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What is Off-price Solution?

The off-price retail industry is experiencing rapid growth, raising questions about its meaning and the key elements behind its success. In this brief overview, we will delve into the off-price retail concept and highlight the factors that make it appealing to both brands and shoppers. INTURN emerges as the only inventory optimization platform that allows brands to successfully sell off slow-moving and surplus inventory to retailers, enabling them to recoup cash more swiftly. By utilizing our innovative solution, you can significantly enhance your off-price business operations. Brands often face the challenge of excess inventory that does not sell at full price or even after markdowns in traditional retail, prompting them to seek strategies for monetizing this surplus to maintain healthy cash flow and sustain their operations. As a result, many brands turn to off-price retailers, who purchase these excess goods at deep discounts, often between 40% to 60% below the wholesale price, and accept whatever terms are available for these surplus items. This relationship not only aids brands in moving their inventory but also provides off-price retailers the opportunity to deliver enticing deals to cost-conscious consumers, creating a win-win scenario for all parties involved. As the off-price sector continues to thrive, understanding these dynamics becomes increasingly important for those looking to navigate this evolving market.

What is CloudESL?

Alibaba Cloud integrates its sophisticated technologies and best practices into the Cloud Electronic Shelf Label (ESL) system, which is designed to boost the efficiency of retail operations and management within the evolving retail environment. The CloudESL provides immediate price updates and customizable templates tailored to various usage scenarios, allowing it to present essential information such as current stock levels, product specifications, order updates, display content, and QR codes. In addition, the system utilizes LED notifications to inform retailers about promotional offers, out-of-stock items, and the picking process. Through a centralized management approach, CloudESL streamlines the oversight of product information, pricing tactics, marketing initiatives, store layouts, roles, and access permissions. This cutting-edge solution also features centralized operations and maintenance (O&M), relieving stores from the demands of extra IT tasks. Moreover, CloudESL adds value through services that include display management, category optimization, smart picking, and dynamic pricing adjustments, ultimately leading to improved retail performance and enhanced customer satisfaction. By leveraging these functionalities, retailers can not only optimize their operations but also foster deeper engagement with their clientele, paving the way for a more responsive and adaptive retail experience.

Media

Media

Integrations Supported

Alibaba Cloud
SAP Store

Integrations Supported

Alibaba Cloud
SAP Store

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

INTURN

Company Location

United States

Company Website

www.inturn.com/off-price/

Company Facts

Organization Name

Alibaba Cloud

Date Founded

2008

Company Location

China

Company Website

www.alibabacloud.com/product/cloudesl

Categories and Features

Retail Management

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

Categories and Features

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