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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Retailing Pricing Markdowns Promotions Accounting 41

Inside Retail

FEBRUARY 1, 2024

As the Lunar New Year approaches, retailers around the globe are eagerly gearing up to embrace the festive spirit and capitalise on the significant market opportunities that this joyous occasion brings. One of the best examples of this came from China, as Apple reduced its retail prices on select iPhone models by almost $70.

Payment Services 130

Payment Services Consumer Marketing Promotions 130

Inside Retail

MAY 30, 2024

Halara is a fast-growing athleisure and lifestyle brand founded in October 2020 by Joyce Zhang, a technologist who previously led algorithmic projects at tech-centered companies like Microsoft and Hulu. Hirata sat down with Inside Retail to discuss the brand’s growth strategy and its upcoming plans for building a physical in-store presence.

Markdowns 130

Markdowns Wholesale Planning Fashion 130

Retail Focus

JUNE 3, 2021

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. 41% to an in-store flyer today.

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Markdowns Promotions Shopping Planning 200

Retail TouchPoints

JANUARY 3, 2023

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.

Merchant Services 290

Merchant Services Payment Services Accounting Checkout 290

Retail TouchPoints

OCTOBER 11, 2021

AI-Based Pricing Brings Surgical Focus to Help Retailers Successfully Navigate Unprecedented Markets. With the unprecedent pace of change in shopper, competitor and market behaviors, merely dusting off strategies from years past leaves retailers painfully exposed as they position against more agile, data-driven competitors.

Markdowns 219

Markdowns Promotions Retailing Pricing Marketing 219

Inside Retail

DECEMBER 20, 2021

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Advertising 130

Advertising Retailing Pricing Promotions Shopping 130

Inside Retail

DECEMBER 20, 2021

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Advertising 130

Advertising Retailing Pricing Promotions Shopping 130

Retail TouchPoints

OCTOBER 14, 2022

There are nuances based on type of retailer, existing ecommerce strategy and whether the products are first-party only or also include third-party fulfillment. At that volume a marketplace model is the most efficient way to scale through use of technology. In the marketplace model the pricing side is simplified.

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Fulfillment Management Accounting Retailing Pricing 267

Inside Retail

OCTOBER 11, 2022

In what seems to be an attempt at viral fashion, Spanish luxury label Balenciaga has unveiled a new handbag that resembles a bag of Lay’s potato chips. The rumoured retail price for the potato chip bag is USD$1800, a huge difference from a $3.99 View this post on Instagram A post shared by Lay’s (@lays). pack of chips.

Accessories 130

Accessories Accounting Fashion Retailing Pricing 130

Retail TouchPoints

JANUARY 12, 2023

For many retailers, success selling on Amazon simply lies in following a set of best practices. Let’s take a look at a few of these. Manufacturer’s Suggested Retail Pricing (MSRP) and Minimum Advertised Pricing (MAP) aren’t enforced by Amazon. Neatness counts at Amazon. Best Practices for Selling on Amazon.

Fulfillment 253

Fulfillment Advertising Accounting Planning 253

Inside Retail

SEPTEMBER 26, 2022

The latest designer piece to arrive in the virtual world’s marketplace is a stunning yellow floral Carolina Herrera gown worn by Karlie Kloss during the designer brand’s Spring/Summer fashion show at New York Fashion Week. Fashion marketing has evolved. They’re playing games, customising their avatar, and collecting digital items.

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Fashion Accessories Retailing Pricing Promotions 246

Retail TouchPoints

AUGUST 17, 2021

Over the last year or so we’ve seen retailers and ecommerce sellers adopting AI tools at a frenetic pace. From backend inventory optimization to identifying salesfloor hotspots to highly targeted marketing programs, we’re seeing an influx of great retailing practices, all being driven by AI.

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Checkout Payment Services Customer Experience Inventory Management 306

Wiser

DECEMBER 12, 2022

Online shopping has exponentially increased the ease with which consumers can find products and compare prices between different retailers, so MAP has become a crucial aspect of product selling for many manufacturers. To lower the price, a reseller might offer coupons or discounted rates internally, among other options.

