Inside Retail

APRIL 17, 2024

The CEOs of supermarket giants Coles and Woolworths stated their cases to the Senate inquiry this week as the government looks into the allegations of price gouging and anti-competitive practices. The post What Coles and Woolworths chiefs told the supermarket pricing inquiry appeared first on Inside Retail Australia.

Supermarket 256

Supermarket Returns Marketing ATS 256

Retail TouchPoints

APRIL 10, 2024

Pet Valu will deploy solutions from Relex to enhance pricing and promotions planning processes in its 780+ retail locations across Canada as well as its digital channels. Pet Valu’s implementation partner Logic will provide program management, change management and data integration services. “As

Promotions 223

Promotions Planning Management Location 223

Retail Wire

MARCH 28, 2024

Over the last few years, inflation has caused prices to creep up and impact pretty much everything. However, Costco is still keeping the price of its hot dog-soda deal where it is.

ATS 266

ATS 266

Retail Wire

MARCH 26, 2024

Dollar Tree’s latest earnings call unveiled significant shifts in its pricing strategy and store operations.

Store Operations 246

Store Operations 246

Retail Wire

JANUARY 5, 2024

The nation has witnessed a widespread uptick in fast-food prices, primarily attributed to the escalating operational costs, especially labor.

336

336

Inside Retail

MARCH 14, 2024

Independent Queensland grocer Skippys Fresh Frootz has garnered attention on social media for its videos highlighting its low prices at a time when Australia’s major supermarkets are facing scrutiny for their lack of transparency in their price-setting practices.

Supermarket 263

Supermarket Accounting Grocer Checkout 263

Retail TouchPoints

OCTOBER 31, 2023

Price Chopper/Market 32 has expanded its partnership with fresh grocery platform Invafresh , which already helps the 131-store supermarket chain prevent 20 tons of food from being wasted each week. Supermarket retailer Weis Markets also began working with Invafresh in August 2022.

Supermarket 253

Supermarket Marketing Management Shopping 253

Retail Wire

APRIL 12, 2024

Stamp prices in the United States are gearing up for another hike. Set to take effect on July 14, the price of a Forever postage stamp is poised to jump to 73 cents from the current 68 cents. This increase marks the sixth hike since January 2021.

130

130

Retail TouchPoints

FEBRUARY 16, 2024

Target has introduced a new low-price owned brand called Dealworthy — featuring more than 400 products ranging in price from less than $1 to $10 — and revamped its 15 -year-old everyday essentials brand Up&Up with new branding, product reformulations and additions to the assortment.

Accessories 260

Accessories Apparel Consumer Returns 260

Inside Retail

DECEMBER 1, 2023

Power tool supplier Techtronic has been fined $15 million for resale price maintenance conduct in relation to Milwaukee branded products. The penalties are the highest imposed for resale price maintenance in Australia, according to the Australian Competition & Consumer Commission (ACCC).

Wholesale 272

Wholesale Advertising Consumer Marketing 272

Inside Retail

DECEMBER 19, 2023

A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary trends more permanently into the world’s second-largest economy. “It is definitely a price decrease or low inflation environment now.

Retailing Pricing 263

Retailing Pricing Discount Store Consumer Supermarket 263

Retail TouchPoints

DECEMBER 5, 2023

The retailer also has introduced TrueCost, an innovation that offers client pricing reflecting the true net cost of prescription drugs, with visibility into administrative fees. Simplified pricing will help consumers have confidence that their pharmacy benefit is providing them with the best possible price.

Planning 250

Planning Consumer Management Customer Experience 250

Inside Retail

NOVEMBER 21, 2023

The cost of synthetic diamonds is crashing, dropping as much as 98 per cent lower than standard pricing. However, some retailers still charge the same high prices for synthetic diamonds as for natural diamonds. This won’t last because synthetic diamond prices are crashing to hundreds and even tens of dollars per carat.

Consumer 258

Consumer Promotions Marketing ATS 258

Inside Retail

JANUARY 24, 2024

The pricing practices of Australia’s supermarket near-duopoly are about to the the focus of a year-long enquiry by the government’s competition regulator, the Australian Competition and Consumer Commission (ACCC). The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008.

Supermarket 243

Supermarket Checkout Wholesale Consumer 243

Retail Wire

FEBRUARY 28, 2024

Wendy’s has clarified its digital menu board plans amidst controversy over possible "surge pricing." CEO Kirk Tanner assured analysts that while new digital boards will enable dynamic pricing, surge pricing, akin to Uber's model, won’t be implemented.

Planning 130

Planning 130

Inside Retail

DECEMBER 19, 2023

Airbnb Ireland may pay as much as $30 million in penalties and compensation after the company admitted it misled customers about the currency of the prices on its accommodation booking platform. Airbnb already rectified the currency on its platform, with US prices denoted as USD, effective August 31, 2021.

Consumer 262

Consumer ATS 262

Retail TouchPoints

FEBRUARY 1, 2024

Even though inflation has been easing in recent months, a majority ( 70% ) of retail CFOs say they plan to raise prices in 2024 — although 60% said the price hikes would be slight rather than significant, according to the 2024 Retail CFO Outlook Survey from consulting firm BDO. Can Retailers Win a Pricing ‘Game of Chicken’? “We

Management 217

Management Planning Accounting Consumer 217

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.

