Retail Focus

FEBRUARY 27, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 147

Markdowns Supermarket Grocer Store Operations 147

Wiser

AUGUST 15, 2017

In a perfect retail world, markdowns wouldn’t be necessary and every item would sell at full price within weeks of being in store. This is where markdowns come in handy, as the demand for a product diminishes, sales can encourage shoppers to purchase an item they wouldn’t have considered buying at full price.

Markdowns 90

Markdowns Promotions Planning Shipping 90

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 185

Outdoor Markdowns Apparel Fulfillment 185

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.

Markdowns 325

Markdowns Promotions Consumer Planning 325

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores. .);

Markdowns 220

Markdowns Promotions Apparel Shopping 220

Retail TouchPoints

AUGUST 19, 2021

We’ve done our Future Consumer Index seven times during COVID-19 and at this point, 19% say they have no fear at all [about COVID-19] and 33% say they’ll feel more comfortable in the next six months,” Orschell said in an interview with Retail TouchPoints. However, availability of products continues to be a challenge for many retailers.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Inside Retail

JULY 6, 2023

Local customers can see what is on sale in their neighbourhood supermarkets and actively participate in reducing waste in their community “Typically, retailers have to rely on shoppers sporadically finding a markdown in store while preoccupied with their shopping. The Gander app is available for download on iOS and Android devices.

Grocer 264

Grocer Consumer Markdowns Supermarket 264

Retail TouchPoints

APRIL 27, 2021

The solution also will help Sally Beauty create more effective promotions through enhanced targeting and develop profitable markdown plans. The partnership comes as Americans look to freshen up their appearance for the post-pandemic future.

Markdowns 264

Markdowns Promotions Planning Target Market 264

Inside Retail

OCTOBER 25, 2022

Another is markdowns. But with Ship from Store you can fulfil online orders from your entire pool of inventory, enabling you to sell more at higher margins, deliver faster and get more value from your in-store inventory – while also mitigating risk. Adjust your sourcing strategies to help reduce markdowns.

Markdowns 130

Markdowns Fulfillment Shipping Location 130

Retail Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels.

Markdowns 200

Markdowns Promotions Shopping Planning 200

365 Retail

FEBRUARY 26, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 63

Markdowns Supermarket Grocer Store Operations 63

Retail TouchPoints

APRIL 26, 2022

Spanish children’s clothing retailer Charanga will deploy the Nedap iD Cloud platform at all owned stores, franchised stores and displays inside El Corte Inglés locations in Spain, Portugal and Italy. The technology also is expected to help reduce waste and lead to fewer markdowns.

Markdowns 228

Markdowns Shipping Location Shopping 228

Retail TouchPoints

MARCH 14, 2023

That means online retailers in particular should be on the lookout for ways to minimize the costs returns incur as well as the number of returned items that come in , since minimizing markdowns during a tough economic climate is one area where return minimization strategies can have an impact on the retailer’s bottom line. “

Returns 236

Returns Markdowns Fulfillment Consumer 236

Retail TouchPoints

NOVEMBER 29, 2022

Under the new market delivery model, large items are shipped directly from DCs to the customer, reducing the number of “touches” for each order and freeing up space at brick-and-mortar stores. This helps us to not only capture sales, but also mitigates markdown risk because we avoid stranding product unnecessarily in our stores.

Fulfillment 268

Fulfillment Markdowns Store Operations Customer Experience 268

Inside Retail

JUNE 1, 2021

Seskin, whose father, JD Sports Australia chairman Hilton Seskin, is a strategic advisor to TheDOM.com, declined to name the brands that will be available at launch, but said the team has been “hand-picking” the ones it wants to work with. “We’ve Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Mass Relators

AUGUST 15, 2022

Walmart has cut about 200 jobs at its corporate headquarters in what a spokesperson characterized as a way to “better position the company for a strong future.”. is requiring more markdown dollars. The post Walmart cuts jobs at headquarters appeared first on MMR: Mass Market Retailers. BENTONVILLE, Ark.

ATS 52

ATS Markdowns Apparel Advertising 52

Retail Focus

FEBRUARY 17, 2022

Antuit.ai’s Forecasting, Allocation and Replenishment solution is an omnichannel-aware suite that employs leading-edge AI and machine learning to anticipate consumer demand at the most granular levels across all fulfilment channels by leveraging internal and external data to evaluate all demand drivers.

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Retail TouchPoints

MAY 30, 2023

Comparable sales at Journeys plummeted 14% , dragging the company’s overall comparable sales down 5% despite positive results from the Schuh and Johnston & Murphy banners. Inventories increased 17% year-over-year at these banners, but the increase was attributed to fueling rapid growth. Genesco’s gross margin was 47.3% in Q1 2023.

Location 187

Location Markdowns Accounting Promotions 187

Retail Smart Guys

MARCH 23, 2024

At Retail Smart Guys , our commitment extends beyond traditional inventory management. This meticulous planning approach has been proven instrumental in reducing markdowns and enhancing profitability. We hope this newsletter finds you thriving in your business pursuits.

