Retail Adventures

JANUARY 20, 2021

Be firm about delivery dates, and implement a strong markdown program to clear out product that’s past its sell date. Know when to take a markdown Retailers tend to think of markdowns the enemy, but in reality its smart business to clear out what isn’t selling. To improve your turn rate you must closely control your inventory.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Wiser

AUGUST 24, 2017

They are also a way to ensure markdowns and promotions are effective. If your markdown and sale patterns become obvious to your consumer, they will wait for those markdowns and hold off on shopping until a promotion rolls around. Some psychological pricing strategies can have a bigger impact on shoppers than others.

Markdowns 180

Markdowns Marketing Drop-Shipping Promotions 180

365 Retail

JUNE 16, 2021

Online retail giant The Very Group will continue to enhance its pricing strategies with DemandTec Markdown Optimisation. The post The Very Group Renews DemandTec Markdown Optimisation appeared first on 365 RETAIL | Retail News.

Markdowns 59

Markdowns Accessories Planning Management 59

Retail TouchPoints

AUGUST 13, 2024

AI in Pricing: Automating Markdowns to Increase Sell-Through and Profit Lifecycle pricing is an intensely data-driven process for retailers, and markdown optimization is a key area where AI can deliver greater value.

Markdowns 272

Markdowns Loss Prevention Customer Experience Inventory Management 272

Retail Wire

JULY 14, 2022

Apparel prices in June were 5.2 percent higher on a year-over-year basis, according to data from the U.S. Bureau of Labor Statistics. The clothing category, driven by an uptick in work-appropriate clothing and formalwear, rose five percent from January through May, according to NPD.

Apparel 100

Apparel Markdowns 100

Wiser

AUGUST 15, 2017

In a perfect retail world, markdowns wouldn’t be necessary and every item would sell at full price within weeks of being in store. This is where markdowns come in handy, as the demand for a product diminishes, sales can encourage shoppers to purchase an item they wouldn’t have considered buying at full price. Plan Markdowns in Advance.

Markdowns 90

Markdowns Promotions Planning Shipping 90

Inside Retail

AUGUST 27, 2024

Big W’s sales remained flat amid markdowns to clear the autumn/winter range. .” In the first eight weeks of the current fiscal year, Australian and New Zealand food sales increased 3 per cent and 1.5 per cent, respectively.

Net Profit 275

Net Profit Markdowns Supermarket ATS 275

Inside Retail

MARCH 7, 2024

Ethical fashion label Arnsdorf has announced it will close down and has commenced a sale with markdowns to run out its inventory. “My energy is being directed to other places and it’s time to make space in my life for this.”

Fashion 256

Fashion Markdowns Accessories 256

Retail Focus

FEBRUARY 27, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 147

Markdowns Supermarket Grocer Store Operations 147

Retail TouchPoints

JUNE 17, 2024

will deploy the Base Price and Markdown pricing solutions from Revionics , an Aptos Company , to help scale optimized pricing across its 2,200 stores and ecommerce site. Tractor Supply Co. The rural lifestyle retailer has been a Revionics customer since 2010.

Markdowns 244

Markdowns Outdoor Apparel Planning 244

Retail TouchPoints

AUGUST 1, 2024

The deployment is designed to reduce the risk of markdowns and stock shortages while also limiting the impact of underperforming products. Family Dollar has partnered with First Insight to refine its merchandise assortment strategy using the solution’s predictive analytics and actionable data.

Markdowns 257

Markdowns Location Planning ATS 257

RIS News

JULY 13, 2023

Academy Sports is drilling down on its pricing optimization efforts, building out its data-fueled tech investments with the goal of delivering a more seamless customer experience.

Markdowns 81

Markdowns Customer Experience 81

Retail TouchPoints

JANUARY 7, 2021

These insights are a powerful way to gauge consumer demand for sustainable products with current and past sales data, identify the most profitable promotional strategies, and minimize markdowns and waste from the start. Businesses can then better predict and measure markdown results while dynamically updating markdown plans.

Markdowns 322

Markdowns Promotions Consumer Planning 322

Retail TouchPoints

FEBRUARY 17, 2022

Unify by DemandTec aims to give retailers a 360-degree view of shopper demand across all channels to elevate AI-powered pricing, promotions and markdowns, and maximize profitable revenue growth.

Markdowns 236

Markdowns Promotions 236

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 184

Outdoor Markdowns Apparel Fulfillment 184

Retail TouchPoints

JUNE 28, 2024

chains , including competitor Michaels , in announcing permanent markdowns on more than 15,000 products. “‘And’ The campaign will include an expansion of paid media advertising and new influencer marketing initiatives with a prioritization on social media placements to reach Gen Z crafters specifically.

Markdowns 256

Markdowns Advertising Marketing ATS 256

Retail Dive

JUNE 7, 2022

Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.

Markdowns 120

Markdowns Consumer 120

Retail Wire

MAY 17, 2021

Burberry and Dillard’s are both focused on driving full price sales of new merchandise in their full line stores. Burberry is looking to accomplish the feat by focusing on high-demand categories, unveiling a new store concept and addressing the consumer desire for omnichannel shopping and fulfillment.

