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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Clinton Cahn, CEO of The Reject Shop, noted that there has been a rise in demand for everyday essential items, whereas its discretionary range showed a drop-off in demand, which affected margins. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

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Navigating Tariffs: How Retailers Can Mitigate Impacts and Protect Margins

RETAIL MANAGEMENT SOFTWARE

import cargo volume dropped 8.4% For some retailers—particularly those sourcing apparel, footwear, and specialty goods—these increases have translated into immediate cost escalations. Apparel & Footwear Retailers in this segment are among the most exposed. According to the National Retail Federation (NRF), U.S.

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Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

Additionally, shoppers are continuing to buy even after school has started to save on markdown items and stretch their budgets further. Consumers also are allocating more of their BTS budget to apparel and school supplies rather than pricey electronics, although belt-tightening is likely influencing decisions in multiple product categories.

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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?

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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

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Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

But in 2020 Marks & Spencer opened up its website to outside apparel brands. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Bringing in more third party brands. Throughout its 137 year history Marks & Spencer has primarily sold its own brands.

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Dollar General’s sales and profits climb in Q3

Mass Relators

The increase reflected growth in the consumables category, partially offset by declines in the apparel, seasonal and home products segments. Gross profit as a percentage of net sales was 30.5% compared to 30.8% in the year-ago period, a decrease of 27 basis points. compared to 22.9% last year, a decline of 23 basis points.