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How Korea’s big 3 department stores are killing it right now

Inside Retail

First quarter results for calendar year 2022 are in for the three biggest Korean department store retailers, and the numbers are encouraging. Shinsegae, Lotte, and Hyundai account for the top nine department stores in the country (coming in at number 10 is Galleria’s high-end flagship in Seoul). The big picture.

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How to Price Your Product for a Successful Retail Launch

Retail Bound

It could be a specific feature, functionality, or benefit that no other product in the market offers. When pricing your product, consider the added value that your UVP brings and how it can justify a higher price point. This can significantly impact your overall pricing strategy and profitability.

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Category Managers. The kind of people the world needs more of.

Shopper Intelligence

Buyer vs National Account Manager. The Buyer deeply involved in the minutiae of operating a category for a retailer: pricing, stock, availability, promotions (see how we track these metrics ), a million daily hassles plus the pressure of hitting profit targets, and performance reviewed by the week, day or even hour.

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Winning Retailers, Brands and Manufacturers avoid costly product mistakes by using a company like First Insight.

The Retail Creative and Consulting Agency

Our objective at first insight and the work that we’ve done is about trying to understand what the customer wants, but also where they’re headed so that you can serve them. You sit at the cross section of rear view and forward look, is that correct? Petro: some of our customers are retailers. Petro: Yeah.