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Academy Sports + Outdoors will extend its use of Revionics’ pricing intelligence software. Additionally, with the Revionics Markdown application, Academy can clear seasonal inventory quickly and profitably to keep its on-shelf selection fresh.
I’m an avid runner so naturally I’ve made this analogy, and it’s a great one to describe to retailers who are mired in the minutiae of pricing — especially as the market fluctuates in year two of the pandemic while Amazon makes a different move to any SKU multiple times a day and the supply chain is riddled with hiccups in every link of the chain.
Average Unit Retail, or AUR, is a key metric used in retail today, alongside other important data points such as market share, average order value, and units per transaction. Better understand market share and conditions. The total revenue must be post-markdown to reflect its price at sale. Let’s find out.
From ensuring high-demand items are always available to minimising markdowns on short-lifecycle products, the pressure to get inventory right has never been greater. Slow response to market shifts: Market trends, customer demand and supply chain issues shift quickly static models cant keep up.
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