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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 to Align Markdowns with Psychological Pricing and Marketing 

Wiser

They are also a way to ensure markdowns and promotions are effective. The last thing you want to do is condition your consumers to only shop during sales. 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.

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More recessions lessons from Greenlit Brands, Camilla, Super Retail

Inside Retail

Some of these retailers have gotten into trouble because they foresaw the challenges of the supply chain – the shortage of containers and container ships – and they overspeculated on their inventory, which is just a gamble. Today, with data analytics, shopping habits are far easier to assess. Cash is king. Know your demographics.

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Meet Lindsay Nicholas, the fashion designer bringing NY edge to Melbourne

Inside Retail

With luxurious touches, such as a VIP area with velvet chairs, a personal shopping service, and free domestic shipping for in-store customers, Nicholas calls it “one of the most elegant stores” she has ever seen. In the US, women are more averse to a drop-crotch pant, which in Australia is more common.

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The Order Fulfillment Process in 2022 and Beyond

Retalon

How, when, and where the customer prefers to experience their product fulfillment affects the sourcing and shipping decisions. In fact, recent McKinsey industry research found that when delivery (fulfillment) times are too long, almost half of consumers will shop elsewhere. Customer preference (fulfillment). Why is this happening?

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. That’s the billion dollar question.

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Retail Crisis: Why Mountains Of Excess Inventory And Overselling Is Set To Kill Off Many Promising Businesses

Retail Minded

The never-before-seen surge in online shopping. Stockouts were disastrous for retailers during the pandemic – up by 250% (Adobe, 2021) – and with 37% of consumers saying they’d simply shop elsewhere if they couldn’t find what. Of course, this level of demand could not be maintained – and in 2022, they have dropped.