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. “We Genesco’s gross margin was 47.3% in Q1 2023.

Location 180

Location Markdowns Accounting Promotions 180

Retail TouchPoints

JUNE 18, 2020

DICK’s will open eight stores carrying the two new banners, giving the retailer a total of 11 outlet and clearance centers across nine states. OVERTIME by DICK’S Sporting Goods locations will offer an assortment of apparel, footwear and equipment at up to 75% off. Spartanburg, S.C. and Racine, Wis.

Sporting Goods 151

Sporting Goods Markdowns Apparel Discount Store 151

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.

Markdowns 259

Markdowns Retailing Pricing Promotions Fulfillment 259

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

MAY 28, 2020

While the retailer incurred additional expenses from associate bonuses and other COVID-19-related expenditures, Dollar General was able to reduce markdowns, on top of benefiting from increased purchase volume. Unlike some other retailers , Dollar General’s selling, general and administrative (SG&A) expenses actually dropped, to 20.5%

Markdowns 133

Markdowns Discount Store Finance Apparel 133

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. Avoided overstocks and minimized markdowns. Let’s dig a little deeper to find out what they are. Identifying an optimal pricing strategy.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

Retail TouchPoints

OCTOBER 3, 2023

The digital channel typically had one or more dedicated facilities, which ironically were often planned and managed like an individual additional brick-and-mortar location. In reality, no demand forecasting system can predict the future perfectly, and throughout the season there will always be units of inventory in sub-optimal locations.

Fulfillment 242

Fulfillment Drop-Shipping Markdowns Shipping 242