Off-price Solution Description
The off-price retail sector is expanding at an unprecedented rate, but what exactly does it entail, and what contributes to its remarkable success? In this concise overview, we will explore the concept of off-price retail and uncover the factors that attract both brands and consumers. INTURN stands out as the sole enterprise inventory optimization platform that enables brands to effectively unload slow-moving and surplus stock to retailers, allowing them to recover cash more rapidly. Discover how our solution can enhance your off-price operations. Brands often grapple with surplus inventory that remains unsold at full price or even at reduced prices in retail environments, necessitating a strategy to monetize this excess stock for healthy cash flow and business viability. Consequently, they frequently turn to off-price retailers, who purchase these goods at substantial markdowns ranging from 40% to 60% off the wholesale price, accepting whatever terms are available for their surplus items. This dynamic not only benefits brands seeking to clear inventory but also empowers off-price retailers to offer attractive deals to budget-conscious consumers.
Off-price Solution Alternatives
Price2Spy
Price2Spy is one of the global pioneering pricing software offering the full scope of features from gathering product pricing and additional product data to automated repricing mechanisms, along with alerts and reports for clients to get the most meaningful insights in real-time.
If your business offers a large number of products and/or encounters fierce competition, no matter the industry, you can rely on Price2Spy eCommerce pricing software and leave all operational processes to our team. Currently, we support retailers and brands in 40+ countries with pricing intelligence, helping them grow profit margins and outsmart competition.
Price2Spy makes automatic price adjustments easy to perform saving your most valuable resource - time, allowing your pricing team to focus on strategic planning and management.
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RetailEdge
RetailEdge is a simple-to-use and feature-rich point to sale (POS) and inventory software solution for retail businesses. RetailEdge is a product of High Meadow Business Solutions. It offers multi-location support, credit card processing, website integration and mobile POS. Gift card management capabilities are also included in the suite. The solution supports mobile and secure payments such as Apple Pay and EMV. It also integrates with multiple ecommerce platforms for efficient order processing, price updates, and gift card management capabilities.
How are we different?
1. One time-fee for the software.
2. Hybrid software, with all local data, to ensure you have fast real-time access to all your data when the internet is down or, more often, slow.
2. Comes with an hour of free training with real people. This includes making sure your inventory is structured properly and familiarizing you with the many powerful tools that will help you grow your business.
3. Optional on-going support and updates, designed to affordably fit your business needs, not the other way around.
Integrated credit card processing with the most modern features and developed to get you the lowest rates so that you save money.
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Syrup
Syrup provides AI-driven insights for planning and inventory allocation specifically tailored to the fashion and apparel industry. By adhering to the principle of minimizing waste, Syrup’s intelligent recommendation system enables brands to maximize their full-price sales while effectively reducing surplus stock. The impact of your historical sales data is significantly enhanced through the incorporation of real-time transactions and current events. Any relevant data source that contributes valuable insights can be seamlessly integrated into Syrup’s platform. Let the complexities of data analysis be handled by advanced algorithms, allowing our sophisticated machine learning models to predict seasonal trends with increasing accuracy. Just like a skilled tailor understands the uniqueness of each garment, Syrup’s algorithms are customized to meet the distinct requirements of each brand, offering flexibility to adapt as circumstances change. Speed up the decision-making process with Syrup’s instant recommendations for inventory allocation, replenishment, rebalancing, and reorder strategies. Additionally, Syrup can help recover lost revenue by enhancing the sell-through rate of full-priced items. Make informed and rapid inventory planning choices with the assistance of automated recommendations, ensuring your brand remains competitive and responsive in a fast-paced market. This innovative approach not only streamlines operations but also fosters sustainable practices within the fashion industry.
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Rewards Network
Rewards Network collaborates with leading loyalty programs globally to draw in full-price customers to your establishment. Our dining members earn rewards from prestigious travel and retail partners for each dollar spent at your restaurant, eliminating the need for discounts or promotional deals. We supply reward currencies from the most impactful airlines, hotels, and retail brands, aimed at motivating our exclusive community of 20 million dining members. These members tend to spend an average of 24% more compared to regular customers at our 17,000 restaurants. Additionally, their annual credit card expenditures are 2.5 times greater than those of the average consumer. Members are also more likely to write verified online reviews and return to restaurants 20% more often when they receive a response from a representative. Unlike typical loyalty programs, Rewards Network members are encouraged to increase their spending rather than just redeeming offers. You incur costs only when we successfully bring in full-price guests to your venue, making it a risk-free investment for your restaurant. This unique model ensures that your restaurant benefits from increased traffic while fostering deeper connections with a dedicated dining audience.
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Integrations
Company Details
Company:
INTURN
Headquarters:
United States
Website:
www.inturn.com/off-price/
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Product Details
Platforms
Web-Based
Mac
Windows
Types 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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