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Advertising Retailing Pricing Promotions Shipping 147

Talking Retail

NOVEMBER 17, 2021

Nisa is offering its retailers a package of confectionery deals to increase sales in the build-up to Christmas. The promotion, available in stores until 23 November, includes Nestlé Dairy Box and Thorntons Continental chocolate boxes at £4 each, saving shoppers up to £1.99 Or just read more coverage at Talking Retail.

Promotions 84

Promotions Retailing Pricing ATS Marketing 84

Inside Retail

SEPTEMBER 19, 2022

With the rapid evolution of digital channels and online shopping, a global pandemic, and supply-chain challenges, retail is evolving at an unprecedented pace. Customer expectations of engagement and experience in retail are changing equally quickly. To win in retail, you can’t just have a winning online store.

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Customer Experience Customer Retention Marketing Promotions 147

Wiser

FEBRUARY 29, 2024

As detailed by industry experts at the panel, the impact of staffing shortages extends beyond the bottom line. With so many tasks and not enough hands, businesses are turning to third-party services to fill the gap, often leading to additional costs and higher prices for consumers.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

Retail Gazette

NOVEMBER 22, 2023

Big retailers now face a 6.62% rise on their business rates bills next April. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Former New Look boss Nigel Oddy, now CEO of American Golf, welcomed the extension: “This is a win-win for consumers, retailers, and the economy.

Retailing Pricing 109

Retailing Pricing Promotions Consumer Shopping 109

Inside Retail

JULY 29, 2021

The commission said New Zealanders are paying too much for groceries compared to people in other international markets, the major two retail chains – the Woolworths-owned Countdown and the local co-operative Foodstuffs group – are stifling innovation and making persistently high profits in the absence of serious competition.

Consumer 130

Consumer Supermarket Wholesale Promotions 130

Inside Retail

JULY 26, 2021

A recent KPMG report has predicted Hainan to become the world’s biggest duty-free market in the next two years. For luxury travel retail brands, this is an opportunity boon. Brands do not even need an offline presence at CDF to open online brand boutiques within the WeChat store. Creating virtual IP to contest KOLs.

Social Commerce 130

Social Commerce Advertising Apparel Accounting 130

Small Biz Trends

NOVEMBER 30, 2022

In this article, we’ll take a deeper look at how Redbubble works and how to sell on Redbubble. Customers can browse through hundreds of artists and purchase products with their artwork at a great retail price. Tips for Marketing to Redbubble Customers. Promote your listings. Create collections.

Payment Services 111

Payment Services Drop-Shipping Accounting Promotions 111

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. It’s a critical time for retailers, all around the world,” said Todd P. Unified merchandising as a strategic advantage.

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Markdowns Promotions Retailing Pricing Accounting 52

Retail Gazette

NOVEMBER 23, 2023

But with the market now flooded and the cost-of-living impacting discretionary spend, is the advent calendar craze starting to wane? Stylus head of beauty Lisa Payne explains that the exclusivity of bagging an advent from one of the top luxury retailers helped to drive the craze at the beginning. Bestseller or bust?

Department Stores 120

Department Stores Drop-Shipping Fashion Marketing 120

Independent Retailer

AUGUST 17, 2022

The 55th OFFPRICE Show , held between August 6-9th 2022 at the Venetian Expo in Las Vegas, kicked-off the summer edition of Las Vegas Fashion Week. Retailers of all sizes came to source excess inventory that is hitting the market to fill gaps in their open-to-buy dollars and preview resort and early spring merchandise. .

Apparel 70

Apparel Accessories Shipping Boutique 70

Inside Retail

MARCH 8, 2022

Consumers are not being served well by the New Zealand grocery duopoly, according to the Commerce Commission – but it stopped short of any major recommendations in the final report into the grocery market tabled this week. . Requiring grocery retailers to display unit pricing in a consistent format.

