Remove Apparel Remove Comparison Shopping Remove Promotions
article thumbnail

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.

article thumbnail

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

Retail TouchPoints

Our broad-based data science approach helps us determine how to best implement price, promotion and display. The Fetch report also noted that bargain retailers experienced less disruption in basket size , reflecting the ability of these businesses to add value by aligning with the consumer priority of saving while shopping.

Consumer 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Forecast Demand in Retail (2020)

Retalon

For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. The demand forecast informs plans for more accurate product assortment decisions, promotional strategies, and more. Demand Forecasting Methodologies.

article thumbnail

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.