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The Future of Retail Pricing Strategies in an Unstable Economy

RETAIL MANAGEMENT SOFTWARE

Prices must reflect not only internal costs but also consumer sentiment, real-time demand, and competitive shifts. Legacy pricing approaches can’t adapt fast enough to market changes. In this unstable economy, retailers need agile, tech-enabled, and customer-centric pricing strategies.

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Product Bundling: What It Is and How to Bundle like a Pro

Wiser

The items paired together could be captive products , like razors and razor blades, complimentary, like a deal on kitchen appliances, or accessories, like smartwatches and replacement watch bands. It’s also a good strategy to improve customer loyalty, as bundles can be viewed as perks or rewards. A McDonald’s Happy Meal.

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10 Leading Strategies for Pricing New Products (2021)

Retalon

Ten new product pricing strategies that work. Introducing new products creates an exciting opportunity to attract new customers and reinforce your presence in the market. At the same time, defining your new product pricing strategy is exciting for a very different reason. No two markets are alike. Price skimming.

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

Retailers need to consider many markdown strategies to find the one(s) that align with their products, their markets, and their overall business. Online stores often adopt an agile pricing strategy that uses predetermined triggers to respond to changing inventory and market conditions. Businesses measure things they care about.