Checklist template

Clearance and markdown presentation for retailers

A ready-to-use checklist with 100 items in 6 sections, covering Location, Organization, Signage, Ticketing, Recovery, Sell-through. Use it as-is in Bindy, or adapt it to your own standards in minutes.

  • 6 Sections
  • 100 Items
  • 84 Yes / No checks
  • 6 Scored ratings
  • 114 Points

Use this template How audits work

1. Location 16 items

  1. Clearance is displayed only in the locations the store layout guide assigns to it Yes / No 1 pt
  2. Each department's clearance bay or rack is at the back or side of the department, not on its lead fixture Yes / No 1 pt
  3. No clearance product sits on a promotional endcap, unless the company plan assigns that endcap to clearance Yes / No 1 pt
  4. The store-wide clearance aisle, where the store has one, is in the position shown on the store map Yes / No 1 pt
  5. Clearance fixtures are kept out of the entrance area Yes / No 1 pt
  6. Clearance fixtures do not narrow the main aisle below the company's standard width Yes / No 1 pt
  7. Clearance apparel hangs on the fixture type the company specifies, such as rounders or rolling racks Yes / No 1 pt
  8. No clearance fixture stands in front of a fitting room, a stockroom door or an emergency exit Yes / No 1 pt
  9. Clearance of high-theft items stays in its secured case or behind the counter Yes / No 1 pt
  10. Clearance food or dated product stays in its own department Yes / No 1 pt
  11. Large clearance items such as furniture or floor models are displayed in the area the company assigns Yes / No 1 pt
  12. No clearance product is displayed in the checkout queue, unless the plan allows it Yes / No 1 pt
  13. The number of clearance fixtures in each department is within the limit the company sets Yes / No 1 pt
  14. Number of clearance fixtures on the sales floor Number
  15. Number of locations found holding clearance outside the assigned areas Number
  16. Placement of clearance in the store Rating
    • Only in the assigned locations 5 pts
    • One or two stray locations 3 pts
    • Scattered through the store 1 pt

2. Organization 17 items

  1. Clearance is grouped by department or product category Yes / No 1 pt
  2. Clearance apparel is sorted by size on the rack Yes / No 1 pt
  3. Size dividers or size rings are in place on clearance apparel racks Yes / No 1 pt
  4. Clearance apparel is separated by gender or age group Yes / No 1 pt
  5. Clearance shoes are displayed in pairs, by size Yes / No 1 pt
  6. Hard goods on clearance shelves are grouped by type, with like items together Yes / No 1 pt
  7. Sets and multi-piece items on clearance are complete or labeled with what is missing Yes / No 1 pt
  8. Each clearance item is in its package, or the opened package is taped shut with all parts inside Yes / No 1 pt
  9. Floor models and display samples on clearance are labeled "Display model" Yes / No 1 pt
  10. Items sold as-is are marked "As is" where company policy requires it Yes / No 1 pt
  11. Clearance bins or dump tables are used only where the company allows them Yes / No 1 pt
  12. Product in clearance bins can be seen without digging, no more than two layers deep Yes / No 1 pt
  13. Clearance fixtures are no fuller than the capacity the fixture is built for Yes / No 1 pt
  14. Each clearance fixture holds clearance only, with no regular-price stock placed there to fill space Yes / No 1 pt
  15. Clearance held in the stockroom has been brought to the floor Yes / No 1 pt
  16. Damaged goods that cannot be sold have been removed from clearance for disposal or return to vendor Yes / No 1 pt
  17. Order on the clearance fixtures Rating
    • Sorted by category and size 5 pts
    • Grouped but loosely sorted 3 pts
    • Unsorted 1 pt

3. Signage 16 items

  1. Each clearance fixture has a clearance sign from the company's sign program Yes / No 1 pt
  2. Clearance signs use the company's clearance color, not the weekly promotion color Yes / No 1 pt
  3. Sign toppers on clearance racks are seated in a holder at the top of the rack Yes / No 1 pt
  4. The department's clearance area can be identified from the main aisle by its sign Yes / No 1 pt
  5. Percent-off signs state whether the reduction applies to the ticketed price or the original price Yes / No 1 pt
  6. Percent-off signs match the markdown level now in the system for the product on that fixture Yes / No 1 pt
  7. "Take an extra percent off" signs state the dates the extra reduction applies, where company policy requires it Yes / No 1 pt
  8. Fixtures holding mixed markdown levels use a general "Clearance" sign, not a single percent-off sign Yes / No 1 pt
  9. Size or category signs on clearance racks match the product hanging under them Yes / No 1 pt
  10. "Final sale" or "No returns" terms are signed at the fixture where the policy applies Yes / No 1 pt
  11. "Final sale" or "No returns" terms for clearance are also posted at the registers Yes / No 1 pt
  12. Clearance signs are printed, with no handwritten signs Yes / No 1 pt
  13. Clearance signs face the aisle from which customers approach the fixture Yes / No 1 pt
  14. No full-price fixture carries a leftover clearance sign Yes / No 1 pt
  15. Clearance signs are in each language required by company policy or local regulation Yes / No 1 pt
  16. Signing of the clearance areas Rating
    • Every fixture signed correctly 5 pts
    • A few signs missing or mismatched 3 pts
    • Unsigned or misleading 1 pt