Retailing Pricing 271

Retailing Pricing Markdowns Consumer Marketing 271

Retail Wire

FEBRUARY 9, 2024

Hershey has warned of a possible consumer price increase for the brand's chocolate snacks and goods due to the rising price of cocoa.

Consumer 147

Consumer 147

Retail Wire

FEBRUARY 20, 2024

has significantly reduced the prices of its electric 2023 Mustang Mach-E SUV. In a bid to compete with Tesla and attract budget-conscious buyers, Ford Motor Co.

260

260

Retail Wire

MARCH 21, 2024

But will a steep increase in cocoa prices make it harder for consumers to fill their baskets with chocolate and other sweet treats? Chocolate candy is a staple of the Easter holiday.

Consumer 147

Consumer 147

Retail TouchPoints

JANUARY 31, 2024

As a result, brands and retailers have had to up their game for their omnichannel strategies to ensure they have the new features and functionality that consumers require to find the best products at the best price. We had so much price sensitivity shining through as a big core theme for what drives channel decisions,” Minkow said.

Consumer 259

Consumer Shopping Shipping Returns 259

Retail TouchPoints

JUNE 28, 2023

Dollar Tree is reportedly planning to bump prices on certain products as high as $5 , particularly in the food and beverage space, as it looks for opportunities to carry a wider range of products, according to a presentation at its annual investor conference seen by Winsight Grocery Business. That leap to $1.25 It was custom made.

Planning 287

Planning ATS 287

Intelligence Node

APRIL 17, 2024

The 2024 economic climate has heightened shopper price sensitivity. This shift has sparked a retail revolution with dynamic, data-informed pricing strategies and cutting-edge technology. This surge in price consciousness among.

104

104

Retail Gazette

APRIL 15, 2024

Primark has lowered the price on hundreds of its essential kids’ clothing and accessories as part of its commitment to keep prices down. The fashion retailer has cut the price of selected products in its spring/summer range, including swim shorts and swimsuits, t-shirts and shorts, sliders and baseball caps, by an average of 21%.

Accessories 108

Accessories Fashion ATS 108

Retail TouchPoints

MARCH 2, 2023

Engage3 aims to help retailers grow revenue and drive store trips by tracking and optimizing their price image through the Omnichannel Intelligence module, part of the Price Image Management suite.

Location 253

Location Management Consumer 253

Retail Wire

FEBRUARY 14, 2024

Buying Valentine's Day-themed candy seems to come with a higher-than-normal price tag this year.

213

213

Retail TouchPoints

OCTOBER 5, 2023

Responding to consumer concerns about the impact of inflation on their holiday budgets, Target is offering thousands of toys and games priced under $25 , with some items as low as $7.99.

Shopping 236

Shopping Fashion Consumer Planning 236

Retail Wire

FEBRUARY 12, 2024

Valentine's Day enthusiasts might need to brace themselves for a bitter surprise this year as cocoa prices soar to unprecedented levels.

245

245

Wiser

MARCH 20, 2023

For retailers, this is especially true when it comes to pricing data. Pricing data can be gathered from a multitude of different web locations—competitor websites, social media, Google ads, etc. But Wiser has another solution for you—Price Intelligence. What Is Wiser’s Price Intelligence? How Should You Track Prices?

Location 158

Location Retail Marketing Planning Marketing 158

Retail Wire

OCTOBER 30, 2023

The price of Halloween candy has seen a sharp increase of 13% this year.

278

278

Retail TouchPoints

JANUARY 6, 2023

There are a few early adopters of the metaverse store concepts, and they are definitely worth following — their approaches to pricing are especially interesting as that’s completely new terrain. What About Pricing in the Metaverse? Price of Gucci run sneakers on the company’s site. Into the Metaverse: Adidas NFT.

Consumer 316

Consumer Supermarket Marketing Accounting 316

Inside Retail

AUGUST 31, 2023

Pet Circle has paid fines worth $26,640 for stating misleading prices of pet supplies on its website to two customers, the Australian Competition & Consumer Commission (ACCC) reported. This requires retailers to accurately reflect the prices of goods sold on their websites,” Carver said.

Checkout 256

Checkout Consumer Marketing ATS 256

Retail Gazette

APRIL 15, 2024

Tesco has teased the new design for its Clubcard prices after a High Court ruled its yellow circle in a blue square infringed Lidl’s trademark for its similar yellow circle branding. ” Last month, the Court of Appeal upheld the High Court’s ruling that Tesco adopted its design in order to create a price comparison with Lidl. .”

Supermarket 115

Supermarket 115

Inside Retail

AUGUST 27, 2023

Further reading: As food prices soar, retailers face a discretionary spending downturn The post ‘Unavoidable’ price increases drive retail spending growth in July appeared first on Inside Retail. To ease their budgets, Zahra said shoppers are cutting back on spending and are instead opting for value options. “The

Department Stores 246

Department Stores Accessories Consumer Shopping 246