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H&M profits drop as external pressures and markdowns slow growth

Retail Gazette

H&M has reported a dip in profits for the first quarter of its fiscal year, citing negative external factors, increased markdowns, and ongoing investments. Sales increased by 2% in local currencies to SEK 55.3 billion (4.3bn), falling slightly short of analyst expectations.

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Is General Pants Co next on Alquemie Group’s chopping block? Experts weigh in

Inside Retail

Industry experts are keeping a close eye on the future of fashion retailer General Pants Co, after its owner, Alquemie Group, closed or sold three other retail brands in its portfolio in as many weeks. General Pants Co foggy history Alquemie Group acquired General Pants from the Smorgen family in May 2022 for more than $60 million.

Fashion 179
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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. Fashion retailers like Flourish Boutique even write blogs and create new content around these products to spark interest. A new context can turn a stale item into a must-have.

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ChainDrive vs. Competitors: A Full Comparison of Apparel ERP Solutions for Fashion Retailers

RETAIL MANAGEMENT SOFTWARE

The dynamic world of apparel and fashion demands more than just standard business software. Rapid Product Lifecycles: Fashion moves fast. Wholesale & Retail Integration: Many fashion brands operate both B2B wholesale and B2C retail, requiring an ERP that can manage distinct sales processes, pricing, and fulfillment for each.

Apparel 52
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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product. We never found that [a sitewide sale] is the right approach in the apparel space because that is giving away margin on good products that people pay good prices for, Pavone explained.

Markdowns 130
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Experts discuss Printemps’ chance of success in the US retail market

Inside Retail

“Laura’s experience in luxury, fashion, digital and hospitality is a perfect match for us,” said Bellaiche. We dont want this to be a markdown experience. The retail industry at large is excited to see how the French luxury retailer will play out in the North American market.

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Essential Steps for Surviving Demand Volatility in Business Strategies

Small Biz Trends

Lessons Learned from Failures Fashion Store A : This small business failed to anticipate a sudden shift in consumer preferences, leading to significant excess inventory. They didn’t analyze historical sales trends, resulting in markdowns that cut profits deeply. They saw a 20% reduction in stockouts and increased customer satisfaction.