Retail TouchPoints

JULY 26, 2022

Profitable categories like apparel may require deeper discounts to stimulate sales, which will further eat into margins. 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.

Markdowns 308

Markdowns Apparel Marketing Consumer 308

Retail Dive

SEPTEMBER 2, 2022

The athletics apparel brand didn’t rely on markdowns during the quarter and will soon release a membership program, according to CEO Calvin McDonald.

Markdowns 98

Markdowns Apparel 98

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 157

Sporting Goods Markdowns Apparel Discount Store 157

Retail TouchPoints

SEPTEMBER 17, 2021

The apparel category saw particularly marked price hikes in both July (up 15.26% ) and August (up 15.52% ), two months in which apparel prices typically drop amidst summer markdowns and back-to-school promotions.

Consumer 258

Consumer Home Furnishings Apparel Markdowns 258

Retail TouchPoints

SEPTEMBER 1, 2023

Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. The retailer also saw a staggering 24.2% drop in operating profit to $692.3 Gross profit as a percentage of net sales was 31.1% in Q2 2023, down from 32.3% in Q2 2022.

Markdowns 261

Markdowns Apparel Planning Consumer 261

Inside Retail

SEPTEMBER 3, 2024

AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

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. This applies especially to apparel where brand loyalty isn’t as strong as it is for sneakers.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Retail TouchPoints

OCTOBER 15, 2021

this year alone, representing approximately 21% of the total women’s apparel market. The business case is clear, but the looming question for apparel brands and retailers is: How do we make inclusivity a tangible — and profitable — business strategy? billion in the U.S. Inclusion Definitions Expanding Beyond Sizing.

Consumer 284

Consumer Merchant Services Markdowns Fulfillment 284

Retail TouchPoints

SEPTEMBER 29, 2022

To help address this, some retailers have been using advanced artificial intelligence (AI) to improve forecasting capabilities and optimize markdown processes to reduce product waste. One example is IKEA, which through the use of AI for smarter demand forecasting can now predict how much the business will sell in the future with 98% accuracy.

Fast Fashion 362

Fast Fashion Fashion Markdowns Consumer 362

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. How does it work?

Fashion 130

Fashion Shipping Markdowns Consumer 130

Retail TouchPoints

APRIL 6, 2022

An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” The end goal of product pages is to make that item — be it an electronic, a piece of apparel or a pair of shoes — as irresistible as possible.

Checkout 293

Checkout Markdowns Apparel Promotions 293

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

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.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

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. a year earlier, with the result hurt by higher markdowns and an increase in inventory lost or damaged due to theft, breakage or other factors.

Markdowns 52

Markdowns Apparel Fulfillment Marketing 52

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

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 183

Drop-Shipping Merchant Services Fulfillment Shipping 183

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.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

Mass Relators

AUGUST 15, 2022

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. is requiring more markdown dollars.

ATS 52

ATS Markdowns Apparel Advertising 52

Wiser

AUGUST 27, 2019

For example, one women’s apparel retailer uses AUR to determine whether prices are properly optimized. “My customers won’t always tell me when they’re going to discount an item or have some sort of pricing approach,” an outdoor apparel retailer explained to Wiser.

Markdowns 94

Markdowns Apparel Outdoor Promotions 94

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. Today, retail is more complicated, with more variables than ever before.

Markdowns 244

Markdowns Promotions Management Marketing 244

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. MakerSights’ mission is to radically reduce waste in the retail industry by helping brands leverage consumer data to make products that people love.

Retailing Pricing 274

Retailing Pricing Markdowns Consumer Marketing 274

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. Dollar General saw its net sales rise 27.6% billion in Q1 2020, while same-store sales jumped 21.7% during the same period. of net sales, compared to 22.5% in Q1 2019. in Q1 2019.

Markdowns 143

Markdowns Discount Store Finance Apparel 143

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Decide at which level the budget will be set.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Decide at which level the budget will be set.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Mass Relators

JUNE 19, 2023

Same-store sales gains included growth in the consumables category, partially offset by declines in the seasonal, home and apparel categories. Gross profit as a percentage of net sales was 31.6% compared to 31.3% in the first quarter of 2022, an increase of 34 basis points.

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52

Mass Relators

JUNE 1, 2023

Same-store sales included growth in the consumables category, partially offset by declines in each of the seasonal, home, and apparel categories. The same-store sales increase was driven by an increase in average transaction amount, partially offset by a decrease in customer traffic. Gross profit as a percentage of net sales was 31.6%

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52

SGN Magazine

AUGUST 14, 2021

Along with plush, the store’s best-sellers include name-dropped apparel; one sweater featuring a cheetah and a rhinoceros “flies off the shelves,” noted Banks. Wildlife Safari Gift Shop Lead Serina Preach, photographed with an apparel display featuring a paw design. I’ve actually had to order it three times already.”. Winston, Ore.,

ATS 52

ATS Markdowns Apparel Management 52

Mass Relators

JUNE 21, 2021

Same-store sales of consumables, which account for more than 75% of the top line, fell during the quarter, but, as Vasos noted, key nonconsumable categories of apparel, seasonal and home products all registered growth. Moreover, the same-store sales decline reflects a comparison to last year’s 21.7% surge in the wake of the COVID-19 pandemic.

Payment Services 52

Payment Services Markdowns Apparel Accounting 52

Mass Relators

MARCH 27, 2023

Apparel, however, decreased 19.4% Sales of seasonal items were flat at $4.2 million, while home products inched up 0.4%

Markdowns 52

Markdowns Apparel Planning Consumer 52

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. Often minimizing markdowns in the process. Unifying Fashion Analytics.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Mass Relators

MARCH 16, 2023

Same-store sales in the fourth quarter of 2022 included growth in the consumables category, partially offset by declines in each of the apparel, home, and seasonal products categories. Same-store sales increased 5.7% Gross profit as a percentage of net sales was 30.9% in the fourth quarter of 2022 compared to 31.2%

Markdowns 52

Markdowns Consumer Apparel Planning 52

Mass Relators

MARCH 17, 2022

Same-store sales in the fourth quarter of 2021 declined in each of the apparel, consumables, seasonal, and home products categories. These factors were partially offset by a reduction in markdowns as a percentage of net sales and higher inventory markups. Same-store sales decreased 1.4% in the fourth quarter of 2021 compared to 32.5%

Payment Services 52

Payment Services Markdowns Apparel Planning 52

Retalon

OCTOBER 8, 2020

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. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Mass Relators

DECEMBER 12, 2022

The increase reflected growth in the consumables category, partially offset by declines in the apparel, seasonal and home products segments. The same-store sales gain primarily resulted from an increase in average transaction amount, as well as a modest increase in customer traffic. Gross profit as a percentage of net sales was 30.5%

Drop-Shipping 52

Drop-Shipping Markdowns Planning Apparel 52

Mass Relators

AUGUST 25, 2022

Same-store sales in the second quarter of 2022 included growth in the consumables category, partially offset by declines in each of the apparel, seasonal, and home products categories. Same-store sales increased 4.6% Gross profit as a percentage of net sales was 32.3% in the second quarter of 2022 compared to 31.6%

Markdowns 52

Markdowns Apparel Consumer Planning 52

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.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retail Minded

FEBRUARY 24, 2022

Orders need to be fulfilled in real-time, taking into account last-minute changes from the customer while keeping a close eye on cut-off times. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE.

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111