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Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

Despite a positive job market and a stabilized economic environment, most consumers ( 96% ) are looking to save money in the short term, according to a recent study from PwC. But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success.

Markdowns 319
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FMI laying foundation to make grocers nonfoods destination

Mass Relators

Despite the frequent trips that shoppers make to the grocery store, the channel only accounts for 8% of volume in the health and beauty care, household products and general merchandise categories, according to Tom Duffy, senior advisor for nonfoods community development at FMI – The Food Industry Association.

Grocer 45
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The new Tiktok challenge waging war on the major supermarkets’ pricing

Inside Retail

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. Private-label brand sales account for 18.1

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Data: Ocado named fastest growing supermarket for second month in a row

Retail Gazette

According to the latest data from Kantar, sales for the online grocer surged 12.5% Ocado accounted for 1.9% Kantar said the fall was aided by a “significant” increase in promotional spending, with items bought on offer making up 29.3% in the 12 weeks to 14 April, ahead of the online market which grew by 6.8%. respectively.

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Sharpest drop in grocery price inflation since March peak

Retail Gazette

Grocery price inflation has seen its biggest drop since it peaked in March thanks to an influx of supermarket promotions helping to bring down prices. The change comes as spending on promotions increased for the first time in two years, accounting for 25.2% Inflation fell for the fourth consecutive month to 14.9%

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How In-Store Data Helps Grocers Stay Competitive

Wiser

The world of brick and mortar retail still accounts for the vast majority of consumer spending, and there are some segments of the retail industry that are not only going strong, but are here to stay. . What will make the difference in the space this year is the attention that grocers pay to the overall Customer Experience (CX).

Grocer 68
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Sainsbury’s growth spurt continues as grocery inflation falls at slower rate

Retail Gazette

in the 12 weeks to 21 January, accounting for 15.7% Meanwhile, grocery price inflation eased at a slower rate this month, as the proportion of promotional products bought fell compared to December. ” Kantar figures show that items bought on offer accounted for 27% of all grocery spending in January versus 32% last month. .