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10 Retail Markdown Strategies to Boost Revenue and Protect Margins
Markdowns are an unavoidable reality of retail, but they don't have to decimate your profit margins. Traditional approaches often feel like a race to the bottom, sacrificing revenue to clear shelves. However, the most successful brands understand that effective retail markdown strategies are a blend of art and science, deeply rooted in consumer psychology, behavioral economics, and data-driven inventory management.