Remove Drop-Shipping Remove Markdowns Remove Shipping
article thumbnail

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. Traditionally, your parents loaded up the car and dropped you off at the beginning of the [college] school year with everything you would need” throughout the year, said Clayton.

Markdowns 336
article thumbnail

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?

Markdowns 128
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Your Fulfillment Strategy Healthy Enough to Keep Pace with Customer Expectations?

Retail TouchPoints

It was no longer enough to route orders to a handful of DCs and drop ship vendors. Doing extensive online research, and then opting for the speed of curbside pickup over ship to address? The picture gets even blurrier when you try to define what exactly constitutes a digital transaction.

article thumbnail

How to Align Markdowns with Psychological Pricing and Marketing 

Wiser

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. Free shipping with a minimum threshold can also help increase average order value.

Markdowns 180
article thumbnail

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

Retail TouchPoints

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. What can the retailer learn from and improve?

article thumbnail

More recessions lessons from Greenlit Brands, Camilla, Super Retail

Inside Retail

Some of these retailers have gotten into trouble because they foresaw the challenges of the supply chain – the shortage of containers and container ships – and they overspeculated on their inventory, which is just a gamble. Drop in exciting product regularly to encourage repeat traffic. Cash is king. Know your demographics.

article thumbnail

Meet Lindsay Nicholas, the fashion designer bringing NY edge to Melbourne

Inside Retail

With luxurious touches, such as a VIP area with velvet chairs, a personal shopping service, and free domestic shipping for in-store customers, Nicholas calls it “one of the most elegant stores” she has ever seen. In the US, women are more averse to a drop-crotch pant, which in Australia is more common. This gives us more flexibility.

Fashion 130