Retail TouchPoints
DECEMBER 22, 2022
Now, these smart-to-market brands are taking this time of fluctuating costs and economic uncertainty to evaluate their pricing strategies. With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand.
Retail TouchPoints
FEBRUARY 2, 2022
In my experience, the data is what keeps retailers from making the big jump to new pricing technologies and strategies. I assure you that not every retailer has this all, and this should be expected when you’re looking for a better pricing strategy. This is your starting point and your job is to build up and improve it.
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Retail Focus
JUNE 3, 2021
As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment. Pricing science continues to innovate, evolve and advance. .
Retail TouchPoints
JANUARY 3, 2023
As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. ATO attacks cost retailers millions of dollars each year.
Inside Retail
DECEMBER 19, 2023
There’s no rush for them to always get rid of any markdowns. The cost of manufacturing is more expensive, but your retail price can be maintained well because you don’t have to discount it and you have lower costs operating. The retailer doesn’t sit on stock,” added Dean. “The It’s also a lot less wastage.”
Retail TouchPoints
OCTOBER 22, 2020
Retailers and their shoppers are whiplashed accordingly. This poses unprecedented uncertainties for retail pricing and merchandising teams for the holidays in 2020. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.
Retalon
OCTOBER 24, 2023
As such, retailers can’t afford to risk losing sales because they ran out of stock. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase.
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