Inside Retail

JUNE 1, 2021

“We want to be the first port of call for brand-conscious and value-conscious Gen Z and millennial consumers,” said Justin Seskin, one of TheDOM.com’s co-founders, along with Thrills director Howard Blend and It Works managing director Paul Downs. . Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail TouchPoints

MAY 28, 2020

billion in Q1 2020, while same-store sales jumped 21.7% The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. TJX, which shut down both its stores and web site, reported net sales of $4.4 during the same period.

Markdowns 132

Markdowns Discount Store Finance Apparel 132

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. This is how consumer demand will react to a change in price.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Retalon

JUNE 10, 2020

A discount store for bargain hunters? Here’s a very simplified example: High-End & Low Volume Retailer 10 units at $100 = $1,000 revenue Economy & High Volume Retailer: 100 units at $10 = $1,000 revenue. Demand is the total consumer desire to purchase a specific product. A purveyor of high-quality goods?

Planning 41

Planning Markdowns Promotions Accounting 41