Elasticity: Your New Strategic Weapon [Video]
How much are consumers really willing to pay? And which products can capitalize on flexible pricing to stimulate demand? New capabilities from JDA leverage artificial intelligence (AI) to support fact-based decisions about price elasticity, helping you transform agile pricing into a competitive weapon. Explore how…