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.
Integrations
Similar Software to Off-price Solution
RetailEdge
RetailEdge is an intuitive and comprehensive point of sale (POS) and inventory management software tailored for retail enterprises, developed by High Meadow Business Solutions. This platform encompasses multi-location capabilities, seamless credit card processing, website integration, and mobile POS functionality, alongside gift card management features. It also supports secure mobile payment options like Apple Pay and EMV, while integrating with various e-commerce platforms for streamlined order processing, price adjustments, and gift card management tasks.
What sets us apart?
1. A one-time payment for the software eliminates ongoing fees.
2. The hybrid software architecture keeps all data locally stored, ensuring quick real-time access even during internet outages or slow connections.
3. It includes a complimentary hour of training with real experts, aimed at organizing your inventory effectively and guiding you through the myriad of robust tools available to enhance your business growth.
4. Optional ongoing support and updates are tailored to meet your business requirements affordably.
5. Our integrated credit card processing is equipped with the latest features, designed to secure the lowest transaction fees, enabling you to maximize your savings.
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Price2Spy
Price2Spy stands out as a leading global pricing software that provides an extensive range of functionalities, encompassing everything from collecting product pricing and supplementary data to implementing automated repricing systems, as well as offering alerts and reports that deliver valuable insights in real-time.
For businesses dealing with a vast array of products or facing intense competition across various sectors, Price2Spy’s eCommerce pricing software can be a reliable ally, enabling you to entrust all operational tasks to our dedicated team. Presently, we assist retailers and brands in over 40 countries with their pricing intelligence needs, facilitating growth in profit margins and helping them stay ahead of competitors.
By streamlining automatic price adjustments, Price2Spy not only saves precious time but also empowers your pricing team to concentrate on strategic management and planning, ultimately enhancing overall efficiency and effectiveness in pricing strategies. This combination of features ensures that businesses can adapt swiftly to market changes while maximizing their profitability.
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Indigo8
Indigo8 has the ability to manage your inventory and oversee the complete product lifecycle, from production through to sales. By collaborating with essential wholesale, accounting, and e-commerce systems, we provide you with an integrated, easy-to-use solution that significantly reduces daily administrative tasks. Our platform guarantees that inventory levels are consistently updated throughout your organization. We also improve the management of open inventory across different locations, which contributes to increasing sales, lowering costs, and automating the restocking process. With our system, you can effortlessly synchronize inventory across numerous online stores, enabling retail locations to access real-time stock data and process orders smoothly. This integration allows customers shopping in physical stores to explore all available inventory without complications. Additionally, we strive to create a unified shopping experience where customers can buy products online or in-store, return items through either channel, and earn loyalty points across all platforms. Ultimately, Indigo8 not only streamlines the shopping experience but also enhances customer satisfaction and loyalty, making it easier for businesses to thrive in a competitive market. This holistic approach ensures that both retailers and their customers benefit from a seamless shopping journey.
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Omnia Retail
Effortlessly design and streamline your pricing approaches to meet your sales and profit objectives with Dynamic Pricing. Collaborating with Omnia Retail provides you with more than mere software solutions; you gain a dedicated partner focused on your achievements. Our adaptable Dynamic Pricing software caters to your specific requirements, whether you manage a specialized product range or a comprehensive inventory. The Pricing Strategy Tree™ makes it easy to develop sophisticated pricing methodologies while keeping track of their effectiveness, all without needing IT skills. Your pricing team can confidently take complete control of the process. We guarantee access to high-quality pricing information from your competitors and various marketplaces, including Amazon, eBay, Kaufland, idealo, and more, alongside comparison-shopping platforms like Google Shopping. This wealth of data equips you with a comprehensive understanding necessary for refining your price optimization strategy. Such insights empower your business to remain competitive and responsive in a dynamic market environment.
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Screenshots and Video
Company Facts
Company Name:
INTURN
Company Location:
United States
Company Website:
www.inturn.com/off-price/
Product Details
Deployment
SaaS
Mac
Windows
Training Options
Not Offered
Support
Not Offered
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English
Off-price Solution Categories and Features
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