NEW YORK — With price cutting the biggest trend in retailing, stores are increasingly turning to new software to control the markdown mania.
Sources say Bloomingdale’s is close to signing an agreement with ProfitLogic Inc., a Cambridge, Mass., technology firm pushing its "Pricing 4 Profit" software, part of a software suite for "merchandise optimization." Pricing 4 Profit is already used at Northern Apparel Group, Casual Male Big & Tall, Meijer and J.C. Penney, across several categories. Home Depot has joined the crowd, though just for seasonal categories like lawn and garden and snowblowers, but not year-round products, like hammers and nails.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"