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Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

is at an all-time high, with one in four Americans struggling to afford basic groceries due to rising food costs – a situation only exacerbated by inflation. In contrast, a promising alternative known as dynamic markdowns is gaining traction. Food insecurity in the U.S. Many view these pricing strategies as “milking” the customer.

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Dollar General Plans 575 New Stores, 4,250 Remodels, Tests Same-Day Delivery

Retail TouchPoints

This initiative is aimed at our mature stores that are not yet old enough to be part of the full remodel pipeline. Dollar General has struggled in the last year as lower-income households have pulled back on discretionary spending, while at the same time it has been fielding a host of consumer complaints about the condition of its stores.

Planning 285
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How AI is Revolutionising the Retail Sector

Retail Focus

For example, when you shop online at Amazon or ASOS, you’ll notice that the recommendations are specific to your browsing and buying behaviour. It also allows retailers to tailor pricing at an individual level. This reduces overstocking and the need for massive markdowns. This improves productivity and reduces costs.

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David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

However, many consumers only appear willing to buy if there’s a significant markdown involved, so where does that leave retailers? This presents a unique opportunity for us to offer great value at a time when customers are looking for ways to stretch their dollars further. It also provided customers with more time to shop these deals.

Markdowns 241
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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Putting older products through markdowns might not necessarily be the trigger [either], as customers want a quality product. Landlords are not coming to reality with where the market is at the moment. Forever News Pavone raised another lingering pandemic-related cost increase rental rates on commercial properties.

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Retail Roulette: When Promotions Become High‑Stakes Risks

Retail Focus

Photo by AS Photography Retailers love to throw deals at us, and in most cases, they are limited time offers just to narrow down the gap that won’t allow you to logically think whether or not you actually need that product. Over time, customers learn to never buy at full price again, especially if you are handing over promotions frequently.

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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. Experiment with markdowns, flash sales, or multi-buy offers like BOGO or “Buy 3, Get 1 Free.” A well-executed sales event can shift perception and stock at the same time.