Markdowns 52

Markdowns Inventory Management Location Planning 52

Retail Smart Guys

FEBRUARY 19, 2024

As we embark on the exciting journey that is 2024, I wanted to share something that has proven to be a game-changer for our clients at Retail Smart Guys and that is our Inventory Planning service. We ensure not just planning but precision in every step, reducing markdowns, and maximizing profitability.

Markdowns 52

Markdowns Planning Location ATS 52

Cisco Retail

OCTOBER 8, 2021

A: One bite at a time… or so the saying goes. Admittedly, I don’t know of anyone who eats whale one bite at a time (or any way otherwise for that matter). One way is using Jupyter Notebook to combine documentation authored in markdown together with live code. The markdown is rendered. . Q: How do you eat a whale?

Markdowns 138

Markdowns Management Returns ATS 138

Inside Retail

JANUARY 31, 2022

“With this next generation of barcodes, there’s a real opportunity to connect with consumers in ways we haven’t before,” explained Richard Jones, chief marketing officer at GS1. At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

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 Gazette

JANUARY 8, 2024

We’ve unlocked efficiencies at a time when inflation and input costs are starting to fall, enabling us to pass these savings on directly to our customers – bringing down the prices of new and existing lines of everyday essentials and favourites across all our key categories. “So, for 2024 we want to start the year off differently.

Markdowns 111

Markdowns Fashion Planning Management 111

Wiser

OCTOBER 12, 2021

Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more. Can You Execute at the Store Level?

Markdowns 147

Markdowns Promotions Consumer Planning 147

Inside Retail

JANUARY 19, 2022

Burberry is continuing to make inroads with a younger demographic, reporting a 26-per-cent lift in sales of goods at full-price in the latest quarter driven by new customers.

Markdowns 246

Markdowns Shopping ATS 246

Retail TouchPoints

NOVEMBER 25, 2020

At Mejuri, we view data as a strategic asset, especially when it helps us create more compelling customer experiences,” said Majed Masad, COO at Mejuri in an interview with Retail TouchPoints. Mejuri uses the real-time tracking to swiftly, and fluidly, pivot strategies. “A

Markdowns 194

Markdowns Fulfillment Shipping Marketing Spend 194

Retail TouchPoints

FEBRUARY 15, 2023

“We created the Ai.Retail platform several years ago [to offer retailers] a repository of capabilities that teams could quickly pull off the shelf as they’re figuring out what to do with all their data,” said Jill Standish, Global Retail Lead at Accenture in an interview with Retail TouchPoints. “So

Merchant Services 279

Merchant Services Markdowns Store Operations Planning 279

Retail TouchPoints

OCTOBER 15, 2021

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. Edited’s data points to a severe gap in the market creating a feeling of “otherness” among a significant consumer base that has an expanding share of wallet, according to Kayla Marci, Market Analyst at Edited.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

Mass Relators

MARCH 5, 2024

Target said it maintained appropriate inventory levels by category throughout the year, resulting in lower markdown rates, more effective operations, and stronger in-stock measures compared with 2022. The company’s efficiency efforts delivered savings of more than $500 million in 2023, and cash from operations more than doubled from $4.0

Markdowns 52

Markdowns Fulfillment Marketing Management 52

Retail TouchPoints

JUNE 18, 2020

OVERTIME by DICK’S Sporting Goods locations will offer an assortment of apparel, footwear and equipment at up to 75% off. The location will stock brands including Nike , Adidas and Under Armour , with additional markdowns added throughout the year to keep inventory fresh.

Sporting Goods 152

Sporting Goods Markdowns Apparel Discount Store 152

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 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 287

Markdowns Operating Expenses Department Stores Planning 287

Retalon

SEPTEMBER 1, 2023

Mark it down…strategically Markdowns are generally part of any product’s life cycle. So, if you have a ton of inventory and markdowns are a must, then the key is to sell it while making the most profit possible. Instead, prioritize strategic markdowns.

Markdowns 41

Markdowns Net Profit Consumer Location 41

Retail TouchPoints

SEPTEMBER 15, 2020

Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior. If you look at grocery stores as an example, many retailers were forced to sell eggs at a loss because their wholesale costs increased dramatically.

Markdowns 213

Markdowns Technical Support Promotions Wholesale 213

365 Retail

SEPTEMBER 18, 2023

Currently, 90% of retailers use static markdowns to sell-through fresh or ambient products nearing their best, which apply binary discounts at various stages leading up to the end of the product’s shelf life. By adopting dynamic markdown models, retailers ensure they don’t leave margin opportunities on the table.”

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

Inside Retail

FEBRUARY 19, 2022

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. To test this, make sure you look at the commonalities in the silhouettes and colours where you want to introduce the fringe size. Proactive markdowns. Extend your size curve.

Fashion 130

Fashion Markdowns ATS Marketing 130