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Is it ok to take Basic lines on markdown if you have more quantity in your inventory durin seasonal sales?

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Question added by Nisar Khan , Sr.Buyer " Fashion Retail-Textile" , Fawaz Abdullaziz Al Hokair & Co.
Date Posted: 2014/04/19
Sidrah Nadeem
by Sidrah Nadeem , Global Marketing Manager , Hill+Knowlton Strategies

Markdowns are a fact of life in apparel, with35% of unit volume moving at discounted pricing. Effective execution is critical, since sales late in the season depend on giving the customer a good deal, but most retailers currently rely on an inaccurate, labor-intensive process that falls dramatically short of achieving desired results. Using the traditional “red pen” markdown process, store associates can only complete three garments per minute with63% accuracy. 

tofiq mohammed
by tofiq mohammed , sales associate , M H ALSHAYA CO W.L.L

DONT PUT MORE QTY IN SHOWROOMS

 

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