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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

In my experience, the data is what keeps retailers from making the big jump to new pricing technologies and strategies. Many retailers are worried that they don’t have all the data at their fingertips, like product data, customer data, transactional data, when items sold, on what device and more.

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2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

Specifically, bot operators continue to siphon retailer profits with increasingly sophisticated automated threats — including account takeover, web and API scraping and more. According to the 2022 State of Bot Mitigation Report , nearly 70% of companies using anti-bot solutions lost revenue to bot-driven account fraud.

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Best Practices for Selling on Amazon You May Be Missing

Retail TouchPoints

Your business needs a plan to sell on Amazon — not having a plan is a very bad plan! Formulate your strategy after researching which platform options you want to leverage, what your competitors are doing on the channel, determine your optimal price point and how you plan to fulfill orders.

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Five Steps to Achieving a Perfect Retail Plan

Retail Smart Guys

The planning of retailing process requires vigorous efforts, data, research, and in-depth analysis to ensure its fruition in optimizing your retail stores. To guide your way to developing a retail planning process, here’s a five-step approach to get you started. Market Analysis. Customer Analysis.

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How Halara uses machine learning to make just the right amount of activewear

Inside Retail

Through a combination of advanced predictive analytics to precisely tailor its product offerings and a successful leveraging of its social media community, the company has carved out a small but steadily growing niche in the highly competitive athleisure market. So I thought what was the secret?” What’s next for Halara?

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How Retykle changed the Chinese belief that buying secondhand is bad luck

Inside Retail

While the luxury resale market is already growing worldwide and is worth €20 billion globally, according to a report by Berenberg Bank, it is still in its infancy in China, where pre-owned items account for just 3 per cent of the luxury resale business. “In The conscious consumers. The savvy sellers and buyers .

Consumer 176
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The Dropship Dilemma: Why and How Retailers Need to Evolve Dropship Strategies

Retail TouchPoints

For example, they can decide whether to make a manufacturer’s suggested retail price (MSRP) visible for buyers or indicate to the marketplace operator that they don’t want to sell above that limit. In the marketplace model, because the platform becomes a data center, it creates less of a need to issue purchase orders through ERP.