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How to Align Markdowns with Psychological Pricing and Marketing 

Wiser

Or wondered how retailers decide if their promotion will be BOGO or 25 percent off? They are also a way to ensure markdowns and promotions are effective. Selling a limited quantity of items in your promotions creates a sense of urgency. Free shipping with a minimum threshold can also help increase average order value.

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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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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.

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eCommerce Pricing: How to Price for Marketplaces vs. Your Website

Wiser

Plus, the infrastructure is already in place to help warehouse, sell, and ship your products. You also control the assortment, the marketing, the sales funnel, and everything else. There are times when you want to switch up prices more often, such as a promotional period or holiday season. With the popular U.S.

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15 Tips to Succeed as Brick-and-Mortar Retail Reopens

Wiser

4: Use Promotions and Markdowns to Move Seasonal Inventory. We recommend using promotions and markdowns to move that inventory quickly. We recommend using promotions and markdowns to move that inventory quickly. Any promotions or markdowns match with what you’ve done in the past.

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Unfortunately, approximations often lead to lost sales, drastic markdowns, and unfulfilled potential. Reduced markdowns.

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The Order Fulfillment Process in 2022 and Beyond

Retalon

In today’s market, putting the right fulfillment system in place gets you a competitive edge. How, when, and where the customer prefers to experience their product fulfillment affects the sourcing and shipping decisions. The shipping stage of the order fulfillment process flows naturally out of the processing stage.