Retail Gazette

MARCH 11, 2024

The retailer was acquired by a group of investors at the end of January 2023 after a fierce battle with founder John Hargreaves. Matalan revealed last October its EBITDA came in at £47.9m to £1.15bn due to price increases, however EBITDA plunged 37.2% to £124.1m and operating profit before exceptionals spiralled almost 80% to £18.7m.

Markdowns 59

Markdowns Fashion Accounting Planning 59

Retail TouchPoints

JUNE 26, 2023

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process.

Merchant Services 276

Merchant Services Inventory Management Grocer Customer Experience 276

Retail TouchPoints

MARCH 3, 2023

at its flagship banner and up 5.8% at Family Dollar stores, but even discounters are facing cautious consumer spending and employee pay raises that aren’t expected to pay off for some time. at its flagship banner and up 5.8% Beauty sales were a bright point at both businesses. during Q4, but they were up 0.6%

Markdowns 288

Markdowns Operating Expenses Department Stores Planning 288

Retail Gazette

MARCH 11, 2024

The fashion and home retailer bounced back into the black when it was acquired by a group of investors at the start of last year, as it made a pre-tax profit of £255,500 in the 52 weeks to 25 February 2023, up from a loss of £2,500 the year before. in its second quarter, with sales up 0.8% in its second quarter, with sales up 0.8%

Markdowns 52

Markdowns Fashion Accounting Returns 52

Retail TouchPoints

OCTOBER 15, 2021

But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. According to Edited, the total number of consumers deemed “plus-sized” is set to grow at twice the rate of the rest of the market. billion in the U.S.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Inside Retail

APRIL 17, 2023

From essentials – at the supermarket and the petrol pump, in the mortgage and in the power bills – to the not-so-essentials, such as the local café, the fashion boutique, the travel agent and the new car dealer. Retailers ignore this heightened awareness of ‘the value of a dollar’ at their peril.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Retail Gazette

OCTOBER 20, 2023

EBITDA came in at £47.9m, compared to £36.7m a year earlier as the retailer attributed the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. Matalan has seen its revenue rise 0.8% to £288.6m

Markdowns 98

Markdowns Management Consumer ATS 98

Retail TouchPoints

NOVEMBER 8, 2022

Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. This often gets the item back to the retailer in a quick enough turnaround to resell the items at the same price, avoiding margin loss. Use Tech to Augment the Customer Experience.

Returns 297

Returns Markdowns Inventory Management Customer Experience 297

Retail Focus

DECEMBER 8, 2021

Meanwhile, 54% of 25-34 year olds cut back on fashion spend due to either job or financial uncertainties, +12% higher than the typical UK shopper. The post Millennials lead the way on price sensitivity as the UK ‘cost of living crunch’ bites appeared first on Retail Focus - Retail Design.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Inside Retail

AUGUST 25, 2022

Experience: We all experienced the GFC – I was CEO of The Good Guys at the time – and the principles of dealing with a downturn are pretty much the same, except in the current situation, we have the added benefit of a more dynamic channel in e-commerce. You look at all of those controllables very closely. Michael Ford. Launa Inman.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Retalon

MAY 10, 2024

There are two types of families in household budget planning: those who operate on a tight budget, where planning is essential, and those for whom purchasing what they like at the moment is a priority, with budgeting taking a back seat. Decide at which level the budget will be set. A similar scenario exists in retail.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Inside Retail

MARCH 15, 2022

An assortment plan provides: A solid structure around how many options of styles or colours to buy and at what price, gives buyers guidance when buying inventory, and gives merchandisers a financial plan and confidence in the sales budgets. This is all managed by the store grading. What is assortment planning? More on this later.

Planning 130

Planning Store Layout Markdowns Location 130

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

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. Retail is littered with stories like this one, about companies that were once at the top but are no longer relevant. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Inside Retail

JULY 4, 2023

The company believes, publicly at least, that a corner has been turned and it is beginning to strut again, if not going so far as to thump its chest. Trying to get insight into how the underlying China business is really going, however, is like looking at an old Polaroid that’s been left in the sun.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Indigo 9 Digital

SEPTEMBER 7, 2022

The prevailing wisdom at the time which hasn’t gone completely away is that you can’t translate a high touch experience, one often involving thousands of dollars, online. Farfetch claims it is the largest digital marketplace for luxury fashion. But it’s true. But Net-a-Porter is now adding more concession arrangements.

