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Chinese retailers’ pricing strategy risks ‘vicious cycle’ of low margins

Inside Retail

Falling income growth is normalising lower consumption in China, with some industries experiencing declining revenue, as “companies are lowering prices to maintain their market share and avoid being squeezed out,” said Wang Dan, a Shanghai-based economist at Hang Seng Bank. at the flagship chain.

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Uncovering Retail Price Discrepancies: Strategies for Brand Consistency

Wiser

Equipped with Wiser’s comprehensive analytics, brands can expect to navigate through the complexities of retail pricing with greater ease and precision, ultimately securing a competitive edge in the bustling marketplace. Let’s take a look at the data. pricing discrepancy for Skullcandy brand headphones, a $15.04

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Rite Aid Offers OTC Birth Control Pill at All Locations

Retail TouchPoints

The pills are available for a suggested retail price of $19.99 Carrying an over-the-counter FDA-approved birth control pill is an important step in increasing access to reproductive health products and services for women,” said Karen Staniforth, SVP and Chief Pharmacy Officer at Rite Aid in a statement. for a three-month supply.

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Retail Pricing is a Science – Not an Art

Retail TouchPoints

For example, product creators may think that consumers want genuine leather, which comes at a premium, but testing may show that their target consumers would be equally or more satisfied with a vegan leather product at a lower price point. Field leads operational execution, people and customer partnerships at MakerSights.

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Adapting to Change: How Technology Is Changing Retail Pricing Strategies

Wiser

This discussion delves into different pricing strategies, their frequency of use, implementation challenges, and the role of technology in enhancing pricing optimization. Director of Customer Success at Wiser Solutions. Over time, prices are increased once a customer base is established.

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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

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. Everyone starts somewhere, and it’s OK wherever you are at in your data journey. I don’t have all the data I know I should have, is that OK?

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Warrick Lambert Takes the Helm at Genie Shopping Amid Growth Surge

365 Retail

Genie Shopping, a leading UK retail price comparison engine , has appointed performance marketing expert Warrick Lambert as its first-ever Chief Executive Officer. Lambert rejoins the company after a 12-year hiatus, stepping in at a time when Genie Shopping is experiencing a remarkable year-on-year revenue growth of 172% in 2023.