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 Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. A recent global shopper survey revealed that while 78% of shoppers often or always shopped in-store prior to COVID, by spring 2021 that had dropped by half to 39%. 41% to an in-store flyer today.

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Markdowns Promotions Shopping Planning 200

Retail TouchPoints

OCTOBER 22, 2020

As the pandemic moves into new phases, responses lurch wildly between complete lockdowns to fast-track reopenings and back to lockdowns, at different cadences in every country, state or even locality. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.

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Promotions Markdowns Returns Shopping 130

Inside Retail

JUNE 1, 2021

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

Consumer Markdowns Planning Fulfillment 246

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.

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Location Markdowns Accounting Promotions 176

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.

Markdowns 147

Markdowns Promotions Consumer Planning 147

Retail Focus

DECEMBER 8, 2021

The UK’s cost of living squeeze is making Millennials and younger demographics more sensitive to pricing and promotions, the latest research from antuit.ai , the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

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. “Shopper behavior is also less predictable today, requiring more creative experimentation in merchandising and marketing.

Markdowns 188

Markdowns Fulfillment Shipping Marketing Spend 188

Wiser

AUGUST 3, 2017

These two types of brands often choose to go about retail promotions in different ways. In this article we will break down the elements all retailers and brands need to carry promotions out as efficiently as possible. . Your competitive positioning is a key metric when planning retail promotions. Know Where You Fit in .

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Promotions Markdowns Marketing Checkout 99

Retail TouchPoints

SEPTEMBER 17, 2021

New data from the Adobe Digital Economy Index highlights the staying power of online shopping habits formed during the pandemic, seemingly answering one of the biggest questions of the year: will ecommerce continue to grow, or settle down to pre-pandemic levels? Shoppers are making larger purchases , with average order value up 13% at $169.

Consumer 217

Consumer Home Furnishings Apparel Markdowns 217

Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. The pressure shows up most in terms of profit which, at net income level, fell by 28 per cent this quarter.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Retail TouchPoints

FEBRUARY 15, 2023

Accenture’s AI.Retail platform — which helps retailers better utilize data and artificial intelligence to optimize common operations such as customer acquisition, pricing and promotions, assortment and supply chain — can now be deployed on Google Cloud. Current customer Albertsons Cos.

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Merchant Services Markdowns Store Operations Planning 266

Retail Adventures

SEPTEMBER 28, 2020

Here are even more easy ways to save money during the pandemic and beyond: Shop when the entire store is on sale: These days it’s crazy to pay full price when so many stores are running sales. Shop out of season: Right now retailers are hung with product they couldn’t sell because their stores were closed due to COVID-19.

Shopping 90

Shopping Markdowns Consumer Promotions 90

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. alongside a large QR code.

Merchant Services 268

Merchant Services Inventory Management Grocer Customer Experience 268

Retail TouchPoints

JANUARY 3, 2023

Becoming proficient at navigating these obstacles is key to protecting retail profits. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. Inflation and the Incredible Shrinking Margin. Bad Bots are Siphoning Profits.

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Merchant Services Payment Services Accounting Checkout 289

Retail TouchPoints

SEPTEMBER 8, 2023

At the same time, many retailers are reporting higher and higher shipping costs, which are affecting profits on their balance sheets. The Trouble With Promise Engines The promise engine market is filled with innovative solutions that excel at generating precise promises.

Merchant Services 202

Merchant Services Shipping Fulfillment Markdowns 202

Retail TouchPoints

APRIL 6, 2022

They want to be certain they’re making the right purchase, so help them arrive at that decision with full confidence. Time-sensitive or exclusive items can be promoted on an aisle endcap. An item’s popularity or novelty can be communicated via badges that read “best seller,” “newly added,” or even “new markdown.”

Checkout 282

Checkout Markdowns Apparel Promotions 282

Retail Focus

FEBRUARY 8, 2022

And right now, it looks as though they are not getting all the information and help they need; the research also showed that 57% would like to have more access to product details in addition to pricing, whilst 49% would like more digital signage at the shelf-edge to help inform their buying decisions.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Retail Adventures

DECEMBER 1, 2020

Because we know that October and November were incredibly busy months, but we also know that the last 24 days of shopping before Christmas is time to kick it into high gear. If you have to do pre-Christmas markdowns do it while the sales floor continues to be busy with shoppers. Markdowns allow you to maximize your invested dollars.

Markdowns 98

Markdowns Cross Merchandising Promotions Shopping 98

Retail Design Solutions

FEBRUARY 23, 2024

Introduction In the ever-evolving landscape of retail, technology continues to revolutionise the way we shop. At RDS we embrace technology so let’s explore the rise of AI-driven digital pricing, its potential benefits, and the concerns it raises for both consumers and retailers.

