Retail Wire

JULY 14, 2022

Apparel prices in June were 5.2 percent higher on a year-over-year basis, according to data from the U.S. Bureau of Labor Statistics. The clothing category, driven by an uptick in work-appropriate clothing and formalwear, rose five percent from January through May, according to NPD.

Apparel 100

Apparel Markdowns 100

Retail TouchPoints

AUGUST 13, 2024

AI in Pricing: Automating Markdowns to Increase Sell-Through and Profit Lifecycle pricing is an intensely data-driven process for retailers, and markdown optimization is a key area where AI can deliver greater value. For example, AI can help retailers ensure that holiday decorations are sold out just before the big event.

Markdowns 311

Markdowns Loss Prevention Customer Experience Inventory Management 311

Retail TouchPoints

JUNE 17, 2024

will deploy the Base Price and Markdown pricing solutions from Revionics , an Aptos Company , to help scale optimized pricing across its 2,200 stores and ecommerce site. Tractor Supply partnered with Martha Stewart on a line of branded gardening apparel in March 2024. Tractor Supply Co.

Markdowns 264

Markdowns Outdoor Apparel Planning 264

Retail TouchPoints

JULY 26, 2022

Profitable categories like apparel may require deeper discounts to stimulate sales, which will further eat into margins. The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S.

Markdowns 317

Markdowns Apparel Marketing Consumer 317

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 235

Outdoor Markdowns Apparel Fulfillment 235

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.

Markdowns 259

Markdowns Promotions Apparel Shopping 259

Retail TouchPoints

SEPTEMBER 17, 2021

The apparel category saw particularly marked price hikes in both July (up 15.26% ) and August (up 15.52% ), two months in which apparel prices typically drop amidst summer markdowns and back-to-school promotions.

Consumer 262

Consumer Home Furnishings Apparel Markdowns 262

Retail TouchPoints

JUNE 18, 2020

OVERTIME by DICK’S Sporting Goods locations will offer an assortment of apparel, footwear and equipment at up to 75% off. The location will stock brands including Nike , Adidas and Under Armour , with additional markdowns added throughout the year to keep inventory fresh. Spartanburg, S.C. and Racine, Wis.

Sporting Goods 179

Sporting Goods Markdowns Apparel Discount Store 179

Retail TouchPoints

SEPTEMBER 1, 2023

Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. The retailer also saw a staggering 24.2% drop in operating profit to $692.3 Gross profit as a percentage of net sales was 31.1% in Q2 2023, down from 32.3% in Q2 2022.

Markdowns 264

Markdowns Apparel Planning Consumer 264

Retail TouchPoints

OCTOBER 15, 2021

this year alone, representing approximately 21% of the total women’s apparel market. The business case is clear, but the looming question for apparel brands and retailers is: How do we make inclusivity a tangible — and profitable — business strategy? billion in the U.S. Inclusion Definitions Expanding Beyond Sizing.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Retail TouchPoints

SEPTEMBER 29, 2022

To help address this, some retailers have been using advanced artificial intelligence (AI) to improve forecasting capabilities and optimize markdown processes to reduce product waste. One example is IKEA, which through the use of AI for smarter demand forecasting can now predict how much the business will sell in the future with 98% accuracy.

Fast Fashion 362

Fast Fashion Fashion Markdowns Consumer 362

Retail TouchPoints

APRIL 6, 2022

An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.” The end goal of product pages is to make that item — be it an electronic, a piece of apparel or a pair of shoes — as irresistible as possible.

Checkout 299

Checkout Markdowns Apparel Promotions 299

Inside Retail

SEPTEMBER 3, 2024

AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Dive

SEPTEMBER 2, 2022

The athletics apparel brand didn’t rely on markdowns during the quarter and will soon release a membership program, according to CEO Calvin McDonald.

Markdowns 98

Markdowns Apparel 98

Retail TouchPoints

NOVEMBER 3, 2020

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).

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

Retail TouchPoints

DECEMBER 22, 2022

However, brands should resist the urge to enact markdowns done in sweeping waves of arbitrary rates with the hope of selling as much as they can before moving to the next tier. MakerSights’ mission is to radically reduce waste in the retail industry by helping brands leverage consumer data to make products that people love.

Retailing Pricing 278

Retailing Pricing Markdowns Consumer Marketing 278

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. In one example, an apparel brand observed that its customer churn was increasing and attempted to slow the decline with aggressive win-back promotions. Today, retail is more complicated, with more variables than ever before.

Markdowns 245

Markdowns Promotions Management Marketing 245

Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. This applies especially to apparel where brand loyalty isn’t as strong as it is for sneakers.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Retail TouchPoints

MAY 28, 2020

The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. Dollar General saw its net sales rise 27.6% billion in Q1 2020, while same-store sales jumped 21.7% during the same period. of net sales, compared to 22.5% in Q1 2019. in Q1 2019.

