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

APRIL 9, 2022

Your markdown SKUs are live, but how are they tracking? Now is the time to check how your markdown performance is tracking against your retail markdown strategy keeping inventory management top of mind. Full price vs markdown mix. Review performance of current markdown clearance stock. Markdown cover.

Markdowns 130

Markdowns ATS Inventory Management Promotions 130

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 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

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

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

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

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 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

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

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

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

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 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 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

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 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

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 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

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

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

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

Inside Retail

JUNE 1, 2021

From tactical promotions, to markdowns, to engineered lines – similar to what you might see in an outlet mall, for example – all the way through to clearance,” Seskin said. “If Everyone might go 30 per cent off on their first markdown, but their reach is limited. Our reach is going to be far wider,” he said. “If

Consumer 246

Consumer Markdowns Planning Shopping 246

Inside Retail

JULY 22, 2021

Having a centralised fulfilment centre for stores replaces our historical push model, and will result in improved inventory management, reduced markdowns and maximised sell-through whilst also producing significant efficiencies in our online fulfilment operations.”.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Retail TouchPoints

JULY 26, 2022

is requiring more markdown dollars,” said Doug McMillon, President and CEO of Walmart in a statement. “The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S.

Markdowns 317

Markdowns Apparel Marketing Consumer 317

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

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 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 122

Markdowns Consumer 122

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

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 59

Markdowns Accessories Planning Management 59

Retail TouchPoints

NOVEMBER 25, 2020

This customer-level profit insight can inform every business decision, from where to acquire the highest value customers to how best to serve them in a retail store and at the residential doorstep. ”.

Markdowns 250

Markdowns Fulfillment Shipping Marketing Spend 250

Retail TouchPoints

OCTOBER 3, 2023

This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today. In doing so, it can, for example, trade off a little more parcel cost or delivery time in exchange for avoiding a price markdown in the future, which effectively costs the retailer significantly more in absolute terms.

Fulfillment 286

Fulfillment Drop-Shipping Shipping Markdowns 286

Retail TouchPoints

JUNE 8, 2022

Target is taking multiple actions to right-size its inventory, including additional markdowns, removing excess inventory and cancelling orders, as it makes room for merchandise including groceries and back-to-school supplies.

Planning 279

Planning Supply Chain Management Promotions Markdowns 279

Retail TouchPoints

MARCH 8, 2023

The decline was primarily driven by clearance markdowns of approximately 750 basis points, according to CFO Jill Timm. The change to discounting strategies could be particularly impactful: Kohl’s gross margin was 23% in Q4 2022, down from 33.2% in Q4 2022.

Markdowns 259

Markdowns Planning Promotions ATS 259

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. As a result, consumer behavior has become harder to predict across multiple locations, which makes zone pricing a must for retailers.

Markdowns 263

Markdowns Technical Support Promotions Consumer 263

Retail TouchPoints

DECEMBER 6, 2024

in the quarter compared to 29% in Q3 2023, a decrease that was attributed to increases in markdowns and inventory damages. The net sales increase was driven by positive sales contributions from new stores and growth in same-store sales, with same-store sales increasing 1.3% over the same quarter in 2023.

Planning 283

Planning Customer Experience Markdowns Kiosk 283