;
Home / Knowledge / News / Information Technology / Clear Demand SaaS solution for apparel markdown pricing
Clear Demand SaaS solution for apparel markdown pricing
14
Nov '13
Clear Demand, the first to deliver an omni-channel retail pricing solution, announced important markdown pricing innovations intended to advance best practice for retailers that present or sell merchandise online or in-store.

Clear Demand’s platform, architected on Big Data and delivered as a Cloud-based Software-As-A-Service (SaaS) solution, can now support markdown pricing for apparel (softlines) and general merchandise (hardlines) across the retail enterprise (online, in-store).

Markdown pricing technologies establish the depth, timing and location for pricing on seasonable or short-life cycle products in order to maximize margins. Clear Demand has published a thought leadership article entitled "Markdown Optimization Demands a Seasonal Facelift" to provide more detail on the innovations now available to retailers.

“Our team of pricing specialists were involved in the development of three of the prevailing markdown optimization solutions of the last 10 years and as such understand what is required to innovate for markdowns today,” said Jim Sills, President and CEO for Clear Demand.

“Much has changed in 10 years, including technology, competition and shopping behavior. We believe it is time to bring current technologies to bear on markdown pricing so retailers can compete more effectively.”

Clear Demand’s omni-channel retail pricing solution addresses the complete lifecycle of pricing from everyday price through promotions and markdowns and uses innovations for competitive and rule-based pricing in combination with optimization to deliver value. Some of the innovations delivered specifically within the Markdown Pricing module include:

Continuous Markdown Pricing:

Clear Demand models store-SKU elasticity across the entire product lifecycle (introduction, in-season, clearance) online and in-store and recommends markdown timing and depth, according to demand. A “demand-based” markdown schedule permits more flexibility over traditional fixed “time-based” markdown schedules. Mapping markdowns more directly to demand improves sell-through and margin capture. This same localized understanding of customer demand also provides important benefits for allocating inventory online and across stores.

Enterprise Omni-Channel Rules Architecture:

Clear Demand’s enterprise rules architecture allows the development of granular markdown programs at any level within the merchandise hierarchy. Integrated for softlines and hardlines across stores and online, reporting is also available that allows “roll-up” or “drill-down” at any level as necessary.

Clear Demand processes competitive pricing data from any source (online, in-store) at any frequency, compares this with the retailers’ pricing rules and provides daily alerts for merchants when prices are out of compliance with rules.


Must ReadView All

Courtesy: Kai Pilger from Pexels

Textiles | On 11th Dec 2018

India's textile-apparel exports fell slightly in H1 FY19

India’s overall textile and apparel exports in H1 FY19 stood at $18.4 ...

Courtesy: Alizilla

Textiles | On 11th Dec 2018

Belgium, Alibaba promote inclusive global trade under eWTP

The Belgian Government and China’s Alibaba Group recently announced...

Vietnamese garment firms plan to boost exports to Canada

Apparel/Garments | On 11th Dec 2018

Vietnamese garment firms plan to boost exports to Canada

As Vietnam is yet to sign a free trade agreement with Canada, so the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search