Markdowns 162

Markdowns Discount Store Finance Apparel 162

Wiser

AUGUST 27, 2019

For example, one women’s apparel retailer uses AUR to determine whether prices are properly optimized. “My customers won’t always tell me when they’re going to discount an item or have some sort of pricing approach,” an outdoor apparel retailer explained to Wiser.

Markdowns 94

Markdowns Apparel Outdoor Promotions 94

Inside Retail

JULY 4, 2023

That’s particularly true of the athletic footwear and apparel business in a growth market like China, where there are a lot of new entrants and the early movers are beginning to seriously sweat the competition.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Inside Retail

AUGUST 24, 2023

While the apparel market has been challenged, this is a far worse performance than average and represents a significant erosion of market share,” he said. Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. billion as its market share continues to erode.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Inside Retail

SEPTEMBER 25, 2024

Roger Lee, CEO of TAL Apparel, told Inside Retail the traditional manufacturing process forces brands to make their purchasing decisions six to nine months in advance, essentially forecasting future demand. How does it work?

Fashion 130

Fashion Shipping Markdowns Consumer 130

Inside Retail

DECEMBER 19, 2023

According to the Pulse of the Fashion Industry report by Global Fashion Agenda & Boston Consulting Group, global apparel production is projected to rise by 63 per cent by 2030, from 62 million tonnes today to 102 million tonnes – equivalent to more than 500 billion additional T-shirts.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

Indigo 9 Digital

FEBRUARY 28, 2023

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. Commenting on the growth of Shein TechCrunch wrote : “[Shein] manufactures in China as many apparel retailers do. If you can’t move all of the inventory then markdowns are required which eats into sales per sq.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Mass Relators

AUGUST 15, 2022

The increasing levels of food and fuel inflation are affecting how customers spend and, while we’ve made good progress clearing hardline categories, apparel in Walmart U.S. is requiring more markdown dollars.

ATS 52

ATS Markdowns Apparel Advertising 52

Retail Minded

FEBRUARY 24, 2022

Orders need to be fulfilled in real-time, taking into account last-minute changes from the customer while keeping a close eye on cut-off times. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE.

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111

Mass Relators

MAY 30, 2024

The overall increase included growth in the consumables category, partially offset by declines in home products, seasonal, and apparel categories. a year earlier, with the result hurt by higher markdowns and an increase in inventory lost or damaged due to theft, breakage or other factors.

Markdowns 52

Markdowns Apparel Fulfillment Marketing 52

SGN Magazine

AUGUST 14, 2021

Along with plush, the store’s best-sellers include name-dropped apparel; one sweater featuring a cheetah and a rhinoceros “flies off the shelves,” noted Banks. Wildlife Safari Gift Shop Lead Serina Preach, photographed with an apparel display featuring a paw design. I’ve actually had to order it three times already.”. Winston, Ore.,

ATS 52

ATS Markdowns Apparel Management 52

Mass Relators

JUNE 19, 2023

Same-store sales gains included growth in the consumables category, partially offset by declines in the seasonal, home and apparel categories. Gross profit as a percentage of net sales was 31.6% compared to 31.3% in the first quarter of 2022, an increase of 34 basis points.

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52

Mass Relators

JUNE 21, 2021

Same-store sales of consumables, which account for more than 75% of the top line, fell during the quarter, but, as Vasos noted, key nonconsumable categories of apparel, seasonal and home products all registered growth. Moreover, the same-store sales decline reflects a comparison to last year’s 21.7% surge in the wake of the COVID-19 pandemic.

Markdowns 52

Markdowns Payment Services Apparel Accounting 52

Indigo 9 Digital

SEPTEMBER 1, 2022

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.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retail Dive

JULY 10, 2025

However, ultra-luxury items, jewelry, apparel and eyewear are expected to remain strong, according to the report. As luxury shoppers sour on the economy, their spending on high-priced items is predicted to contract. Purchases of personal luxury items could decline between 2% and 5% this year , a Bain & Company report projects.

Department Stores 75

Department Stores Markdowns Fashion Jewelry 75

Retail Adventures

OCTOBER 22, 2020

A children’s store might present gift cards in a baby bottle decorated with ribbons; an apparel store could nestle their gift cards inside a lovely box lined in scented paper. Be prepared for markdowns and returns. Remember that the first markdown is always the cheapest one to take, so take a deep breath and price to sell.

Markdowns 98

Markdowns Advertising Planning Cross Merchandising 98

Retalon

SEPTEMBER 11, 2020

Fashion and apparel retailers are also dealing with distribution of sizes, colors, and styles, all of which are complicated further by shifting seasonality. Often resulting in inventory distortion that lead to lost sales and costly markdowns. Often minimizing markdowns in the process. Unifying Fashion Analytics.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Mass Relators

JUNE 1, 2023

Same-store sales included growth in the consumables category, partially offset by declines in each of the seasonal, home, and apparel categories. The same-store sales increase was driven by an increase in average transaction amount, partially offset by a decrease in customer traffic. Gross profit as a percentage of net sales was 31.6%

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52