Retail TouchPoints

MAY 30, 2023

The company is looking to pivot Journeys to an off-mall strategy, with 13 locations out of a planned 25 already open. This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. Genesco’s gross margin was 47.3%

Location 195

Location Markdowns Accounting Promotions 195

Wiser

AUGUST 25, 2020

You want your merchandisers on board with your strategy and ready to enter your locations to set up any displays as shoppers come back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. Instead, a lot of that has been left sitting in the back of stores or warehouses and needs to go somewhere once you open again.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. And don’t forget the shopper looking for that end-of-season deal.

Markdowns 273

Markdowns Retailing Pricing Promotions Fulfillment 273

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. Promotional uplift. Avoided overstocks and minimized markdowns. More predictable promotions and seasonal events. Seasonality.

Markdowns 41

Markdowns Promotions Consumer Fashion 41

Retail Adventures

JANUARY 1, 2024

Now, potential customers can easily get in touch or check your website even when your store isn’t open for business. This is especially important if your store is located in an area where people tend to walk, and areas populated with restaurants and bars. Take time to visit other retail stores for ideas.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. What is BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail Adventures

AUGUST 25, 2021

Now, potential customers can easily get in touch or check your website even when your store isn’t open for business. This is especially important if your store is located in an area where people tend to walk, and areas populated with restaurants and bars. Take time to visit other retail stores for ideas.

Returns 83

Returns Cross Merchandising Promotions Marketing 83