Retail TouchPoints

DECEMBER 6, 2024

This initiative is aimed at our mature stores that are not yet old enough to be part of the full remodel pipeline. Dollar General has struggled in the last year as lower-income households have pulled back on discretionary spending, while at the same time it has been fielding a host of consumer complaints about the condition of its stores.

Planning 282

Planning Customer Experience Markdowns Kiosk 282

Retail TouchPoints

JANUARY 7, 2021

These insights are a powerful way to gauge consumer demand for sustainable products with current and past sales data, identify the most profitable promotional strategies, and minimize markdowns and waste from the start. Businesses can then better predict and measure markdown results while dynamically updating markdown plans.

Markdowns 324

Markdowns Promotions Consumer Planning 324

Inside Retail

NOVEMBER 27, 2024

However, many consumers only appear willing to buy if there’s a significant markdown involved, so where does that leave retailers? This presents a unique opportunity for us to offer great value at a time when customers are looking for ways to stretch their dollars further. It also provided customers with more time to shop these deals.

Markdowns 241

Markdowns Promotions Advertising Department Stores 241

Retail TouchPoints

AUGUST 13, 2024

Let’s take a look at how this progression works in several areas of the retail organization. AI in Marketing: Creating Compelling, Engaging Content at Scale AI has revolutionized content marketing for retailers.

Markdowns 309

Markdowns Loss Prevention Customer Experience Inventory Management 309

Retail Adventures

JANUARY 20, 2021

Just because you fell in love with that item when you saw it at the last trade show you attended it doesn’t guarantee it will sell once it hits your sales floor. Let’s take a look at the things you can do to move merchandise that isn’t selling: What’s your turn? Let’s say you have an item that’s currently priced at $25.00

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Retail TouchPoints

AUGUST 19, 2021

We’ve done our Future Consumer Index seven times during COVID-19 and at this point, 19% say they have no fear at all [about COVID-19] and 33% say they’ll feel more comfortable in the next six months,” Orschell said in an interview with Retail TouchPoints. However, availability of products continues to be a challenge for many retailers.

ATS 296

ATS Markdowns Consumer Social Commerce 296

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 276

Markdowns Retailing Pricing Promotions Fulfillment 276

Retail Focus

FEBRUARY 4, 2025

For example, when you shop online at Amazon or ASOS, you’ll notice that the recommendations are specific to your browsing and buying behaviour. It also allows retailers to tailor pricing at an individual level. This reduces overstocking and the need for massive markdowns. This improves productivity and reduces costs.

Inventory Management 162

Inventory Management Markdowns Checkout Customer Experience 162

Retail TouchPoints

APRIL 27, 2021

The solution also will help Sally Beauty create more effective promotions through enhanced targeting and develop profitable markdown plans. The partnership comes as Americans look to freshen up their appearance for the post-pandemic future.

Markdowns 263

Markdowns Promotions Planning Target Market 263

Retail TouchPoints

JUNE 17, 2024

will deploy the Base Price and Markdown pricing solutions from Revionics , an Aptos Company , to help scale optimized pricing across its 2,200 stores and ecommerce site. The scale and sophistication of Revionics, along with the ability to price at a localized level, have been extremely strategic for our business.” Tractor Supply Co.

Markdowns 263

Markdowns Outdoor Apparel Planning 263

Wiser

AUGUST 15, 2017

In a perfect retail world, markdowns wouldn’t be necessary and every item would sell at full price within weeks of being in store. This is where markdowns come in handy, as the demand for a product diminishes, sales can encourage shoppers to purchase an item they wouldn’t have considered buying at full price.

