Remove Markdowns Remove Retail Trends Remove Returns
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Shopping Your Competition for Fun and Profit

Retail Adventures

When the associates return, have them to document their visits, breaking down everything they experienced in each area of the store. Watch how shoppers enter the store, which way they go and why, plus what they look at, how long they linger in specific areas, along with what they buy and return. Does it motivate shoppers to buy?

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6 Ways Farfetch is Disrupting Luxury Retail

Indigo 9 Digital

Commissions typically range from 25%-33% depending on whether in addition to providing eCommerce functionality Farfetch manages shipping, returns or other services. With more pricing control brands can offer more merchandise at full price, avoiding markdowns which are thought to negatively impact a luxury brand’s image.

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How Data Analytics is Saving the Fashion Industry (2020)

Retalon

In today’s landscape, when a new fashion retail trend latches on, companies need to have the ability to make the right decisions quickly. Retailers have found that machine learning and predictive analytics is a game changer which is leaving slow to adapt competitors far behind. Often minimizing markdowns in the process.

Fashion 41
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11 Steps to Shopping Your Competition

Retail Adventures

When the associates return, have them to document their visits, breaking down everything they experienced in each area of the store. Watch how shoppers enter the store, which way they go and why, plus what they look at, how long they linger in specific areas, along with what they buy and return. Does it motivate shoppers to buy?

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How to Shop Your Competition

Retail Adventures

When the associates return, ask them to document their visits, breaking down everything they experienced in each area of the store. Watch how shoppers enter the store, which way they go and why, plus what they look at, how long they linger in specific areas, along with what they buy and return. After each comment ask, “How did it feel?”