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Academy Sports + Outdoors will extend its use of Revionics’ pricing intelligence software. Additionally, with the Revionics Markdown application, Academy can clear seasonal inventory quickly and profitably to keep its on-shelf selection fresh.
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. Academy Sports + Outdoors began using Revionics’ pricing modules in July 2023. Tractor Supply Co.
Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown). This is your starting point and your job is to build up and improve it.
. “My customers won’t always tell me when they’re going to discount an item or have some sort of pricing approach,” an outdoor apparel retailer explained to Wiser. The total revenue must be post-markdown to reflect its price at sale. ” Of course, it’s important to calculate AUR properly to get accurate data.
For instance, if a store sells a high volume of outdoor furniture, allocating related products like cushions or covers to that location can drive additional sales. Reduced Wastage: By avoiding overstock in low-demand locations, retailers can minimise markdowns and protect profit margins. Why Choose Merret Pro for Retail Allocation?
So why should these teams expand their focus to consider markdown planning in addition to their already full slate of targets? Because better markdowns have the potential to significantly improve the traditional KPIs that supply chain teams are evaluated on.
From ensuring high-demand items are always available to minimising markdowns on short-lifecycle products, the pressure to get inventory right has never been greater. Short lifecycle and markdown risks: High-value, short-lifecycle products need accurate forecasting to avoid costly end-of-season write-offs.
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