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 189

Outdoor Markdowns Apparel Fulfillment 189

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 224

Markdowns Promotions Apparel Shopping 224

Retail TouchPoints

NOVEMBER 29, 2022

Under the new market delivery model, large items are shipped directly from DCs to the customer, reducing the number of “touches” for each order and freeing up space at brick-and-mortar stores. Lowe’s kicked off the transition to the market delivery model in 2021 in its Florida and Ohio Valley regions. During the call on Nov.

Fulfillment 272

Fulfillment Markdowns Store Operations Customer Experience 272

Retail Focus

JUNE 3, 2021

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. 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.

Markdowns 200

Markdowns Promotions Shopping Planning 200

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

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 264

Markdowns Promotions Planning Target Market 264

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 240

Returns Markdowns Fulfillment Consumer 240

Retail TouchPoints

SEPTEMBER 1, 2023

New Store Projects Help Drive Market Penetration, Sales Growth Despite the financial shortfall, Owen noted that Dollar General “made significant progress in the second quarter improving execution in our supply chain and our stores, as well as reducing our inventory growth rate and further strengthening our price position.” in Q2 2022.

Markdowns 252

Markdowns Apparel Planning Consumer 252

Retail TouchPoints

OCTOBER 15, 2021

Because of efforts to address this mismatch of product and real-world sizing, Coresight Research estimates that the value of the extended-size market for women will grow to $32.3 this year alone, representing approximately 21% of the total women’s apparel market. Test the market with new size options and be inclusive in marketing.

Consumer 290

Consumer Merchant Services Markdowns Fulfillment 290

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 Fulfillment 246

Wiser

APRIL 25, 2024

Category Managers: The Strategy-Driven Architects Category managers bear the critical responsibility of curating a retailer’s product assortment, ensuring it aligns with market demands and remains competitive. The Point of Contention The divergence in priorities between these two teams can often become a point of contention.

Management 78

Management Markdowns Marketing Promotions 78

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. In this report: Market Definition. Market Description. Market Direction. Market Analysis. Market Introduction.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retail TouchPoints

NOVEMBER 25, 2020

“With COVID and recent market dynamics, tracking variable costs in real time becomes even more important. “Shopper behavior is also less predictable today, requiring more creative experimentation in merchandising and marketing. .

Markdowns 196

Markdowns Fulfillment Shipping Marketing Spend 196

Retail TouchPoints

MAY 30, 2023

This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. Genesco’s gross margin was 47.3% in Q1 2024, compared to 48.3% in Q1 2023. This is really a newer initiative for us.

Location 190

Location Markdowns Accounting Promotions 190

Mass Relators

MARCH 5, 2024

MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. Target said it maintained appropriate inventory levels by category throughout the year, resulting in lower markdown rates, more effective operations, and stronger in-stock measures compared with 2022.

Markdowns 52

Markdowns Fulfillment Marketing Management 52

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. Examples of TPRs include the standard dollars-off markdown, limited-time coupons, contests, rebates, and more.

Markdowns 147

Markdowns Promotions Consumer Planning 147

Inside Retail

JANUARY 31, 2022

With this next generation of barcodes, there’s a real opportunity to connect with consumers in ways we haven’t before,” explained Richard Jones, chief marketing officer at GS1.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130

Retail TouchPoints

AUGUST 19, 2021

We have high demand and low supply, so there are fewer markdowns now,” Kotlyar added. “I Kotlyar agreed that the increasing complexity of the customer journey requires brands and retailers to be more thoughtful and multi-faceted with their marketing strategies. That means communication with the consumer, not markdowns.

ATS 299

ATS Markdowns Consumer Social Commerce 299

Retail TouchPoints

FEBRUARY 15, 2023

So it could be markdown optimization or customer analytics or supply chain or assortment and merchandising — there are a lot of use cases that retailers tend to need. and all of those have a data and analytics element, which is what we’re helping them figure out.”

Merchant Services 281

Merchant Services Markdowns Store Operations Planning 281

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. 4 Monitor your operating expenses You can have a strong marketing strategy, yet this will be ineffective if your operating expenses are above the roof.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

Inside Retail

APRIL 17, 2023

Tread carefully because markdowns will bite hard if you misjudge stock weights. If you’re looking to capture more market share, and what retailer isn’t, now would be the ideal time to do it. Themed sales and clearances will do the trick here and, when used correctly, can add to the perception of providing value to your customers.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Retail TouchPoints

JANUARY 3, 2023

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Neil Cohen is Chief Marketing Officer at Kasada. He is a versatile tech executive with 25 years of combined marketing, product management and engineering experience. Bad Bots are Siphoning Profits.

