Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future.

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Consumer Markdowns Planning Shopping 246

Retail TouchPoints

OCTOBER 15, 2021

But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. That means brands and retailers need to tackle some of the innate legacy issues that have hindered inclusivity in fashion. billion in the U.S.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Inside Retail

APRIL 1, 2025

Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product. 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.

Promotions 130

Promotions Finance Markdowns Drop-Shipping 130

Inside Retail

SEPTEMBER 25, 2024

As the fashion industry grapples with the pressing issue of waste reduction, brands are increasingly turning their attention to innovative solutions that can be implemented on a broader scale. A growing number of made-to-order brands includes Australian-based Citizen Wolf, Spanish fashion label Alohas, Benjamin Fox and Olivia Rose.

Fashion 130

Fashion Shipping Markdowns Consumer 130

Inside Retail

DECEMBER 19, 2023

Hear the phrase ‘fashion waste’ and most people immediately associate it with the fast-fashion industry producing products with short lifespans, ultimately destined for landfills. Meanwhile, sustainable fashion business models like resale, rental and repair only unravel the post-consumer garment waste problems.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

Inside Retail

JANUARY 26, 2022

New York fashion designer Lindsay Nicholas started her business seven years ago as a side hustle while working in marketing in Singapore. Here, we chat with Nicholas about what sets the New York fashion scene apart, how her business fared in Covid, and why she’s committed to physical retail. What brought you to Melbourne?

Fashion 130

Fashion Drop-Shipping Boutique Markdowns 130

Inside Retail

MARCH 5, 2025

“Laura’s experience in luxury, fashion, digital and hospitality is a perfect match for us,” said Bellaiche. We dont want this to be a markdown experience. The retail industry at large is excited to see how the French luxury retailer will play out in the North American market.

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Retail Marketing Department Stores Marketing Markdowns 130

Retail TouchPoints

NOVEMBER 8, 2022

Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. A 3D modeling technology like True Fit, used in most online fashion sites, allows the consumer to get an accurate picture of the correct garment fit.

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Returns Markdowns Inventory Management Customer Experience 306

Retail TouchPoints

MARCH 3, 2023

“In the fourth quarter, we benefited from our disciplined inventory approach and compelling gift-giving strategy, which allowed us to provide fresh fashion and style at great values for all our customers,” said Jeff Gennette, Chairman and CEO of Macy’s in a statement. “We

Markdowns 311

Markdowns Operating Expenses Department Stores Planning 311

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Inside Retail

APRIL 17, 2023

From essentials – at the supermarket and the petrol pump, in the mortgage and in the power bills – to the not-so-essentials, such as the local café, the fashion boutique, the travel agent and the new car dealer. Tread carefully because markdowns will bite hard if you misjudge stock weights.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Inside Retail

SEPTEMBER 3, 2024

AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Wire

MAY 18, 2021

The fashion label is planning to offer additional features include customized patterns and logos over the next year. David Lauren, the company’s chief innovation and branding officer and vice chairman of the board, said that the customized polos will enable the company to reduce waste, limit inventory and cut markdowns on the brand.

Markdowns 100

Markdowns Fashion Planning 100

Retail TouchPoints

JUNE 26, 2023

And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. Doesn’t that sound amazing?!

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

Inside Retail

FEBRUARY 9, 2022

For discretionary retailers – fashion, homewares, sporting goods and the like – the balancing act is harder. Managing new opening price points, discounts, markdowns, and the resulting final margins in an inflationary environment is a challenge not faced by Merchandise Planners in the past 20 years.

Planning 130

Planning Markdowns Sporting Goods Shipping 130

Retail Focus

DECEMBER 8, 2021

Meanwhile, 54% of 25-34 year olds cut back on fashion spend due to either job or financial uncertainties, +12% higher than the typical UK shopper.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Planning 41

Retail TouchPoints

NOVEMBER 3, 2020

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.

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

Retail Times

NOVEMBER 16, 2021

While discounting strategies are often blamed for depleting fashion retailer’s already slim margins, markdowns can drive brand discovery among shoppers, grow ambient sales and increase long-term loyalty, the latest research from antuit.ai, the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals.

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Fashion Markdowns 52

Retail Gazette

JANUARY 8, 2024

The retailer bolstered its online offer last month by adding 10 new third-party fashion brands to its website including Quiz, Yumi and Vanilla with more planned for later this year. It comes as Matalan saw its second quarter EBITDA skyrocket 30% to £47.9m, which it attributed to a tight control of markdowns, effective cost management and a 0.8%

Markdowns 111

Markdowns Fashion Planning Management 111

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.

Markdowns 130

Markdowns Sporting Goods ATS Promotions 130

Retail Times

MAY 13, 2021

versus FY2018/19), full-price comparable store sales grew by 7% as its focus on streetwear attracted younger shoppers and resonated well with consumers, and the reduction of markdowns boosted its brand equity.

