Retail Times

NOVEMBER 16, 2021

While discounting strategies are often blamed for depleting fashion retailer’s already slim margins, markdowns can drive brand discovery among shoppers, grow ambient sales and increase long-term loyalty, the latest research from antuit.ai, the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals.

Fashion 52

Fashion Markdowns 52

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future.

Consumer 246

Consumer Markdowns Planning Fulfillment 246

Retail TouchPoints

SEPTEMBER 29, 2022

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. The sourcing of raw materials, factory working conditions and the environmental impact of goods distribution matters — and it appears business leaders in fashion and retail are taking note. Greater demand forecasting. Recommerce.

Fast Fashion 332

Fast Fashion Fashion Markdowns Consumer 332

Retail Gazette

JANUARY 8, 2024

The retailer bolstered its online offer last month by adding 10 new third-party fashion brands to its website including Quiz, Yumi and Vanilla with more planned for later this year. It comes as Matalan saw its second quarter EBITDA skyrocket 30% to £47.9m, which it attributed to a tight control of markdowns, effective cost management and a 0.8%

Markdowns 111

Markdowns Fashion Planning Management 111

Retail Wire

MAY 18, 2021

The fashion label is planning to offer additional features include customized patterns and logos over the next year. David Lauren, the company’s chief innovation and branding officer and vice chairman of the board, said that the customized polos will enable the company to reduce waste, limit inventory and cut markdowns on the brand.

Markdowns 100

Markdowns Fashion Planning 100

Retail Gazette

MARCH 11, 2024

to £288.6m, which it attributed to the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. Matalan revealed last October its EBITDA came in at £47.9m in its second quarter, with sales up 0.8%

Markdowns 59

Markdowns Fashion Accounting Planning 59

Retail TouchPoints

OCTOBER 15, 2021

But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. That means brands and retailers need to tackle some of the innate legacy issues that have hindered inclusivity in fashion. billion in the U.S.

Consumer 289

Consumer Merchant Services Markdowns Fulfillment 289

Inside Retail

MARCH 17, 2024

Bartle said consumerism is viewed as a dirty word, at least in some quarters, and there is much talk of slow fashion and buying less. Markdown strategies are damaging in the long term, and would interfere with the social justice mission Outland Denim is trying to achieve.

Wholesale 130

Wholesale Markdowns Fast Fashion Promotions 130

Inside Retail

FEBRUARY 9, 2022

For discretionary retailers – fashion, homewares, sporting goods and the like – the balancing act is harder. Managing new opening price points, discounts, markdowns, and the resulting final margins in an inflationary environment is a challenge not faced by Merchandise Planners in the past 20 years.

Planning 130

Planning Markdowns Sporting Goods Shipping 130

Retalon

MARCH 2, 2021

Business-Specific Analytics & AI for Fashion Retailers. But let’s be honest, what do fast food restaurants, automotive, luxury fashion, and an online pharmacy have in common? The one constant in fashion retailing is that there are no constants. The word “retail” gets used interchangeably as if all retailers are all the same.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Inside Retail

APRIL 17, 2023

From essentials – at the supermarket and the petrol pump, in the mortgage and in the power bills – to the not-so-essentials, such as the local café, the fashion boutique, the travel agent and the new car dealer. Tread carefully because markdowns will bite hard if you misjudge stock weights.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Retail Gazette

MARCH 11, 2024

The fashion and home retailer bounced back into the black when it was acquired by a group of investors at the start of last year, as it made a pre-tax profit of £255,500 in the 52 weeks to 25 February 2023, up from a loss of £2,500 the year before. in its second quarter, with sales up 0.8%

Markdowns 52

Markdowns Fashion Accounting Returns 52

Inside Retail

MARCH 1, 2023

Rising materials and freight costs as well as stronger US dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector.

Markdowns 130

Markdowns Sporting Goods ATS Promotions 130

Retalon

MAY 10, 2024

If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Previous commitments In the fashion industry, for instance, it’s common to plan and commit to certain expenditures well in advance.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retail TouchPoints

NOVEMBER 8, 2022

Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. A 3D modeling technology like True Fit, used in most online fashion sites, allows the consumer to get an accurate picture of the correct garment fit.

Returns 286

Returns Markdowns Inventory Management Customer Experience 286

Retail Times

MAY 13, 2021

versus FY2018/19), full-price comparable store sales grew by 7% as its focus on streetwear attracted younger shoppers and resonated well with consumers, and the reduction of markdowns boosted its brand equity.

Markdowns 76

Markdowns Fashion Returns Consumer 76

Retail Focus

DECEMBER 8, 2021

Meanwhile, 54% of 25-34 year olds cut back on fashion spend due to either job or financial uncertainties, +12% higher than the typical UK shopper.

