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Genesco to Close 100+ Journeys Stores as it Focuses on Off-Mall Locations

Retail TouchPoints

This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. However, Journeys still accounted for 56.3% Genesco’s gross margin was 47.3% in Q1 2024, compared to 48.3% in Q1 2023. of Genesco’s $483.3

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A Quick and Easy Guide to Multiple Store Planning

Retail Smart Guys

Well, this can be true if you are not using the right approach in handling multi-store accounts. There are numerous ways you can deal with this, one of which is the by-store location approach, which we at Retail Smart Guys have already been using in our retail services for over a decade. Retail Smart Guys ’ has the solution.

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A Quick and Easy Guide to Multiple Store Planning

Retail Smart Guys

Well, this can be true if you are not using the right approach in handling multi-store accounts. There are numerous ways you can deal with this, one of which is the by-store location approach, which we at Retail Smart Guys have already been using in our retail services for over a decade. Retail Smart Guys ’ has the solution.

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Product Cannibalization in Retail (Definition, Examples, Tips)

Retalon

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. These advanced analytics solutions generate a highly accurate demand forecast that has already accounted for product cannibalization. Seasonality.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Adopting BOPIS can be challenging so we’ll explain how you can successfully merge your online and physical store operations. BOPIS, meaning Buy Online, Pickup In-Store, is an order fulfillment option that helps retailers connect their e-commerce channels with their brick-and-mortar storefronts. What is BOPIS?