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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown). This is your starting point and your job is to build up and improve it.

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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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Balenciaga creates $1800 bag resembling Lay’s potato chips

Inside Retail

Dubbed “Lay’s-Branded Bag”, the accessory made its debut at Paris Fashion Week and is an official collaboration with US chips company Lay’s which promoted that bag on its social media accounts. The rumoured retail price for the potato chip bag is USD$1800, a huge difference from a $3.99 pack of chips.

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Digital Shelf Analytics: 9 Real-World Use Cases for Pricing Data

Wiser

One of its standout features is its capacity to provide competitive pricing and promotions intelligence. Competitive pricing is a crucial element for anyone in retail. With DSI, brands gain near real-time visibility into competitor pricing strategies.

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Best Practices for Selling on Amazon You May Be Missing

Retail TouchPoints

Manufacturer’s Suggested Retail Pricing (MSRP) and Minimum Advertised Pricing (MAP) aren’t enforced by Amazon. It’s up to the brand or its agency to manage what your pricing policies will be and how you prevent being undercut by resellers on Amazon. Get as aggressive on promotions as possible.

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How to Sell on Redbubble

Small Biz Trends

Customers can browse through hundreds of artists and purchase products with their artwork at a great retail price. Accounts are free on Redbubble, but they take a percentage of each sale. Create a Redbubble account. The first step is creating your Redbubble account and verifying your email. Promote your listings.

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

Retail TouchPoints

Sellers are onboarded on a commission basis and the seller is responsible for determining product pricing and availability as it appears in the marketplace on the retailer’s website. ERP efficiencies: With dropship, a retailer’s Enterprise Resource Planning (ERP) solution has to be made aware of seller products, inventory and sales.