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

Join the U.S. Cotton Trust Protocol webinar on July 15 at 11 am ET to learn about the findings of a COVID-19 and sustainability survey and how the protocol aids better transparency and reporting.

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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