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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

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The Step-Up in Ecommerce Sneaker Fraud

Retail TouchPoints

With top companies releasing limited “drops” of desired products, limited-edition sneakers can sell for hundreds or thousands of dollars over their original retail price. Heeling and Dealing The sneaker resale market is a lucrative industry.

Jewelry 225
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A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. Thailand keeps the lid on.

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UK shoppers are taking 30 percent longer to make purchases as inflation bites

365 Retail

Despite this, the study by global review platform Trustpilot found 46 percent of consumers ‘have no choice’ but to go for items with a lower retail price – over factors such as quality – as they can’t afford to pay more. 65 percent of those who felt this way claiming this is out of necessity due to the cost-of-living crisis.

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These Were the Top Retail Stories of 2022

VMS

It’s certainly one of the reasons most retailers sought any opportunity to cut overhead – closing stores, releasing employees, trimming marketing budgets and technology investments, etc. Mid-year, Walmart announced that its profits were sinking – an attempt at transparency aimed at calming investors and soothing shoppers.

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What’s old is new again: The rise of rental

Inside Retail

When I moved back to Melbourne in 2019, I found the perfect sofa and coffee table, but wasn’t sure if my needs would change at the end of my one-year lease. At the end of your term, you can buy any pieces you fall in love with, or our team will pick up the items you want to return. That’s basically the start of Breeze.

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5 ways crowdfunding can get you through the shipping crisis

Retail Bound

At LaunchBoom, we don’t feel that any of these are viable long-term solutions, nor should they be accepted as the only ones available to you. The cost-saving benefits of manufacturing in Asia have been upended, and either the producer or the consumer has to pay the price. Crowdfunding presents a way to avoid this altogether.