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Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

Additionally, shoppers are continuing to buy even after school has started to save on markdown items and stretch their budgets further. Traditionally, your parents loaded up the car and dropped you off at the beginning of the [college] school year with everything you would need” throughout the year, said Clayton.

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What are Retail Markdowns?

Wiser

Altering your price, particularly through markdowns, can be a smart strategy, but only if done correctly. Unsuccessful or excessive markdowns can lead to staggering losses in terms of missed revenue and a lower margin on your goods. What are Retail Markdowns? How to Implement a Markdown Strategy. Don’t believe us?

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Is Your Fulfillment Strategy Healthy Enough to Keep Pace with Customer Expectations?

Retail TouchPoints

It was no longer enough to route orders to a handful of DCs and drop ship vendors. Doing extensive online research, and then opting for the speed of curbside pickup over ship to address? The picture gets even blurrier when you try to define what exactly constitutes a digital transaction.

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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Clinton Cahn, CEO of The Reject Shop, noted that there has been a rise in demand for everyday essential items, whereas its discretionary range showed a drop-off in demand, which affected margins. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

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How to Align Markdowns with Psychological Pricing and Marketing 

Wiser

They are also a way to ensure markdowns and promotions are effective. If your markdown and sale patterns become obvious to your consumer, they will wait for those markdowns and hold off on shopping until a promotion rolls around. Free shipping with a minimum threshold can also help increase average order value.

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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. What can the retailer learn from and improve?

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Save Big on Amazon New Year Sale: Smart Shopping Strategies for 2023

Small Biz Trends

Other tech items from brands like Dyson also feature substantial markdowns, offering you the latest in small business technology. Fast and free shipping further supports your project timelines, especially critical in the bustling New Year period. How does Amazon Prime membership enhance the shopping experience?