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Meet the new online outlet mall targeting Gen Z and millennial consumers

Inside Retail

A new online shopping site is set to launch in Australia this month that aims to update the traditional outlet mall experience for a Gen Z and millennial audience. In contrast, TheDOM.com plans to provide an “inspirational” and “elevated” shopping experience through its site design and tone of voice.

Consumer 246
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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. TJX, which shut down both its stores and web site, reported net sales of $4.4 of net sales, compared to 22.5% in Q1 2019.

Markdowns 134
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7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

A discount store for bargain hunters? Here’s a very simplified example: High-End & Low Volume Retailer 10 units at $100 = $1,000 revenue Economy & High Volume Retailer: 100 units at $10 = $1,000 revenue. Consequently, it also determines how many units of a product you can sell at a certain price point.