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Pricing Amid Inflation: McKinsey Partner Offers Data-Led Best Practices

Retail TouchPoints

It cannot be done blindly, so retailers should look at the opportunities in front of them to help customers address their own pain points. For example, if you look at the grocery sector, it’s primarily a fight for loyalty rather than just one-off purchases. Intelligent pricing strategy requires ongoing management and governance.

Consumer 162
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Rising Stars Podcast: Rod Plus Solutions’ Grocery Store Technology

Star Miconics

Listen to the New Episode Now Innovations in Grocery Store Technology Kevin Spencer shares insights into Rod Plus’s contributions to the grocery technology sector, focusing on how the company’s solutions have revolutionized inventory management, e-commerce platforms, and customer engagement.

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This Veteran-Owned Sauce Brand Proves to Retailers That “It’s Gon Be Good”

Rangeme

While his love for food and delicious sauces sparked at a young age, manufacturing and producing his own masterful sauces was a new endeavor. Soon the pair started marketing to local grocers. I mean if we didn’t, it’s almost impossible to reach any major retail buyers,” says Hutchinson. “We The secret? As of today, J.W.

Grocer 52
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What Nordstrom’s Paul Smith pop-up says about the future of this retail trend

Inside Retail

Midway into the first quarter of 2024, there are no signs of this experiential retail trend slowing down. From March 6 to April 20, the fashion label will open the Paul Smith Clubhouse at Nordstrom’s New York City flagship, a retail takeover that will include cocktails and bites in addition to apparel.

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Dollar Tree’s Strategy, 3 Actions its Taking to Stay on Top

Indigo 9 Digital

W]e do have a lot of new customers coming into both banners over last year, and the majority of them are at a household income of $80,000 or higher," said Dollar Tree’s former CEO Mike Wytinski. But at the end of 2021 in the face of rising inflation Dollar Tree decided to increase its average price point to $1.25.

Grocer 52
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Staying Competitive: Keeping Up With Amazon

Rangeme

Now retailers are doubling down on AI for faster processes that make the customer experience more convenient. Walmart to build local fulfillment centers at dozens of stores. AI’s role in retail. Aldi to pilot frictionless shopping at Netherlands store. Southeastern Grocers links up with DoorDash on 45-minute delivery.

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Trader Joe’s Strategy: 12 Keys to its Success

Indigo 9 Digital

Trader Joe’s attracts customers looking for a bargain by selling items like wine, peanut butter and humus at low prices, between $2.00 You can also get bananas at Trader Joe’s for only 19 cents. Most grocers charge their suppliers fees for putting an item on the shelf. Managed growth. This results in higher prices.

Grocer 98