Markdowns 90

Markdowns Promotions Planning Shipping 90

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 235

Outdoor Markdowns Apparel Fulfillment 235

Inside Retail

AUGUST 27, 2024

billion while other segment’s sales stood at $356 million. Big W’s sales remained flat amid markdowns to clear the autumn/winter range. Woolworths’ profit decline was a contrast with the improvement at archrival Coles, where both sales and profit increased last year. Its Australian food segment sales increased 5.6

Net Profit 275

Net Profit Markdowns Supermarket ATS 275

Retail TouchPoints

JUNE 28, 2024

chains , including competitor Michaels , in announcing permanent markdowns on more than 15,000 products. “‘And’ And’ is a powerful three -letter word that represents the endless possibilities of product and inspiration that customers can find at Joann,” said Chris DiTullio, Chief Customer Officer of Joann in a statement. “We

Markdowns 286

Markdowns Advertising Marketing ATS 286

Retail TouchPoints

AUGUST 17, 2022

Inventory markdowns weighed on Target in Q2 2022 as its net earnings dropped to $183 million , down almost 90% from its Q2 2021 performance. However, comparable sales growth was positive (if modest) at both retailers, with Target growing 2.6% Inventory levels remained slightly elevated, at $15.3 Grocery Sales Surge at Walmart.

Markdowns 275

Markdowns Management ATS Marketing 275

Retail TouchPoints

AUGUST 1, 2024

The deployment is designed to reduce the risk of markdowns and stock shortages while also limiting the impact of underperforming products. First Insight’s platform gives us fast, actionable insights into our customers’ preferences, which has already provided significant value.”

Markdowns 263

Markdowns Location Planning ATS 263

Retail TouchPoints

OCTOBER 11, 2021

With seasonal items in particular, missing the mark on pricing, even if only a little, often results in excess stock on hand that has very weak demand, necessitating markdowns. Michaud launched his career with 16 formative years at IBM in a variety of sales, marketing and solution executive roles. [i]

Markdowns 261

Markdowns Promotions Retailing Pricing Marketing 261

Wiser

AUGUST 24, 2017

They are also a way to ensure markdowns and promotions are effective. If your markdown and sale patterns become obvious to your consumer, they will wait for those markdowns and hold off on shopping until a promotion rolls around. They tested selling women’s clothing priced at $35 and $39. Don’t Follow a Pattern.

Markdowns 180

Markdowns Marketing Drop-Shipping Promotions 180

Inside Retail

JULY 6, 2023

Local customers can see what is on sale in their neighbourhood supermarkets and actively participate in reducing waste in their community “Typically, retailers have to rely on shoppers sporadically finding a markdown in store while preoccupied with their shopping. The Gander app is available for download on iOS and Android devices.

Grocer 264

Grocer Consumer Markdowns Supermarket 264

Retail TouchPoints

APRIL 26, 2022

Spanish children’s clothing retailer Charanga will deploy the Nedap iD Cloud platform at all owned stores, franchised stores and displays inside El Corte Inglés locations in Spain, Portugal and Italy. The technology also is expected to help reduce waste and lead to fewer markdowns.

Markdowns 246

Markdowns Shipping Location Shopping 246

Retail Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Retail TouchPoints

NOVEMBER 29, 2022

Under the new market delivery model, large items are shipped directly from DCs to the customer, reducing the number of “touches” for each order and freeing up space at brick-and-mortar stores. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

Fulfillment 300

Fulfillment Markdowns Store Operations Customer Experience 300

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores. .);

Markdowns 258

Markdowns Promotions Apparel Shopping 258

Inside Retail

JUNE 1, 2021

Seskin, whose father, JD Sports Australia chairman Hilton Seskin, is a strategic advisor to TheDOM.com, declined to name the brands that will be available at launch, but said the team has been “hand-picking” the ones it wants to work with. “We’ve Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Shopping 246

Retail TouchPoints

SEPTEMBER 23, 2024

Are certain promotions more effective at increasing basket sizes, while others drive more frequent visits? Optimize Markdowns Proactively Markdowns are a necessary part of retail, but they should be approached with a proactive strategy.

