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Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

In contrast, a promising alternative known as dynamic markdowns is gaining traction. Dynamic markdowns present a fairer solution in the current economic downturn, benefiting both retailers and customers alike. For dynamic markdowns to be effective, clear communication with consumers is essential.

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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. With the right Inventory Management Tips, you can recover value, reclaim space, and even drive customer engagement. A new context can turn a stale item into a must-have. So, why wait?

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How AI is Revolutionising the Retail Sector

Retail Focus

Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. AI can identify bottlenecks and optimise logistics, shipping routes, warehouse storage, and inventory management. This reduces overstocking and the need for massive markdowns.

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David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

However, many consumers only appear willing to buy if there’s a significant markdown involved, so where does that leave retailers? We have seen the trend for a few years now and have definitely joined the party in previous years.”

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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Though promotional cycles were a boon for sales, Diez-Simson said that managing the tension between cashflow and margin became her biggest challenge in 2024. Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product.

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Understanding How Consignment Works: A Guide for Sellers and Buyers

Small Biz Trends

Challenges to Consider: Sellers face potential inventory management issues, delayed payments, and the necessity for ongoing communication to ensure effective sales strategies. Unsold Items : If items don’t sell within the specified timeframe, you retrieve them or agree on actions like markdowns or donating.

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Understanding the Modern Category Manager: Overcoming Daily Challenges with Smarter Solutions

Wiser

The Complex Role of a Category Manager Category Managers sit at the center of a high stakes balancing act. Managing category growth, supplier partnerships, and promotional execution across multiple retailers and sales channels requires constant coordination. Every product decision carries weight.