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Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

Additionally, shoppers are continuing to buy even after school has started to save on markdown items and stretch their budgets further. Consumers also are allocating more of their BTS budget to apparel and school supplies rather than pricey electronics, although belt-tightening is likely influencing decisions in multiple product categories.

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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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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

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.

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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

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).

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Is on-demand manufacturing the solution for a greener fashion industry?

Inside Retail

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. Currently, goods are shipped to ports, sent to warehouses, and stored until needed before being shipped out.”

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AOP Meaning in Modern Retail

Retalon

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.

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Walmart revises profit outlook for Q2, fiscal year

Mass Relators

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.