Markdown madness!
Retail Dive
MARCH 28, 2022
Like college basketball, the retail industry has its own version of "bracket busters" that come from overestimating performance: "profit busters" in the form of markdowns
Markdowns Related Topics 
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Why you don’t need markdowns to appeal to price-conscious customers
Inside Retail
AUGUST 24, 2021
The post Why you don’t need markdowns to appeal to price-conscious customers appeared first on Inside Retail. Analysis Business Customer Financial Latest Professional Top Stories Aldi discounting discounts markdowns sales
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The Very Group Renews DemandTec Markdown Optimisation
Retail Focus
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 Retail Focus - Retail Design.
What are Retail Markdowns?
Wiser
APRIL 7, 2020
Altering your price, particularly through markdowns, can be a smart strategy, but only if done correctly. Unsuccessful or excessive markdowns can lead to staggering losses in terms of missed revenue and a lower margin on your goods. What are Retail Markdowns?
Top 5 markdown actions to take to dominate at mid-season sale
Inside Retail
APRIL 9, 2022
Your markdown SKUs are live, but how are they tracking? Now is the time to check how your markdown performance is tracking against your retail markdown strategy keeping inventory management top of mind. Full price vs markdown mix. Markdown cover.
Taking the Mystery Out of Markdowns
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.
Target moves to reduce inventory, taking markdowns and canceling orders
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
The Very Group Renews DemandTec Markdown Optimisation
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.
How to Align Markdowns with Psychological Pricing and Marketing
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. The post How to Align Markdowns with Psychological Pricing and Marketing appeared first on Quad Analytix. H ave you ever looked around a store and noticed that most prices end in nine?
Apparel prices rise despite markdowns
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. in-article
How to Maximize Margins with the Timing and Depth of Markdowns
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. Retailers shouldn’t fear markdowns, but rather embrace them. Plan Markdowns in Advance. When determining price markdowns, keep in mind price elasticity.
5 Highly Effective Retail Markdown Strategies that Work in 2021
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.
Sally Beauty Preps for Post-Pandemic Beauty Boom with New AI-Powered Pricing Solution
Retail TouchPoints
APRIL 27, 2021
The solution also will help Sally Beauty create more effective promotions through enhanced targeting and develop profitable markdown plans.
Guide for Unified Price, Promotion and Markdown Optimization Applications
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. Retail CIOs can use this research to understand the state of the retail market, assess their preparedness, and identify key technology providers such as Retalon.
Burberry and Dillard’s limit markdowns to drive high profit sales
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. Dillard’s is cutting back on marked down merchandise and moving slow turners into carefully placed clearance stores separate from its main fleet. in-article
Nike touts ‘tremendous progress’ on inventory as sales grow 14%
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
Walmart’s inventory glut recedes
Retail Dive
NOVEMBER 17, 2022
Markdowns and canceled orders helped the retail giant trim excess inventory by a third in Q3
Holiday hangovers: Can retailers clear out their inventory piles as the season ramps up?
Retail Dive
OCTOBER 31, 2022
After declarations about “decisive” actions to clear excess goods earlier this year, levels are still high and markdowns rampant
Adidas cuts guidance (again) amid inventory pileup
Retail Dive
OCTOBER 21, 2022
Any hope that the markdown mayhem of this year would be over by the holidays is fading
Target takes 87% hit to operating profit as it resets inventory
Retail Dive
AUGUST 17, 2022
The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning
Lululemon Q2 revenue reaches $1.9B as high-income shoppers continue spending
Retail Dive
SEPTEMBER 2, 2022
The athletics apparel brand didn’t rely on markdowns during the quarter and will soon release a membership program, according to CEO Calvin McDonald
How to Use Inventory Management to Increase ROI for Your Small Business
National Retail Solutions
AUGUST 17, 2022
There are several factors to remember while tracking inventory, such as keeping hot-selling items on hand, avoiding over-ordering, and determining when to put products on clearance or markdown. What is Inventory Management?
