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 284

Fulfillment Markdowns Store Operations Customer Experience 284

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%.

Markdowns 260

Markdowns Apparel Planning Consumer 260

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 287

Merchant Services Markdowns Store Operations Planning 287

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 201

Location Markdowns Accounting Promotions 201

Retail Focus

FEBRUARY 8, 2022

As sporting goods retailer INTERSPORT has found, using digital at the shelf edge to help customers enhances both customer experience and improves efficiency of in-store operations. We realised that the employees could spend their time better serving our customers and doing other in-store tasks.”.

Markdowns 147

Markdowns Sporting Goods Management Shopping 147

Wiser

AUGUST 25, 2020

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. We recommend using promotions and markdowns to move that inventory quickly. Any changes to store operations still work with who you are.

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