Remove ATS Remove Markdowns Remove Marketing Remove Retailing Pricing
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Retail Pricing is a Science – Not an Art

Retail TouchPoints

Now, these smart-to-market brands are taking this time of fluctuating costs and economic uncertainty to evaluate their pricing strategies. With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand.

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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

In my experience, the data is what keeps retailers from making the big jump to new pricing technologies and strategies. Many retailers are worried that they don’t have all the data at their fingertips, like product data, customer data, transactional data, when items sold, on what device and more.

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Recharge Your Digital Pricing Strategies with Data Science

Retail Focus

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment.

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2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

Becoming proficient at navigating these obstacles is key to protecting retail profits. As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. ATO attacks cost retailers millions of dollars each year.

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How made-on-demand manufacturing is transforming the fashion industry

Inside Retail

And then at the end of the season, they don’t have to mark down because they have nothing to get rid of. There’s no rush for them to always get rid of any markdowns. The retailer doesn’t sit on stock,” added Dean. “The The retailer doesn’t sit on stock,” added Dean. The rent is a lot lower.

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AI-Powered Pricing and Promotions are Redefining the 2020 Retail Holiday Season

Retail TouchPoints

As the pandemic moves into new phases, responses lurch wildly between complete lockdowns to fast-track reopenings and back to lockdowns, at different cadences in every country, state or even locality. Retailers and their shoppers are whiplashed accordingly. CPG companies are marketing aggressively direct to consumers.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. As such, retailers can’t afford to risk losing sales because they ran out of stock. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share.