Wiser
AUGUST 24, 2017
They are also a way to ensure markdowns and promotions are effective. The last thing you want to do is condition your consumers to only shop during sales. 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.
Inside Retail
JULY 4, 2023
Despite the lack of clarity in the numbers, Nike President and CEO John Donahoe is heartened, telling investors on a conference call: “With our record-breaking performance during this year’s 6/18 shopping holiday, in which we were the No. 1 sports brand on Tmall, I’m even more confident in our playbook and strategy [in China].”
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Retail TouchPoints
MAY 28, 2020
While the retailer incurred additional expenses from associate bonuses and other COVID-19-related expenditures, Dollar General was able to reduce markdowns, on top of benefiting from increased purchase volume. Unlike some other retailers , Dollar General’s selling, general and administrative (SG&A) expenses actually dropped, to 20.5%
Independent Retailer
DECEMBER 23, 2022
Offer Promotions & Product Markdowns. Offer Promotions & Product Markdowns. Dynamic pricing, promotions, and markdowns are strategic ways to tackle inventory management, according to Nari Viswanathan, Senior Director of Supply Chain Strategy at Coupa. Help Shoppers Find the High Stock Products. Donate Excess Inventory.
Wiser
AUGUST 25, 2020
Log on to social media, buy advertisements, post notes on your door, and spread the word that you’re coming back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. Any promotions or markdowns match with what you’ve done in the past.
Retail Adventures
AUGUST 16, 2022
This year start your Golden Quarter planning now: 2022 Dates to Remember This year Black Friday is on November 25, Small Business Saturday is November 26, Cyber Monday is November 28, and the biggest shopping day of the holiday season will be December 17, the Saturday before Christmas. People tend to stop shopping once their hands are full.
Wiser
APRIL 28, 2020
That’s why you need a strong minimum advertised price policy that helps you stop MAP violators and establish price policies everywhere your products are sold. If they have excess inventory and want to use markdowns to clear it, they may use rock-bottom prices to do so. Likewise, it could be that your MAP policy isn’t strict enough.
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