October 16, 2020

Optimized Mark Down Pricing in Fashion Retail

Everything must go! At the end of every season, many managers in fashion retail offer rebates of up to 50% or more. Traditionally, these markdowns are based on the learnings gathered from previous years. However, this method often miscalculates what customers are willing to pay, resulting in untapped profit potential. In fact, according to a study by Coresight, retailers in the non-food sector squandered roughly 300 billion dollars in turnover in… Read More »Optimized Mark Down Pricing in Fashion Retail