A reduction from a product’s previous selling price.
A markdown changes the selling price of merchandise downward from its previous level. Retail teams can plan reductions across product lines and compare sales progress with the amount of stock remaining. A markdown rule can specify when a reduction should occur, helping teams apply a consistent pricing procedure rather than deciding each change separately. Planning the reduction and carrying it out are different responsibilities, so stock or operations staff may implement a price decision made elsewhere. In a technology role, Markdown can also name a text-formatting language, which requires a separate reading of the job description.
In job listings
Holt Renfrew’s Stockroom Associate role in Mississauga required processing Price Change Reports and markdowns within required timeframes. The employee also handled returns to vendors and consolidations. This placed markdown execution among the stockroom’s scheduled merchandise tasks, without assigning the associate responsibility for choosing the reduced prices. Search local jobs for “markdown”.
