Indigo 9 Digital

FEBRUARY 28, 2023

After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. Although clothing is a department store staple retailers like Sears or specialty retailers like Gap couldn’t keep up with a more nimble fast fashion retailer like Forever 21. Large stores are inherently risky.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Consider a department store planning for Valentine’s Day. 5 – Protect ROI by optimizing markdowns of your seasonal merchandise.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Indigo 9 Digital

SEPTEMBER 1, 2022

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Rather than a department store which sells food as an extra, Marks is metamorphosing into a grocery powerhouse which sells clothes and homewear as add-ons.".

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retalon

JUNE 10, 2020

Therefore, it’s vital to create your own pricing rules and thresholds (discounts limited to certain product classes, maximum clearance markdowns, etc.) Discover how Retalon automatically forecasts Product Life Cycles for every store / SKU combination. And that’s where markdowns become vital. Optimize Prices for Each PLC Stage.

Planning 41

Planning Markdowns Promotions Accounting 41

Retalon

FEBRUARY 10, 2025

A small mistake, such as misplacing a decimal point or linking to the wrong cell, can lead to inaccurate sales forecasts, incorrect inventory allocations, or miscalculated markdowns. Conversely, if demand drops but a retailer continues to rely on old forecasts, they may over-order stock, leading to excess inventory and unnecessary markdowns.

Planning 41

Planning Inventory Turnover Markdowns Location 41

Indigo 9 Digital

FEBRUARY 7, 2023

This model is different than the buying model used in department stores where items are bought in larger quantities and then are available for longer periods of time. Using a drop model for a hot brand can also help to reduce markdowns as products sell out quickly at full price. Quickly expanding into new product lines.

Apparel 96

Apparel Fashion Markdowns Marketing 96

Retail TouchPoints

JANUARY 13, 2025

Is it time to give up on the department store ? Is it Time to Give up on the Department Store? The death of department stores has been going on since I was a child, and I’m not that young anymore; that same death knell has been rung multiple times, said Spring. Should Macys Inc.

Department Stores 281

Department Stores ATS Markdowns Marketing 281