The Profit Lab Blog

Covering trends, news, and best practices in the retail industry weekly

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Featured blog // Fashion Forward

#1: Clustering is Not Localization
#2:
Optimizing Size and Pack (Part 1)
#3:
Optimizing Size and Pack (Part 2)
#4:
“One Shot” Allocations Don’t Cut it
#5:
Linking Business Intelligence With Strategic Execution
#6:
Multichannel Retail Strategies
#7:
Multi-Level Distribution for Retail

Download a PDF of the full series HERE»

2011 Retail Analysts in Review //

#1: Deborah Weinswig, Citigroup
#2:
Marie Driscoll, Standard & Poor’s
#3:
Liz Dunn, FBR Capital Markets
#4:
Meredith Adler, Barclay’s Capital
#5:
Charles Grom, JPMorgan Chase
#6:
Matthew Fassler, Goldman Sachs

Download a PDF of the full series HERE»

Grocery Innovation //

#1: Simplifying the Complexity in Grocery Retailing
#2: Integrating Perishable and Non-perishable Supply Chain Systems

Hardlines Optimization //

#1: Clustering is Not Localization
#2: SKU Rationalization
#3: Seasonal Profiling, Understanding Your Long Term Forecast
#4:
The Death of Min/Max Replenishment

Download a PDF of the full series HERE»

This Retail Life: Changing the Game in Retail //

#1: A Watson for Retail
#2:
Insider Stories: Building Confidence for Guitar Center
#3:
Battling the Big Vendors Simply Takes a New Approach
#4:
Transformational Success for Retail Merchandise Optimization

Download a PDF of the full series HERE»

2011 Retail Analyst Predictions //

#1: Deborah Weinswig, Citigroup
#2:
Marie Driscoll, Standard & Poor’s
#3:
Liz Dunn, FBR Capital Markets
#4:
Meredith Adler, Barclay’s Capital
#5:
Charles Grom, JPMorgan Chase
#6:
Matthew Fassler, Goldman Sachs

Download a PDF of the full series HERE»

NRF 2011 Session Roundup //

Monday Sessions:

Retail’s Road to Recovery: Status Report on the Global Economy
Consumer 2020: What Lies Ahead for the Retail Industry?
Quantum Customer – Kohl’s discusses sustainability innovation
Are Augmented Reality and Other Customer-facing Innovations the Next New Retail Frontier?

PHOTO GALLERY»

Tuesday Sessions:

Closing the 10,000 Mile Supply Chain Gap: Are we there yet?
Tech for 2011: Online Virtual Fitting Rooms and Mobile Self Checkout
Retail Benchmarks from 2010, Forecasts for 2011
#1 Supply Chain Tech sought at NRF 2011: Assortment Planning Solutions

PHOTO GALLERY»

Download a PDF of the full series HERE»

Busting the Myths of Retail //

#1: Forecasting
#2:
Markdown Optimization
#3:
Business Intelligence
#4:
Clustering & Localization
#5:
Time to Value

Download a PDF of the full series HERE»

4 Strategies to Optimize Assortment Planning //

#1: SKU Rationalization: Determining the proper depth & breadth of an assortment
#2:
Clustering with localization in mind
#3:
Using forecasting within an assortment plan
#4:
Assortments and financial plans and how they work together

Download a PDF of the full series HERE»

Top 10 Ways to Pull Profit from Allocation //

Introduction: Why allocation is your best opportunity to improve revenue and profit
Strategy #1:
Understand your demand to achieve better allocations
Strategy #2:
Learn the unique behavior of each store before clustering it
Strategy #3:
Make time to analyze your assumptions for like products
Strategy #4:
Consider product life when creating allocations
Strategy #5:
Overcome limitations to forecasting by using better data
Strategy #6:
Update plans with changes in customer demand as frequently as possible
Strategy #7:
Test the opportunity in a second allocation shot in short life merchandise
Strategy #8:
Create product strategies to understand each store’s true need
Strategy #9:
Go beyond sales and inventory units to factor in profitability and other metrics
Strategy #10:
Use constraints that minimize work and maximize results
Conclusion:
Putting it all together

Download a PDF of the full series HERE»