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What are Retail Markdowns?

Wiser

Altering your price, particularly through markdowns, can be a smart strategy, but only if done correctly. Unsuccessful or excessive markdowns can lead to staggering losses in terms of missed revenue and a lower margin on your goods. What are Retail Markdowns? How to Implement a Markdown Strategy. Don’t believe us?

Markdowns 128
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Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon.

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Gartner Hype Cycle for Retail Technologies 2018

Retalon

Unified Price, Promotion and Markdown Optimization. The post Gartner Hype Cycle for Retail Technologies 2018 appeared first on Retalon. Climbing the Slope. Customer-Centric Merchandising and Marketing. Unified Merchandise Planning. Entering the Plateau. Algorithmic Merchandise Optimization. Appendixes.

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What is Everyday Low Pricing?

Wiser

Everyday low pricing is a pricing strategy in which brands and retailers promise consumers that their prices will be consistently low, as opposed to having sporadic discounts or promotions. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

Laura Illanes, a 22-year-old student at the University of South Carolina Upstate, said she gets six free pieces of clothing from Shein each month for promoting the brand to her 36,000 Instagram followers. By 2018 Forever 21’s online sales were only 16% of total sales. and ultimately profitability.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. Safety Stock – Retailers should only add stock when doing so adds value.