article thumbnail

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

Inside Retail

Last month, the department store reported its highest interim profit since 2014. You’ll probably have to adjust margins to implement this model effectively, and it’s likely that the ‘better’ offer will end up being the largest seller, so plan your orders accordingly. And you’ll need a pre-planned mechanism to achieve that.

article thumbnail

Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

Inditex, Zara’s parent company planned to close up to 1,200 stores by the end of 2022 and open 450 new stores. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. In 2014 Forever 21 opened F21 Red which sells even cheaper basics targeted at the whole family.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shane Co. Increases Sales by 20% While Significantly Reducing Inventory

Retalon

New York, NY (PRWEB) October 20, 2014. ” Retalon’s Assortment Diversification solution is part of the integrated platform designed to effectively manage inventory, build executable merchandise and assortment plans and optimize price and markdown strategies for retail businesses. “Shane Co.’s The post Shane Co.

Jewelry 32
article thumbnail

Shane Co. Increases Sales by 20% While Significantly Reducing Inventory

Retalon

New York, NY (PRWEB) October 20, 2014. ” Retalon’s Assortment Diversification solution is part of the integrated platform designed to effectively manage inventory, build executable merchandise and assortment plans and optimize price and markdown strategies for retail businesses. “Shane Co.’s The post Shane Co.

Jewelry 32
article thumbnail

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. Many will also need to speed up digital transformation plans in order to adapt to?consumer RFID captures all inventory in-store and online.