Remove Advertising Remove Markdowns Remove Shopping
article thumbnail

David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

However, many consumers only appear willing to buy if there’s a significant markdown involved, so where does that leave retailers? Meta remains the largest advertising platform for LSKD during the Black Friday Cyber Monday period, contributing to the company’s significant and sustained growth over recent years.

Markdowns 241
article thumbnail

How to Align Markdowns with Psychological Pricing and Marketing 

Wiser

They are also a way to ensure markdowns and promotions are effective. The last thing you want to do is condition your consumers to only shop during sales. If your markdown and sale patterns become obvious to your consumer, they will wait for those markdowns and hold off on shopping until a promotion rolls around.

Markdowns 180
Insiders

Sign Up for our Newsletter

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

article thumbnail

Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Retailers are integrating AI with bricks-and-mortar shops and online platforms to give the shopping experience a remarkable transformation, enhancing both customer satisfaction and operational efficiency. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI.

article thumbnail

The Retail Landscape Continues to Evolve — Data Departments Need to Keep Pace

Retail TouchPoints

In the late 2010s, the obsession with amassing consumer data peaked when retailers were collecting an average of 23 behavioral advertising cookies on their homepages. Its advanced algorithm can now operate on simple, publicly available data and still generate the insights needed to sell advertisements effectively.

Consumer 306
article thumbnail

Off-Price Quarterly Results Showcase Benefits Of ‘Essential Retailer’ Status

Retail TouchPoints

While the retailer incurred additional expenses from associate bonuses and other COVID-19-related expenditures, Dollar General was able to reduce markdowns, on top of benefiting from increased purchase volume. Unlike some other retailers , Dollar General’s selling, general and administrative (SG&A) expenses actually dropped, to 20.5%

Markdowns 162
article thumbnail

Why Nike’s China rebound is still up in the air

Inside Retail

Despite the lack of clarity in the numbers, Nike President and CEO John Donahoe is heartened, telling investors on a conference call: “With our record-breaking performance during this year’s 6/18 shopping holiday, in which we were the No. 1 sports brand on Tmall, I’m even more confident in our playbook and strategy [in China].”

Markdowns 147
article thumbnail

15 Tips to Succeed as Brick-and-Mortar Retail Reopens

Wiser

Log on to social media, buy advertisements, post notes on your door, and spread the word that you’re coming back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. Any promotions or markdowns match with what you’ve done in the past.

Markdowns 120