Fast-fashion retailers such as Zara offer continuously changing assortments and use minimal in-season promotions. Their clearance pricing problem is thus challenging because it involves comparatively more different articles of unsold inventory with less historical price data points. Until 2007,...

This paper discusses a prescriptive analytics approach to solving a joint markdown pricing and inventory allocation optimization problem under demand parameter uncertainty. We consider a retailer capable of price differentiation among multiple customer groups with different demand parameters...