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The Future of Retail Pricing Strategies in an Unstable Economy

RETAIL MANAGEMENT SOFTWARE

For brands in sectors such as apparel, Footwear, Jewelry, Sporting Goods, Home Goods, and Department Stores, finding the right retail pricing strategies is crucial to survival and profitability. Dynamic pricing is especially effective for Apparel and Footwear retailers during sales seasons or product launches.

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Retailers: Leverage Customer Data to Navigate Lower Spending Due to Inflation

Retail TouchPoints

Retailers sit on massive troves of data and almost none of them use it ,” said Peter Curran, General Manager at cloud commerce app Lucidworks in an interview with Retail TouchPoints. Shoppers want to feel seen and have their financial challenges recognized, and that’s only possible with careful analysis of customer data.

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These 11 Stores Are Killing It On Google Shopping (Case Studies)

Store Growers

These results come from a client of mine that runs advertising campaigns on a lot of different platforms, including Search and Shopping campaigns on Google Ads. I’ve included this store to show the potential of well-managed Shopping campaigns, especially compared to Search campaigns. They already advertised heavily on Google.

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How to Forecast Demand in Retail (2020)

Retalon

On top of that, even smaller retailers must address the multi-channel reality of today’s shopping environment. Increasingly tech-savvy customers comparison shop not just against competitors, but even against a retailer’s other sales channels. Customers’ constantly-shifting color preferences will influence the demand for apparel.

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Ten predictions for how retail will play out in Q3 and Q4: Coresight Research

Inside Retail

Within the context of this “stagflation”, an amalgamation of stagnant economic growth and high inflation, consumers are likely to reassess their priorities, focusing more on essential needs and comparison shopping and deferring larger discretionary purchases.