Trump says he can’t say he’s ‘thrilled’ about border-security deal

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U.S retailers lost $300 billion in revenue from markdowns in 2018

U.S. non-grocery retailers lost $300 billion in revenue in 2018 due to markdowns, according to a new report from Celect. That’s the equivalent of about 12% of sales. The cloud-based inventory management platform polled 200 senior retail executives with help from Coresight Research. More than half of respondents (53%) attributed the missed sales to “inventory misjudgments.” Respondents said 60% of sales are at full price. Among retailers who sell across platforms, only 6.3% of respondents said they sold 90% to 100% of their inventory at full price, below the 15% average. “This suggests that the complexity of omnichannel operations makes inventory management more challenging, as retailers selling through multiple channels must consider more variables that can affect sales,” according to the report. The Amplify Online Retail ETF has gained 7.1% over the last year, the SPDR S&P Retail ETF has fallen 1.3% over the period, and the S&P 500 index is up 2% for the past 12 months.

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