Retail TouchPoints

SEPTEMBER 29, 2022

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Particularly for those operating in fast fashion, where the negative environmental and social impact of unsustainable practices is increasingly under public and media scrutiny. Recommerce.

Fast Fashion 361

Fast Fashion Fashion Markdowns Consumer 361

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. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. Something has to be said about a first mover advantage, it makes things easier.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

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 279

Merchant Services Inventory Management Grocer Customer Experience 279

Inside Retail

DECEMBER 19, 2023

Hear the phrase ‘fashion waste’ and most people immediately associate it with the fast-fashion industry producing products with short lifespans, ultimately destined for landfills. There’s no rush for them to always get rid of any markdowns. The retailer doesn’t sit on stock,” added Dean. They don’t have warehouses.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

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 consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. This means they can’t markdown their products without devaluing the brand.

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 consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. This means they can’t markdown their products without devaluing the brand.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

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