Wiser
APRIL 7, 2020
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?
Wiser
AUGUST 24, 2017
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Inside Retail
AUGUST 25, 2022
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.
Inside Retail
JANUARY 26, 2022
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.
Wiser
AUGUST 25, 2020
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. One reason is that consumers have gotten used to shopping online even more than they already were.
Retail Minded
AUGUST 27, 2022
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.
Independent Retailer
SEPTEMBER 5, 2022
Stockouts were disastrous for retailers during the pandemic, up by 250 percent — and with 37 percent of consumers saying they would simply shop elsewhere if they could not find what they wanted, the general mood was one of impatience. Of course, this level of demand could not be maintained, and in 2022, they dropped considerably.
Expert insights. Personalized for you.
128 
Let's personalize your content