Remove Accessories Remove Dead-Stock Remove Markdowns
article thumbnail

5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

article thumbnail

From Seasons to Seconds: Assortment Planning in the Age of Microtrends

Retalon

The results are familiar: too much of the wrong product, not enough of the right one, misalignment across channels, and increased dependence on markdowns to clear unsold stock. This is especially valuable in trend-sensitive categories like beauty, apparel, accessories, and consumer electronics.