Burberry and Dillard’s limit markdowns to drive high profit sales

May 17, 2021

Burberry and Dillard’s are both focused on driving full price sales of new merchandise in their full line stores. Burberry is looking to accomplish the feat by focusing on high-demand categories, unveiling a new store concept and addressing the consumer desire for omnichannel shopping and fulfillment. Dillard’s is cutting back on marked down merchandise and moving slow turners into carefully placed clearance stores separate from its main fleet.

Recent News

UAW Accuses Mercedes of Intimidation in Alabama Union Vote

The United Auto Workers (UAW) has lodged a formal complaint against Mercedes, alleging that the company interfered with a recent union election at two Alabama factories by intimidating and coercing workers into voting against unionization. The union is seeking a new vote, arguing that the company’s actions violated labor laws and hindered a fair election process.

Citigroup Requiring All Employees to Return to Office

Citigroup is set to bring 600 of its U.S. employees back to the office full-time, signaling a shift in Wall Street’s work culture as regulatory requirements tighten. This move comes as the Financial Industry Regulatory Authority (FINRA), the primary watchdog for U.S. brokerage firms and exchange markets, prepares to reinstate pre-pandemic rules to monitor workplaces effectively. These changes make it challenging for roles like trading to be performed remotely.

Memorial Day 2024 Hours for Retail

As Memorial Day approaches on Monday, May 27, 2024, it’s important to know which businesses and services will be available during the holiday. Memorial Day, often seen as the unofficial start of summer, brings a mix of closures and openings across various sectors, affecting banks, postal services, government offices, and retail stores.

Business Interruption Danger for Food and Beverage Retailers

In a rapidly changing world, the food and beverage industry faces significant risks, with business interruption emerging as the foremost concern. According to WTW’s 2024 Global Food and Beverage Risk Outlook, nearly half of the companies in this sector, about 48%, view business interruption as their primary internal risk. This concern is closely followed by supply chain issues, which 40% of companies identified as a major problem.