Inside Retail

JUNE 1, 2021

We want to be the first port of call for brand-conscious and value-conscious Gen Z and millennial consumers,” said Justin Seskin, one of TheDOM.com’s co-founders, along with Thrills director Howard Blend and It Works managing director Paul Downs. . Everyone might go 30 per cent off on their first markdown, but their reach is limited.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail TouchPoints

JANUARY 7, 2021

It’s a must do if they want to meet consumers’ increasing demand for brands that prioritize environmental and social responsibility. Retailers across verticals must place a greater emphasis on sustainability to remain competitive and reach the growing number of consumers who support prioritizing these efforts when making purchasing decisions.

Markdowns 325

Markdowns Promotions Consumer Planning 325

Wiser

NOVEMBER 29, 2023

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. Consumer promotions, on the other hand, primarily target the end-user of a product or service—the customers. What is Consumer Promotion?

Promotions 146

Promotions Consumer Wholesale Advertising 146

Retail TouchPoints

SEPTEMBER 17, 2021

The Adobe Index — which analyzes consumer transactions across more than 100 million SKUs in 18 categories — found that consumers have spent more than $541 billion online in the first eight months of this year, from January through August 2021. However, the report indicates that consumer fears about inflation have not been inflated.

Consumer 222

Consumer Home Furnishings Apparel Markdowns 222

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 175

Outdoor Markdowns Apparel Fulfillment 175

Retail Dive

JUNE 7, 2022

Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.

Markdowns 119

Markdowns Consumer 119

Retail Wire

MAY 17, 2021

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. Burberry and Dillard’s are both focused on driving full price sales of new merchandise in their full line stores.

Markdowns 100

Markdowns Fulfillment Consumer Shopping 100

Inside Retail

OCTOBER 25, 2022

Another is markdowns. With consumer preferences changing rapidly, it’s harder than ever to accurately forecast demand. Adjust your sourcing strategies to help reduce markdowns. This strategy works for seasonal markdowns, too. Retailers are stuck with stock that just isn’t moving fast enough. One way is liquidators.

Markdowns 130

Markdowns Fulfillment Shipping Location 130

Retail TouchPoints

MARCH 14, 2023

Returns are essentially the last link to the circle that closes the consumer loop when it comes to a decision.” When it’s out of season, they have to do markdowns, so it starts a vicious cycle. Someone bought that item a week ago, and now it’s $10 or $20 cheaper, so they return the full price item and buy a markdown item.

Returns 224

Returns Markdowns Fulfillment Consumer 224

365 Retail

FEBRUARY 26, 2024

With retailers removing best-before dates to reduce food waste, UK consumers still want supermarkets to offer discounts on goods nearing expiry, according to the latest data from Retail Insight , the leading provider of store operations execution software.

Markdowns 62

Markdowns Supermarket Grocer Store Operations 62

Retail TouchPoints

SEPTEMBER 1, 2023

Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. Dollar General reported a net sales increase of 3.9% billion, largely driven by positive sales contributions from new stores. These sales helped offset a 0.1% The retailer also saw a staggering 24.2% in Q2 2022.

Markdowns 240

Markdowns Apparel Planning Consumer 240

Retail Wire

JULY 16, 2021

Burberry, which operates 454 stores, reports that sales in the last quarter were up 86 percent over 2020 and one percent from 2019, as younger consumers purchased the luxury retailers clothing and accessories. “We

Markdowns 130

Markdowns Accessories Consumer 130

Retail TouchPoints

AUGUST 19, 2021

Back-to-school surveys across the retail sector point to a strong season, spurred by pent-up consumer demand. Jeff Orschell, EY’s Americas Consumer Retail Leaders, noted that global data as well as the firm’s consumer research point to demand remaining elevated, despite the uncertainties.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Retail Dive

AUGUST 7, 2023

Though consumers are still spending, a Numerator report suggests that they continue to search for markdowns.

Markdowns 86

Markdowns Promotions Consumer 86

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Retail Dive

AUGUST 17, 2022

The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?

Markdowns 105

Markdowns Planning Consumer 105

Retail TouchPoints

MAY 30, 2023

This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. Genesco’s gross margin was 47.3% in Q1 2024, compared to 48.3% in Q1 2023. This is really a newer initiative for us.

Location 179

Location Markdowns Accounting Promotions 179

Inside Retail

JANUARY 31, 2022

In recent years, consumer awareness around sustainability has continued to grow, as shoppers are now demanding to know the origin of the products that they purchase. 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.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

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 TouchPoints

NOVEMBER 8, 2022

But the truth is that we live in an increasingly “instant gratification hustle culture,” where consumers know precisely what they want and have high expectations. Using AI for search, merchandising and personalization is necessary to deliver a great customer experience and provide consumers with what they want.

