Monday, February 11, 2019

Markdowns cost retailers $300B last year

Retail Dive
Non-grocery retailers last year missed out on $300 billion in revenues — in the aggregate 12% of total sales — due to markdowns, according to research from retail think tank Coresight and inventory optimization firm Celect.

In the survey of more than 200 "senior retail decision makers," those responding pinned the blame for more than half (53%) of unplanned markdowns on "inventory misjudgments.". . . more