Markdowns 147

Markdowns Promotions Consumer Fashion 147

Retail TouchPoints

MARCH 3, 2023

“In the fourth quarter, we benefited from our disciplined inventory approach and compelling gift-giving strategy, which allowed us to provide fresh fashion and style at great values for all our customers,” said Jeff Gennette, Chairman and CEO of Macy’s in a statement. “We

Markdowns 273

Markdowns Operating Expenses Department Stores Planning 273

Retail Gazette

OCTOBER 20, 2023

a year earlier as the retailer attributed the improved profitability to its sales performance, tight control of markdown, effective cost management, and positive movements in input prices. Matalan has seen its revenue rise 0.8% to £288.6m in its second quarter despite the ongoing cost of living crisis dampening consumer spending habits.

Markdowns 98

Markdowns Management Consumer ATS 98

Retail Gazette

JULY 31, 2023

Fast-fashion retailer In The Style has named influencer Perrie Sian as its first creative director, effective immediately. The online fashion retailer had launched a strategic review in December, led by investment bank Lincoln International. Click here to sign up to Retail Gazette‘s free daily email newsletter

Markdowns 52

Markdowns Fast Fashion Wholesale Fashion 52

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retail TouchPoints

JUNE 26, 2023

And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. Doesn’t that sound amazing?!

Merchant Services 269

Merchant Services Inventory Management Grocer Customer Experience 269

Inside Retail

AUGUST 25, 2022

Laura Inman, non-executive director at Super Retail Group and chair of Melbourne Fashion Festival. Non-executive director, Super Retail Group , and Chair, Melbourne Fashion Festival. All too often, especially if there are supply chain challenges, retailers will be reluctant to take the deep markdowns required to clear the stock.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Inside Retail

AUGUST 24, 2023

Embattled US fashion company Gap has reported an 8 per cent decline in second-quarter sales to US$3.55 Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. billion as its market share continues to erode. Over the past two years, Gap’s sales are down by 15.7

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

365 Retail

JULY 16, 2021

Sales at high-end fashion brand Burberry have returned to pre-pandemic levels despite some restrictions for Covid-19 still remaining in place, the company revealed. Gigi Hadid and Kendall Jenner during the Burberry show at last year’s London Fashion Week (Aaron Chown/PA).

Returns 73

Returns Markdowns Fashion Wholesale 73

Inside Retail

JUNE 20, 2023

Similarly, AI can analyse social media images and fashion magazines to identify emerging trends, helping retailers stay ahead of the curve and stock products that will interest customers. The Louis Vuitton mobile app, for example, enables users to take photos of a Louis Vuitton bag and then shows them how and where to purchase it.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Inside Retail

JUNE 30, 2023

We believe that further markdowns and write-downs will be needed as Nike enters its new fiscal year which will heap further pain on the bottom line. This applies especially to apparel where brand loyalty isn’t as strong as it is for sneakers. Even so, these actions will not be enough to quickly remedy the inventory overages.

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Inside Retail

MARCH 15, 2022

Store grading – retail stores all come in different sizes and locations with varying customer demands: fashionability, location and price for example. Reduce markdown activity through planning width (number of options) and depth (units per option) of range. This is all managed by the store grading. More on this later.

Planning 130

Planning Store Layout Markdowns Location 130

365 Retail

NOVEMBER 30, 2022

Secret Sales , the premium non-full-price marketplace for fashion, sportswear and beauty brands, today announced its partnership with Kurt Geiger Limited , the luxury British footwear and accessories brand. The post Kurt Geiger launches on Secret Sales appeared first on 365 RETAIL | Retail Technology News.

Markdowns 57

Markdowns Accessories Fashion Promotions 57

Indigo 9 Digital

FEBRUARY 28, 2023

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Inside Retail

JULY 4, 2023

The fashion element is also huge: Chinese consumers love bright colours and conspicuous designs, predilections that the sneaker manufacturers eagerly service. Nike, Adidas and Puma are, of course, heavily invested in the global marketplace and China is only one part of it.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Retalon

OCTOBER 24, 2023

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. How do retailers get into this mess? Incentives A current U.S.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Indigo 9 Digital

SEPTEMBER 7, 2022

Farfetch claims it is the largest digital marketplace for luxury fashion. With more pricing control brands can offer more merchandise at full price, avoiding markdowns which are thought to negatively impact a luxury brand’s image. In 2015 Farfetch purchased Browns, a luxury fashion boutique in London. Do you like this content?

Boutique 98

Boutique Fashion Customer Experience Markdowns 98

365 Retail

SEPTEMBER 30, 2021

The results are explained by much-appreciated collections, lower markdowns and good cost control combined with the initiatives implemented in areas such as tech and the supply chain. “As As restrictions have been eased in many markets store sales have started to pick up again, all while online sales have continued to grow.”. “We

Markdowns 48

Markdowns Fashion Marketing 48

Indigo 9 Digital

FEBRUARY 7, 2023

From Skims’ focus on inclusivity, to partnering with brands like Fendi, to creating a fashion brand that elevates the look of your everyday basic apparel it’s clear that Kardashian’s years of experience in the fashion industry paid off when she created this brand. Brands are successful for a reason. Limiting demand to drive sales.

Apparel 96

Apparel Fashion Markdowns Marketing 96

Retalon

FEBRUARY 14, 2022

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. How do retailers get into this mess? Brand Image. Incentives.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41