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Post Info TOPIC: Mark downs


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what's the proper procedure for Mark downs in grocery and Frozen departments?



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That varies not only by division, but by store. So there's a VERY small chance any of us know. What I can tell you though, is that you should always throw away any tags that you don't use, lest a dishonest customer (they exist) try to slap a $2.99 manager's special tag on a $20 steak.



-- Edited by Lord_Uboat on Tuesday 3rd of March 2015 12:08:51 AM

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Lord_Uboat wrote:

That varies not only by division, but by store. So there's a VERY small chance any of us know. What I can tell you though, is that you should always throw away any tags that you don't use, lest a dishonest customer (they exist) try to slap a $2.99 manager's special tag on a $20 steak.



-- Edited by Lord_Uboat on Tuesday 3rd of March 2015 12:08:51 AM


 The manager's special markdown tags still have the name of the item encoded in the barcode when they're printed.  So if a person takes a tag that was printed for a loaf of bread and sticks it on a steak, it's going to ring up as a loaf of bread.  An observant checker would catch such a discrepancy. 



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Anonymous wrote:
Lord_Uboat wrote:

That varies not only by division, but by store. So there's a VERY small chance any of us know. What I can tell you though, is that you should always throw away any tags that you don't use, lest a dishonest customer (they exist) try to slap a $2.99 manager's special tag on a $20 steak.



-- Edited by Lord_Uboat on Tuesday 3rd of March 2015 12:08:51 AM


 The manager's special markdown tags still have the name of the item encoded in the barcode when they're printed.  So if a person takes a tag that was printed for a loaf of bread and sticks it on a steak, it's going to ring up as a loaf of bread.  An observant checker would catch such a discrepancy. 


 Keyword: observant.

 

While we'd like to think that all of our coworkers are competent... they're not. The self-checkout has better chances of stopping people who improperly use markdown stickers, at least in this area.



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Proper procedure is mark it down to cost rounded to the nearest 0.09$ here. For example, cost is 2.61, you'd mark it down to $2.69 If dates are close I mark it down to whatever I think people will buy it in the next day or two, which is usually half price.

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DeltaGrocery wrote:

Proper procedure is mark it down to cost rounded to the nearest 0.09$ here. For example, cost is 2.61, you'd mark it down to $2.69 If dates are close I mark it down to whatever I think people will buy it in the next day or two, which is usually half price.


 If your customers buy in to that, your store management has just found the most devious way to manipulate their customers.

 

 

Anyway, here the stuff is marked down by 50% at least. If it's stuff they NEED to get rid off, they'd mark it down significantly lower. Like how if there's a ton of 1 gallon chocolate milk that will expire in a week, they'd mark it down from $3.70 to $1.35.



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NutritionWhore wrote:
DeltaGrocery wrote:

Proper procedure is mark it down to cost rounded to the nearest 0.09$ here. For example, cost is 2.61, you'd mark it down to $2.69 If dates are close I mark it down to whatever I think people will buy it in the next day or two, which is usually half price.


 If your customers buy in to that, your store management has just found the most devious way to manipulate their customers.

 


 By cost, I think they mean what the store pays for the item, not the customer.



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Anonymous wrote:
NutritionWhore wrote:
DeltaGrocery wrote:

Proper procedure is mark it down to cost rounded to the nearest 0.09$ here. For example, cost is 2.61, you'd mark it down to $2.69 If dates are close I mark it down to whatever I think people will buy it in the next day or two, which is usually half price.


 If your customers buy in to that, your store management has just found the most devious way to manipulate their customers.

 


 By cost, I think they mean what the store pays for the item, not the customer.


 Yes, cost is cost to store.   So if an item is selling for $3.99 with a $2.61 cost, $2.69 would be the markdown price instead of the default $1.99 50% off pricepoint that the RF gives you.    It really depends how much of an item, and how much of an issue it is causing as to what price as well.   If things need to be moved quickly, the standard 50% off is what I'll use.   Using cost really helps the store save a lot of trimmings that would otherwise be lost if you know it's something that will sell.     But honestly, from experience most people just do the standard 50% all the time even if it goes against policy.   Nothing is ever said about it, here at least.



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DeltaGrocery wrote:
Anonymous wrote:
NutritionWhore wrote:
DeltaGrocery wrote:

Proper procedure is mark it down to cost rounded to the nearest 0.09$ here. For example, cost is 2.61, you'd mark it down to $2.69 If dates are close I mark it down to whatever I think people will buy it in the next day or two, which is usually half price.


