Remove 2014 Remove Consumer Remove Management Remove Markdowns
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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Who doesn’t want that?

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Good, better, best: How Myer is winning during the ‘shift to thrift’

Inside Retail

All that combines to shift the mindset of consumers to what we call ‘mindful consumption’. Last month, the department store reported its highest interim profit since 2014. Tread carefully because markdowns will bite hard if you misjudge stock weights. But the effects on people’s wallets will be felt for months to come.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. While many argue Forever 21’s demise is due to a more socially conscious consumer fast fashion retailers are as popular as ever. If you can’t move all of the inventory then markdowns are required which eats into sales per sq.

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How RFID Powers Retail: Past, Present and Future

Retail TouchPoints

In fact, according to a recent Accenture study , 92% of the 50 North American retailers surveyed said they are either piloting RFID or have reached full adoption, up from 34% in 2014. Additionally, it boosts sales margins and expedites returns and exchanges, making it a valuable tool for profitably improving the consumer experience.