Merchant Services 301

Merchant Services Payment Services Accounting Checkout 301

Retail TouchPoints

SEPTEMBER 15, 2020

Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior. As a result, consumer behavior has become harder to predict across multiple locations, which makes zone pricing a must for retailers.

Markdowns 215

Markdowns Technical Support Promotions Wholesale 215

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. Growth is now driven by the more complex dynamics of customer acquisition and retention, and digital marketing has introduced a new set of variable costs. Every Retailer Should be Inspired by the Trading Floor.

Markdowns 223

Markdowns Promotions Management Marketing 223

Retail TouchPoints

DECEMBER 22, 2022

Now, these smart-to-market brands are taking this time of fluctuating costs and economic uncertainty to evaluate their pricing strategies. With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand.

Retailing Pricing 271

Retailing Pricing Markdowns Consumer Marketing 271

Inside Retail

JUNE 30, 2023

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. The sports retailer has reported full-year revenue of $51.2

Markdowns 130

Markdowns Wholesale Apparel Promotions 130

Inside Retail

FEBRUARY 19, 2022

When most fashion businesses first enter the market, there is no historical data to base their decisions on, so often they allocate the same number of units to every style. . Proactive markdowns. Growth and business expansion rely on creating a tiered buying strategy, where you’re making use of different levels of depth per option.

Fashion 130

Fashion Markdowns ATS Marketing 130

Retail Focus

DECEMBER 8, 2021

With increasing numbers of retailers passing on rising production costs – prompted by supply chain tension and labour market shortages – to the consumer, the CBI warns shoppers face the biggest price rises in 30 years this Christmas. Meanwhile, the British Retail Consortium’s monthly monitor showed shop prices grew +0.3%

Markdowns 148

Markdowns Promotions Consumer Fashion 148

Retail TouchPoints

MARCH 3, 2023

Now that supply chains have stabilized, Target is focusing its investments on areas that will help it compete in an increasingly tight market. We were competitive but measured in our promotions, took strategic markdowns and intentionally did not chase unprofitable sales.

Markdowns 291

Markdowns Operating Expenses Department Stores Planning 291

Inside Retail

AUGUST 17, 2021

Retail expert and QUT professor of marketing Gary Mortimer said it’s a good result for Coles considering that it was cycling the effects of panic buying in FY20, but he noted that supermarket sales are likely to remain subdued. Coles’ supermarkets, liquor and express business units reported strong sales, which were up 3.1

Supermarket 246

Supermarket Net Profit Markdowns Checkout 246

Wiser

MAY 20, 2020

It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns. What is Everyday Low Pricing? Your Brand is Based On Low Prices.

Markdowns 148

Markdowns Promotions Inventory Management Consumer 148

Inside Retail

JANUARY 30, 2024

Inventory is the second largest controllable expense and retailers are reporting back an improvement in markdown reduction losses of as much as 50 per cent through using the software to manage planning. This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Inside Retail

JULY 4, 2023

That’s particularly true of the athletic footwear and apparel business in a growth market like China, where there are a lot of new entrants and the early movers are beginning to seriously sweat the competition. Nike, the market leader, is shrugging it off. Adidas, in its latest release, for the first quarter, reported an 11.9

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Retail Smart Guys

JANUARY 26, 2023

For instance, a sudden drop in the stock market, store closures because of the COVID-19 global health crisis, or typical slowdowns that usually exist within the retail cycle. Markdown Items A retail slowdown means less business activity which could result in a slow entry of revenues. Next, leave us a message so we can connect with you.

Markdowns 52

Markdowns Planning Promotions Marketing 52

Inside Retail

AUGUST 25, 2022

Some of your variable expenses like marketing come under scrutiny. One of the concerns analysts have about the current market is that some retail brands are getting over-inventoried, or overstocked. Unless the product is truly classic and can be packed away for another year or season, you need to be bold and take the markdowns now.

Drop-Shipping 130

Drop-Shipping Markdowns Management Shipping 130

Retail TouchPoints

SEPTEMBER 8, 2023

The Trouble With Promise Engines The promise engine market is filled with innovative solutions that excel at generating precise promises. Ecommerce merchant teams invest significant time in analyzing factors such as free shipping thresholds, promotions, pricing and markdowns.

Merchant Services 221

Merchant Services Shipping Fulfillment Markdowns 221

Wiser

NOVEMBER 29, 2023

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. Effectively implemented, these trade promotion strategies can lead to enhanced market presence, stronger buyer relationships, and increased sales. What is Trade Promotion?

Promotions 146

Promotions Consumer Wholesale Advertising 146