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What are Retail Markdowns?

Wiser

Altering your price, particularly through markdowns, can be a smart strategy, but only if done correctly. Unsuccessful or excessive markdowns can lead to staggering losses in terms of missed revenue and a lower margin on your goods. What are Retail Markdowns? How to Implement a Markdown Strategy. Don’t believe us?

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The Retail Landscape Continues to Evolve — Data Departments Need to Keep Pace

Retail TouchPoints

This can be done through the effective use of granular data, which will in turn help retailers maintain customer loyalty and keep their revenues steadier, regardless of fluctuations in national consumer spending rates. With stubborn inflation squeezing the American consumer, times are certainly tough for the consumer.

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How RFID Powers Retail: Past, Present and Future

Retail TouchPoints

According to the researchers at the Auburn University RFID Lab, a typical brick-and-mortar retailer without RFID has about 60% SKU-level accuracy, which is simply not acceptable anymore to keep up with consumer demands for speedy fulfillment and a wide product selection. consumer reliance on ecommerce, in-store pickup, and self-checkout.?.

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What is Everyday Low Pricing?

Wiser

Everyday low pricing is a pricing strategy in which brands and retailers promise consumers that their prices will be consistently low, as opposed to having sporadic discounts or promotions. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns.

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Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. While many argue Forever 21’s demise is due to a more socially conscious consumer fast fashion retailers are as popular as ever. By 2018 Forever 21’s online sales were only 16% of total sales. and ultimately profitability.

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Top 4 Strategies to Maximize Your Sales During A Recession (2023)

Retalon

The average holiday shopping duration among consumers in the US has gone from an average of 7.1 weeks in 2018 to an anticipated 5.8 This said luxury items tend to fare well too during a downturn because of their exposure to high-income consumers, less affected by recessions. weeks in 2022 according to Statistica. The upside?