Retail TouchPoints

SEPTEMBER 23, 2024

Navigating holiday retail pricing strategies during times of economic uncertainty requires a delicate balance between reacting to market conditions and maintaining profitability. Optimize Seasonal Promotion Plans Seasonal promotions are a staple in retail, but not all promotions are created equal.

Promotions 144

Promotions Markdowns Planning Retailing Pricing 144

Retail TouchPoints

FEBRUARY 2, 2022

Begin with what you have and build a plan to fill in the gaps. Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown).

Retailing Pricing 246

Retailing Pricing Markdowns Accounting Outdoor 246

Retail Focus

JUNE 3, 2021

Fortunately, there is well-established, proven science-based technology that enables retailers to offer carefully crafted prices, promotions and markdowns in online as well as brick-and-mortar channels. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment.

Markdowns 200

Markdowns Promotions Shopping Planning 200

Inside Retail

MAY 30, 2024

Hirata sat down with Inside Retail to discuss the brand’s growth strategy and its upcoming plans for building a physical in-store presence. Strategies behind Halara’s success A large part of the brand’s exponential growth boils down to this question: “How can you predict and make the right amount of units for customers to price for?”

Markdowns 130

Markdowns Wholesale Planning Consumer 130

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact?

Markdowns 273

Markdowns Retailing Pricing Promotions Fulfillment 273

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.

Merchant Services 300

Merchant Services Payment Services Accounting Checkout 300

Retalon

OCTOBER 24, 2023

The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase. Retailers have to be careful not to suffocate their own demand.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41