Retail TouchPoints

SEPTEMBER 17, 2021

Online retailers also are enhancing their ability to get the most out of each transaction: Retailers are getting more people to hit ‘buy,’ with conversion now at 4.1% Shoppers are making larger purchases , with average order value up 13% at $169. on desktop (up 1%) and 1.9% on smartphones (up 3.7% ) in the first eight months of 2021.

Consumer 262

Consumer Home Furnishings Apparel Markdowns 262

Inside Retail

APRIL 1, 2025

We never found that [a sitewide sale] is the right approach in the apparel space because that is giving away margin on good products that people pay good prices for, Pavone explained. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

Promotions 130

Promotions Finance Markdowns Drop-Shipping 130

Retail TouchPoints

JUNE 18, 2020

OVERTIME by DICK’S Sporting Goods locations will offer an assortment of apparel, footwear and equipment at up to 75% off. The location will stock brands including Nike , Adidas and Under Armour , with additional markdowns added throughout the year to keep inventory fresh. Spartanburg, S.C. and Racine, Wis.

Sporting Goods 179

Sporting Goods Markdowns Apparel Discount Store 179

Retail TouchPoints

OCTOBER 15, 2021

this year alone, representing approximately 21% of the total women’s apparel market. According to Edited, the total number of consumers deemed “plus-sized” is set to grow at twice the rate of the rest of the market. There is no standardization across the industry and inconsistent sizing leads to markdowns and returns.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Retail TouchPoints

SEPTEMBER 29, 2022

Here, we look at some of the initiatives — transparent sourcing, greater demand forecasting, recommerce and sustainable packaging — retailers are using to be more sustainable. Not to mention the billions spent by brands to ensure products do not end up at unauthorized retailers — and, in some instances, to incinerate unsold stock.

Fast Fashion 362

Fast Fashion Fashion Consumer Markdowns 362

Retail TouchPoints

APRIL 6, 2022

They want to be certain they’re making the right purchase, so help them arrive at that decision with full confidence. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” Shoppers should be able to quickly locate pertinent product information.

Checkout 299

Checkout Markdowns Apparel Promotions 299

Inside Retail

SEPTEMBER 3, 2024

In this article, we will look at the benefits and the key areas to apply AI in the retail industry. AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

DECEMBER 22, 2022

However, brands should resist the urge to enact markdowns done in sweeping waves of arbitrary rates with the hope of selling as much as they can before moving to the next tier. Field leads operational execution, people and customer partnerships at MakerSights. Field started his career as a consultant at Bain & Co.,

Retailing Pricing 278

Retailing Pricing Consumer Markdowns Marketing 278

Retail TouchPoints

NOVEMBER 3, 2020

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. In one example, an apparel brand observed that its customer churn was increasing and attempted to slow the decline with aggressive win-back promotions. We are now at a similar inflection point for retailers.

Markdowns 245

Markdowns Promotions Management Marketing 245

Retalon

MARCH 21, 2025

Promotional calendars: Planning key campaigns, promotions, and markdown events throughout the year to drive sales and clear seasonal inventory. For example , A specialty apparel retailer may align on a KPI such as 8% revenue growth while keeping markdowns below 15%, using the AOP as a performance framework for every team.

Markdowns 41

Markdowns Finance Promotions Planning 41

Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. The pressure shows up most in terms of profit which, at net income level, fell by 28 per cent this quarter.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Retail TouchPoints

MAY 28, 2020

The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. However, the retailer has reported “very strong initial sales” at its more than 1,500 reopened stores, and it was able to negotiate rent deferrals with many of its landlords.

Markdowns 162

Markdowns Discount Store Finance Apparel 162

Wiser

AUGUST 27, 2019

For example, one women’s apparel retailer uses AUR to determine whether prices are properly optimized. In this case, perhaps decreasing prices slightly is the better course of action, as there’s not enough consumer demand—or desire—to buy more units at your current prices. How to Use the Average Unit Retail Metric.

Markdowns 94

Markdowns Apparel Outdoor Promotions 94

Inside Retail

JULY 4, 2023

That’s particularly true of the athletic footwear and apparel business in a growth market like China, where there are a lot of new entrants and the early movers are beginning to seriously sweat the competition. Nike, the market leader, is shrugging it off. Its sales in China in FY23, which concluded on 31 May, were US$7.2

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Inside Retail

AUGUST 24, 2023

While the apparel market has been challenged, this is a far worse performance than average and represents a significant erosion of market share,” he said. Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. billion as its market share continues to erode.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Mass Relators

AUGUST 15, 2022

Walmart has cut about 200 jobs at its corporate headquarters in what a spokesperson characterized as a way to “better position the company for a strong future.”. The increasing levels of food and fuel inflation are affecting how customers spend and, while we’ve made good progress clearing hardline categories, apparel in Walmart U.S.

ATS 52

ATS Markdowns Apparel Advertising 52

Inside Retail

SEPTEMBER 25, 2024

Roger Lee, CEO of TAL Apparel, told Inside Retail the traditional manufacturing process forces brands to make their purchasing decisions six to nine months in advance, essentially forecasting future demand. Typically, for a shirt or polo, from the time a customer orders to when they receive it at home, it’s about 10 to 14 days.”