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Wholesale Supermarket Consumer Checkout 130

Inside Retail

MARCH 14, 2023

Victor founded Mwave as a pureplay business that sold computer components because there is a gap in that market. The major electronics retailers, like JB Hi-Fi, Officeworks, and Harvey Norman, sell mass-market products. That’s the space that we play in, and we sit a bit more on the premium end of the market.

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Marketing Shipping Management Point of Sale 130

Wiser

AUGUST 17, 2018

According to behavioral economics researcher Dan Ariely , shoppers generally overvalue the benefits of “free” even when compared to higher-quality items at a discounted price. We see this happening in the retail industry all the time. Big companies such as TOMS and Chipotle have seen a lot of success with BOGO promotions.

Advertising 112

Advertising Promotions Visual Merchandising Store Layout 112

Wiser

JULY 14, 2020

We tend to think of pricing as its own distinct practice. You develop a product, produce it, promote it, and sell it. In reality, a pricing strategy needs to be baked into the entire process. You can’t create a product without understanding where it fits into the market. What is a Pricing Strategy? Dynamic Pricing.

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Bundled Pricing Markdowns Consumer Marketing 128

Retail Smart Guys

OCTOBER 18, 2022

The planning of retailing process requires vigorous efforts, data, research, and in-depth analysis to ensure its fruition in optimizing your retail stores. To guide your way to developing a retail planning process, here’s a five-step approach to get you started. Market Analysis. Customer Analysis. Performance Analysis.

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Planning Advertising Accounting Marketing 52

Shopper Intelligence

APRIL 30, 2021

Retailer vs Supplier. First, I could be talking here about where the world of the retailer and the supplier collide. The Retailer cares about winning market share through shopper footfall and basket spend – i.e. winning the total basket (see here some of the metrics that measure traffic driving ). Promotions are good.

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Management Promotions Accounting Marketing 52

Retail Bound

FEBRUARY 20, 2024

Launching a new product in retail can be an exciting but nerve-wracking experience. You have put in countless hours of hard work and dedication to create something unique and valuable, and now it’s time to introduce it to the market. One crucial aspect that can make or break your product launch is pricing. Happy selling!

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Target Market Accounting Wholesale Marketing 52

Retail Focus

FEBRUARY 8, 2024

Senior Retail Consultant at Univers Retail | Published author | Visiting lecturer. Its origins can be traced back to the vibrant European Christmas markets, notably the Vienna December market in 1928, which showcased temporary installations and seasonal merchandise, laying the foundation for the temporary retail experience.

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Merchant Services Fashion Consumer Clienteling 147

Wiser

JULY 23, 2019

Price intelligence is the ability to track, monitor, and analyze competitor and market pricing data to make educated pricing decisions for your business. With that pric ing intelligence comes plenty of ways to slice and dice it, making it a flexible and customizable data set for brands and retailers. .

Apparel 76

Apparel Promotions Marketing Retailing Pricing 76

Wiser

OCTOBER 12, 2017

But one aspect of this unified retail experience that gets tricky is omnichannel pricing. Depending on the specific retailer, price parity or channel-based pricing may be most effective. . Shoppers have more information than ever at their fingertips. How to Get Omnichannel Pricing Right .

Promotions 74

Promotions Advertising Accounting Target Market 74

Retalon

MARCH 9, 2021

Ten new product pricing strategies that work. Introducing new products creates an exciting opportunity to attract new customers and reinforce your presence in the market. At the same time, defining your new product pricing strategy is exciting for a very different reason. Why is new product pricing so challenging?

Bundled Pricing 41

Bundled Pricing Promotions Markdowns Advertising 41

Inside Retail

AUGUST 16, 2021

Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items. A demand for counterfeit goods was thus sparked, fuelling a boom for local manufacturers and leading China to become the top global market for the production and sale of fake goods. The Rich and Humble.

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Consumer Beauty and Health Fashion Accounting 130

Wiser

AUGUST 20, 2019

Sometimes, all at the same time. In general, new product development includes: Market analysis: Understand the market. Usually, this is a simple first version, the baseline of what is needed to go to market. Product development includes the creation of a new product and its release into the market. Market share.

Fulfillment 89

Fulfillment Marketing Consumer Advertising 89