Off-price Solution Description
Retail at discount prices is growing faster than any other retail sector. What is off-price retail and why is it so successful? We'll walk you through off-price shopping and explain why it is so attractive to both brands and consumers. INTURN is the only enterprise inventory optimization software that allows brands to sell slow-moving inventory to retailers quickly and recover cash more efficiently. Find out more about INTURN and how it can optimize your off-price company. Brands may have excess inventory that they cannot sell at full price (or at a slight discount) in their stores. In order to have proper cash flow, they must find a way for this inventory to be sold. They often look to off-price stores to purchase their product at 40%-60% off the wholesale price. They will usually take whatever they can for their unwanted goods.
Off-price Solution Alternatives
Inventory Planner by Sage
You can keep your best sellers on the shelves by having enough inventory to meet demand. To reinvest in your most successful products, you can release cash that is stuck in slow-moving items or in excess stock. Based on key factors like lead time, out-of-stock days, seasonality, and many other factors, you can determine exactly what products you need to reorder. With a central view of all your sales channels, inventory locations, and other information, you can replenish the correct products whenever your business needs it. For more accurate predictions about seasonal products, use the seasonal forecasting method. Non-seasonal forecasting is best for products that sell consistently month-to-month. You can also set your own time period and calculate sales trends. Stockouts history provides super accurate demand predictions. Forecasts are calculated based on the availability of an item, excluding days when it was out-of-stock.
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Rewards Network
Rewards Network partners with some of the most powerful loyalty programs in the world to bring full-priced guests to your restaurant. No discounts or promotional offers required. Our dining members earn rewards from world-renowned retail and travel partners for every dollar spent at your restaurant. We offer reward currencies from the world's most influential airlines, hotels, and retail brands. To reward our exclusive community of over 20 million dining members. Spend more in our network of 17,000 restaurants. Spend up to 24% more than average in our network of 17,000 restaurants. Spend 2.5x more on your credit card than the average consumer. Write verified online reviews, and you'll return to restaurants 20% higher when a representative replies to them. Rewards Network members get rewarded for spending, not just taking advantage of special offers. You only pay when we bring full-priced guests to your restaurant.
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SKYPAD
SKYPAD is trusted by wholesalers and retailers around the world for faster execution and better insight. With the ability to quickly access the right data at any time, buyers and brands can make confident decisions in season to increase sales, reduce markdowns and offer a balanced and targeted shopping experience to consumers. SKYPAD Multi Retailer: A service that allows brands to consolidate and report inventory and sales data from multiple retailers and sources. SKYPAD Single retailer: A subscription for retailers that allows them to access sell-through performance data using SKYPAD. This replaces emailed merchant reports. SKYPAD Retailers: This service allows multi-brand retailers to easily share sales and inventory data with suppliers and merchants.
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Syrup
AI-powered recommendations for fashion/apparel planning and allocation. Syrup’s AI-powered recommendation engines helps brands maximize sales at full price and minimize excess inventory. Real-time transactions and events enhance the power of your past sales. Syrup can be used to ingest any data source that provides a signal for forecasting. Let the computers handle big data. Our advanced machine-learning models accurately predict seasonality and trends, and they are constantly getting smarter. There's no such thing as a one-size-fits all. Syrup algorithms can be adapted to the needs of each brand and are flexible enough to be updated on-the-go. Syrup's real time recommendations for allocations, replenishment, rebalancing and reorders will help you make confident decisions faster. Syrup can increase revenue by increasing full-price sales. Automated recommendations can help you make better, faster decisions about inventory planning.
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Integrations
No Integrations at this time
Company Details
Company:
INTURN
Headquarters:
United States
Website:
www.inturn.com/off-price/
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Product Details
Platforms
SaaS
Mac
Windows
Type of Training
Not Offered
Customer Support
Not Offered
Off-price Solution Features and Options
Retail Management Software
CRM
Commission Management
Email Marketing
Employee Management
Loyalty Program
Mail Order
Merchandise Management
Multi-Location
Order Management
Purchase Order Management
Reporting/Analytics
Returns Management
eCommerce
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