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The Traditional Markdown Cadence is Over and the New Model is Anything but Simple

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

During the pre-holiday week of Nov. 9, upscale department stores like Saks and Neiman Marcus shaved an average of 14 percent off the original full price of a clothing item, a slightly steeper discount than the 12 percent markdown during the same period last year, according to StyleSage. Apparel sales at the sector’s mid-tier brethren…

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