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Markdowns Supermarket Inventory Management Consumer 52

Independent Retailer

DECEMBER 23, 2022

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . This is complicating retailer’s ability to shift with consumer behaviors,” Dr. Madhav Durbha, VP supply chain strategy at Coupa , said. Offer Promotions & Product Markdowns.

Inventory Management 76

Inventory Management Wholesale Management Markdowns 76

Wiser

AUGUST 25, 2020

On top of that, local and national governments will have their own guidelines and requirements for organizations at this time. Perhaps you reduced your hours or installed hand sanitizer at the entrances. 4: Use Promotions and Markdowns to Move Seasonal Inventory. This will help prepare everyone for when they do come back.

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Markdowns Payment Services Promotions Drop-Shipping 120

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

Retail Adventures

JULY 13, 2021

Before the pandemic, when things were “normal”, customers shopped in strange patterns and their choices were not divided equally among retailers. Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. customers will go someplace else to shop. Start here: 1.

Markdowns 98

Markdowns Returns Planning Promotions 98

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store.

Markdowns 254

Markdowns Retailing Pricing Promotions Fulfillment 254

Retail Adventures

JUNE 4, 2020

The COVID-19 shutdown put retailers at a disadvantage and now everyone is playing catch up. Here are some of the areas to keep at the top of your To-Do List: You have Two Stores Now. As we head into summer and fall, be ready with one major and one to two minor events locked and loaded on your promotional calendar.

Markdowns 90

Markdowns Returns Promotions Planning 90

Retail Adventures

JULY 1, 2020

Even when things were “normal”, customers shopped in strange patterns, and their choices tend not to be divided equally among retailers. Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. customers will go someplace else to shop.

Markdowns 83

Markdowns Returns Planning Promotions 83

Wiser

MARCH 17, 2020

There’s a reason why it’s hard to go shopping and come home with only one item. They might also believe the specific price demonstrates greater value or a markdown. Pricing something at $19.95 There’s also the promotional aspect of it. Well, to be honest, there are likely a few reasons for that).

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Markdowns Consumer Retailing Pricing Promotions 135

365 Retail

NOVEMBER 30, 2022

The move allows the footwear brand to drive sales from markdown and promotional inventory alongside its new ‘made for outlet’ range through Secret Sales’ unique, premium marketplace. This includes alignment on digital spends, affiliates and PPC strategies alongside Google Shopping.

Markdowns 57

Markdowns Accessories Fashion Promotions 57

Retalon

NOVEMBER 11, 2021

The pressure for transformation is coming from all sides, as consumers expect a more streamlined shopping experience, workers expect flexibility and modernity, and competitors like Amazon win more market share using cutting edge tech as their advantage. Digital transformation has changed the way consumers shop and how retailers operate.

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

FEBRUARY 24, 2022

Fewer markdowns. Who uses open to buy : OTB can be used at all levels — company-wide, sales channels, departments, product categories, and sub-categories. Where you started is simple: it is the planned inventory at the beginning of the sales period. Other sales periods, such as promotional seasons, are also useful.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Wiser

NOVEMBER 16, 2016

As the holiday shopping season begins, retailers large and small are looking to meet and surpass sales expectations for the year. There’s no oracle that can tell you exactly how to attack the holiday season, or how to predict what your competitors will be doing, but looking at past behavior can be a great indicator.

Promotions 60

Promotions Markdowns Shopping Planning 60

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . What channels do you promote through? What sizes should you offer for each product at each location? Do you run promotions? Run a promotion last year that you don’t plan for this year? For instance, .

Fashion 41

Fashion Markdowns Promotions Accounting 41

Independent Retailer

AUGUST 19, 2022

85 percent of customers will not shop with a retailer again after having had a poor delivery experience. Keith Daniels, Partner at Carl Marks Advisors , advises brands to focus on merchandise that turns quickly and has performing margins in order to survive the holiday season. How Inflation Will Impact the Holiday Shopping Season.

Shipping 85

Shipping Merchant Services Consumer Returns 85

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. Remember, its job is to transition customers from whatever they were doing outside of your store and refocus them on shopping. Work your Decompression Zone.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Indigo 9 Digital

FEBRUARY 28, 2023

Retail is littered with stories like this one, about companies that were once at the top but are no longer relevant. Each step is highly digitized and integrated with another, which allows the company to churn out hundreds of new products tailored to different regions and user tastes at a daily rate. Think Sears.

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Fast Fashion Fashion Apparel Department Stores 98