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Experts discuss Printemps’ chance of success in the US retail market

Inside Retail

In a press release, Jean-Marc Bellaiche, Printemps Groupes chief executive officer, stated, “We think we can bring something unique, both to its engaged local consumer base and the strong tourist flows the city welcomes We plan to pioneer a new format of experiential retail in this fast-changing and demanding market.”

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H&M profits drop as external pressures and markdowns slow growth

Retail Gazette

H&M has reported a dip in profits for the first quarter of its fiscal year, citing negative external factors, increased markdowns, and ongoing investments. The retailer is continuing to focus on optimising its store portfolio, with plans to open around 80 new stores in 2025, while closing 190 stores, mainly in established markets.

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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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Dollar General Plans 575 New Stores, 4,250 Remodels, Tests Same-Day Delivery

Retail TouchPoints

in the quarter compared to 29% in Q3 2023, a decrease that was attributed to increases in markdowns and inventory damages. The net sales increase was driven by positive sales contributions from new stores and growth in same-store sales, with same-store sales increasing 1.3% over the same quarter in 2023.

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How AI is Revolutionising the Retail Sector

Retail Focus

AI-based pricing systems allow retailers to respond quickly to fluctuations in the market and competition. This reduces overstocking and the need for massive markdowns. It also allows retailers to tailor pricing at an individual level. This improves productivity and reduces costs.

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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product. Landlords are not coming to reality with where the market is at the moment. Forever News Pavone raised another lingering pandemic-related cost increase rental rates on commercial properties.

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AI in Action: How Retailers are Transforming Demand Forecasting with New Tech

Retail TouchPoints

One of the most promising is a challenge that has bedeviled merchandisers, marketers and inventory managers for decades, if not centuries demand forecasting. These mismatches also create the need for either markdowns or additional shipping costs to get the products to where they are more likely to be sold.

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