Returns 288

Returns Markdowns Inventory Management Customer Experience 288

Retail Gazette

OCTOBER 20, 2023

in its second quarter despite the ongoing cost of living crisis dampening consumer spending habits. 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%

Markdowns 98

Markdowns Management Consumer ATS 98

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retail TouchPoints

SEPTEMBER 29, 2022

There are signs of a disconnect between consumers and retailers when it comes to sustainability. A recent report has found that two-thirds of consumers are willing to pay more for sustainable products than retailers expect — and reveals that consumer preference for recommerce models is also being underserved. A Starting Point.

Fast Fashion 335

Fast Fashion Fashion Markdowns Consumer 335

Retail TouchPoints

DECEMBER 22, 2022

With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand. While these are all valuable inputs, they lack the foresight and first-party nature of direct consumer validation. Striking this balance is delicate, to say the least.

Retailing Pricing 260

Retailing Pricing Markdowns Consumer Marketing 260

Inside Retail

APRIL 17, 2023

All that combines to shift the mindset of consumers to what we call ‘mindful consumption’. Tread carefully because markdowns will bite hard if you misjudge stock weights. And we predict the influence of the mindful consumer will last for a long period of time. But the effects on people’s wallets will be felt for months to come.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Retail TouchPoints

SEPTEMBER 15, 2020

COVID-19 has massively influenced consumer behavior, and the economic fallout has had a huge impact on the role of price perception. As a result, consumer behavior has become harder to predict across multiple locations, which makes zone pricing a must for retailers. Within the U.S.,

Markdowns 210

Markdowns Technical Support Promotions Wholesale 210

Retail Focus

DECEMBER 8, 2021

With increasing numbers of retailers passing on rising production costs – prompted by supply chain tension and labour market shortages – to the consumer, the CBI warns shoppers face the biggest price rises in 30 years this Christmas. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 147

Markdowns Promotions Consumer Fashion 147

365 Retail

SEPTEMBER 18, 2023

UK consumers are turning their sustainability efforts towards resourceful consumption, reducing food waste to shop sustainably while keeping food bills down, according to the latest data from Retail Insight , the leading provider of store operations execution software. The latest data from WRAP suggests UK households throw away 4.5

Markdowns 52

Markdowns Consumer Store Operations Shopping 52

Retalon

SEPTEMBER 1, 2023

The average holiday shopping duration among consumers in the US has gone from an average of 7.1 Optimize pricing for varied income brackets Retailers who provide products with a range of prices, low to high, tend to do well because they attract the broadest range of consumers from all income brackets. weeks in 2018 to an anticipated 5.8

Markdowns 41

Markdowns Net Profit Consumer Location 41

Retail TouchPoints

JUNE 26, 2023

Consumers want more information about the products they buy, and retailers want more visibility into the products their customers buy. Additionally, as consumers demand more transparency from the brands they purchase from, retailers can use these codes as an opportunity to share information on a product’s origin. Who doesn’t want that?

Merchant Services 271

Merchant Services Inventory Management Grocer Customer Experience 271

Retalon

MAY 10, 2024

The goal of the budget is to purchase the necessary quantities of products that will satisfy consumer demand. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Inside Retail

JUNE 30, 2023

Nike has been caught on the hop in term of the levels of stock it ordered – and it was too slow to react to the more sluggish levels of growth that have come with a challenging consumer economy. We believe that further markdowns and write-downs will be needed as Nike enters its new fiscal year which will heap further pain on the bottom line.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

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

Cisco Retail

AUGUST 12, 2022

It uses the same, familiar markdown concept for text formatting, document linking and image references, as you would use with GitHub , Webex messaging app or Webex API. Dendron Markdown with Preview Showing mermaid Flow Chart. The main thing is to organize and template reasonable information for others to consume and be consistent.

Markdowns 108

Markdowns Management Consumer 108

Retail TouchPoints

FEBRUARY 15, 2023

So it could be markdown optimization or customer analytics or supply chain or assortment and merchandising — there are a lot of use cases that retailers tend to need. and all of those have a data and analytics element, which is what we’re helping them figure out.”

Merchant Services 270

Merchant Services Markdowns Store Operations Planning 270

Retail Adventures

SEPTEMBER 28, 2020

Many consignment stores list upcoming markdowns right on the price tags – each tag shows the starting price and the dates that markdowns will occur. Shop consignment stores: So much of the merchandise in consignment stores is brand new or in excellent condition. Store Cash: Kohl’s Cash is like getting paid to shop.

Shopping 90

Shopping Markdowns Consumer Promotions 90

Retail Design Solutions

FEBRUARY 23, 2024

This shift not only aims to reduce food waste but also offers retailers greater flexibility in offering discounts and influencing consumer behaviour. 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.

Markdowns 52

Markdowns Supermarket Inventory Management Consumer 52