article thumbnail

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs? Barach guides development and customer deployment of antuit.ai

Markdowns 272
article thumbnail

Explainer: Why Is France Struggling To Lower Supermarket Prices?

Retail Wire

France’s Finance Minister Bruno Le Maire is urging the country’s supermarkets and suppliers to accelerate price cuts as consumers struggle with rising food costs and inflation. Although a pledge was made by 75 top food companies to cut prices in July, only about 40 have followed through.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. Japan holds out. Japan is an excellent case in point.

Wholesale 130
article thumbnail

The Step-Up in Ecommerce Sneaker Fraud

Retail TouchPoints

With top companies releasing limited “drops” of desired products, limited-edition sneakers can sell for hundreds or thousands of dollars over their original retail price. The market is driven by “sneakerheads” and resellers, often using bots to buy up large quantities of in-demand sneakers, leading to shortages for regular consumers.

Jewelry 260
article thumbnail

UK shoppers are taking 30 percent longer to make purchases as inflation bites

365 Retail

New research by global review platform Trustpilot suggests the days of impulsive consumer spending are over – with ‘savvy shoppers’ now taking 30 percent longer to make a purchase than they did 12 months ago. What the research also shows is the important role reviews can play in helping consumers make better purchase decisions.

article thumbnail

What’s old is new again: The rise of rental

Inside Retail

Rental is fast becoming a fixture within the retail landscape. Here, three different retailers discuss the changing consumer mindset and the unique challenges of rental companies. Inside Retail : Tell me about how Breeze began. IR: How do you think consumers feel about renting furniture at the moment?

article thumbnail

These Were the Top Retail Stories of 2022

VMS

But backrooms filled up, investment money dried up, inflation cut into consumable income, workers sought to organize and loss prevention became a top-of-mind concern. n 2022, inflation drove prices and interest rates higher. And how can that not have an effect on consumers’ minds? Happy New Year. INFLATION ON. YOUR MIND.