 If your customers buy in to that, your store management has just found the most devious way to manipulate their customers.

 


 By cost, I think they mean what the store pays for the item, not the customer.


 Yes, cost is cost to store.   So if an item is selling for $3.99 with a $2.61 cost, $2.69 would be the markdown price instead of the default $1.99 50% off pricepoint that the RF gives you.    It really depends how much of an item, and how much of an issue it is causing as to what price as well.   If things need to be moved quickly, the standard 50% off is what I'll use.   Using cost really helps the store save a lot of trimmings that would otherwise be lost if you know it's something that will sell.     But honestly, from experience most people just do the standard 50% all the time even if it goes against policy.   Nothing is ever said about it, here at least.


 I see, I see. thanks for clearing that up.

 

As long as I'm getting my chocolate milk for less than the price of gas, I'm happy.



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Idk about observant checkers, but I once had someone who had the wrong sticker on an item. Not sure if she put it on or not. But I saw it and took the sticker off, and she started saying "YOU CAN'T TAKE THE STICKER OFF IT HAD THE PRICE LISTED THAT'S FALSE ADVERTISING!!!!!!11111"

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NutritionWhore wrote:
DeltaGrocery wrote:
Anonymous wrote:
NutritionWhore wrote:
DeltaGrocery wrote:

Proper procedure is mark it down to cost rounded to the nearest 0.09$ here. For example, cost is 2.61, you'd mark it down to $2.69 If dates are close I mark it down to whatever I think people will buy it in the next day or two, which is usually half price.


 If your customers buy in to that, your store management has just found the most devious way to manipulate their customers.

 


 By cost, I think they mean what the store pays for the item, not the customer.


 Yes, cost is cost to store.   So if an item is selling for $3.99 with a $2.61 cost, $2.69 would be the markdown price instead of the default $1.99 50% off pricepoint that the RF gives you.    It really depends how much of an item, and how much of an issue it is causing as to what price as well.   If things need to be moved quickly, the standard 50% off is what I'll use.   Using cost really helps the store save a lot of trimmings that would otherwise be lost if you know it's something that will sell.     But honestly, from experience most people just do the standard 50% all the time even if it goes against policy.   Nothing is ever said about it, here at least.


 I see, I see. thanks for clearing that up.

 

As long as I'm getting my chocolate milk for less than the price of gas, I'm happy.


Now here is somebody with priorities.



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Actually, you should be able to type in "Days left" where it says "Days left" and it estimates for you.

If not, keep it above cost as stated above - if it's approaching 2 or 3 days to expiration, make it cheap. If it's a LARGE quantity approaching expiration, make them REALLY cheap. Your goal is to sell it vs. throwing it away, at the lowest cost to the store. Think like a shopper - what would it take for YOU to buy it?

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Pizza1029 wrote:

Actually, you should be able to type in "Days left" where it says "Days left" and it estimates for you.

If not, keep it above cost as stated above - if it's approaching 2 or 3 days to expiration, make it cheap. If it's a LARGE quantity approaching expiration, make them REALLY cheap. Your goal is to sell it vs. throwing it away, at the lowest cost to the store. Think like a shopper - what would it take for YOU to buy it?


The Days left field is how long the product will last before going out of date or how many days the mark down will last? Also, let's say that i want to do a manager's special to get rid of overstock that the warehouse sent ****loads of like the Stoufer's mac cups, is it the same process in the rf as it would be if i was marking down items that are about to be expired as well as items that are not on planogram anymore?



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groger wrote:
Pizza1029 wrote:

Actually, you should be able to type in "Days left" where it says "Days left" and it estimates for you.

If not, keep it above cost as stated above - if it's approaching 2 or 3 days to expiration, make it cheap. If it's a LARGE quantity approaching expiration, make them REALLY cheap. Your goal is to sell it vs. throwing it away, at the lowest cost to the store. Think like a shopper - what would it take for YOU to buy it?


The Days left field is how long the product will last before going out of date or how many days the mark down will last? Also, let's say that i want to do a manager's special to get rid of overstock that the warehouse sent ****loads of like the Stoufer's mac cups, is it the same process in the rf as it would be if i was marking down items that are about to be expired as well as items that are not on planogram anymore?


 If they sent a LOT of one item, you can have your Scan coordinator change the price of the item itself until you run through your stock.   You can also change the price yourself if you have RF access to it.   Otherwise individual markdowns are always the same process regardless of reason you're marking it down.



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