Fashion 130

Fashion Shipping Markdowns Consumer 130

Inside Retail

DECEMBER 19, 2023

According to the Pulse of the Fashion Industry report by Global Fashion Agenda & Boston Consulting Group, global apparel production is projected to rise by 63 per cent by 2030, from 62 million tonnes today to 102 million tonnes – equivalent to more than 500 billion additional T-shirts. The rent is a lot lower.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

SGN Magazine

AUGUST 14, 2021

M ark Girardy stocks both name-dropped and generic plush at the gift shops he oversees at the National Mississippi River Museum and Aquarium. But at zoos and aquariums, that logo can pay for itself; it’s the difference between just another stuffed toy and a genuine memento. It’s always huge at the gift shop, too.

ATS 52

ATS Markdowns Apparel Management 52

Indigo 9 Digital

FEBRUARY 28, 2023

Retail is littered with stories like this one, about companies that were once at the top but are no longer relevant. It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. Commenting on the growth of Shein TechCrunch wrote : “[Shein] manufactures in China as many apparel retailers do.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Mass Relators

JULY 26, 2022

The company projects lower earnings primarily due to pricing actions aimed at improving inventory levels and altering the sales mix at its Walmart and Sam’s Club outlets in the United States. is requiring more markdown dollars. . — Walmart has revised its profit outlook for its second quarter and fiscal year 2023.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Retail Minded

FEBRUARY 24, 2022

Then, once the order is placed, they want to be able to stay in control by checking the order; adding or removing items; or having the option to change a delivery address or method without having to listen to terrible ‘hold music’ at a call centre for hours upon end. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE. brands like Google Cloud? ;

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111

Mass Relators

MAY 30, 2024

The overall increase included growth in the consumables category, partially offset by declines in home products, seasonal, and apparel categories. Dollar General reported gross profit as a percentage of net sales at 30.2%, down from 31.6% Per-share profit was $1.65, compared with expectations of $1.57.

Markdowns 52

Markdowns Apparel Fulfillment Marketing 52

Indigo 9 Digital

SEPTEMBER 1, 2022

representing the fastest growth in at least a decade and sales so far this year have been strong. But in 2020 Marks & Spencer opened up its website to outside apparel brands. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. respectively.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retail Adventures

OCTOBER 22, 2020

Walmart has announced it is offering Black Friday sales beginning online at Walmart.com on Wednesday, November 4. The stores will open at 7:00 AM on Black Friday, the general opening time for the majority of its stores. Use props to create a holiday theme, changing your windows at least once a month during the busy holidays.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Mass Relators

JUNE 19, 2023

Looking ahead, we feel good about our position, and are taking action to better serve our core customer, which is our most important calling at Dollar General,” he said. Same-store sales gains included growth in the consumables category, partially offset by declines in the seasonal, home and apparel categories. compared to 31.3%

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52

Retalon

OCTOBER 8, 2020

But first, let’s take a look at what reducing inventory really means, and why it matters. And at the end of the sales season (or at the end of a product’s lifecycle), markdowns you set to clear out excess inventory can easily wipe out the product’s lifecycle profitability. Looking at past performance only gets you so far.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Mass Relators

MARCH 27, 2023

Sales of seasonal items were flat at $4.2 Apparel, however, decreased 19.4% During the year, consumables sales jumped 14.8% million, or 80% of the total top line. million, while home products inched up 0.4% Operating profit consequently advanced 3.3% billion for the year. Net income for the year edged up 0.7% billion, or $10.68

Markdowns 52

Markdowns Apparel Planning Consumer 52

Retalon

MAY 10, 2024

There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat. Decide at which level the budget will be set. A similar scenario exists in retail.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat. Decide at which level the budget will be set. A similar scenario exists in retail.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

SEPTEMBER 11, 2020

Fashion and apparel retailers are also dealing with distribution of sizes, colors, and styles, all of which are complicated further by shifting seasonality. Often resulting in inventory distortion that lead to lost sales and costly markdowns. Let’s take a look at each of these in a little bit more detail.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Mass Relators

JUNE 1, 2023

Looking ahead, we feel good about our position, and are taking action to better serve our core customer, which is our most important calling at Dollar General,” he said. Same-store sales included growth in the consumables category, partially offset by declines in each of the seasonal, home, and apparel categories.

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52

Retalon

MARCH 2, 2021

What sizes should you offer for each product at each location? If you run out of stock on winter jackets at your busy locations, you will not have an accurate gauge as to what your true demand was last year and you will repeat the same mistake in your forecast for next year. . How seasonal is your business? Do you run promotions?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

FEBRUARY 21, 2025

Buckle up as we look at those implications. Penney representative stated: JCPenneys core customer cannot afford to pay an additional 25% tax on apparel, footwear and household goods Increasing taxes on hundreds of basic clothing items and home goods will hurt all moms who dont have inexhaustible disposable income. Okay, okay!

Markdowns 41

Markdowns Planning Inventory Management Drop-Shipping 41

M19 Retail

MARCH 22, 2021

carrying costs, markdowns, shrink, etc.). Several leading global retailers in the fashion/apparel and cosmetics verticals have already decided to take advantage of this partnership and incorporate weather-driven in their existing Mi9 Retail environments. About Mi9 Retail. How to Quantify the Value Impact of a Technology Investment.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 3. Logistics and fulfillment challenges.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32