Retail TouchPoints

NOVEMBER 29, 2022

The retailer’s legacy distribution model had stores operating as nodes in the fulfillment process. 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. During the call on Nov.

Fulfillment 242

Fulfillment Markdowns Store Operations Customer Experience 242

Retail TouchPoints

SEPTEMBER 1, 2023

In addition, the retailer is revising its planned same-store sales growth of 1.0% Gross profit as a percentage of net sales was 31.1% in Q2 2023, down from 32.3% in Q2 2022. to 5.0%, but is now predicting a more conservative growth rate of 1.3% to a range of -1.0% to 1.0%. billion and $1.7

Markdowns 226

Markdowns Apparel Planning Consumer 226

Retail TouchPoints

FEBRUARY 15, 2023

Google Cloud and Accenture are expanding their strategic partnership with a series of new initiatives to help retailers modernize their businesses and transform store operations. and all of those have a data and analytics element, which is what we’re helping them figure out.”

Merchant Services 257

Merchant Services Markdowns Store Operations Planning 257

Retail TouchPoints

MAY 30, 2023

The company is looking to pivot Journeys to an off-mall strategy, with 13 locations out of a planned 25 already open. This was attributed to increased markdowns at Journeys offsetting an otherwise normalized promotional environment, which led to improved margins at the other businesses. “We Genesco’s gross margin was 47.3% in Q1 2023.

Location 171

Location Markdowns Accounting Promotions 171

Wiser

AUGUST 25, 2020

Make sure everyone knows the plan—and is able to execute that plan—to ensure that you’ve got merchandiser support when you need it. 4: Use Promotions and Markdowns to Move Seasonal Inventory. Instead, a lot of that has been left sitting in the back of stores or warehouses and needs to go somewhere once you open again.

Markdowns 120

Markdowns Payment Services Promotions Drop-Shipping 120

Retalon

DECEMBER 17, 2021

This creates internal competition between products instead of pulling customers, revenue and market share from the retail businesses’ external competitors. The overstocks of cannibalized products taking up shelf space force retailers into unplanned promotions and end-of-season markdowns to clear the excess inventory.

Markdowns 41

Markdowns Promotions Consumer Fashion 41

Retail Adventures

JANUARY 1, 2024

Store Operations 27. Don’t wait too long to take a markdown. Marketing 35. Choose a professional email marketing company to create your campaigns. Every email marketing company provides you with detailed reports on how customers responded. Keep a stash of frequently forgotten items at the cashwrap.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52