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Markdowns Returns Fashion Consumer 76

Inside Retail

MAY 30, 2024

As Hirata remarked, “Often you can’t, that’s why brands do markdowns like discounts or sample sales, or even why inventory sometimes goes straight to the landfill.” In fact, that’s a large part of what drew Hirata to the brand. Prior to joining the team, had been acting in the role of chief executive officer at Diane von Furstenberg.

Markdowns 130

Markdowns Wholesale Planning Consumer 130

Retalon

SEPTEMBER 11, 2020

In today’s landscape, when a new fashion retail trend latches on, companies need to have the ability to make the right decisions quickly. So, why is advanced analytics so successful and what is the difference between the traditional approach and this new advanced approach to fashion analytics? Fashion Retail’s Unique Challenges.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Inside Retail

AUGUST 25, 2022

Laura Inman, non-executive director at Super Retail Group and chair of Melbourne Fashion Festival. Non-executive director, Super Retail Group , and Chair, Melbourne Fashion Festival. All too often, especially if there are supply chain challenges, retailers will be reluctant to take the deep markdowns required to clear the stock.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Inside Retail

MARCH 15, 2022

Store grading – retail stores all come in different sizes and locations with varying customer demands: fashionability, location and price for example. Reduce markdown activity through planning width (number of options) and depth (units per option) of range. This is all managed by the store grading. More on this later.

Planning 130

Planning Markdowns Store Layout Location 130

Inside Retail

FEBRUARY 25, 2025

She referenced Michael Kliger, the CEO of German online luxury retailer MyTheresa, who said in a recent episode of The Business of Fashion podcast, We are not bidding for traffic I mean, I hope no one does anymore. Were not bidding for revenue. Many companies still bid for revenue. We are bidding for customers.

Markdowns 130

Markdowns Customer Retention Boutique Fashion 130

Retalon

FEBRUARY 5, 2025

In addition to the rise of fast fashion and seasonal items, trend-driven products have further shortened product life cycles. learn more… Fewer Markdowns Minimize profit loss from excess inventory. For example, suppose a fashion retailer detects a sudden spike in demand for a particular style or color.

Planning 41

Planning Markdowns Marketing Fulfillment 41

Retail Gazette

OCTOBER 20, 2023

a year earlier as the retailer attributed the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. Matalan has seen its revenue rise 0.8% to £288.6m in its second quarter despite the ongoing cost of living crisis dampening consumer spending habits.

Markdowns 98

Markdowns Management Consumer ATS 98

365 Retail

JULY 16, 2021

Sales at high-end fashion brand Burberry have returned to pre-pandemic levels despite some restrictions for Covid-19 still remaining in place, the company revealed. Gigi Hadid and Kendall Jenner during the Burberry show at last year’s London Fashion Week (Aaron Chown/PA).

Returns 75

Returns Markdowns Fashion Wholesale 75

Retalon

MARCH 2, 2021

Business-Specific Analytics & AI for Fashion Retailers. But let’s be honest, what do fast food restaurants, automotive, luxury fashion, and an online pharmacy have in common? The one constant in fashion retailing is that there are no constants. The word “retail” gets used interchangeably as if all retailers are all the same.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Inside Retail

JUNE 30, 2023

We believe that further markdowns and write-downs will be needed as Nike enters its new fiscal year which will heap further pain on the bottom line. This applies especially to apparel where brand loyalty isn’t as strong as it is for sneakers. Even so, these actions will not be enough to quickly remedy the inventory overages.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Inside Retail

AUGUST 24, 2023

Embattled US fashion company Gap has reported an 8 per cent decline in second-quarter sales to US$3.55 Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. billion as its market share continues to erode. Over the past two years, Gap’s sales are down by 15.7

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Inside Retail

JUNE 20, 2023

Similarly, AI can analyse social media images and fashion magazines to identify emerging trends, helping retailers stay ahead of the curve and stock products that will interest customers. The Louis Vuitton mobile app, for example, enables users to take photos of a Louis Vuitton bag and then shows them how and where to purchase it.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Inside Retail

JULY 4, 2023

The fashion element is also huge: Chinese consumers love bright colours and conspicuous designs, predilections that the sneaker manufacturers eagerly service. Nike, Adidas and Puma are, of course, heavily invested in the global marketplace and China is only one part of it.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retail Gazette

SEPTEMBER 17, 2024

Fashion brand AllSaints has reported another record-breaking performance, as profits surge. The retailer said the strong financial performance was driven by a reduction in promotional and markdown activity, as well as a changing sales mix with growth in wholesale, franchise and licensing channels. Operating profit rocketed 40% to £39.9m

Markdowns 52

Markdowns Wholesale Fashion Promotions 52