Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. This has coincided with the usual cocktail of higher costs that is impacting all retailers.

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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. For example, a customer can scan a 2D barcode on a package of pasta sauce and instantly view ingredients, allergens, recipes and promotions. Doesn’t that sound amazing?!

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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

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Retalon

MAY 10, 2024

Anticipate the activities for the sales period: If you are aware of upcoming promotional activities, you’ll need to adjust to reflect demand accordingly. 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.

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Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

Anticipate the activities for the sales period: If you are aware of upcoming promotional activities, you’ll need to adjust to reflect demand accordingly. 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.

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Planning Markdowns Merchant Services Payment Services 41

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.

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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.

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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.

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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. Promotional uplift.

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Retalon

MAY 25, 2020

This strategy of incremental markdowns is also used as a product is nearing the end of its season. For example fashion retailers may start incrementally lowering the price of winter jackets as winter ends and spring begins — especially if they happened to overstock on inventory. Effect of promotions. Seasonality.

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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?

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Retail Adventures

JANUARY 1, 2024

Discuss products, policies, promotions – anything store associates need to know that day. Don’t wait too long to take a markdown. 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. Toot your own horn.

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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.

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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.

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Markdowns Fashion Inventory Management Accounting 32

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.

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Retalon

SEPTEMBER 11, 2020

For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. The demand forecast informs plans for more accurate product assortment decisions, promotional strategies, and more. Demand Forecasting Methodologies.

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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.

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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. Bartle said one of the most powerful brand promotions is when people go out and talk about the product and how it’s made.

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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. per cent in the fourth quarter, the company said, citing an industry-wide increase in promotional activity on the back of high inventory levels in the market.

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Retalon

AUGUST 2, 2019

Prices (markdowns, promotions, competitor prices, etc.). How will a promotion during a seasonal peak affect the uplift in demand? Because retailers can’t afford to lose money because inventory purchases didn’t account for future promotions, business leaders imposed processes to keep everyone on the same page. The result?

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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.

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Retalon

AUGUST 16, 2019

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. You’ll also improve planning for personalization efforts, not only in terms of inventory and fulfillment, but promotions and pricing strategies.

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Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns. You’ll also improve planning for personalization efforts, not only in terms of inventory and fulfillment, but promotions and pricing strategies.

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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. GenAI can generate demand forecasts by analysing complex patterns in historical sales data, market trends, promotions, and customer ratings and reviews.

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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. 5. Failed retail promotions.

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Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. Another company in fashion that specifically plans to have terminal stock at the end of the season. Bob Johns: Interesting. So how can we account for all these factors?

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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. Scot: [5:20] Cool shouldn’t you know who your clients are as a chief digital retail strategy officer. Scot: [34:18] Third party seller would be scary.

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