Inside Retail

APRIL 1, 2025

We never found that [a sitewide sale] is the right approach in the apparel space because that is giving away margin on good products that people pay good prices for, Pavone explained. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

Promotions 130

Promotions Finance Markdowns Drop-Shipping 130

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. to a range of -1.0% to 1.0%.

Markdowns 264

Markdowns Apparel Planning Consumer 264

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 Consumer Markdowns 362

Inside Retail

SEPTEMBER 3, 2024

It’s anticipated that the global AI retail market will soar past A$36 billion by 2028 and exceed A$70 billion by 2032, highlighting its growing importance and undeniable impact. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. Growth is now driven by the more complex dynamics of customer acquisition and retention, and digital marketing has introduced a new set of variable costs. Every Retailer Should be Inspired by the Trading Floor.

Markdowns 245

Markdowns Promotions Management Marketing 245

Retail TouchPoints

DECEMBER 22, 2022

Now, these smart-to-market brands are taking this time of fluctuating costs and economic uncertainty to evaluate their pricing strategies. With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand.

Retailing Pricing 278

Retailing Pricing Consumer Markdowns Marketing 278

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

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

Retalon

MARCH 21, 2025

Its typically built through a collaborative effort between finance, merchandising, marketing, supply chain, and store operations. A well-structured retail AOP helps guide: Sales targets: Setting revenue goals for each channel, region, or category, often grounded in historical performance, market trends, and growth projections.

Markdowns 41

Markdowns Finance Promotions Planning 41

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. Nike, the market leader, is shrugging it off. Adidas, in its latest release, for the first quarter, reported an 11.9

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Wiser

AUGUST 27, 2019

Average Unit Retail, or AUR, is a key metric used in retail today, alongside other important data points such as market share, average order value, and units per transaction. For example, one women’s apparel retailer uses AUR to determine whether prices are properly optimized. Better understand market share and conditions.

Markdowns 94

Markdowns Apparel Outdoor Promotions 94

Inside Retail

AUGUST 24, 2023

billion as its market share continues to erode. 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.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 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. The retailer doesn’t sit on stock,” added Dean.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 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? The post Is on-demand manufacturing the solution for a greener fashion industry?

Fashion 130

Fashion Shipping Markdowns Consumer 130

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel.

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. The post Walmart cuts jobs at headquarters appeared first on MMR: Mass Market Retailers.

ATS 52

ATS Markdowns Apparel Advertising 52

Mass Relators

MAY 30, 2024

cited an increase in customer traffic and market share gains in posting financial results for its first quarter that surpassed analysts’ forecasts. The overall increase included growth in the consumables category, partially offset by declines in home products, seasonal, and apparel categories. GOODLETTSVILLE, Tenn. Dollar General Corp.

Markdowns 52

Markdowns Apparel Fulfillment Marketing 52

Retail Minded

FEBRUARY 24, 2022

With the speed markets are moving right now, companies don’t have the time or luxury to wait for the next software release which is scheduled for some time next year to add omnichannel functionality to a system. 3 : SUPPLY CHAINS NEED TO BE MORE AGILE. Among them? Are our current systems ready for the expectations of tomorrow’s customers?’.

Fulfillment 111

Fulfillment Markdowns Specialty Retailers Consumer 111

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

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. The post Dollar General posts mixed Q1 results appeared first on MMR: Mass Market Retailers. Gross profit as a percentage of net sales was 31.6% compared to 31.3% billion to $1.7 billion to $1.9

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. The post Dollar General’s first quarter results beat analysts’ forecast appeared first on MMR: Mass Market Retailers.

Payment Services 52

Payment Services Markdowns Apparel Accounting 52

Mass Relators

MARCH 27, 2023

In turn, we believe this investment will position us to drive greater on-shelf availability and capture additional market share while amplifying the potential of our initiatives and ensuring our readiness for our growing customer base.” Apparel, however, decreased 19.4% Sales of seasonal items were flat at $4.2

Markdowns 52

Markdowns Apparel Planning Consumer 52

Retail Adventures

OCTOBER 22, 2020

This includes scent marketing, the music you play on the sales floor, demos, even what your associates wear. Increase your advertising and marketing efforts. How you advertise and market your store should also increase during the Holiday selling season. Be prepared for markdowns and returns. Practice Shoppertainment.

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. Analytics Purpose Built for Fashion.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Mass Relators

MARCH 16, 2023

Our fourth-quarter sales results were strong, although below our expectations, and we are pleased with continued market share gains in both consumables and non-consumables, as well as continued growth with new and existing customers,” said Jeff Owen, Dollar General’s chief executive officer. Same-store sales increased 5.7%

Markdowns 52

Markdowns Consumer Apparel Planning 52

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 post DG posts higher sales and earnings appeared first on MMR: Mass Market Retailers. Gross profit as a percentage of net sales was 31.6% in the first quarter of 2023 compared to 31.3%

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52

Mass Relators

MARCH 17, 2022

Same-store sales in the fourth quarter of 2021 declined in each of the apparel, consumables, seasonal, and home products categories. These factors were partially offset by a reduction in markdowns as a percentage of net sales and higher inventory markups. Same-store sales decreased 1.4% in the fourth quarter of 2021 compared to 32.5%

Payment Services 52

Payment Services Markdowns Apparel Planning 52

Mass Relators

AUGUST 25, 2022

The quarter was highlighted by same-store sales growth of 4.6%, a slight increase in customer traffic, accelerated growth in market share of highly consumable product sales, and double-digit growth in EPS. The post Dollar General Q2 earnings beat expectations appeared first on MMR: Mass Market Retailers. Same-store sales increased 4.6%

Markdowns 52

Markdowns Apparel Consumer Planning 52

Retalon

MARCH 2, 2021

This has been the typical ineffective approach fashion and apparel retailers have taken for decades. Retalon automatically suggests the optimal size distribution for all fashion products to make sure they are not left with fringe sizes at the end of the season significantly reducing markdowns. How seasonal is your business?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Mass Relators

DECEMBER 12, 2022

The increase reflected growth in the consumables category, partially offset by declines in the apparel, seasonal and home products segments. The post Dollar General’s sales and profits climb in Q3 appeared first on MMR: Mass Market Retailers. Gross profit as a percentage of net sales was 30.5% compared to 30.8% compared to 22.9%

Drop-Shipping 52

Drop-Shipping Markdowns Planning Apparel 52

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Decide at which level the budget will be set.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Decide at which level the budget will be set.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. How much safety stock is ideal?

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retail Adventures

AUGUST 16, 2022

This includes scent marketing, the music you play on the sales floor, demos, even what your associates wear. Increase your advertising and marketing efforts. How you advertise and market your store should also increase during the Holiday selling season. Be prepared for markdowns and returns.

Markdowns 52

Markdowns Advertising Planning Cross Merchandising 52

Retalon

SEPTEMBER 1, 2020

Co-marketing funds you receive require investments in store merchandising and promotional campaigns. Fixing the problem through stock rebalancing or price markdowns will be expensive. Outside market research from retail specialists can give some insight into new product categories. Getting off on the right foot is critical.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retail Geek

FEBRUARY 28, 2023

Extraordinarily inexpensive apparel and you know inexpensive tchotchkes that you probably didn’t know you need but like if you start browsing the side it for a.m. You know they’re the biggest apparels reseller in the u.s. it appears that it’s primarily a catalog they built by aggregating a wide variety of different.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52