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.

Location 188

Location Markdowns Accounting Promotions 188

Retail TouchPoints

JUNE 18, 2020

The location will stock brands including Nike , Adidas and Under Armour , with additional markdowns added throughout the year to keep inventory fresh. The first three OVERTIME stores will open in Connecticut, Maryland and Pennsylvania.

Sporting Goods 152

Sporting Goods Markdowns Apparel Discount Store 152

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.

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

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Ending the Tradition of Blanket Markdowns Enter this year’s holiday shopper. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days.

Markdowns 267

Markdowns Retailing Pricing Promotions Fulfillment 267

Retail TouchPoints

MAY 28, 2020

While the retailer incurred additional expenses from associate bonuses and other COVID-19-related expenditures, Dollar General was able to reduce markdowns, on top of benefiting from increased purchase volume. Unlike some other retailers , Dollar General’s selling, general and administrative (SG&A) expenses actually dropped, to 20.5%

Markdowns 134

Markdowns Discount Store Finance Apparel 134

Retalon

DECEMBER 17, 2021

Typically unexpected, this situation can be extremely detrimental for retailers and also has the potential to create additional issues such as: Inventory Imbalances Overstocks Markdowns. Avoided overstocks and minimized markdowns. Let’s dig a little deeper to find out what they are. Identifying an optimal pricing strategy.

Markdowns 41

Markdowns Promotions Fashion Consumer 41

Retail TouchPoints

OCTOBER 3, 2023

This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today. In doing so, it can, for example, trade off a little more parcel cost or delivery time in exchange for avoiding a price markdown in the future, which effectively costs the retailer significantly more in absolute terms.

Fulfillment 254

Fulfillment Drop-Shipping Markdowns Shipping 254

Retail Adventures

JANUARY 1, 2024

Store Operations 27. Don’t wait too long to take a markdown. Keep a stash of frequently forgotten items at the cashwrap. Now, when a customer says, “I forgot to get _, I’ll get it next time.” you can reach under the counter, grab that item, and save the sale. Be open when customers expect you to be open.

Promotions 52

Promotions Returns Cross Merchandising Markdowns 52

Retail TouchPoints

JULY 31, 2023

The report also noted that the most advanced AI solutions can realize savings by using analysis “to route online orders to stores with merchandise most likely to go on markdown while also considering the shipping cost.

Markdowns 233

Markdowns Shipping Fulfillment Consumer 233

Retalon

SEPTEMBER 22, 2021

Adopting BOPIS can be challenging so we’ll explain how you can successfully merge your online and physical store operations. BOPIS, meaning Buy Online, Pickup In-Store, is an order fulfillment option that helps retailers connect their e-commerce channels with their brick-and-mortar storefronts. What is BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail Adventures

AUGUST 25, 2021

Store Operations 27. Don’t wait too long to take a markdown. Keep a stash of frequently forgotten items at the cashwrap. Now, when a customer says, “I forgot to get _, I’ll get it next time.” you can reach under the counter, grab that item, and save the sale. Be open when customers expect you to be open.

Returns 83

Returns Cross Merchandising Promotions Marketing 83

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns.

Drop-Shipping 184

Drop-Shipping Merchant Services Fulfillment Shipping 184

Retail Smart Guys

JANUARY 28, 2023

In handling your multiple stores, we will evaluate your inventory and, if needed, reclassify it to what you need to buy property. By doing this, we can reduce markdowns and enhance your profitability. Indeed, our inventory planning services are well-crafted for multiple stores, making things easy and convenient for retailers like you.

Planning 52

Planning Markdowns Finance Location 52

Retail TouchPoints

FEBRUARY 12, 2021

RFID captures all inventory in-store and online. This helps a retailer maximize full price sales opportunities and reduce markdowns. RFID is so exact that it allows for single-unit SKU sales, also known as “last item” selling. As the crisis continues to unfold, simply having options is a major plus.

Fulfillment 252

Fulfillment Markdowns Inventory Management Customer Experience 252

Retail Smart Guys

FEBRUARY 14, 2023

In handling your multiple stores, we will evaluate your inventory and, if needed, reclassify it to what you need to buy properly. By doing this, we can reduce markdowns, speed up turns, and enhance your profitability. So, do you want to start optimizing your multi-store operation? Retail Smart Guys ’ has the solution.

Planning 40

Planning Markdowns Finance Location 40