Remove Advertising Remove Markdowns Remove Store Operations
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AI in Action: How Retailers are Transforming Demand Forecasting with New Tech

Retail TouchPoints

Retailers are well aware that having too much inventory in the wrong store, or not enough in the right one, affects not just sell-through but labor costs and store operations. These mismatches also create the need for either markdowns or additional shipping costs to get the products to where they are more likely to be sold.

Markdowns 216
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Off-Price Quarterly Results Showcase Benefits Of ‘Essential Retailer’ Status

Retail TouchPoints

While the retailer incurred additional expenses from associate bonuses and other COVID-19-related expenditures, Dollar General was able to reduce markdowns, on top of benefiting from increased purchase volume. Unlike some other retailers , Dollar General’s selling, general and administrative (SG&A) expenses actually dropped, to 20.5%

Markdowns 162
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15 Tips to Succeed as Brick-and-Mortar Retail Reopens

Wiser

Log on to social media, buy advertisements, post notes on your door, and spread the word that you’re coming back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. Instead, a lot of that has been left sitting in the back of stores or warehouses and needs to go somewhere once you open again.

Markdowns 120
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50 MORE Ideas to Spin the Doors on Your Stores!

Retail Adventures

Store Operations 27. Don’t wait too long to take a markdown. Use your bag stuffers to advertise specific product, events or whatever is important that week. Keep a stash of frequently forgotten items at the cashwrap. Now, when a customer says, “I forgot to get _, I’ll get it next time.”

Returns 83
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50 Ideas to Spin the Doors on Your Stores!

Retail Adventures

Store Operations 27. Don’t wait too long to take a markdown. Use your bag stuffers to advertise specific product, events or whatever is important that particular week. Keep a stash of frequently forgotten items at the cashwrap. Now, when a customer says, “I forgot to get _, I’ll get it next time.”