article thumbnail

As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

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 287
article thumbnail

How Retailers can Overcome the Challenges Faced on the Path to Sustainability

Retail TouchPoints

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. In return, sustainability presents an opportunity for retailers to give people what they want and benefit the planet while helping the business’ bottom line.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Build Product Pages That Convert

Retail TouchPoints

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 271
article thumbnail

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

Inside Retail

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. per cent in the APAC region as a whole and Greater China had “returned to growth” after “two years of declining business”.

Markdowns 147
article thumbnail

Dollar General sales strong, but miss estimates

Mass Relators

Building on the investments we made in 2022, and the substantial progress we have made in our supply chain, we believe this incremental investment will yield strong returns as we continue creating long-term sustainable growth and value for our shareholders.” Net sales increased 17.9% billion in the fourth quarter of 2022 compared to $8.7

article thumbnail

7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. They quickly learn to time their purchases for the inevitable markdowns rather than buying products during the main lifecycle.

article thumbnail

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. The same-store sales gain primarily resulted from an increase in average transaction amount, as well as a modest increase in customer traffic. Gross profit as a percentage of net sales was 30.5%