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Tag Archives: Exception Management

black-friday-how-to-manage-inventory-and-enjoy-your-holiday-at-the-same-timeThanksgiving should be a holiday for all of us to take a much needed breather and spend some quality time with our friends and family. But if you work in retail, what should be a holiday usually turns into early mornings, late nights, or no vacation at all. In order for customers to shop on Black Friday, it takes others to leave their holiday early to stock shelves, man registers, or be on call for those on the front lines. Even the corporate office doesn’t get a break; if one store is open, there is someone back at the office too. With more stores open on Thanksgiving Day, more and more of us have to cut our holiday short.
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Is your Promotion Planning and Execution Process Out of Date?

Promotions are Vital for Greater Revenue and Reduced Inventory

In-Store trade promotions are the lifeblood of the supermarket industry and discount retailer. Trade promotions include products featured in ads and in-store circulars, products displayed on end of aisle caps or away from their normal shelf location, and products with temporary price reductions. They create Trial and Repeat Purchases AND create all important Impulse Sales. You know impulse sales; they are all of those items you purchased that were not on your shopping list!

According to a recent study from The Nielsen Company, 42.8% of grocery purchases are sold on promotion, up from 40.8% a year ago. Drug stores, too, sell a significant portion of products on promotion, with 40.4% of sales linked to displays and/or features. Read More