Markdowns 100

Markdowns Fulfillment Consumer Shopping 100

Retail TouchPoints

APRIL 27, 2021

The solution also will help Sally Beauty create more effective promotions through enhanced targeting and develop profitable markdown plans. The beauty retailer will use the AI-powered solution to identify competitive price levels while still maximizing revenue and profit performance.

Markdowns 260

Markdowns Promotions Planning Target Market 260

Inside Retail

OCTOBER 25, 2022

Another is markdowns. Adjust your sourcing strategies to help reduce markdowns. You can ship items from the store or location with the most inventory, the oldest inventory, the lowest sell-through rate or the highest in-store markdowns. This strategy works for seasonal markdowns, too. One way is liquidators.

Markdowns 130

Markdowns Fulfillment Shipping Location 130

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.

Markdowns 215

Markdowns Promotions Apparel Shopping 215

Inside Retail

JULY 6, 2023

Local customers can see what is on sale in their neighbourhood supermarkets and actively participate in reducing waste in their community “Typically, retailers have to rely on shoppers sporadically finding a markdown in store while preoccupied with their shopping.

Grocer 264

Grocer Consumer Markdowns Supermarket 264

Retail Focus

JUNE 3, 2021

Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels. Think of pricing in the context of the full lifecycle, from everyday price through promotions and markdowns/clearance. for two weeks.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Retail Dive

NOVEMBER 6, 2023

But the 5% off markdown announced last year disappears in February. The free membership will still have perks like exclusive deals and hot drinks.

Markdowns 120

Markdowns 120

Retail Wire

JULY 26, 2022

Markdowns to move merchandise are also serving as a drag on profitability. Walmart lowered its profit outlook for the year, saying that customers have shifted a greater percentage of dollars to buying necessities while reducing electronics and other discretionary items.

Markdowns 130

Markdowns 130

Retail TouchPoints

APRIL 26, 2022

The technology also is expected to help reduce waste and lead to fewer markdowns. Charanga will use RFID technology to enable a real-time view of stock in order to optimize product availability across all channels and provide the foundation for omnichannel services including buy online, pick up in-store (BOPIS) and ship-to-store.

Markdowns 227

Markdowns Shipping Location Shopping 227

365 Retail

FEBRUARY 26, 2024

Original research of over 1,000 UK shoppers by Retail Insight revealed that almost two-thirds (65%) agreed that supermarkets removing best-before dates will help reduce food waste, and 84% think retailers should still offer markdowns on fresh food that is past its best.

Markdowns 64

Markdowns Supermarket Grocer Store Operations 64

Retail Wire

MARCH 2, 2023

“[We] took strategic markdowns and intentionally did not chase unprofitable sales,” said CEO Jeff Gennette. Macy’s reported better-than-expected revenues for the holiday quarter as it ramped up promotions to turn merchandise and reduce inventory.

Markdowns 100

Markdowns Department Stores Promotions 100

365 Retail

JUNE 4, 2024

Whether it is via promotions accuracy, on-shelf availability and replenishment of items of offer, fast roll-out on markdowns for near expiring goods or simply alerting customers to the offers available at the shelf edge, shoppers are expecting the retailers they shop with to make it as easy as possible for them to get the best deals.”

Promotions 64

Promotions Markdowns Supermarket Consumer 64

Retail Wire

JULY 16, 2021

We saw strong growth across our strategic categories, in particular, leather goods and outerwear, and exited markdowns in digital and mainline stores,” said CEO Marco Gobbetti.

Markdowns 130

Markdowns Accessories Consumer 130

Retail TouchPoints

MARCH 14, 2023

That means online retailers in particular should be on the lookout for ways to minimize the costs returns incur as well as the number of returned items that come in , since minimizing markdowns during a tough economic climate is one area where return minimization strategies can have an impact on the retailer’s bottom line. “

Returns 231

Returns Markdowns Fulfillment Consumer 231

Inside Retail

JUNE 1, 2021

From tactical promotions, to markdowns, to engineered lines – similar to what you might see in an outlet mall, for example – all the way through to clearance,” Seskin said. “If Everyone might go 30 per cent off on their first markdown, but their reach is limited. Our reach is going to be far wider,” he said. “If

Consumer 246

Consumer Markdowns Planning Shopping 246

Retail Times

APRIL 15, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides!

Markdowns 52

Markdowns Store Operations 52

Inside Retail

JULY 22, 2021

Having a centralised fulfilment centre for stores replaces our historical push model, and will result in improved inventory management, reduced markdowns and maximised sell-through whilst also producing significant efficiencies in our online fulfilment operations.”.

Markdowns 246

Markdowns Department Stores Fulfillment Inventory Management 246

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Inside Retail

SEPTEMBER 3, 2024

AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Dive

MARCH 22, 2023

Much of the retailer’s recent revenue surge has been driven by markdowns, analysts said, and inventory is still up 16% year over year.

Markdowns 109

Markdowns 109