Inside Retail

AUGUST 24, 2021

The post Why you don’t need markdowns to appeal to price-conscious customers appeared first on Inside Retail. Instead, focus on offering value – whatever the price may be.

Markdowns 246

Markdowns Consumer Promotions Returns 246

Retail Adventures

JANUARY 20, 2021

Be firm about delivery dates, and implement a strong markdown program to clear out product that’s past its sell date. Know when to take a markdown Retailers tend to think of markdowns the enemy, but in reality its smart business to clear out what isn’t selling. To improve your turn rate you must closely control your inventory.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

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. Some psychological pricing strategies can have a bigger impact on shoppers than others.

Markdowns 180

Markdowns Marketing Drop-Shipping Promotions 180

Retail TouchPoints

SEPTEMBER 23, 2024

Optimize Markdowns Proactively Markdowns are a necessary part of retail, but they should be approached with a proactive strategy. Retailers need to identify slow-moving items early in the season and begin markdowns before they become a significant burden on inventory.

Promotions 147

Promotions Markdowns Planning Retailing Pricing 147

365 Retail

JUNE 16, 2021

Online retail giant The Very Group will continue to enhance its pricing strategies with DemandTec Markdown Optimisation. The post The Very Group Renews DemandTec Markdown Optimisation appeared first on 365 RETAIL | Retail News.

Markdowns 57

Markdowns Accessories Planning Management 57

Retail Wire

JULY 14, 2022

Apparel prices in June were 5.2 percent higher on a year-over-year basis, according to data from the U.S. Bureau of Labor Statistics. The clothing category, driven by an uptick in work-appropriate clothing and formalwear, rose five percent from January through May, according to NPD.

Apparel 100

Apparel Markdowns 100

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. Plan Markdowns in Advance.

Markdowns 90

Markdowns Promotions Planning Shipping 90

Retail TouchPoints

AUGUST 13, 2024

AI in Pricing: Automating Markdowns to Increase Sell-Through and Profit Lifecycle pricing is an intensely data-driven process for retailers, and markdown optimization is a key area where AI can deliver greater value.

Markdowns 309

Markdowns Loss Prevention Customer Experience Inventory Management 309

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Ending the Tradition of Blanket Markdowns Enter this year’s holiday shopper. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days.

Markdowns 278

Markdowns Retailing Pricing Promotions Fulfillment 278

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

FEBRUARY 17, 2022

Unify by DemandTec aims to give retailers a 360-degree view of shopper demand across all channels to elevate AI-powered pricing, promotions and markdowns, and maximize profitable revenue growth.

Markdowns 275

Markdowns Promotions 275

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. Tractor Supply Co. The rural lifestyle retailer has been a Revionics customer since 2010.

Markdowns 264

Markdowns Outdoor Apparel Planning 264

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

MARCH 7, 2024

Ethical fashion label Arnsdorf has announced it will close down and has commenced a sale with markdowns to run out its inventory. “My energy is being directed to other places and it’s time to make space in my life for this.”

Fashion 256

Fashion Markdowns Accessories 256

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

RIS News

JULY 13, 2023

Academy Sports is drilling down on its pricing optimization efforts, building out its data-fueled tech investments with the goal of delivering a more seamless customer experience.

Markdowns 81

Markdowns Customer Experience 81

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 325

Markdowns Promotions Consumer Planning 325

Inside Retail

AUGUST 27, 2024

Big W’s sales remained flat amid markdowns to clear the autumn/winter range. .” In the first eight weeks of the current fiscal year, Australian and New Zealand food sales increased 3 per cent and 1.5 per cent, respectively.

Net Profit 275

Net Profit Markdowns Supermarket ATS 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. Family Dollar has partnered with First Insight to refine its merchandise assortment strategy using the solution’s predictive analytics and actionable data.

Markdowns 264

Markdowns Location Planning ATS 264

Retail TouchPoints

JUNE 28, 2024

chains , including competitor Michaels , in announcing permanent markdowns on more than 15,000 products. “‘And’ The campaign will include an expansion of paid media advertising and new influencer marketing initiatives with a prioritization on social media placements to reach Gen Z crafters specifically.

Markdowns 288

Markdowns Advertising Marketing ATS 288

Retail Dive

JUNE 7, 2022

Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.

Markdowns 121

Markdowns Consumer 121

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 Wire

MAY 17, 2021

Burberry and Dillard’s are both focused on driving full price sales of new merchandise in their full line stores. Burberry is looking to accomplish the feat by focusing on high-demand categories, unveiling a new store concept and addressing the consumer desire for omnichannel shopping and fulfillment.

Markdowns 100

Markdowns Fulfillment Consumer Shopping 100

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 beauty retailer will use the AI-powered solution to identify competitive price levels while still maximizing revenue and profit performance.

Markdowns 264

Markdowns Promotions Planning Target Market 264

Inside Retail

OCTOBER 25, 2022

Another is markdowns. Adjust your sourcing strategies to help reduce markdowns. You can ship items from the store or location with the most inventory, the oldest inventory, the lowest sell-through rate or the highest in-store markdowns. This strategy works for seasonal markdowns, too. One way is liquidators.

Markdowns 130

Markdowns Fulfillment Shipping Location 130

Retail Focus

JUNE 3, 2021

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. Think of pricing in the context of the full lifecycle, from everyday price through promotions and markdowns/clearance. for two weeks.

Markdowns 200

Markdowns Promotions Shopping Planning 200

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.

Grocer 264

Grocer Consumer Markdowns Supermarket 264

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. Reduced performance was expected as the retailer worked to right-size its inventory , including through markdowns, removing excess inventory and cancelling orders. billion for Q2 2023, down 6.8%

Markdowns 277

Markdowns Management ATS Marketing 277

Retail Wire

JULY 26, 2022

Markdowns to move merchandise are also serving as a drag on profitability. Walmart lowered its profit outlook for the year, saying that customers have shifted a greater percentage of dollars to buying necessities while reducing electronics and other discretionary items.

Markdowns 130

Markdowns 130

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. The Win-Win Imperative: There are No Do-Overs.

Markdowns 263

Markdowns Promotions Retailing Pricing Marketing 263

Retail Dive

NOVEMBER 6, 2023

But the 5% off markdown announced last year disappears in February. The free membership will still have perks like exclusive deals and hot drinks.

Markdowns 121

Markdowns 121

Retail TouchPoints

APRIL 26, 2022

The technology also is expected to help reduce waste and lead to fewer markdowns. Charanga will use RFID technology to enable a real-time view of stock in order to optimize product availability across all channels and provide the foundation for omnichannel services including buy online, pick up in-store (BOPIS) and ship-to-store.

Markdowns 246

Markdowns Shipping Location Shopping 246

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 29, 2022

This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores. There’s not a great retailer in the world that doesn’t have a great supply chain, and we’re committed to having a great supply chain,” noted Ellison.

Fulfillment 302

Fulfillment Markdowns Store Operations Customer Experience 302

Retail Wire

MARCH 2, 2023

“[We] took strategic markdowns and intentionally did not chase unprofitable sales,” said CEO Jeff Gennette. Macy’s reported better-than-expected revenues for the holiday quarter as it ramped up promotions to turn merchandise and reduce inventory.

Markdowns 100

Markdowns Department Stores Promotions 100

365 Retail

FEBRUARY 26, 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 62

Markdowns Supermarket Grocer Store Operations 62

Retail Wire

JULY 16, 2021

We saw strong growth across our strategic categories, in particular, leather goods and outerwear, and exited markdowns in digital and mainline stores,” said CEO Marco Gobbetti.

Markdowns 130

Markdowns Accessories Consumer 130