Thought Provoking Consulting (TPC)’s Post

"Businesses that fail to start acting now will be playing catch-up in the years to come, whilst early adopters will be able to make faster, more accurate, personalised, data-driven, and profitable decisions." Our recent blog explores the implementation of AI in retail, and why it's better to get started sooner rather than later. Go to our website for more great insight: https://bit.ly/3ZSdEen #AIRetail #RetailInnovation #RetailConsulting

As it's Boss Appreciation Day, we thought we would show some recognition to our leadership team. 🎉 Thank you for your hard work, expertise, and dedication to delivering forward-thinking retail consulting and solutions. Are you looking for support? Our team has a collective retail experience of 100+ years. Go to our website for more information about how we can help your business: https://lnkd.in/ejQYtudr #BossAppreciationDay #TeamAppreciation #LeadershipMatters

Are you using integrated planning to master your seasonal markdowns? 🤔 State-of-the-art AI technologies can be used to provide more insight to boost the effectiveness and profitability of your markdown strategy when clearing out excess stock. Some of the benefits of using integrated planning include: ✔️ Data-Driven Markdown Strategy ✔️ Strategic Inventory & Markdown Timing ✔️ Coordinated Omni-Channel Marketing & Pricing ✔️ Continuous Optimisation & Feedback Loops 👉 Looking to start your integrated planning journey? Get in touch with us: https://bit.ly/4ebAvFH #IntegratedPlanning #SeasonalMarkdowns #RetailStrategy

Excited to showcase the transformative outcomes of our recent partnership! 👀 Together, we've achieved significant milestones across three projects, driving sales, margins, and stock efficiencies to new heights. Our tailored expertise continues to deliver impactful solutions. Discover how TPC is transforming businesses with actionable solutions. https://lnkd.in/ejQYtudr #ClientSuccess #DataDrivenDecisions #Testimonial #ClientFeedback #Retail #Consulting

Advanced technology and tooling are revolutionising how the retail sector predicts the future demand for products and services. What methods are your business using? Let us know! 👇 #DemandForecasting #MarketTrends #BusinessStrategy

Provide enhanced customer experience with Thought Provoking Consulting! With a collective retail experience of 100+ years, our team of experts works to understand and solve your problems to create exceptional retail experiences that drive loyalty and revenue. ➡️ Go to our website to learn more about us: https://lnkd.in/ejQYtudr #CustomerExperience #RetailExperience #RetailStrategy

Explore the pivotal role of automation in driving sustainability in retail in our latest blog. Rediscover how automation optimises resource utilisation, reduces carbon footprints, and enhances overall sustainability, all while aligning with ethical standards and exceptional customer service. Dive into the ethical considerations, impact on customer service, and the accountability brands must uphold to truly make a difference in sustainability efforts. Learn how innovative approaches like Digital Product Passports and data utilisation are shaping the future of sustainable retailing. https://lnkd.in/eRtnBqJK #RetailSustainability #Automation #EthicalRetail

Is the second half of 2024 looking more cheerful for the retail sector? 👀 Recent years have been the most challenging retail has ever seen and soft demand has undoubtedly reflected weakened spending power. While there are clear signs the outlook is improving, especially the prospect of a better Golden Quarter and Christmas, it must come with a health warning. Read our latest blog for more great insight: https://lnkd.in/gSNvqmfb #Retail #RetailInnovation #TheFutureOfRetail

Achieving harmonious omnichannel experiences with us! 🔽 🔽 🔽 Omnichannel is a word often used to describe the integration of strategy across physical and digital retail, with the goal of a seamless customer experience. While this concept is not new, there has been a lack of detail on what needs to be done to achieve this goal. Read more: https://lnkd.in/exWpN7uH #OmnichannelExperience #OmnichannelStrategy #RetailConsultancy

Mark-down is a pivotal part of the retail trading cycle. It is usually viewed as a necessary cost, but is less often seen as an opportunity. The pressures of soft demand and over-capacity make getting the numbers right more imperative than ever. The opportunity lies in the potential of tech to extract a much better return from mark-down trading. At TPC, we have developed a unique mark-down service that optimises price and cadence and achieves maximum sell-through and margin. Typically our service generates +5% sell-through and +18% more cash margin by trading at +11% average selling price. It leverages data science and AI to deliver a level of detail and agility not possible using the usual manual approaches. Trading decisions can be overlaid, but they must be driven and validated by hard data. Our service is already making mark-down the star performer for retailers like White Stuff. We are hosting a dinner, in Central London on Wednesday 16th October, where we will be discussing the challenges and opportunities optimised mark-down management presents and showing how our data-driven service works. 🍽️ ➡️ Get in touch to find out more about our upcoming dinner by emailing info@tpc-group.com. #Networking #MarkDown #RetailStrategy #RetailTrading