4. Ticketing 17 items

  1. Every clearance item checked carries a markdown ticket or clearance label Yes / No 1 pt
  2. The markdown ticket shows the current clearance price Yes / No 1 pt
  3. The markdown ticket is the company's clearance color Yes / No 1 pt
  4. The original price remains visible on the item or on the markdown ticket Yes / No 1 pt
  5. Markdown tickets are applied in the position the company specifies, without covering the barcode Yes / No 1 pt
  6. Earlier markdown tickets were removed or fully covered by the newest ticket Yes / No 1 pt
  7. Ten clearance items scanned at a register rang at the ticketed price Yes / No 1 pt
  8. Number of clearance items scanned that rang at a price different from the ticket Number
  9. Items that rang lower than the ticket were re-ticketed during the visit Yes / No 1 pt
  10. Items that rang higher than the ticket were reported to the pricing office Yes / No 1 pt
  11. No clearance item checked has a handwritten price Yes / No 1 pt
  12. Markdown tickets are printed from the handheld or the price system, not from a manual label gun, unless company policy allows it Yes / No 1 pt
  13. Shelf labels for clearance hard goods were replaced with clearance shelf labels Yes / No 1 pt
  14. Markdown tickets on hanging apparel are on the hang tag, readable without lifting the garment Yes / No 1 pt
  15. The mobile printer for markdown tickets is working Yes / No 1 pt
  16. Boxed clearance items carry the markdown ticket on the face of the box turned toward the customer Yes / No 1 pt
  17. Accuracy of clearance tickets Rating
    • Every item checked ticketed and correct 5 pts
    • One or two missing or wrong tickets 3 pts
    • Three or more missing or wrong tickets 1 pt

5. Recovery 16 items

  1. Clearance fixtures were straightened today Yes / No 1 pt
  2. Time of the last recovery of the clearance area Short text
  3. Clearance apparel is on hangers, with nothing on the floor under the racks Yes / No 1 pt
  4. Hangers on clearance racks face the same way Yes / No 1 pt
  5. Clearance apparel is buttoned or zipped on the hanger Yes / No 1 pt
  6. Empty hangers have been removed from the clearance racks Yes / No 1 pt
  7. Fitting-room returns of clearance items were put back the same day Yes / No 1 pt
  8. Clearance shelves are fronted, with product pulled forward Yes / No 1 pt
  9. Full-price items abandoned in the clearance area were returned to their home location Yes / No 1 pt
  10. Empty packaging and loose tickets are cleared from clearance shelves and bins Yes / No 1 pt
  11. Clearance fixtures were consolidated as product sold, with empty fixtures removed from the floor Yes / No 1 pt
  12. The floor around clearance fixtures is free of fallen product and litter Yes / No 1 pt
  13. Clearance shelves and bins are free of dust Yes / No 1 pt
  14. Clearance recovery is assigned to a named employee on today's task list or zone chart Yes / No 1 pt
  15. Broken or unstable clearance fixtures have been taken off the floor Yes / No 1 pt
  16. Tidiness of the clearance areas at the time of the audit Rating
    • Product hung, fronted and off the floor 5 pts
    • Untidy in places 3 pts
    • Product on the floor or fixtures in disorder 1 pt

6. Sell-through 18 items

  1. Date of the most recent markdown event taken in the store Date
  2. Every markdown on the most recent markdown list was taken by its due date Yes / No 1 pt
  3. Clearance at the deepest markdown level is grouped on its own fixture or bay, where the company directs Yes / No 1 pt
  4. Number of markdowns still outstanding at the time of the audit Number
  5. The oldest markdown ticket date found on the floor is within the company's age limit for clearance Yes / No 1 pt
  6. Further markdowns are taken on the schedule the company sets for aging clearance Yes / No 1 pt
  7. Clearance older than the company's age limit has reached its final markdown Yes / No 1 pt
  8. Items at final markdown past the company's time limit were removed for salvage, donation or disposal as directed Yes / No 1 pt
  9. Clearance disposals were recorded in the system on the day they left the floor Yes / No 1 pt
  10. The store manager reviews the clearance inventory or aging report at least once a month Yes / No 1 pt
  11. Clearance inventory as a share of total store inventory, from the latest report (percent) Number
  12. Seasonal clearance from the season before last is gone from the floor Yes / No 1 pt
  13. Number of clearance fixtures removed from the floor since the last markdown event Number
  14. Space freed by clearance sell-through has been reset to full-price product Yes / No 1 pt
  15. Clearance transferred in from other stores was ticketed before it went to the floor Yes / No 1 pt
  16. Progress in selling through clearance Rating
    • On schedule, little aged stock 5 pts
    • Some aged stock or late markdowns 3 pts
    • Large aged stock or many markdowns outstanding 1 pt
  17. Name of the person who performed the audit Short text
  18. Comments and corrective actions Comments

About this template

This checklist is part of the Bindy template library. Yes / No checks score 1 point when met; ratings score the points shown for each option. The overall score is the percentage of points earned, with N/A answers excluded. In Bindy you can add photos, assign corrective actions, require sign-off and compare results across sites.

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