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

Retail TouchPoints

Retail brands and consumers alike are feeling the pressure of inflation. But as we head into a new, elongated holiday shopping season, brands need to perfectly balance satisfying customer needs and maintaining margins. For example, if you look at the grocery sector, it’s primarily a fight for loyalty rather than just one-off purchases.

Consumer 162
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What Nordstrom’s Paul Smith pop-up says about the future of this retail trend

Inside Retail

One of the key trends that defined retail in 2023 was pop-up shops and how these experiential shopping experiences have taken hold over millennial and Gen Z consumers. Midway into the first quarter of 2024, there are no signs of this experiential retail trend slowing down.

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3 Ways RangeMe is Encouraging Supplier Diversity on Store Shelves

Rangeme

Diversity and inclusion have become a huge priority to many companies in the consumer packaged goods (CPG) industry, and at RangeMe we’re seeing this movement as a fundamental pillar of many retailers we have recently partnered with. Southeastern Grocers is on a mission to encourage diversity. Southeastern Grocers, Inc.

Grocer 52
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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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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. We buy in volume and contract early to get the best prices.

Grocer 98
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Staying Competitive: Keeping Up With Amazon

Rangeme

As retail catapults into the future, companies can’t afford to get left behind. Leading the way in industry influence, Amazon shapes global retail standards and shopping habits. Now retailers are doubling down on AI for faster processes that make the customer experience more convenient. AI’s role in retail.

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Tesco’s Strategy for Gaining Market Share

Indigo 9 Digital

Tesco’s success is not by accident it has a carefully crafted strategy that is keeping its competition in the cut throat grocery sector at bay. That’s one of the reasons why discount grocers like Aldi and Lidl were able to gain share in the United Kingdom over a decade ago after the last recession. Value for money. Source: Bloomberg.