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Markdowns
Consumers like it, retailers would rather not do it.
Reducing items at certain times of the year has been done since the early 20th century. The reasons for taking markdowns may have changed over time, however the feeling it gives retailers and consumers hasn’t.
This Nanocast™ talks about markdowns and gives 3 reasons why items are marked down in price.
If you like these Nanocasts™ please subscribe to be notified when a new episode is published and share with others you know would like them.
Terminology
NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.
Merchandise Planner - Listen here to find out what merchandise planning is.
Book
The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.
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By SloppySuccess #makeastartConsumers like it, retailers would rather not do it.
Reducing items at certain times of the year has been done since the early 20th century. The reasons for taking markdowns may have changed over time, however the feeling it gives retailers and consumers hasn’t.
This Nanocast™ talks about markdowns and gives 3 reasons why items are marked down in price.
If you like these Nanocasts™ please subscribe to be notified when a new episode is published and share with others you know would like them.
Terminology
NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.
Merchandise Planner - Listen here to find out what merchandise planning is.
Book
The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.