Promotions 146

Promotions Markdowns Planning Retailing Pricing 146

Retail TouchPoints

JULY 26, 2022

This potential bellwether for retail as a whole caused share prices to drop at multiple leading companies, including Walmart, Amazon and Target , as investors prepared for a slower second half of the year. is requiring more markdown dollars,” said Doug McMillon, President and CEO of Walmart in a statement.

Markdowns 316

Markdowns Apparel Marketing Consumer 316

Retail TouchPoints

MARCH 14, 2023

That means online retailers in particular should be on the lookout for ways to minimize the costs returns incur as well as the number of returned items that come in , since minimizing markdowns during a tough economic climate is one area where return minimization strategies can have an impact on the retailer’s bottom line. “

Returns 261

Returns Markdowns Fulfillment Consumer 261

Retail TouchPoints

NOVEMBER 25, 2020

At Mejuri, we view data as a strategic asset, especially when it helps us create more compelling customer experiences,” said Majed Masad, COO at Mejuri in an interview with Retail TouchPoints. Mejuri uses the real-time tracking to swiftly, and fluidly, pivot strategies. “A

Markdowns 249

Markdowns Fulfillment Shipping Marketing Spend 249

Retail TouchPoints

OCTOBER 3, 2023

It was at that point that putting the technology and operations in place to fulfill from an increasingly complex supply chain network embarked upon its next frontier. This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today.

Fulfillment 284

Fulfillment Drop-Shipping Shipping Markdowns 284

Retail TouchPoints

SEPTEMBER 15, 2020

Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior. If you look at grocery stores as an example, many retailers were forced to sell eggs at a loss because their wholesale costs increased dramatically.

Markdowns 264

Markdowns Technical Support Promotions Consumer 264

Retail TouchPoints

OCTOBER 15, 2021

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. Edited’s data points to a severe gap in the market creating a feeling of “otherness” among a significant consumer base that has an expanding share of wallet, according to Kayla Marci, Market Analyst at Edited.

Consumer 287

Consumer Merchant Services Markdowns Fulfillment 287

Retail TouchPoints

MARCH 8, 2023

The retailer is aiming to eliminate slow-selling items evenly throughout the year rather than making a large push at the end of each season. The decline was primarily driven by clearance markdowns of approximately 750 basis points, according to CFO Jill Timm. in Q4 2022.

Markdowns 257

Markdowns Planning Promotions ATS 257

Retail TouchPoints

MAY 30, 2023

Comparable sales at Journeys plummeted 14% , dragging the company’s overall comparable sales down 5% despite positive results from the Schuh and Johnston & Murphy banners. Inventories increased 17% year-over-year at these banners, but the increase was attributed to fueling rapid growth. Genesco’s gross margin was 47.3% in Q1 2023.

Location 242

Location Markdowns Accounting Promotions 242

Inside Retail

MARCH 1, 2023

Rising materials and freight costs as well as stronger US dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector. The post Puma sees 2023 profit at about last year’s level as costs weigh appeared first on Inside Retail. Puma’s shares fell 2.6

Markdowns 130

Markdowns Sporting Goods ATS Promotions 130

Retail Focus

FEBRUARY 27, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 147

Markdowns Supermarket Grocer Store Operations 147

Inside Retail

MARCH 5, 2025

Lendrum brings a wealth of experience to the role, having previously held positions at Saint Laurent, Gucci and Ralph Lauren as president for the North American market. The retail industry at large is excited to see how the French luxury retailer will play out in the North American market. We dont want this to be a markdown experience.

Retail Marketing 130

Retail Marketing Department Stores Marketing Markdowns 130

A1 Retail

FEBRUARY 28, 2025

Differs (stand #E40) A predictive AI SaaS solution that optimises discounts for each product, allowing retailers, including Sephora and H&M, to sell more at higher prices, protecting margins and optimising markdowns to generate sell-through. Register for free to attend, here.

Markdowns 65

Markdowns Promotions Grocer Location 65