Excess inventory weighing you down? Get the most out of your stock now
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. We’ve all seen the recent headlines.
Recharge Your Digital Pricing Strategies with Data Science
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.
DemandTec Launches Platform to Help Retailers Enable AI-Powered Merchandising
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.
Puma sees 2023 profit at about last year’s level as costs weigh
Inside Retail
MARCH 1, 2023
Rising materials and freight costs as well as stronger US dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector.
How Retailers Can Strengthen Sustainability With Data-Driven Pricing Strategies
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. Sustainability is no longer a nice-to-have for retailers.
Myer picks up new national distribution centre in online, efficiency push
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.”.
Macy’s increased holiday promos but limited discounts to protect margins
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. The department store retailer discounted merchandise but remained mindful of its profit margins. in-article
Fashion discounting pays, the latest research from antuit.ai shows
Retail Times
NOVEMBER 16, 2021
While discounting strategies are often blamed for depleting fashion retailer’s already slim margins, markdowns can drive brand discovery among shoppers, grow ambient sales and increase long-term loyalty, the latest research from antuit.ai, the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals. Data Time antuit.ai
Pacsun Improves Profitability with Intelligent Allocation and Replenishment with Antuit.ai
Retail Focus
FEBRUARY 17, 2022
It also resulted in more accurate forecasting for Pacsun store and online demand, and a balanced inventory between stores and its ecommerce distribution centres, delivering higher sell-through rates, reduced markdowns and improved margins.
Walmart cuts its profit outlook
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.
Meet the new online outlet mall targeting Gen Z and millennial consumers
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.
6 Retail Commandments You Need to Follow
Retail Smart Guys
MARCH 15, 2023
It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow. 5 Don’t be afraid to markdown It is a common misconception that having markdowns equates to poor sales.
The Future of Retail in the New Era of Risk
Retail Prophet
JULY 18, 2022
The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. The myopic focus on low price has lead to an epidemic of markdowns and dead stock.
Young customers push Burberry sales to pre-pandemic levels
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.
The Merchandise Planning balancing act has never been more tippy
Inside Retail
FEBRUARY 9, 2022
Managing new opening price points, discounts, markdowns, and the resulting final margins in an inflationary environment is a challenge not faced by Merchandise Planners in the past 20 years. The role of discounts coupled with seasonal markdowns needs to be managed more than ever.
How Woolies is using 2D barcodes to increase sales and transparency
Inside Retail
JANUARY 31, 2022
In recent years, consumer awareness around sustainability has continued to grow, as shoppers are now demanding to know the origin of the products that they purchase.
Dick’s feels better about its 2022 outlook
Retail Wire
AUGUST 23, 2022
The chain said its inventory position is in good shape, meaning that it will not have to engage in added markdowns to move merchandise. Dick’s Sporting Goods reported revenues of $3.11 billion during the last quarter, above the $3.07 billion expected by analysts. The company now expects earnings per share to come in between $10 and $12. That’s up from its previous guidance of $9.15 to $11.70.
Burberry’s focus on younger customers is paying off
Inside Retail
JANUARY 19, 2022
Burberry’s focus on full-price sales data is intended to overshadow the 3-per-cent decline in overall same-store sales as the company pursues a strategy of exiting markdowns.
How Retailers Can Minimize Returns: Focus on Convenience, Communication and Personalization
Retail TouchPoints
MARCH 14, 2023
When it’s out of season, they have to do markdowns, so it starts a vicious cycle. Someone bought that item a week ago, and now it’s $10 or $20 cheaper, so they return the full price item and buy a markdown item.
How to Get the Most Out of Your Next Temporary Price Reduction
Wiser
OCTOBER 12, 2021
Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. Do temporary markdowns align with your brand image ?
Burberry’s transformation pays off as APAC and digital lead its recovery, says GlobalData
Retail Times
MAY 13, 2021
versus FY2018/19), full-price comparable store sales grew by 7% as its focus on streetwear attracted younger shoppers and resonated well with consumers, and the reduction of markdowns boosted its brand equity.
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