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. Lessons from the Digitization of the Trading Floor.

Markdowns 245

Markdowns Promotions Management Marketing 245

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 192

Drop-Shipping Merchant Services Fulfillment Shipping 192

Retail TouchPoints

APRIL 6, 2022

Time-sensitive or exclusive items can be promoted on an aisle endcap. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” In a brick-and-mortar setting, high-margin products can be displayed prominently on a shelf.

Checkout 299

Checkout Markdowns Apparel Promotions 299

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

Wiser

AUGUST 27, 2019

For example, one women’s apparel retailer uses AUR to determine whether prices are properly optimized. Or, you can offer a sales promotion to move more units if shoppers aren’t responding to core pricing changes. The total revenue must be post-markdown to reflect its price at sale. Closing Thoughts.

Markdowns 94

Markdowns Apparel Outdoor Promotions 94

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. Anticipate the activities for the sales period: If you are aware of upcoming promotional activities, you’ll need to adjust to reflect demand accordingly. 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. Anticipate the activities for the sales period: If you are aware of upcoming promotional activities, you’ll need to adjust to reflect demand accordingly. Decide at which level the budget will be set.

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. Imagine a retailer runs a big promotion on a popular winter jacket brand.

Fashion 41

Fashion Markdowns Promotions Accounting 41

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

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. 5. Failed retail promotions.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

SEPTEMBER 1, 2020

Without historical data to draw upon, how do you predict the best way to allocate them to stores, pricing, promotional demand, and balance online versus in-store sales? Co-marketing funds you receive require investments in store merchandising and promotional campaigns. – all costly mistakes. What should initial pricing look like?

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retail Adventures

AUGUST 16, 2022

We’re talking Non-Stop Traffic-Building, Profit-Producing, Attention-Grabbing, Sales-Generating, Competition-Miffing, Customer-Winning Retail Events and Promotions™ like our Guys Night Out, The 12 Days of Christmas, 50% Off Coupon Event, the previously mentioned Create Your Own Coupon Sale and Cash Register Receipt Auction.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retail Adventures

OCTOBER 22, 2020

These signs include the promotional and event signs that are meant to be hung for a limited amount of time. Try a Buy $25 in gift cards, get a $5 gift card for free or Buy $50 in gift cards, get a $10 bonus card promotion. Be prepared for markdowns and returns. Zone Two Signs are hung just above the shoppers’ eye level.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Retalon

SEPTEMBER 11, 2020

For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. The demand forecast informs plans for more accurate product assortment decisions, promotional strategies, and more. Demand Forecasting Methodologies.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retail Geek

FEBRUARY 28, 2023

Extraordinarily inexpensive apparel and you know inexpensive tchotchkes that you probably didn’t know you need but like if you start browsing the side it for a.m. Jason: [2:00] Social shopping exactly and so it’s super interesting and they’re doing really well so they launched an e-commerce site in the u.s. percent so. [31:38]

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52

Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. When you change the promotion, the system should know about your inventory level. Bob Johns: Interesting. So how can we account for all these factors?

Markdowns 32

Markdowns Promotions Planning Accounting 32

Retalon

DECEMBER 8, 2021

Textbooks don’t need to languish on shelves and be subject to drastic markdowns, while students are turned away at the out-of-stock university bookstore. At the other end, analytics solution vendors provide solutions for planning, inventory management, as well as, pricing and promotions. Order Processing.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Indigo 9 Digital

FEBRUARY 28, 2023

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. If you can’t move all of the inventory then markdowns are required which eats into sales per sq.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

MARCH 2, 2021

What channels do you promote through? Do you run promotions? Run a promotion last year that you don’t plan for this year? This has been the typical ineffective approach fashion and apparel retailers have taken for decades. What are your customer profiles? What channels do you sell through? How do you handle returns?

Fashion 41

Fashion Markdowns Promotions Accounting 41