Retail TouchPoints
OCTOBER 16, 2023
But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. Localization is critical because there’s so much nuance across different regions,” said Matthew Pavich, Senior Director of Retail Innovation at Revionics in an interview with Retail TouchPoints.
Wiser
APRIL 7, 2020
Altering your price, particularly through markdowns, can be a smart strategy, but only if done correctly. Unsuccessful or excessive markdowns can lead to staggering losses in terms of missed revenue and a lower margin on your goods. What are Retail Markdowns? How to Implement a Markdown Strategy. Don’t believe us?
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Inside Retail
DECEMBER 19, 2023
Hear the phrase ‘fashion waste’ and most people immediately associate it with the fast-fashion industry producing products with short lifespans, ultimately destined for landfills. Meanwhile, sustainable fashion business models like resale, rental and repair only unravel the post-consumer garment waste problems.
Inside Retail
FEBRUARY 19, 2022
When most fashion businesses first enter the market, there is no historical data to base their decisions on, so often they allocate the same number of units to every style. . If you look at your ratio and the end sizes are more than 15 per cent of total sales, then there’s an opportunity for you to add a fringe size. The 80/20 Rule.
Retail TouchPoints
JANUARY 7, 2021
These insights are a powerful way to gauge consumer demand for sustainable products with current and past sales data, identify the most profitable promotional strategies, and minimize markdowns and waste from the start. Businesses can then better predict and measure markdown results while dynamically updating markdown plans.
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?
Inside Retail
MARCH 1, 2023
Rising materials and freight costs as well as stronger US dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector. The post Puma sees 2023 profit at about last year’s level as costs weigh appeared first on Inside Retail. Puma’s shares fell 2.6
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