Wiser

MARCH 17, 2020

They might also believe the specific price demonstrates greater value or a markdown. These are a few reasons why charm pricing works. Consumers are looking for any type of deal or savings they can get, and a lower price is a lower price—even if the difference isn’t great. Pricing something at $19.95

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Retalon

OCTOBER 24, 2023

So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. How do retailers get into this mess? 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.

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Retalon

NOVEMBER 20, 2020

So, what exactly is price optimization and why is it so impactful to retailers? This article will give you a distinct understanding of pricing optimization, the challenges and constraints involved in optimizing retail prices, and the price optimization strategies that leading retailers are employing today to stay ahead.

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Retail TouchPoints

OCTOBER 22, 2020

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. Speaking of Online and In-Store Channels….

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Retalon

FEBRUARY 14, 2022

So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. How do retailers get into this mess? 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. Brand Image.

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Wiser

JULY 14, 2020

If that’s the case, does the pricing reflect the value? In this article, we’ll look at what pricing strategy actually is, some different pricing models, and how you can think about your pricing strategy to facilitate long-term profitability and growth. What is a Pricing Strategy? Common Pricing Strategies.

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Retalon

JANUARY 17, 2022

A good retail pricing strategy is integral – but is it enough? Setting an optimal product price can be a challenging task in today’s dynamic and data-driven retail environment. Missing the mark when setting prices can have a drastic effect on sales and the overall profitability of a retail business.

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Retail TouchPoints

OCTOBER 11, 2021

Human hunches, especially if they are based on behaviors from past years, are not sufficient in a completely transformed retail landscape. With seasonal items in particular, missing the mark on pricing, even if only a little, often results in excess stock on hand that has very weak demand, necessitating markdowns.

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365 Retail

DECEMBER 3, 2021

DemandTec , a pioneer in retail price and promotion optimization technology, today launched Unify by DemandTec, the industry’s first autonomous unified merchandising platform for retailers. With next generation systems like Unify by DemandTec, retailers can be better equipped to compete in the modern retail economy.”.

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Retalon

MARCH 9, 2021

At the same time, defining your new product pricing strategy is exciting for a very different reason. These ten leading pricing strategies for new products can get you started. And with the help of retail pricing software , you can find the optimal strategy for your business.). Bundle pricing.

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Retalon

AUGUST 20, 2019

If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores. Over the last couple of decades, the challenges facing retailers have changed significantly, causing brands to rethink traditional strategies.

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Retalon

AUGUST 20, 2019

If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores. Over the last couple of decades, the challenges facing retailers have changed significantly, causing brands to rethink traditional strategies.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

365 Retail

JUNE 3, 2021

Throw in the whiplash effects of the global pandemic – intensely price-sensitive shoppers, disrupted supply chains, an unprecedented shift to online channels – and retailers are faced with a stark reality: nothing they could historically rely on as a foundation for pricing, promotion and markdown decision-making is still standing.

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