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Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. Localization is critical because there’s so much nuance across different regions,” said Matthew Pavich, Senior Director of Retail Innovation at Revionics in an interview with Retail TouchPoints.

Markdowns 306
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New app helps grocers, consumers reduce food waste

Inside Retail

Gander has teamed with Spano’s IGA and County Grocers to offer this sustainable solution in stores in Queensland and Victoria, making the chains the country’s first to use Gander’s solution. The post New app helps grocers, consumers reduce food waste appeared first on Inside Retail.

Grocer 264
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How Improving Markdowns Will Impact Your Most Important Supply Chain KPIs

Retail TouchPoints

So why should these teams expand their focus to consider markdown planning in addition to their already full slate of targets? Because better markdowns have the potential to significantly improve the traditional KPIs that supply chain teams are evaluated on.

Markdowns 220
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44% of UK shoppers want best-before date discounts to help cut grocery bills

Retail Focus

More recently, other grocers, including Aldi and M&S , have taken a similar course of action and removed use-by dates on fresh milk items. By leveraging dynamic markdown capabilities, retailers can accommodate all of these needs.”

Markdowns 147
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44% of Uk Shoppers Want Best-before Date Discounts to Help Cut Grocery Bills

365 Retail

More recently, other grocers, including Aldi and M&S , have taken a similar course of action and removed use-by dates on fresh milk items. By leveraging dynamic markdown capabilities, retailers can accommodate all of these needs.”

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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. alongside a large QR code.

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Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

representing the fastest growth in at least a decade and sales so far this year have been strong. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer’s revenues last year were up 21.5% Brining groceries online. respectively.