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

Retalon

OCTOBER 24, 2023

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. Billion in overstocks.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 14, 2022

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. Billion in overstocks. Brand Image.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

MAY 25, 2020

A product is introduced at a high price, and the price is gradually lowered as demand for the item declines. At the same time, Sales increase. because more people buy at lower prices). Finally, Total Weekly Profit quickly falls at the end. For example you can’t simply start selling cucumbers at $10 a piece.

Markdowns 41

Markdowns Promotions Management Marketing 41

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Bundled Pricing 41

Retalon

APRIL 14, 2021

Developing a solid product assortment strategy at the beginning optimizes revenue and profit while minimizing the risk. Other opportunities by which store clusters can be created may include looking at store behaviour in terms of sales, trends, climate, seasonality, or culture-specific demographics.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

NOVEMBER 19, 2018

The decision came after similar announcements from other fashion retail competitors such as Gucci, DKNY, Versace, Burberry and Columbia Sportswear. The decision to drop fur, or any other category/sub-category of product, isn’t an easy one for retailers, especially those in high-end fashion retailing. Learn more at retalon.com.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

The decision came after similar announcements from other fashion retail competitors such as Gucci, DKNY, Versace, Burberry and Columbia Sportswear. The decision to drop fur, or any other category/sub-category of product, isn’t an easy one for retailers, especially those in high-end fashion retailing. Learn more at retalon.com.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

APRIL 21, 2021

At its most basic, order fulfillment is the combination of steps required to get products into the hands of customers. In other words, it means getting products to your customers at the right time in the most cost-effective way possible. Will you deny returns at a store level? Emphasizing BOPIS. How does it work?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retail Adventures

JANUARY 1, 2024

Add your telephone number and web address in 10-14” white reflective vinyl letters at the center bottom of your main windows. Light your window displays at night. While you are still at the front of your store check its sight line – you want shoppers to be able to see into and through the sales floor. Check your sight line.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retalon

MARCH 4, 2019

Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

SEPTEMBER 11, 2020

In today’s landscape, when a new fashion retail trend latches on, companies need to have the ability to make the right decisions quickly. So, why is advanced analytics so successful and what is the difference between the traditional approach and this new advanced approach to fashion analytics? Fashion Retail’s Unique Challenges.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Inside Retail

FEBRUARY 9, 2022

For discretionary retailers – fashion, homewares, sporting goods and the like – the balancing act is harder. The planners in turn use data and adopt planning methodologies of varying complexity to move stock at optimum price and margin. . The role of discounts coupled with seasonal markdowns needs to be managed more than ever.

Planning 130

Planning Markdowns Sporting Goods Shipping 130

Inside Retail

AUGUST 24, 2023

Embattled US fashion company Gap has reported an 8 per cent decline in second-quarter sales to US$3.55 Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. billion as its market share continues to erode. Over the past two years, Gap’s sales are down by 15.7

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). At best, they give you a dashboard of conditions right now. Each functional team looked at data differently, had different priorities, and had different decision-making lead times. Merchants and inventory managers attended more co-planning meetings. The result?

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Inside Retail

JUNE 20, 2023

Similarly, AI can analyse social media images and fashion magazines to identify emerging trends, helping retailers stay ahead of the curve and stock products that will interest customers. GenAI can adapt to resonate and connect at the appropriate level, given the task or resolution at hand.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retalon

AUGUST 16, 2019

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

How can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect? This is the level of exclusivity their customers expect and prefer.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

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 184

Drop-Shipping Merchant Services Fulfillment Shipping 184

Retalon

SEPTEMBER 11, 2020

Demand is an economics concept that describes the willingness of consumers to purchase a specific product at a specific price. Therefore, demand forecasting is a statistical prediction of the willingness of consumers to purchase specific products, at a specific price, in a specific time frame.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 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. 2. Sizes left over.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32