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 311

Markdowns Loss Prevention Customer Experience Inventory Management 311

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

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 278

Markdowns Retailing Pricing Promotions Fulfillment 278

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 264

Markdowns Promotions Planning Target Market 264

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 264

Markdowns Outdoor Apparel Planning 264

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

MARCH 17, 2025

Demand is typically the most important piece of input that goes into the operations of a company, said Rupal Deshmukh, a Partner in the Strategic Operations practice at Kearney in an interview with Retail TouchPoints. The consumer gets better service at potentially lower costs, the company gets more efficiency and profit.

Markdowns 216

Markdowns Inventory Management Marketing Consumer 216

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 288

Markdowns Advertising Marketing ATS 288

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 277

Markdowns Management ATS Marketing 277

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 264

Markdowns Location Planning ATS 264

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 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 302

Fulfillment Markdowns Store Operations Customer Experience 302

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 259

Markdowns Promotions Apparel Shopping 259

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

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 147

Promotions Markdowns Planning Retailing Pricing 147

Inside Retail

APRIL 1, 2025

Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product. Landlords are not coming to reality with where the market is at the moment. Forever News Pavone raised another lingering pandemic-related cost increase rental rates on commercial properties.

Promotions 130

Promotions Finance Markdowns Drop-Shipping 130

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 317

Markdowns Apparel Marketing Consumer 317

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 263

Returns Markdowns Fulfillment Consumer 263

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 251

Markdowns Fulfillment Shipping Marketing Spend 251

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 286

Fulfillment Drop-Shipping Shipping Markdowns 286

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 265

Markdowns Technical Support Promotions Consumer 265

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 290

Consumer Merchant Services Markdowns Fulfillment 290

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 259

Markdowns Planning Promotions ATS 259

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 243

Location Markdowns Accounting Promotions 243

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

JANUARY 19, 2022

Burberry is continuing to make inroads with a younger demographic, reporting a 26-per-cent lift in sales of goods at full-price in the latest quarter driven by new customers.

Markdowns 246

Markdowns Shopping ATS 246

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

Retail TouchPoints

FEBRUARY 15, 2023

“We created the Ai.Retail platform several years ago [to offer retailers] a repository of capabilities that teams could quickly pull off the shelf as they’re figuring out what to do with all their data,” said Jill Standish, Global Retail Lead at Accenture in an interview with Retail TouchPoints. “So

Merchant Services 290

Merchant Services Markdowns Store Operations Planning 290

Retail TouchPoints

MARCH 3, 2023

at its flagship banner and up 5.8% at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. at its flagship banner and up 5.8% Beauty sales were a bright point at both businesses. during Q4, but they were up 0.6%

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311