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

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

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

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 during Q4, but they were up 0.6% at its flagship banner and up 5.8%

Markdowns 291

Markdowns Operating Expenses Department Stores Planning 291

Retail Gazette

MARCH 11, 2024

Matalan’s pandemic cost-cutting efforts returned the business to stable ground ahead of its sale last year, helping to provide a launchpad as it steps up its transformation plans under CEO Jo Whitfield. in its second quarter, with sales up 0.8% Matalan said it will report its full year results for the current trading period in June.

Markdowns 52

Markdowns Fashion Accounting Returns 52

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? Run a promotion last year that you don’t plan for this year? The one constant in fashion retailing is that there are no constants.

Fashion 41

Fashion Markdowns Promotions Accounting 41

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. We spoke with customers, watched them shop and planned accordingly. Equally, keeping all financial stakeholders informed and on side with plans.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

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

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

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? Poor Demand Forecasting.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Everything you need to know about product assortment strategy.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. For example, fashion retailers often see products with trending styles and colours pull sales from last season’s top sellers.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retalon

APRIL 14, 2021

What is a retail markdown strategy? A retail markdown strategy is a plan that describes when and how certain products should go on markdown. Having a markdown strategy is important because, all too often, markdowns are a kneejerk reaction to end-of-life inventories. ” What are markdowns in retail?

Markdowns 41

Markdowns Dead-Stock Promotions Bundled Pricing 41

Inside Retail

FEBRUARY 9, 2022

An increase in volatility in any one of these variables would be troublesome for a retailer, but when all six are in play it makes for a perfect planning storm. For discretionary retailers – fashion, homewares, sporting goods and the like – the balancing act is harder. Merchandise Planning – the hardest job in the business.

Planning 130

Planning Markdowns Sporting Goods Shipping 130

Retalon

JUNE 11, 2021

While optimizing a retail supply chain for efficiency and reduction of waste requires careful planning and consideration, machine learning and predictive analytics technology have changed the rules of the game. In a 2018 report , Gartner, Inc. The Retail Sustainability Problem. billion metric tons a year by 2030.”

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

MARCH 4, 2019

Modern retailers take advantage of advanced retail predictive analytics planning solutions. With multiple plans, and several levels of planners, plans may go through lots of re-consolidations, merging, and adding up to the “master plan”. This means that changes to plans are very cumbersome. Inventory Management.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

NOVEMBER 19, 2018

The decision came after similar announcements from other fashion retail competitors such as Gucci, DKNY, Versace, Burberry and Columbia Sportswear. The decision to drop fur, or any other category/sub-category of product, isn’t an easy one for retailers, especially those in high-end fashion retailing. Contributed by Adrian Silipo.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

The decision came after similar announcements from other fashion retail competitors such as Gucci, DKNY, Versace, Burberry and Columbia Sportswear. The decision to drop fur, or any other category/sub-category of product, isn’t an easy one for retailers, especially those in high-end fashion retailing. Learn more at retalon.com.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retail Adventures

JANUARY 1, 2024

Don’t wait too long to take a markdown. Do not confuse a major event with something that takes a long time to plan. A class, trunk or fashion show can be a big undertaking, but it’s not a major event unless it attracts potential customers who come to watch and buy something while they’re there.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retalon

APRIL 21, 2021

Once the rules are in place, the Smart Fulfillment system combines the retailer’s inputted information with available sales histories, current inventories, and planned promotions to forecast demand for walk-in and online sales, as well as how many online sales are likely to be BOPIS (and at which locations). April 26, 2021. Read More.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

SEPTEMBER 11, 2020

In today’s landscape, when a new fashion retail trend latches on, companies need to have the ability to make the right decisions quickly. So, why is advanced analytics so successful and what is the difference between the traditional approach and this new advanced approach to fashion analytics? Fashion Retail’s Unique Challenges.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

AUGUST 16, 2019

You can better plan for stocking of inventory at warehouses and retail locations and optimize the fulfillment process for online and mobile orders. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

You can better plan for stocking of inventory at warehouses and retail locations and optimize the fulfillment process for online and mobile orders. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

FEBRUARY 12, 2021

Critical Considerations for Retail Assortment Plans. A retailer’s assortment planning process can make or break their selling season (or even their entire fiscal year). But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. What is assortment planning?

Planning 41

Planning Accounting Store Layout Markdowns 41

Retalon

SEPTEMBER 11, 2020

But to make sure you’re focused on the right question, we need to clear up to major misconceptions with demand forecasting: Sales forecasting vs. demand forecasting Forecast vs. plan. Demand Forecast vs. Demand Plan. People often use demand planning and demand forecasting interchangeably. Sales Forecast vs. Demand Forecast.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Inside Retail

MARCH 17, 2024

Premium jeans label Outland Denim was launched in 2016, but planning for the venture stretched for six years before that, founder and CEO James Bartle said. “We 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.

Wholesale 130

Wholesale Markdowns Fast Fashion Promotions 130

Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. Out of the box solutions won’t take any special considerations into account, like: Size curves for fashion retailers.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

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

Retail TouchPoints

NOVEMBER 3, 2020

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.

Drop-Shipping 184

Drop-Shipping Merchant Services Fulfillment Shipping 184

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 6. Buying and assortment planning.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retail Prophet

JULY 18, 2022

In 1956, after almost two decades of planning, McClean’s musings became reality got when he loaded 58 metal containers in Port Newark onto the S.S. Indeed, in a world where consumer preference can shift on a single influential TikTok video, fashion-based products may be out of fashion even before they reach the rack.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

OCTOBER 18, 2013

It’s been almost a joke what has happened in retail business for years where retailers will declare a promotion or announce a markdown, 20 percent off, and the stores will not have any additional inventory to support it. And if you use these numbers to forecast your next year data, you’ll basically plan yourself to be out of stock next year.

Markdowns 32

Markdowns Promotions Planning Accounting 32

Retail Geek

FEBRUARY 28, 2023

Scot: [34:05] Yeah yeah and having a Marketplace will be good will be another piece of data to feed into this kind of viral Crazy Fast fashion engine that they’ve created. You know they’re the biggest apparels reseller in the u.s. Jason: [34:15] 100% And it’s interesting you know.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52