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

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Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative.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 269

Merchant Services Inventory Management Grocer Customer Experience 269

Retail TouchPoints

SEPTEMBER 29, 2022

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Here, we look at some of the initiatives — transparent sourcing, greater demand forecasting, recommerce and sustainable packaging — retailers are using to be more sustainable. Transparent sourcing.

Fast Fashion 331

Fast Fashion Fashion Markdowns Consumer 331

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. 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

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. And then at the end of the season, they don’t have to mark down because they have nothing to get rid of. The rent is a lot lower.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

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