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Assortment planning is the process to determine what and how much should be carried in a merchandise category. Assortment plan is a trade-off between the breadth and depth of products that a retailer wishes to carry. Assortment optimization refers to the problem of selecting a set of products to offer to a group of customers to maximize the ...
The main characteristics of a company's product assortment are: [4] (1) the length or number of products lines the number of different products carried by a store (2) the breadth refers to the variety of product lines that a store offers. It is also known as product assortment width, merchandise breadth, and product line width.:
RPAS is the foundation for a significant number of applications [2] [3] that are part of the Oracle Retail solution footprint, such as Oracle Retail Demand Forecasting, Oracle Merchandise Financial Planning, Oracle Assortment Planning, Oracle Item Planning, Oracle Size Profile Optimization, Oracle Replenishment Optimization and Oracle Advanced ...
The shopping floor is a bewildering jumble of merchandise, much of it stacked high above your head, still in its cardboard boxes. ... The product assortment is more than twice what it is in stores ...
Most modern retailers typically make a variety of strategic level decisions including the type of store, the market to be served, the optimal product assortment, customer service, supporting services, and the store's overall market positioning. Once the strategic retail plan is in place, retailers devise the retail mix which includes product ...
The layout of a store is a significant factor for the maintenance of a thriving business, which can help advance sales and profitability. An effective store layout encourages consumers to shop the entire store [17] and view an extensive assortment of merchandise. [18]
In retail commerce, visual display merchandising means merchandise sales using product design, selection, packaging, pricing, and display that stimulates consumers to spend more. This includes disciplines and discounting , physical presentation of products and displays, and the decisions about which products should be presented to which ...
Focusing in on some Q3 category highlights at our 3.0 stores, we saw a 7% comp across our full seasonal assortment, including a 10% comp for Halloween-specific products.